Politics is just another phrase for bad girl drama… except it’s gender neutral and slightly celebrity-ish. It’s all about talking behind backs and being two faced, pointing the finger and claiming no responsibility, trying to stay off of CNN when you do something wrong and on when you think your right and ofcourse taking back handed deals.
My personal opinion to the solution of this economic crisis is very simple. If these companies need money, then they should go after everyone they gave multi million dollar bonus for doing such a good job of running the company into the ground and get those bonus back. Problem solved.
Now this is what kills me, see… these companies have been having problems for some time now and it’s been well known and documented. Yet, these financial companies kept giving out money and people kept reciveing as typical greedy politicians and executives do.
Looking at the list on public record:
Okay. So those are all democratic party leaders. Note that the list is not party specific, the republicans start showing up at number five… McCain is not even on that list of the top 25.
Now there is Hilliarly Clinton… okay, okay… we can just assume she’s going to pull the, “I did not know” card – it’s a Clinton style and tradition. But Obama? Come on… I thought you were representing change!!? I’m starting to think that the only change you’re representing is that of your color. Because I want to believe you are full of change, I want to believe you are full of hope… but everywhere I look your just a same damn old greedy politician. The more I dig for information on you, the less hope I see. I’m sorry… I’d like to believe a candidate is all about change and hope, but how can I put my hope into someone knowingly takes campaign contributions from a failing company that is going to ask for tax payer money? It’s like having my tax dollars feed your party. Well I’m a Libertarian and I don’t want my money in your pocket.
If you, Mr. Obama, were all about change and hope… you’d be giving back your campaign contributions AND asking for all those people who had multi-million dollar bonus to hand back the money the received. That is the real bailout solution.
The other real solution is bankruptcy, not bailouts.
Here is an excerpt from an excellent article on CNN – one of the few they have:
“The current mess would never have occurred in the absence of ill-conceived federal policies. The federal government chartered Fannie Mae in 1938 and Freddie Mac in 1970; these two mortgage lending institutions are at the center of the crisis. The government implicitly promised these institutions that it would make good on their debts, so Fannie and Freddie took on huge amounts of excessive risk.
Worse, beginning in 1977 and even more in the 1990s and the early part of this century, Congress pushed mortgage lenders and Fannie/Freddie to expand subprime lending. The industry was happy to oblige, given the implicit promise of federal backing, and subprime lending soared.
This subprime lending was more than a minor relaxation of existing credit guidelines. This lending was a wholesale abandonment of reasonable lending practices in which borrowers with poor credit characteristics got mortgages they were ill-equipped to handle.”
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