A lot of things sound good when said, but are not possible in reality. Tax cuts for 95%? 50% paid no tax to begin with how can they get a cut? Call it what it is welfare. The free flow of credit is paramount but continued meddling with banks is not helpful. Is that not what got us here, being forced to give loans to people who could not afford them? Though it might not be popular no one can argue that not all people can take on that type of responsibility and see it through, the same can be said for higher education, we can’t all be doctors and lawyers. Class envy and an unrealistic ideology will lead to only one thing socialism. The easiest path is seldom the best. The best and brightest will lead us out of recession but they seldom work in government do they?

The Associated Press has done some fact-checking on various Obama statements.  Some are trivial, but some are serious.  For instance, “If the administration has come up with a way to ensure money does not go to home buyers who used bad judgment, it hasn’t announced it.”  The AP also points out the questionable assertions on cost savings and job savings or job creation.

Dawson, how is the government meddling in banks?  I’m gathering you are opposed to encouraging banks to lend to businesses.  That’s the nature of credit.  It’s not being “helpful” actually indicates that banks don’t know their long term interest.

Who forced who to give loans?  The CRA had been around for a long time before the disaster was on the horizon.  What “forced” people to create NINAs and the like was the promise of great returns.  Do you normally reject great returns? 

Class envy?  Not wanting your pensions slashed is class… envy?  wanting good health care is class envy? 

Do the best and the brightest work in government?  Some people do believe in public service, and decide that public service is more important than personal wealth.  They choose to work for the public, and in exchange get a reliable pension and health care. 

Others really hate the government and don’t want the best and brightest to work there.  For example, for 8 years we had people who didn’t believe in government running the government.  They had no incentive to run things well, because they didn’t believe that government could work.  Expectations produced the results they wanted. 

If you don’t want government to work, it won’t.

The federal government has no business owning a stake in a private co.  It only leads to the kind of micro management that we are starting to see now. Business has to be free to create to advertise and to grow. Those things are not possible under too much government ownership, too many cooks to stir the soup. They were maybe not forced to give bad loans but certainly coerced, Fannie and Freddie [ the government]  bought up bad paper at an alarming rate speeding the collapse as things went soft. Yes, Bush had some blame but it is no reason to surrender to socialism being spread now as the only fix.  As far as pensions and health care both are freedoms certainly not constitutional rights. Bad choices by some individuals should not necessarily punish all. To prop up the weak only stalls the inevitable, harsh but reality.

#3 “If you don’t want government to work, it won’t.”

So that was Lyndon Johnson’s secret agenda.  Good to know.

Dawson, “Business has to be free to create to advertise and to grow.” and FAIL.  Putting a safety net under businesses only encourages increases in bad decisions with citizens picking up the bill, this is what we are seeing now!

exactly!