Ya think it might be difficult, no impossible, for the government to figure out who's doing what with the stimulus (porkulus) package dollars? How 'bout controlling the money once it leaves the government printing press and lands in the coffers of various agencies and local governments? Hmmm... Is there any sane, straight-thinking person in the world who actually thinks that the government is capable of good oversight when it comes to spending our tax dollars?
Social Security. Welfare. The IRS. TARP. Anyone want to raise your hand and say the government is doing a good job in any of those areas?
Huge bureaucracy begets lack of communication, fraud, nepotism, favoritism, sloppiness, waste and the list goes on.
Now the prez wants to add more layers of bureaucracy and wants to increase government. He's also printing money like it came on rolls of toilet tissue. And, he's consolidating power in Washington DC so fast it should scare the pants off every American citizen who cares about our country.
Putting Joe-what number is the website for oversight please-Biden in charge would be considered comedy if this weren't such a serious matter.
Mr. Obama is playing games with our heads. He is saying one thing and then doing another. He's telling his media minions what they want to hear and keeping the general masses appeased with rhetoric.
Do you really think he's serious about oversight? Do you really think the government is capable of oversight? Do you really think he intended there to be good oversight?
Max Stier does a great job of pointing out many of the shortcomings in the purported oversight of porkulus in the following article in the Washington Post:
Serious Shortcomings in Obama's Oversight of Stimulus Spending
The $787 billion economic stimulus package has raised serious questions about the ability of our federal government to fulfill its basic duties, and will require more than just the close scrutiny promised by the Obama administration.
Hardly a day goes by without a headline disclosing the failure of a federal agency to carry out its mission because it is short-staffed, under-resourced and ill-equipped, or poorly managed. These are conditions that will inevitably worsen as the government is asked to dispense billions of dollars in stimulus money as quickly as possible.
http://www.washingtonpost.com/wp-dyn/content/article/2009/02/25/AR2009022503083.html?wpisrc=newsletter&wpisrc=newsletter&wpisrc=newsletter
Showing posts with label TARP. Show all posts
Showing posts with label TARP. Show all posts
Thursday, February 26, 2009
Friday, February 20, 2009
Banking Bailout vs Homeowner Bailout
I ranted last night about the newest bailout Mr. Obama is shoving down our throats (can you tell it wasn't a positive rant?). Rick Santelli's comments has started a taxpayer rally that is spreading like wildfire and I am on the bandwagon!
Someone left a comment on my post asking where I was when the government wanted to bailout the banks.
I was right here, same place. I was calling my elected officials telling the NO, NO, NO.
I have no idea where Rick Santelli was or what he thought about it.
I know that when all of this first started most of us were stunned. I don't know about you guys, but I didn't see the magnitude. My way of handling it would never have been to throw money at the problem.
Our government knew the problem started with housing, yet they chose to throw money at banks first? TARP is and was a fiasco. I will say however, that I do not agree with putting caps on salaries. I think it's fine to give the money and say that it can ONLY be used to give out loans to businesses and individuals, but I am NOT for nationalizing our banks.
Many point fingers at President Bush. Yep, he was right in there with Congress saying we have to do something. But you know what? They split the money and left it up to the Obama administration to decide whether to hand out the rest.
They did, and they mortgaged our kids future to add even more money that doesn't exist to the pile.
Then they heaped even more on with this irresponsible reward program for people who shouldn't be in the houses they're losing in the first place.
They are busily growing government at a clip that should scare the average person.
Rick Santelli's unscripted, from-the-heart rant has given ALL of us a voice. We've been out here yelling and screaming, writing and complaining. We've been calling our elected officials. We've been trying but no one has been listening. They're ignoring us.
The housing bailout for deadbeats (and yes, some who lost jobs and tried honestly and valiantly) may just be the straw that broke the camels back. The last crack in the dam.
I hope that video is on every blog in America by the end of the day. I hope everyone who's been frustrated with what's been going on stands up and yells loud and clear.
There is no difference between this bailout, the trillion dollar spending bill or TARP. They are ALL wrong.
Someone left a comment on my post asking where I was when the government wanted to bailout the banks.
I was right here, same place. I was calling my elected officials telling the NO, NO, NO.
I have no idea where Rick Santelli was or what he thought about it.
I know that when all of this first started most of us were stunned. I don't know about you guys, but I didn't see the magnitude. My way of handling it would never have been to throw money at the problem.
Our government knew the problem started with housing, yet they chose to throw money at banks first? TARP is and was a fiasco. I will say however, that I do not agree with putting caps on salaries. I think it's fine to give the money and say that it can ONLY be used to give out loans to businesses and individuals, but I am NOT for nationalizing our banks.
Many point fingers at President Bush. Yep, he was right in there with Congress saying we have to do something. But you know what? They split the money and left it up to the Obama administration to decide whether to hand out the rest.
They did, and they mortgaged our kids future to add even more money that doesn't exist to the pile.
Then they heaped even more on with this irresponsible reward program for people who shouldn't be in the houses they're losing in the first place.
They are busily growing government at a clip that should scare the average person.
Rick Santelli's unscripted, from-the-heart rant has given ALL of us a voice. We've been out here yelling and screaming, writing and complaining. We've been calling our elected officials. We've been trying but no one has been listening. They're ignoring us.
The housing bailout for deadbeats (and yes, some who lost jobs and tried honestly and valiantly) may just be the straw that broke the camels back. The last crack in the dam.
I hope that video is on every blog in America by the end of the day. I hope everyone who's been frustrated with what's been going on stands up and yells loud and clear.
There is no difference between this bailout, the trillion dollar spending bill or TARP. They are ALL wrong.
Labels:
bail out,
bailout,
banking,
bankrupt,
foreclose,
government,
home owner,
rick santelli,
TARP
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