The president's speech yesterday hit a bulls-eye and I am thrilled. I want to write more about it but do not have time. Is my faith being restored? Is it TRULY morning in America again? I HOPE so.
Moreover, the best headline is on Huffington (link below) I am NOT jumping the gun into ecstasy as ACTIONS speaker louder than words but at LEAST someone is MAYBE addressing this financial and economic debacle that put everyone -- states, workers, the middle class EVERYONE except those in the capitol of greed who were the ONLY ones to make BILLIONS while EVERYONE else was sent into the red. After analysis when I have time I will blog my thoughts but another blogger said it all:
Who hasn't believed that super big financial institutions have driven this nation, world actually, to the brink of financial collapse.These "too big to fail" near monopolies have run unchecked through lack of government regulation and oversight.The Wall Street speculators continue as we speak,manipulating gasoline prices to the detriment of our economy.It has been a rigged game,controlled by those that benefit through lobbyists handing out fat campaign checks to buy politicians.These hearings need to be more than window dressing. They need to be jail terms handed out,especially where the mortgage fraudsters are concerned.
More importantly however,this serves to illustrate to those who either don't care,or just don't get it,that we need government regulation. Those who cry for smaller less intrusive government,obviously haven't had their savings wiped out,or there houses confiscated.Some of these same mouthpieces for less government,are calling for government intrusion into your private lives and bedrooms.In more extreme cases,they are trying to insert government into your bargaining rights,or saying that if you are overweight or unhealthy,you can forfeit some medicare benefits.In another instance,they want to force you to hand your medicare or Social Security over to the private sector which has proven untrustworthy and irresponsible already through lack of government oversight.
Many have been fooled by these so called "patriots",speaking on behalf of corporate and special interests lobbyists....I for one am not!!
For now I am compelled to react. The headlines read (link to it below):
SENATE PANEL GOES AFTER GOLDMAN
Blistering Report Scolds Goldman Sachs, Lambasts Financial System Flaws