I am so glad I did not waste a hour of my life watching Obama's same old teleprompter reading last night. He never touched on the economy from what I hear but had enuff time to field 13 questions all about nothing except 1. Maybe Obamas stance on oborton will be his down fall, The right to life people swing a very large stick & have been known to blow people up
I cut this from clear politics on Obamas 100 days
Nowhere is the Obama vision of government interference more evident than on the banking front. The White House and Treasury are using TARP as a bullying club to force government control on the country's financial institutions. There is no exit strategy; no endgame in sight. Quite the opposite: News reports suggest that six major banks could be subjected to government ownership, putting them in the same club as Fannie Mae, Freddie Mac, AIG, GM, and Chrysler. This reminds one of Francois Mitterrand, the former socialist president of France. It's way outside the American economic tradition.
And TARP itself is riddled with criminal-enterprise undertones. According to Special Inspector General Neil Barofsky, the $700 billion TARP program -- which has ballooned to more than $3 trillion in spending, loans, and loan guarantees -- is "inherently vulnerable to fraud, waste and abuse." Barofsky already has opened 20 separate TARP-related criminal investigations and six audits into whether taxpayer dollars are being stolen or wasted. Rest assured that they are.
Economic recovery is still likely in the second half of the year. And President Obama will claim victory for his big-spending policies. But the reality is much different. Massive Federal Reserve pump-priming is moving the economy from deep recession to some kind of recovery. Meanwhile, the combination of deficit spending and easy money increases the threat of stagflation
http://www.nydailynews.com/opinions..._believes_so_completely_makes_me_nervous.html
