Posted by
HubieH. on Friday, March 13, 2009 2:06:41 PM
After listening to the varide thoughts and observations of many different news
commentators, I have arrived at the same conclusion that only one of them came
up with. And that is, that it is not as much about the bail outs as it is about
control. Think about it, the Government has taken control of Fannie Mae and
Freddy Mac along with most of the largest Banks, and the largest Insurers
(AIG, etc.) on Wall Street.
The idea of the bail outs as I understand them was to put money into these
companies so that they could start lending once again to the small businesses, so
they could keep their companies running. And the people would start to feel a
little better about the state of the Economy and would start to spend some of
their money which would help to stimulate the Retail Businessess as well. But
a funny thing happened along the way. The Government forgot one tiny little
detail when they gave the Banks some of the stimulus money, and that was;
the banks were supposed to make the money available to the businesses
and the people in the United States. But here is where some of the Stimulus
money from the banks went:
Bank of America invested $7 Billion dollars in a China Construction Corp.
J.P. Morgan invested $1 Billion dollars over in India.
Citi Group loans $8 Billion dollars to the Country of Dubai.
This oversight on the Government's part needless to say, was an extremely costly
mistake and an additional waste of Taxpayers money, along with the Stimulus
Package that gave the Banks the money in the first place.
And so, around and around it goes where it stops nobody really knows. This
Government is spending money like it's going out of style, and you know what?
IT IS!! Every one of the Stimulus Bills that Congress passed and that President
Obama signed into law was funded by money that we do not have. But all they
did was to start up the Government Printing presses and print out some new
money. You know, there is a name for that kind of operation but it escapes me
right now (ha! ha!). The Government has been getting backing from China, but
I understand that it is getting harder and harder to come by. My guess is, that
maybe this charade will stop when China comes over here and asks for the keys
to the country.
And now Mr. Obama wants to saddle us with Universal Health care. If some
of the things that I have read about this kind of health care system is true you can
have it, I sure do not want it. It means longer waits because of limited access to
Doctor's. These waits force people to draw on welfare while they wait, which
drives up the cost of your Taxes, just to name a few. But then when you add in
that it will be run by our illustrious Government, who cannot run themselves with
any resemblance of efficiency. The only kind of Health care that I would want to
consider would be the same type that all of the Government workers get, But
have it run by someone in the private sector and the Government not having any
kind of control over it. The Government is trying to take over every area and
aspect of our lives. Next they will be coming into our homes and telling us what
we can and cannot do there. I say enough with a government of Socialism !!!
Let's for God's Sake get back to some semblance of a Democracy where we
belong.
I think that the Congress and the President would do a whole lot better if they
would concentrate on getting this Economy straightened out first, before going
off in so many different directions. They are going off on more tangents with these
Stimulus Bills than you can shake a stick at, and along the way piling up more debt
than this Country will ever be able to pay back if it exists for another 500 years.
My attempt to inject a little real Humor
"What you get free, costs too much"
By J. Anouilh