Posted by
Mike Silverman on Monday, November 17, 2008 12:04:44 PM
On September 24th President Bush publicly stated "We are in the midst of a serious financial crisis. Our entire economy is in danger.The market is not functioning properly." As a result of high pressure tactics and big government intervention, we got the reviled "bailout" bill. And it is still reviled today. It did nothing to prevent job loss, except among the executives of certain specific companies, it did nothing to "stabilize the markets" as indicated by the still gyrating swings of the DOW. You know, we might have had a teachable moment here for congress, but they didn't get the message. The government can't take control of the economy, and win. That should have been the message congress got out of it. Taking over the economy.., failed when they tried it in the Soviet Union and eventually became a factor in it's downfall, it's failing in China which is why they are moving toward open markets, it eventually fails everywhere it's tried. Why can't congress make it work? Because.., the government does not control the US economy. Therefore the government can not correct downswings in the market. The government has some tools at it's disposal that can influence economic conditions, such as lowering taxes.. and in combination with the Federal Reserve cutting interest rates can be a major spark in growth, but the government does not... CAN NOT.... determine the success of our country's businesses. It NEVER has. Since our country's founding, the free market enterprise system has been the determination of business success. Now Obama is saying the same thing Bush said back in September, only this time it's about the auto industry and middle America. There's an old saying, Fool Me Once, Shame on YOU.... Fool Me Twice, Shame on Me. If the congress is fooled again into voting for another vile bailout bill, they will have proven thier national foolishness, proven to be an international embarrassment and a waste of taxpayer money for thier salaries, and every one of them who votes for it doesn't deserve to be re-elected. Its tragic that so many people are losing thier jobs, but sometimes it's the only way trim the waste in companies and allow them to survive. Because you lose one job, doesn't mean you can't turn around and start looking for another. I've had to do it myself several times when companies I've worked for went under financially. I went to the nearest temp work agency and took the first job I was qualified for. I held on and bided time until I could get back into a corporate position similar to what I had before. It is simply not American to whine and moan and beg the Government for a hand out when you lose a job. You get out there and do the best you can, like so many people are trying to do right now.
As for Hillary Clinton for Secretary Of State..., Obama could do a LOT better. Hillary is basically worthless on her own . She used her husband to get herself into a viable political position, clinging to his name to get elected in NY, and all through her campaign for the nomination hoping that he could sell her to the public, a man who is a proven philandering dog in so many ways, including soiling the oval office , still accused by Anita Broderick of rape, an absolute slime of a man who was impeached by the House Of Representatives for lying under oath, and she stays with him out of weakness, fearful that she will lose connections if she dumps him. She's shrill, doesn't understand the issues that most citizens care about, look at her ignorant response to the issue over driver's licenses for illegals. I think she's a terrible politician who brings nothing to the table except her husband's name, she should go back to doing the only thing she's any good at, being a lawyer.
- Mike Silverman