Financial Reform is on every one's minds now-a-days. It is on every news station you turn to. Every newspaper you read. It is even a topic I am passionate about.
Mr. William Daley the White House Chief of Staff and a former executive for JP Morgan Chase said today on Meet The Press "The normal average American is feeling it." Feeling what you might ask? Feeling the higher gas prices. The national average now being $3.50 a gallon. Why? Some might argue that it is the higher demand in the world. Others might say it is because of greed in corporate America. Whatever your position, it is not the only issue that is causing our financial crisis in America today.
According to A Wall Street Journal Poll 37% of Americans polled "Top Priority For The Government" is job creation and economic growth, while only 22% of Americans polled top priority was the deficit and government spending. And get this, only 12% of those polled top priority was health care. So what does this mean for us? Well It means a lot more confusment, arguments, and politics.
According to Daley, "Nobody has taken steps to that," speaking about the President and balancing the budget. I am sure I don't necessarily agree completely with this statement. However, when Daley went on to discuss the things that was driving the deficit, he made this statement: "Social Security is not the big driver of the deficit right now. We have to strengthen Social Security for all the recipients of that." I do agree with his position on this subject. I am a disabled American. However, I can not get Social Security Disability because of all this mess. There is just not enough money. Though the Judge would not say so on the record. He did make a statement off the record stating just that. He did, however, state in my written decision that I was a "severely disabled" individual, but could do "sedentary" work. Hence the fact I became a writer.
Than we have The Tea Party. Folks like Michelle Bachman (R-MN) head of the Tea Party Caucasus and very out spoken on what she refers to as "Obama Care" and refers to the current administration as a "Gangster Government."She said in her interview with David Gregory, "It is shocking the revelations all the money that has been spent. There was a Congressional Research Service Report that was issued in February and we discovered secretly, unbenouced to Congress over 100.5 billion dollars was hidden in the Obama Care legislation to fund the implementation of Obama Care. This was something that wasn't known. The money was broken up and hidden in various parts of the Bills. We have worked hard to discover 61 billion in cuts we could put forward and give to the President, so in effect we have taken one step forward and two steps back. Because we have found 105 billion it has already been implemented or appropriated." Later she added when asked about if she was willing to see or participate in a government shutdown, which I found interesting, funny, and absurd, "Members of Congress didn't know this money was in the Bill because we couldn't read the Bill before it was passed because it wasn't given to us but hours before we had to vote on it."
OK hold on a minute! Are you telling me that a group of educated grown adults can't speak up and say "wait a minute, we need more time to look over this before we vote on it." Come on! Do you really believe that the American Public is going to buy that excuse? Are you not Big Boys and Girls? Who were voted into office to be responsible constitutes. In my view that makes you just as responsible for that 100 billion if not more responsible because you were sloppy, and allowed yourselves to be bullied into a vote.
Michelle Bachman you can't have it both ways, sorry to say. What troubles me most about you and your comments isn't not necessarily your obvious racist remark referring to the Obama administration as "The Gangster Administration." No, it is when you said "the day before the President took office gasoline was $1.83 a gallon. In What state? I would love to have been living there at the time. As I remember it I paid well over $2.30 a gallon in gas during the Bush administration and it didn't go down till Obama took office. It wasn't till recently that it has gone back up. Sorry you can't blame everything on Obama, no matter how hard you try.
Even Bachman's statements on how President Obama handles the trouble with Gadhafi "is troubling." However, she agrees that we should not only listen to Gates and Petraeus. Excuse me Mrs. Bachman, who do you think the President advisers are on this matter? Seriously? I understand you are concerned like many Americans are about how much we depend on borrowing from other countries, but you really can't make a statement such as "its troubling how the President is responded to the situation in Lybia," and then turn around and agree with what his advisers are telling him he should do.
Michelle Bachman did say one thing I did agree with when talking about our deficit. "That can have national security implications. We don't serve our American interest well when we put our hands into creditors." She is correct. We are supposed to be the most powerful nation in the world yet we must continually borrow our way out of debt just to create more of a deficit for ourselves.
I don't know about most of you out there but I am so sick and tired of Politicians!!! I hope Bill Daley is right when he said speaking about the President, "He is not going to play the Washington games. I think we have had enough in the last two years and people are sick and tired of it. They're tired of the partnership and if anyone thinks out of this last election. The American people were voting for more partnership, more saying no. Their going to have a rude awakening in the next election. Thank you Mr. Daley for clearing up what most of us already knew...it will be politics as usual.
Most Politicians are CEO's and we have to start facing the facts. The also run the Justice System. Most Judges are "elected officials" are they not? I understand William Daley a former Executive for JP Morgan Chase disagrees. After responding to Charles Fergusons' statement (Director and Oscar winner for the documentary for "The Inside Job) "Forgive me. I must start out by pointing out that 3 years after a horrific financial crisis caused by massive fraud, not a single financial executive has went to jail and that is wrong." Daley's response to this was, "The Justice System should take its place. A politician should not be engaged, or say who should be prosecuted and who should not. That's not a responsible thing to do. You've got a number of Justice, Attorney Generals that are moving forward on cases that are legitimate. The President felt very strongly and that's why he fought so hard for financial regulatory reform. That system has to change. Most of the laws that are worked under were enacted were closer to the Civil War than to this Century."
So who do we turn to? If the Judges are also indeed truly elected officials, hence also politicians, than they to have a stake in whether or not to move forward to prosecute the executives. Most Politicians have worked with big corporations to help raise funds for their campaigns, so they don't want to take them down. And of course, their are the Politicians that are already CEO's or former executives and have special interest in these corporations that are raising prices on the "normal person."
Let's face it. This problem will not be solved over night. But until we face the truth and the facts nothing will change. Reform by definition is "a campaign aimed to correct abuses or malpractices." All I see here is more abuses and continuing malpractices being allowed to happen. The question is what are we going to do about it? Who will rise up and save us from ourselves?
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