HappySqurriel on 03 April 2009
| psrock said: It may be Obama is spending too much, the problem is you guys don't have an answer either. I'll take my chances with some one who actually looks for average people instead of the previous president who took care of his rich friends. |
While this is good rhetoric its not really accurate ...
What I mean is that there are things that you could look at and say that Bush was helping out a particular individual or group while "Screwing" the average people, but Obama is on the path where the same kinds of arguments will probably be made about him.
A couple of examples of this are:
- Banks that were bailed out through TARP have applied to buy the (potentially government subsidized) Toxic assets at a major discount, repackage them and sell them to investors for massive profit. All of these banks have donated millions of dollars to high ranking democrats (including Obama) and most of Obama's cabinet have close ties to executives in these banks ...
- The federal government has taken on the role of both judge and receiver in the imaginary-bankrupcy of the automobile industry ... Realistically, if these companies filed for Chapter 11 they would probably be able to survive (and potentially thrive) after contracts between their lenders and the unions were restructured and everyone would take a hit; under Obama's "restructuring" it is plausable that the Unions will be left alone which (being that they heavily supported him) would leave it open to interpretation that he was helping his friends again.
Whether you want to admit it or not, the "Average People" will not benefit from these two moves and will end up paying the bill for them.
