Saturday, February 28, 2009

Let me get this straight

I am attempting to understand something, the economic problem. It’s the banks fault that people took out mortgages they could not afford. It’s President Bush’s fault that the economy is messed up.

First off to those who blame the bank: SHUT UP. You took out the loan. The bank did not make you take the money. It is time for people for take some of the responsibility for themselves. We do not get to blame all of our problems on everyone else.

Second to those who want to blame President Bush: CHECK YOUR FACTS. The amount of income per family has not gone down it has actually increased. However during the Clinton era there was a large boom in HMOs which cost less. The problem was the HMOs did not provide quality health care, so people began to switch providers. These other providers cost more.
Clinton surplus vs. Bush deficit - http://www.craigsteiner.us/articles/16 Enjoy this article. Did Bush spend more money? Yes. He had to fund a couple of wars. Please do not debate the validity of either Iraq or Afghanistan. Obama is increasing the number of troops in Afghanistan and still has two other major foreign issues on the horizon to deal with North Korea’s “satellite” and Iran’s “satellite”. Plus he has already increased the number of drone attacks in Pakistan. So with these issues coming up what do you say we withhold judgment?

I am not judging Obama, we cannot do that yet. All the same we should watch where “our” stimulus money is going http://www.recovery.gov/ . Also, http://www.washingtonpost.com/wp-dyn/content/graphic/2009/02/01/GR2009020100154.html , some more good info on that package. Do not forget that any money the government gives us back like all previous stimulus packages, that money will be taxed in the future. The government will get it back. They government does not do anything for free.

Until Tomorrow

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