If you think Obama will save America, you have to believe in miracles. We are a bit more pragmatic. Real action has to be taken. Obama and the Democrats have done nothing but spend money. Liberals cry about the debt brought about by the GOP and the war, but Obama and the Democratic Congress have committed to spending more in several weeks than government did in the last 8 years including the expense of the war.
During the campaign, McCain called for the SEC Chairman’s head on a platter. That would be a start. Obama promised to bring back regulations to help our markets mend. Not one regulation has been forthcoming and all could have been easily passed into law by now without spending a trillion dollars on a massive so-called stimulus package. The complacency seems to imply either the total inability of government to act, or worse, an intent to bring down our financial markets.
The government stimulus philosophy is misguided. Bail out the criminal institutions, pay down the mortgages of the irresponsible and raise taxes on the middle class to pay for it all, after they watched their savings dissolve trusting the government and the institutions we are bailing out in the first place.
Democrats and Republicans alike made this mess. It is government’s fault. Alan Greenspan, Barney Frank and George Bush all are to blame. In his campaign, Obama made promises to reinstate regulations and to use responsible fiscal policies. So far, Obama has made no indication he has any clue how to address the problems and has been anything but responsible. Our markets are continuing to crumble at an astronomical rate and they are demonstrating how inept Washington is when it comes to protecting American citizens. No action has been taken to stem the tide. None. If the slogan is “Yes We Can”, we would like to ask, “When Will You Start?”.