There is no point in talking about ways in which we can improve government when we have a government that doesn't respect its laws and traditions because a country that ignores these will either become a banana republic or descend into chaos or Socialism.
Obama's recent elevation of the United Auto Workers demands over the Indiana bond holders' rights and the Supreme Courts' refusal to hear the case put us on a disastrous road. Who in this country now wants to invest and that is where we got the capital that made this country great.
The only solution to the problem before we can move forward with new ideas is to rid ourselves of Obama and go back to the free market, capitalistic and Constitutional Republic upon which this country was founded.
Comments (9)
Please, please stop with the "get rid of Obama" comments. Look, I'm a republican, I can't stand his programs either but he was elected, whether we like it or not, to be the Commander in Chief for 4 years. WE as Republicans, failed to present a formidible candidate to represent our party. I'm not throwing our Constitution, (although Obama is) to get rid of Obama.
Sandra:
Well said. The fact that Obama is totally disregarding the Constitution is a travesty. Thankfully people are beginning to see and his ratings are starting to decline.
The only way to improve federal government is to put it back in it's cage!
Sandra is right-on regarding investment and expectation. When 200+ years of established law is arbitrarily thrown asunder by a tyrannical government, in order to reward a favored constituency (the UAW) at the expense of others, then who can have faith that their own investments will not suffer the same fate that the secured investors in Chrysler experienced?
And as stated by onereckless1, we are stuck with the Bamster for another three years and five months, so it is our patriotic duty, during this period, to be the loyal opposition and neuter this mutt.
We can do that at the mid-term elections in 2010, but in the meantime keep your congresscritters' feet to the fire...they still need to be re-elected to keep their seat at the table of power.
I got news for you. There is no such thing as a totally free market. If there were, such things as pyramid or ponzi schemes would be legal. Regulation protects us from polluted air, land and water. Take a look at images of lakes, rivers and harbors before the those laws went into effect or take a look at images of China or Russia manufacturing towns and see how horrible they look.
Regulation also protects us from lead poisoning, contanimated food and drugs that work as they should and not kill us.
Corporations have become too powerfull and are not answerable to the average person. A senator recently stated that the banks own congress and so it will be hard to pass regulations to prevent what happened last year from happening again.
I think we're supposed to believe that "progressives" only want to restrict predatory fat cats, and have no desire to control the rest of us 24/7.
Sorry, I won't buy that!
you would have to be crazy to invest in any us company.
it is obvious any protection you once had is gone.
I have every expectation that the government will turn everything they touch into Amtrak.
Or the post office or GOVERNMENT MOTORS! Obama is BAD for this country... any country! The government has too much power. Back to states rights!
Hugs Sandra, (wonder if she is single)
Employee Retirement Income Security Act. ERISA says you can't seize workers' pension funds (whether monthly payments or health insurance) any more than you can seize their private bank accounts. And that's because they are the same thing: workers give up wages in return for retirement benefits.
Dimon is the CEO of JP Morgan Chase bank. While GM workers are losing their retirement health benefits, their jobs, their life savings; while shareholders are getting zilch and many creditors getting hosed, a few privileged GM lenders—led by Morgan and Citibank—expect to get back 100% of their loans to GM, a stunning $6 billion.
Steven Rattner, Barack Obama's 'Car Czar'—the man who essentially ordered GM into bankruptcy. Rattner is demanding the bankruptcy court simply wipe away the money GM owes workers for their retirement health insurance. Cash in the insurance fund would be replace by GM stock. The percentage may be 17% of GM's stock—or 25%. Whatever, 17% or 25% is worth, well ... just try paying for your dialysis with 50 shares of bankrupt auto stock.
With GM's last dying dimes about to fall into one pocket, and the Obama Treasury in his other pocket, Morgan's Jamie Dimon is correct in saying that the last twelve months will prove to be the bank's "finest year ever."
Grand Theft Auto: How Stevie The Rat Bankrupted GM. Link: http://www.officialwire.com/main.php?action=posted_news&rid=4848