Gov't IS the answer

[SubGod22]

According to Geithner anyway. This guy is really frightening me the longer he's around. He shouldn't have been appointed anyway and now he keeps asking for more and more power. I'll have to find some more of the stories I've heard and check YouTube for a couple of interesting videos I saw on the news about his time on the Hill in front of one of the financial committees.

[SubGod22]

US going the way of the mob?

I may have posted that elsewhere but it seems to fit here with the power grab going on in Washington.

[SubGod22]

Here's an interview with Congresswoman Bachmann about Geithner on the Hill the other day.

[wu_shizzle]

In an extraordinary move, the administration forced the departure of Rick Wagoner as CEO of General Motors over the weekend, and implicit in Obama’s remarks was that the government holds the ability to pull the plug on that company or Chrysler.

I can't believe that stories like this are happening right here in the land of the free and the home of the brave.

I can't say McCain would be doing anything different, which is good long term for the Republicans that he didn't win.

Let the Democrats own this ridiculus run towards Socialism.

[SubGod22]

In an extraordinary move, the administration forced the departure of Rick Wagoner as CEO of General Motors over the weekend, and implicit in Obama’s remarks was that the government holds the ability to pull the plug on that company or Chrysler.

I can't believe that stories like this are happening right here in the land of the free and the home of the brave.

I can't say McCain would be doing anything different, which is good long term for the Republicans that he didn't win.

Let the Democrats own this ridiculus run towards Socialism.

The only good thing if McCain had won is that this march towards socialism would be going at a slower rate. But in the long term this is better for Republicans. Hopefully a Conservative will step up and lead us back towards where our Founders had planned.

Both parties are FAR TO THE LEFT of what this country was founded on.

[Maggie]

This is all about control and always has been. In my judgment this administration’s financial policy has little to do with actual economics and more to do with its subjective (which is to say, radical) sense of fairness. It isn't government, per se. It's a morality play directed by a leader with a very peculiar moral compass.

[SubGod22]

This is all about control and always has been. In my judgment this administration’s financial policy has little to do with actual economics and more to do with its subjective (which is to say, radical) sense of fairness. It isn't government, per se. It's a morality play directed by a leader with a very peculiar moral compass.

I hear what you're saying. I heard something the other day about the GIVE Act or something like that which essentially forces kids to volunteer. Americans volunteer more than any other nation on the planet and I could only see this as hurting the future. Nobody likes to be forced to do anything and they normally view it as something they want nothing to do with down the road. I'll have to see if I can find more on it to get details.

[Maggie]

I was really, primarily, referring to tax policy; however, the sad thing is I see the American public acquiescing to more government control without actually thinking through long term and broad implications. I have seen very few, if any, elected representatives artfully, intelligently and forcefully arguing why this is a very bad idea. There doesn’t seem to be any room for debate in the current culture/climate – as we are in a crisis after all.

Do we really want to be bailing out the auto industry, for example? Why can’t they just go through an orderly bankruptcy? It seems to me they would be stronger coming out the other side as they would have a real incentive to correct whatever problems they might have rather than “giving” them money that allows them to stay afloat (while changing little) only to come back and ask for more money later. The funds “given” to these companies are a disincentive to real change.

Do we really want the government to tell a private company who its board members should be? This type of public/private corporate marriage sure worked out well with Fannie and Freddy.

People need to understand what this means and it should be presented in very simple terms – healthcare could be a prime example. When the government “pays” (or should I write “invests”) for your healthcare people should be aware that it will reserve absolute and total control over your personal conduct and condition, i.e. it will decide whether you are too old to get cancer treatment, or too overweight for a hip replacement, or as a prior smoker you don’t qualify for treatment for heart disease, etc. Ask anyone from the U.K. (and there are plenty working for companies in Wichita) and they will confirm this reality. You see it is, on a certain level, very simple – your personal conduct affects the government’s “investment”. Hence, they will exert moral and actual control over your treatment or lack thereof.

This is all very scary and it extends to nearly everything the government intimately involves itself in.

[ShockerPrez]

The problem is the American people are guided by pop culture and not intelligence. They will listen to the words and not look at the actions. They will not voice opinion that is anti pop-culture for fear of being un-cool.

The American people need to understand that this isn't about bringing people up. It is about controlling your lives. They are preying on the mob in order to secure power.

The biggest issue I have is that our government is not elected to rule us. But at this point, they are acting like rulers. It will come back to be their demise.

I can see some sort of revolution, and I don't mean violent, that will have to be done in order to reset, if you will, the proper place of government. It is the only way to unwind what is happening, or could happen.

[SubGod22]

Geithner Wanted Feds to Backstop Everything This guy makes me want to beat my own head in sometimes.

[SubGod22]

Obama: Give Economy to Me, I'll Fix It

[SubGod22]

Watchdog: Financial Bailout Support Could Reach $23.7 Trillion

The total price tag for federal support stemming from the financial crisis could reach $23.7 trillion in the long run, the government's top bailout watchdog says in a new report to Congress.

Neil Barofsky, the inspector general for the Troubled Asset Relief Program, plans to deliver his report Tuesday to the House Oversight and Government Reform Committee.

Isn't this glorious.....:roll:

[wsushox1]

I don't even know why they had to have a TARP bill. The Reserve pumped far more then 700 billion dollars into the banks and markets with the public really knowing about it.