Our Political Times

It is troublesome to read and hear from the news media that Capitalism is dead or that it is the cause of all our problems. But the truth of the matter is the fact that the government’s meddling into the free market is the major problems we have today.

They had to have everyone to have their own home whether they could afford it or not. Now look at the mess.  People, who worked hard and qualified for loan to buy a house, now are living in a home that is worth less than they bought it.

In a free enterprise system, companies make choices.  If the path they choose is the wrong path than they must go into bankruptcy and reorganize to become a slimmer and more focus company. You don’t have the government bail you out. It is not the tax payer’s money that should be bailing out companies. That is the company’s responsibility.

It is all to clear that direction the country is heading needs to be changed and as soon as possible.

The United States is drawing closer to the kind of debt crisis plaguing some European countries, where a financial emergency forces political leaders to make draconian spending cuts and tax increases to maintain the confidence of international investors.

Moody’s, a top Wall Street credit agency, brought the U.S. closer to such a point this week by, for the first time, warning that the U.S. could lose its gold-plated AAA credit rating in coming years unless it quickly puts into place plans to curb budget deficits of more than $1 trillion that have the potential to destabilize government finances and the financial markets.

“Unless further measures are taken to reduce the budget deficit further or the economy rebounds more vigorously than expected, the federal financial picture as presented in [President Obama's Feb. 1 budget] will at some point put pressure on the AAA-government bond rating,” Moody’s said in a report Tuesday.

Mr. Obama and Senate leaders, during negotiations last month over a $1.9 trillion increase in the government’s debt limit, had hoped to put into place a process for coming up with major budget reductions by creating a bipartisan commission to recommend ways of reducing the debt that Congress could consider by the end of the year.
From: esposeobama.com

The federal goverment has a slick way of getting money for their high cost programs.  They simply print money and give it to the banks and borrow it back at 3% interest.

It is about time to begin using this blog. Some many things have happen in the US political world that questions need to be discussed.  Look here shortly as we begin to discuss the important issues of our time.