Wow. Just wow.
Words cannot describe the utter disappointment in the American people for not being able to see the blatant attempt at expanding government far beyond its necessary reach. While most of America blindly supports President Obama, I worry about how he is shaping the Presidency.
My biggest fear during any tough economic time is the ability of the masses to rally behind someone who makes promises to them. Why? Because it is the same way that Hitler, Stalin, Castro, and many other dictators came to power. No, I'm not saying Obama is going to mass-murder millions, I'm simply stating the point that the American people, when in times of uncertainty, will openly give up their rights for a sense of security (Remember the atrocity called The Patriot Act?).
When FDR and his government loaned billions of tax payer money to major industries to help them afford the conversion from civilian to military production, there was a plan in his notes to return the industries to their pre-war sovereignty.
So here I am reading about the Obama Administration not willing to accept re-payment of the TARP funds. Why? Because if a bank is being supported by tax-payer money, then that bank is no longer sovereign over itself. Instead, its controlled by the government - expanded government.
I see the point in the counter-argument made by the Administration: TARP money comes with a stipulation on limits of payments and bonuses to executives. In these trying times the American people do get frustrated and angry when we hear about executives and CEOs receiving the "Golden Parachute."
Its not the greatest of things but its really only noted now because the blue-collars are in tough economic times. It is the ugly side of capitalism - but you wouldn't move away from capitalism because of one bad thing.
It would be like the human population not having sex anymore because they couldn't guarantee that both parties would be sufficiently satisfied each time. We know thats not going to happen because despite the less joyful parts of sex, the pros far outweigh the cons.
As is the case with free capitalism...
1 comment:
When people are in need, especially during a financial crisis; they will turn to anything that raises their spirits. I guess that is why religion seems to harness all people’s problems because of the blissful futures in emblemizes. It is all very possible that Obama entered this Presidency in the right situation. His strong rhetoric and persuasive manner combined with desperate time has elucidated a situation that might not be built upon strong grounds. The blue collar person has to work and unfortunately embraces all changes to government, and seems that is mostly negative. I guess all we can do is wait for the future as this point and keep our fingers crossed.
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