The following note does not kiss Obama's ass. When I express these views some people think I've just pissed on the Bible or something. If anyone doesn't want to hear a counter argument to Obama please pass this over.
Your description of Obama being slow and deliberate is something I just can't agree with. As soon as he got into office he started printing money and throwing at every problem in the economy without actually looking deeply at the problems. He threw billions at the banks without taking the time to make sure there were safeguards and checks in place to make sure it was actually spent in a way that would stimulate the economy or provide mortgage relief.
He threw money at the auto companies when they themselves said it wouldn't be enough to save them and without any requirement that cost cutting be done overseas to save American jobs. Money after money was thrown at GM only to now have them owned in majority by the US taxpayers and still going through bankruptcy. When governments own private companies which are run privately under the watchful eye of big brother that is called facism. We have a bankruptcy process for a reason and it should have been used. GM would have emerged from its financial crisis far sooner and with far less cost to my grandkids.
I know that Obama has good intentions. I know he wants to do the right thing. I want to have hope. I want to believe. Yes, I voted for him. But I know that very very soon we are going to be looking at the inflation of the 1970s very closely because we are going to be copying it. Before the Depression we printed tons of money with no backing and the dollar crashed. During and after World War 2 we did the same thing with the same result. The dollar lost value. In the 70s we did it again and the dollar lost even more value. Now the dollar has lost 95% of its value since the Federal Reserve began printing money willy nilly. And yet we keep printing more and more of it. Obama is continuing in the same pattern that his predecessors did. He is not learning from history and we are doomed to repeat it. Printing new money isn't the answer nor is opening new credit cards with the Chinese every time someone in a suit holds out their dish and proclaims, "Please sir, I want some more."
So for me the glow has worn off Obama. People say he hasn't had much time to do what he needs to but I'm not very impressed with what he has gotten done so far.
no subject
Your description of Obama being slow and deliberate is something I just can't agree with. As soon as he got into office he started printing money and throwing at every problem in the economy without actually looking deeply at the problems. He threw billions at the banks without taking the time to make sure there were safeguards and checks in place to make sure it was actually spent in a way that would stimulate the economy or provide mortgage relief.
He threw money at the auto companies when they themselves said it wouldn't be enough to save them and without any requirement that cost cutting be done overseas to save American jobs. Money after money was thrown at GM only to now have them owned in majority by the US taxpayers and still going through bankruptcy. When governments own private companies which are run privately under the watchful eye of big brother that is called facism. We have a bankruptcy process for a reason and it should have been used. GM would have emerged from its financial crisis far sooner and with far less cost to my grandkids.
I know that Obama has good intentions. I know he wants to do the right thing. I want to have hope. I want to believe. Yes, I voted for him. But I know that very very soon we are going to be looking at the inflation of the 1970s very closely because we are going to be copying it. Before the Depression we printed tons of money with no backing and the dollar crashed. During and after World War 2 we did the same thing with the same result. The dollar lost value. In the 70s we did it again and the dollar lost even more value. Now the dollar has lost 95% of its value since the Federal Reserve began printing money willy nilly. And yet we keep printing more and more of it. Obama is continuing in the same pattern that his predecessors did. He is not learning from history and we are doomed to repeat it. Printing new money isn't the answer nor is opening new credit cards with the Chinese every time someone in a suit holds out their dish and proclaims, "Please sir, I want some more."
So for me the glow has worn off Obama. People say he hasn't had much time to do what he needs to but I'm not very impressed with what he has gotten done so far.