Now not being left nor right or part of any political party, I feel the criticism of our current President must decrease dramatically. President Obama stepped into office in one of the darkest times, economically, that the country has seen in a long time. Now going into the election I would not doubt that President Obama knew exactly what the current financial shape of the nation. I do also suppose that he had a plan to relieve those struggling with these issues. Has he done a great job...eh...no. Has he had the support of the senate and the house and these decisions, yes. The stimulus has backfired to a degree that would make the right-winged fear-mongers say "I told you so." AIG executives have take bonuses as they receive relief money. CEOs have taken private jets as their companies struggle to keep their heads above the chilly red waters of bankruptcy. On paper the stimulus plan seemed edgy at best. I think of it as a lack of responsibility. Now for those who aren't really aware or understand the causes of the our financial problems, let me try and explain it to you in these terms. Imagine that I let you borrow $50, but in exchange for my generosity, you promise to pay me back the $50 with an extra $10 in interest. To make sure you pay me back, I take your Princess Diana Beanie-Baby as collateral. I know your thinking, my Princess Diana bear in is the attic and I totally forgot about it. Yes you did but at the time it was the world to you, you thought that hey if I can't find $60 to pay you back then I'll just give you my bear, that's worth like $100 bucks.
Well guess what, Beanie-Babies are worth ish anymore. And oh no, you still owe me $60. So what do you do? Well of course you say hey I can't pay you back so you can have my bear. And I say, "Hey this bear is only worth $25, and that's only if I can find someone to buy it. Who loses here? Of course I do. I'm stuck with a bear that no one wants and I'm out $35 when I should have made $10. So want to we learn? Don't lend money to stupid people. Kinda. At the time I thought that bear would be worth money for a while. But the market dropped and I'm out money. Now replace the $60 with like $300,000 and replace the bear with your house. I was the bank and I'm out a lot of money. Well I need to keep living so I go ask my dad, Congress and President Obama, to bail me out so I can buy books for school or something like that. You see the problem here. I was a bit greedy relying on a unstable market. Now what should the government do? Bail out or ship out? I say ship out. The free market will self adjust. Now Troy what does this have to do with presidential criticism? Well my dad, President Obama, wants the best for me so he will give me the money thinking I will get myself back on track. Instead I go and take that money and buy a very expensive bike. Is it my dad's fault for taking mercy on me. I wouldn't think so. Nor do I believe that all the media monkey's pointing and blaming is doing anything to help the thousands out of a job. In a system of government where the power derives from the people, we really need to choose what kind of power we are sending up the democratic latter. We are dealing with a situation that the White House hasn't seen with Roosevelt in the 30's. Obama is the head of a failing country and is the only source we can look for change. The bottom line, let's not hurt but help. Let's look towards a brighter future rather than wallow in what-if's and should of's. Because its better done than said.
Friday, March 27, 2009
When I think of change...I picture Obama
Posted by Troyce at 4:27 AM
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