Wednesday, February 18, 2009
As I watch the politicians manage (or mismanage) our economy, I feel like I am watching the Wizard of Oz. President Obama is much like the wizard..."Don't pay attention to the man behind the curtain". Nancy Pelosi is like the Wicked Witch of the West, "I'm going to get you my pretties". I don't think fixing things will be as easy as clicking our heels and saying, "There's no place like home...There's no place like home!" I think everyone is beginning to feel like a squished munchkin!
Tuesday, February 10, 2009
Do you realize that the economic team that President Obama has assembled to guide our faltering economy actually oversaw its downfall? Lawrence Summers, his economic advisor and Tim Geithner, his treasury secretary have both been involved in the nation's economic structure for well over 10 years. How he could trust these two to shepperd the economy is beyond me. Throwing money at the problem is not the answer. Our credit markets are in a mess because money was lent to people who couldn't pay it back. This was encouraged and to some degree, required, by the Community Reinvestment Act that stipulated that banks must lend in areas and to people that had a horrible track record in regards to lending. Greed and outright stupidity are the culprits of this mess. Much like humanity pays for sins because of Adam's deliberate sin, our children will be paying for our mistakes. Just my two cents....