techzone12

Obama's Economic Fix

Crisis for some politicians (like Rahm Israel Emanuel) and their inner circle is a "great opportunity" to get richer. Let's not forget that Emanuel was part of the board of directors at Fannie Mae, when it was going down the tube. No one raised the issue, because no one dares to challenge the powerful special interest group that he belongs to.

Obama slogan was "change", but I am sorry to say that so far I don't see any serious change. He is diffidently better that Bush, but that's not too hard to achieve!. It's business as usual in Washington.

Corruption runs deep in Wall Street and Washington. A prime example is the Madoff scandal, where the scheme went on "unnoticed" for over 20 years. Guess which special interest group Madoff belongs to.

It's the taxpayer who gets to pay the bill at the end. Meanwhile Wall Street (2008 bonuses anyone!) and the politicians get to profit! Outrageous!!


On Feb 10 09:33 AM Lars39 wrote:

> Most people, I think, want an economic fix, but are not sure this
> one is the best way to go. The tone of this administration was revealed
> when they came in with the words of incoming White House Chief of
> Staff Rahm Emanuel, "You never want a serious crisis to go to waste."
>
> This crisis is presenting an oportunity to craft a "stimulus" bill
> that will have good parts and not so good parts that in effect set
> the framework for the socialist programs Obama and Co. want to implement
> without having to sell them all at once.
> There is too much money spent on things that don't seem to address
> the immediate needs of stimulating the economy now.
> The approach is "don't worry, the government knows best" and that's
> not reassuring to most of us.