Friday, March 20, 2009
Wake Up American People
With all the serious economic stuff going on in the world today, we Americans spend our time talking about the most stupid stuff. Let me amend that to the people on TV that are still talking about such things as the AIG bonus, and the fact that our President can walk, talk and chew gum all at the same time. Thank God for college basketball and March Madness, so I have a reason to turn the channel from all those cable news shows. Oh, and a few Republicans have found fault with President Obama for taking the time to fill out his brackets for the college basketball championship. I guess after the last eight years, it is frightening to think that our President could walk, talk, chew gum and fill out the brackets for the college basketball championship all at the same time without causing his brain to have a hernia.
Being a critic is so much easier than actually creating something, so I guess it would follow that there are more critics than doers. TV political analysts know very little about economics, the financial markets and how they operate, and yet they have the soap box.
The Republicans, many of them are in Congress, have criticized President Obama and the actions he has taken to bring this nation out of our recession. It would be nice if the American people had an opportunity to hear more often from real economic professors that understand the financial markets as well as macroeconomics.
Our President is doing a good job. Let us give him the support to bring our economy back on track. And then, hopefully the members of Congress will put laws in place to prevent another meltdown of these proportions. Deregulation, lack of oversight and transparency does not work, and it is time for the American people to wake up to this reality. This is why your 401-k is a 201-k. People that work hard their whole lives do not deserve to be made fish being shot in a barrel, or marks for a financial mugging by the greedy people on Wall Street. It is time for ordinary people to wake up to the fact that Wall Street in conjunction with Congress did this to the American people. Unless people wise up to this fact, the laws that will prevent this from happening again will not be written.