So why are you calling Obama the Marxist or Communist if he has nothing to do with this "fiscally irresponsible' spending you're talking about? Obama has done nothing but propose solutions to Congress to figure out a way to get us out of this Recession we're in. If Congress agrees with his proposals, they created the bill, pass it into law, and he either signs it or vetos it. That's the way the process works. If you don't like the way the current process is handled, get rid of the people in Congress. Obama and any other President is nothing more than a glorified figurehead used as a way for the American people to identify the representation of our Federal Government.
Because he is. His ideals, the direction he wants to take the country in, his speech, his actions all lead me to this conclusion. As for the congress, it is a congress of progressives that control it, they agree with him and will vote with him. Do you think for a minute if it were republican controlled he would be getting the things he is? Have you seen how divided along party lines the voting has been. Come on man, look at the detail. And you are correct sir, if I don't like the current government vote them out, and I will do my part to do so.
As for letting them fail, again be reasonable, they would have gone into and come out of bankruptcy. Just like any other company. As for the banks we can get into what was the catalyst that got them where they are today. Here is a history lesson for you on Mr. Barney Franks stand on Fannie Mae and Freddie Mac;
"In 2002, shortly before accounting irregularities were exposed at both companies, Frank said, “I do not regard Fannie Mae and Freddie Mac as problems,” The Wall Street Journal reported. After the Freddie Mac accounting scandal in 2003, Frank said, “I do not think we are facing any kind of a crisis.”"
In fact, Frank & Co. made matters worse by pushing Fannie Mae and Freddie Mac to take on greater risk. They wanted more loans to people who might not qualify for traditional bank financing. And, as The Wall Street Journal has pointed out, Frank “pressured regulators to ease up on their capital requirements — which now means taxpayers will have to make up that capital shortfall.”
"These companies were forced to loan money to people who couldn’t afford it in the interest of “being fair.” Rules were relaxed and money was loaned and predictably low income families defaulted on loans that they never had any business getting in the first place and now you and I have to pay for it.
Another liberal policy and another liberal failure. And now we must all pay for it. But hell, they meant well."
And as for kissing the state of Michigan goodbye, I live here sir. We have already failed. The jobs in the automotive industry were going down south and off shore long before any bailouts happened. Why you ask. I charge the unions with this. Their incessant need to increase workers pay and benefits are what drove costs up and drove the companies away from Michigan along with the high tax rates imposed here. Just look at the unions agreements now to decrease wages and to decrease benefits now that the wheel has hit the pavement. It is another example of don't do the right thing until all ---- hits the fan. If they would have started long ago to worry about the ability of the companies to compete globally they may have, I say may have, been able to avoid a lot of this. There is an old saying, the shoot pigs and they slaughter hogs. The unions have been hogs for far too long and are now starting to their just rewards. Do some research, look up how many millions of dollars the NJEA have spent to thwart a sitting governor, Chris Christie, on the passage of his budget plan.
