The respect is waining, as this man can't seem to take a stance and stick to it. "Pay as you go" is his mantra. Yet there's votes to raise the debt ceiling, votes for TARP, and now a vote for this new Bailout package disguised under the moniker of Stimulus Package. That's not even counting the man voting to shirk his own responsibility and give unlimited powers to the Treasury Secretary Paulson. Under the constitution, it is the responsibility of Congress to direct taxpayer funds...not one unelected official. This reason is simple...it's the same reason that's it's ridiculous that President Obama moved the census under the White House rather than in congress where it was. That reason is the reporting....the transparency that President Obama so eloquently speaks of, yet acts in odds with. Congress is required to disclose the reporting of how taxpayer funds are directed. However, Treasury Secretary as well as the White House, has no obligation to report everything to the public as Congress does. This is self-evident in the fact that no one knows where the first half of the TARP funds went, including Treasury Secretary Hank Paulson, or so he says...again he's under no legal obligation to report these things.
Yet I was holding out hope...and I need to make it my responsibility not only to call my representatives when they do something I don't like, but also when they do something I do like.
Unfortunately, in this case, all it took was a lunch with the President and a few phone calls from some retirees to sway his decision.
So where does this leave us? Where will we get this money that we are throwing down the crapper?
Most will tell you that we are going to borrow it. Borrow it from whom??? Not China...who said, "We hate you guys. Once you start issuing $1 trillion-$2 trillion [$1,000bn-$2,000bn] . . .we know the dollar is going to depreciate, so we hate you guys but there is nothing much we can do."
Not Russia...Putin is calling for a different global monetary policy and buying gold bars as quick as possible.
So that leaves Perhaps Japan and the Saudis. By the way...aren't we trying to get off their oil? Why would we go into debt to them??
OR...are we going to print it? Print trillions of dollars that can do absolutely nothing but devalue our dollar.
Has anyone of Capitol Hill thought this far in advance? Or is everyone too busy trying to "do something" to look past the next 20 minutes?
Who knows what the answer is. All I know is that our representatives in Washington know nothing of history and are completely shortsighted.
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5 comments:
Obama’s stealing the census from Congress has suddenly awakened and enraged the Republicans. Maybe this will arouse them as well to challenge Obama for stealing the Presidency itself. They surely know he is not an Article 2 “natural born citizen” (which is more than merely being a 14th Amendment “citizen”) by virtue of either Obama’s birth to a dad of Kenyan/British citizenship or birth in Kenya itself — as manifested by his unwillingness to supply his long form birth certificate now under seal.
Hi Ted, thanks for stopping by. I don't happen to buy into the not-being-a-citizen argument.
There are many things I disagree with President Obama on, but I find him to be a generally honest man.
I understand your point of view, but I suggest letting that one go and focusing on things you can affect. Just as he's said of President Bush's perceived war crimes by the uber left, we need to move forward.
Focusing too much energy on a conspiracy theory that Barack Obama, knowing full well that only natural born citizens can be President, made a decision 3 years ago that he wanted to be President and hid the fact that he's not a citizen is frankly a waste of time.
Besides, if that were the case, don't you think the Clintons would have found that quickly? I certainly do.
Don't hesitate to come back though, Ted. I welcome all kinds of dialogues.
Japan is having it's own issues now, horrible. So it looks like it the Saudi's and China because they need us just as much as we need them.
That's certainly the myth that everyone from above keeps telling us. But at some point, China's disdain for us will be stronger than their "need" for us. Unlike us, they have no problems with short term sacrifice to accomplish long term goals.
Lots to read here . . . I so have to catch up. :) Hope all is well.
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