It looks to me like Barack Obama will be the next president. If I could tell Obama just one thing, it would be to remember that no country has ever taxed its way back to prosperity...never happened never will. My biggest fear is that he will be obligated to the left-wing socialist wing of the democratic party - the folks that hate corporations, that hate profits, that hate people who are successful and who have never held a job that requires business acumen. I am fearful that his obligation to them will force his hand to tax the people who make our economy work, at a time when the economy is in its most fragile state in 75 years. His plans for tax increases will wreck the economy with 100% certainty.
It is amazing, or pathetic, that Barney Frank has red ink all over his blubber-laden body, but according to his self absorbed rants he has no responsibility whatsoever for the financial crisis. It is truly remarkable that the chairman of the house finance committee could be either so irrelevant or so weak that he has had no hand in financial affairs for the past two years. If he did not wear the stench of rotting investment portfolios slaughtered directly or indirectly by the Freddie and Fannie failures, he might have a shred of credibility, but he does, so he doesn't. What a putz. He has no clue his "who me? the other guy did all the bad stuff, I did all the good stuff" attitude is why most of America despises the current members of congress.
I was so disgusted to see that the members house of the representatives were admittedly swayed in the vote for the financial bailout package by the upcoming elections. Huh....maybe they could just vote for what is right, what is best for the country, not what is best for their election chances.
Does anyone in the mainstream media understand that this crisis is not a failure of capitalism, but rather further evidence that central planning from well-intentioned do-gooders? If banks are coerced to lend to people who cannot possibly repay their loans....why is anyone surprised when they don't? Sometimes these liberal elitists who want to appear so so smart, do things that are so so dumb.
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