Showing posts with label Henry Paulson. Show all posts
Showing posts with label Henry Paulson. Show all posts

Saturday, January 24, 2009

An Open Letter to FoxNews

I don't think that any of the opponents of the Stimulus Package are looking at this proposal in the same vein as they did when President Bush proposed the cutting of taxes and allocation of the 1.3 trillion surplus that was left by the Clinton administration. This Stimulus Package has been labeled 'socialistic', but the doling out of the surplus was considered to be the right thing to do - not socialism. Bare in mind that it was not the middle-class that received the bulk of the money; it was the rich - those making over one hundred fifty thousand dollars.

The Stimulus Package is supposed to generate jobs, put cash in the country's economy, and support small business. The size of it can be directly attributed to the delay in implementing the 'TARP' in a supervised manner. Henry Paulson did exactly what he said he wanted to do with that money with Congress and President Bush allowing that crime to go unpunished. Paulson stated before Congress that he wanted this money with the freedom to distribute it to whomever he deemed worthy without any over-sight. Even though he was told to give feedback to Congress, Mr. Paulson did exactly the opposite with Congress and George Bush looking on approvingly.



Now the Republican component of Congress wants to present a fiscally responsible profile after supporting, over ninety percent of the time, the Bush agenda when it came to spending with no restraint during Bush's term in office. While I have no qualms about the position of the Republican legislators, I question their resolve to constrain the efforts of President Obama when they didn't do so in time enough to have averted the current economical mess that we are experiencing. I question the blocking of this package by the Republican Congressional members without a constructive alternative that meets the needs of 'all' of America.

Closing Guantanamo is the right thing to do. They closed Abu Ghraib after what can surely be considered to have been the greatest embarrassment to the United States image, why not do the same with Guantanamo. Let me make myself clear, I don't want to see these detained people freed without some forethought. I believed that the Obama administration has done that. I believe that torture is not to be condoned under any circumstances - remember, what is done to American held prisoners can easily be done to our soldiers in the custody of the enemy. I believe that the delay in bringing the Guantanamo prisoners to trial has created an atmosphere of mistrust and injustice - yes, the inability to have brought these people to a speedy trial is the real mistake.

Lastly, I want to remind Fox News that despite your claims to being factual and bias-free, America does not see it that way. Bill O'Reilly, Glenn Beck, and the infamous Mr. Hannity set a poor example for fair practices in journalism. I value your ability to be among the leaders when it comes to breaking news; you rival CNN in that phase of broadcasting. However; your bias insistence in supporting the Republican agenda is nothing short of irresponsible and a detractor. FoxNews and its commentators aren't going to change, and I understand that. The nature of your agenda destines you for the same fate as the Republican Party - disfranchisement, if you can’t appeal to the new majority in America. The new America is a thinking public with none of the biases that can categorize by our past.


In a democracy, silence is not golden; it is condonance in the face of injustices; it is fear, where the thought of reprisal fosters control - Rodney A. Davis

Thursday, November 13, 2008

The Slippery Eel That Is The Economy

With each day I read the tea leaves in the bottom of my teacup and instantaneously I have a panic attack. I don’t know about you, but this is not looking good at all. The Stock Market is not my barometer as to what the economy is doing, but it is never far from wrong. I check the reports from Wal-Mart to get an indications of where the country is going – don’t laugh! Think about it, if Joe the Plummer isn’t buying the best that he can purchase for the lowest price that he can find, Wal-Mart is where he will be for the best price.

When the Republicans decided to give away the money in the bank, where did it show up in the realm of economical statistics – within the stats put out for Sachs-Fifth Avenue that Christmas. Sachs had a seasonal increase of five percent in sales while Wal-Mart had a decrease of one point five percent. Clearly those that have the money will spend it, and predictably so in the places where it is indicative of who is spending of the money. Rich guys don’t go to Wal-Mart!

Secretary Paulson and the SEC guy – Christopher Cox have said with emphatics that they need ‘Bailout’ money to buy the bad debt from the banks and make the world start to go around again. Noticing that the world has not started to go around as predicted since we gave those two ‘hamburglers’ the money, I have to wonder if they really intend to give banks any money. On yesterday, Henry Paulson said as much. With seven hundred billion dollars of our money that he promised that he would spend a certain way that we all thought would be the right plan as stated by them, this guy is suppose to be doing what he said he was going to do. But he isn’t and he is telling us that he isn’t going to do what he said he was going to do – to boot.

Hank Paulson and his department are blowing the money and we are all watching as these guys do it. No money is getting to Main Street. No money is being used to take the toxic debt away from the banks. No money is going to people that want to make loans. Money is going to all the wrong people… shareholders, to finance the buying of other banks, to banks that don’t even want the money, and to, of all people, AIG. Why is the Bush administration allowing this BS to continue without complaint? Why isn’t Congress lamenting this gross misuse of government funds for frivolous crap?

Well, you have been placed on ‘Red Alert’ regarding this issue and as usual no one will shout out to their Congressman about this until it is too late. When Congress comes back to ask for another trillion to rescue the banks, you will know that you have been robbed by a sly slick criminal while you watched daily!