It’s interesting how things change over time.
One of these these things is not like the other. Three of the men to the left have proven without a shadow of a doubt that they are incompetent, criminals, or both. Chris Dodd received favorable treatment from CountryWide during the time that he was condemning “companies that form the foundation of our financial markets.” He also demanded that the “American taxpayers deserve to know how we arrived at this moment.” So do I. Speak up Mr. Dodd, I can’t hear you.
Barney Frank is a Fannie Mae apologist that has made plenty of money thanks to this government organization. When the Bush administration proposed much tighter regulation of the two companies, Frank was adamant that “these two entities, Fannie Mae and Freddie Mac, are not facing any kind of financial crisis.” When the White House warned of “systemic risk for our financial system” unless the mortgage giants were curbed, Frank complained that the administration was more concerned about financial safety than about housing. saying ” Want a do-over Mr. Frank?
Tim Geitner is being ripped around the globe as the Boy Non-Wonder. Someone please explain to me how a man that couldn’t figure out how to use TurboTax is capable of turning around the most complex and powerful economy on Earth? (He can’t blame TurboTax, he knowingly hid income. Not only is he clueless, he is an arrogant criminal.) At least he’s seeking help from the citizenry.
But despite the wrongdoings, misgivings and criminality of their behavior, Dodd, Frank and Geitner are still gainfully employed. Not so for GM CEO Rick Wagoner. Just to be clear: I am not supporting Wagoner. He lead GM for six years and the company has nothing of value to show for it. He enjoyed his stay and will certainly enjoy his golden parachute (all big-time CEO’s have them, just wait for the press to get the details on his). But to be fired by the president is a sign of horrible things to come. This is socialism. America has made GM its bitch. Apparently Barack Obama wants to be Donald Trump and now he’s firing people. How far will the governments tentacles reach out? Where will the line in the sand be drawn? And, if Wagoner is supposed to take the fall as part of GMs willingness to receive our bailout money, why isn’t Ron Gettelfinger, president of the United Auto Workers Union not being asked to step down. When it came time for the “big three” to try and improve their situations, Gettelfinger had no interest in cooperating. Yet he too is still employed.
In this upside down Obama-Nation, I guess that makes sense.
Just a short comment here: When the government starts knee-jerking and voting to tax individual citizens based on the bonus that their employment contracts guaranteed them we need to worry. If CONGRESS would READ the bills that they SIGN, we might not be in this situation. But when you have a financially ignorant President scaring America and trying to get the masses to approve of massively stupid financial actions, you are setting yourself up for disaster. While paying bonuses to employees at a company that lost $61B last quarter may be obscene and offensive, drafting tax law to single out American citizens by name is legitimately INSANE. It sets a scary precedent, who will they tax next?
Loading ...
