So our government is ready to rescue the banks again, if necessary, I can't tell you how happy that makes me. I mean it's not like half of them showed a profit in the last quarter or anything on our tax dollars. It's not like all of them collectively "flipped off" the government and the taxpayers, and said we will give out bonuses 'errr retention pay.
This would be the same government, and don't kid yourself it is the same government, that stood by and let us all pay $4.00 a gallon for gas due to fraudulent trading and pricing practices. They told us we had to bite the bullet while Exxon-Mobil posted profits exceeding $100 billion. They shrugged and said we need more fuel efficient cars, you need to turn down your thermostats, and they watched as the world of the working man began to collapse.
This would be the same government that has basically told GM and Chrysler you're going through bankruptcy so you can break your contracts with your workers and stiff your bond holders. And it's not only the UAW guys that is losing their jobs or having their pay cut by 40%, it's the suppliers, it's the local restaurants, bars, dry cleaners, convenience stores, gas stations, small factories, shipping companies, steel industry, scrape metal industry, tire manufacturers, mining, trucking, insurance companies, hospitals, medical profession, lawyers, accountants, banks, and more, they are all being told you have to take a hit. The only one protected are the ones with deep pockets. You and I aren't that lucky.
Some will say this is "old news" and maybe it is but this is about "perspective" as much as it is about substance. You see a lot of people will say this is GWB's fault and other will say it is Obama's. You people argue this point endlessly. It's Fox News against MSNBC. It's Rush versus common sense. It's Democrat versus Republican. When in reality they are almost one and the same.
What is going on in this country right now is basically class warfare. You have the "Elitist" in government trying to control everything we do. Think about it. You just had the President of the United States pretty much fire the CEO of what used to be the worlds largest corporation. You had the government cast blame on the auto industry so they can push forward with their agendas of "green" cars and a nationalized health program, when in reality even Stevie Wonder could see the auto industry wasn't broke until gas went to $4.00 and the banks stopped lending money to buy cars. And who stood buy and did nothing to the banks and oil traders? The government! Oh wait they did do something...they bailed one out and told us to buy duct tape on the other. Then they told the auto industry to downsize and start laying people off.
A day will come when the people of this country will start to use their brains again and think, instead of being told what to think. I wonder if I'll see it in my lifetime? Doesn't anyone find all of this just a little strange? Any of you over the age of 40, do you think this would have happened back in the 60's, 70's or 80's?
One last thing. If this made you think, now start to question, then get involved and act.
I'm over the age of 40...by 36 days! And no, I don't think it would've happened...
ReplyDeleteSocialism....hate to repeat it again...but its looking like more and more of a reality....
And besides...I heard this morning that Obama is having another press conference next Wednesday night.....right smack dab in the middle of the American Idol results show......:(
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Good post Wolverine!!!!!
I don't remember anywhere in the constitution where it says we have a right to cheap gasoline. It is a pox on the planet, worsening everything from health, to war, to environment. Why shouldn't the companies who sell it be allowed to charge what the demand will pay? I hope it hits $7 a gallon this summer.
ReplyDeleteI've been saying Bank of America has been a good, if very risky investment. While other banks were buying up small successful competitors with their bailout money, BofA was buying up the mos toxic things it could find at a steep discount. This is why everyone fled the stock, but with Democrats in power, it is highly unlikely that they would allow BofA to fail. To do so would be to admit that government can't solve our problems, and thus admitting defeat in elections for the foreseeable future.
LJ: Hah! So tragic that people might have come out of their idol induced stupor long enough to notice their country going down the tubes.
Phoenix I have no problem with pricing based upon supply and demand, but it has already been proven that the commodities traders were running up the price of oil by reselling shares that didn't exist. This was much the same as the electric utilities did in the early 2000's to run up the price of electricity.
ReplyDeleteAs for BoA I have no opinion. As for the difference between a Democrat and a Republican being in power I think the difference is neglegible.
Don't miss my point here. It isn't about bailouts of the banking industry or the auto industry. It's about the common man being the loser while the Republocrats push there stupid agendas that do nothing for the common man, only for the lobbiest with the most money.
As for the Constitution saying we are entitled to cheap gas, you are correct it doesn't. But the the 1st amendment to that same Constitution also doesn't say we are entitled to porn, say or write anything we want. Like most of the Constitution it has been bastardized over the years by the lawyers hungry for a big payday.
Thanks for you thoughts!
If you want to take a hard line on the Constitution, then you end up admitting that the government was never granted authority to regulate any of these things in the first place. Government can't and didn't give us our rights. It just hasn't managed to take all of them away yet.
ReplyDeleteI guess I'm not conveying this correctly, you and I agree on the Constitution.
ReplyDeleteIn fact the Federal Government should be downsized to do exactly what it was formed to do, provide for the common defense and promote the general welfare.
Beyond that everything else should be handled on the State level so you and I have better control of what is going on.
As for the Green agenda, as I told my friend who is a scientist in Alaska, it's not that I don't think we need to do things to improve this planet, I do. But when I get the information from a politician it already starts out suspect. We know that climatic changes are a part of this planet, hence the ice age, so what's to say all of this "green" is going to prevent anything?
I would rather hear it from those in the know than Nancy Pelosi and Waxman.
By the way I take the "hard line" on nothing. Opinions should always be in flux depending upon an open mind and what you discover.
You don't have to believe in climate change for oil to be bad for the environment. We tear things up to get it, we spill it on the away to its destination, and unless you think sucking on a tailpipe is healthy, the emissions aren't that good for us either.
ReplyDeleteI really don't understand the conservative love of oil. It is what is funding terrorism. Renewable energy is the essence of self sufficiency, both on the personal and the national level. Home made energy is patriotic. It is an expanding and competitive sector. Do you really want to be competing with third world nations on who can more cheaply manufacture hundred year old technology? We are leaders, it is time to lead.