Rage Against The Machine.....

As you all know the economy is in the forefront of the political news again today. I’m sure that this comes as no surprise considering it has been there since before the November 4th national election that saw Barack Obama catapulted into the White House. It was actually the economic crisis that helped to secure the oval office for the new President who ran on a platform of change, transparency, and a new style of governance for the American people.

Of course what we have actually seen from party in power both on the hill and at 1600 W. Pennsylvania Ave is definitely a new style of governing. We have seen an administration riddled with scandal over cabinet appointees and nominees who have done everything from cheat on their taxes, to awarding state contracts on the basis of contributions to their campaigns. Not to mention some who outright admit to being socialists with socialist agendas.

We have also seen the biggest increase in spending programs ever by a President in his first 100 days in office. We have seen monster bailouts of our banking institutions with a thinly veiled attempt at the nationalization of those institutions. We have also started bailing out the big three that make up the Detroit auto industry. We are also bailing out insurance companies, mortgage companies, and credit card companies.

We are even going to bailout homeowners who are facing foreclosures on their homes. The latter group often times being responsible for going into foreclosure simply because they were not responsible enough to pay their own bills and while we are at it we are going to pay off their credit card and auto loan debt to.

In addition to all of that we just got a 800 Billion Dollar stimulus bill loaded with pork and projects that wont even be ready before 2010 that passed both houses of congress and was signed into law by the President without ever having even been read by a single congressperson, or senator, and probably not even a White House official.

Congress is now waiting in the wings with another 400+ Billion Dollar bill and we aren’t even through the first 100 days of a new presidency or even the first year. As if that isn’t enough of our tax money being spent before it is even made Obama has pledged 900 Million Dollars to rebuild Palestine as if we can actually afford it.

With all of that going on as well as his own party working against him and having no support amongst Republicans on the hill in a gesture of good will Obama now points the finger at former President Bush and blames him for all of our economic woes, because he was President and initiated the first bailout mistake, which Democrats wanted to make anyway.

All of which flies in the face of the truth that the economic problem started with Freddy and Fanny who were forced by Barney Frank and Chris Dodd who chair the committees that regulate them to make bad loans. Not to mention the fact that McCain as well as a few other conservatives warned that Freddy and Fannie were in trouble, and were told by Frank and Dodd that all was well and no need to worry.

One thing is for sure in my view and that is that it’s definitely going to get worse for all of us before it gets better. I for one can’t wait to see the spin that our glorious leader the great Barack Obama puts on all of this in his historic economic summit speech tonight. I am sure it promises to be full of doom and woe if he doesn’t get what he wants.

I am also very sure that the continued negative reaction by Wall Street as well as the continued negative reactions by the American people to this glut of spending and lack of real economic stimulus will fall on the deaf ears of Obama and company who will only blame someone else for their mistakes because of it when they fail.

My friends that is all I have to rant about today, but I am sure I will find something else to rail against very soon. Have the best day possible, CIAO4NOW!!!!!