For those of you who may still live under a rock in the 21st century President Obama gave his congressional speech last night. It was indeed a powerful speech but it seems to this blogger that he is making promises that he can not keep. For instance, cutting aide to the Agra-sector. He did say that it would not be available for the wealthiest farmer, this could be a good thing. The wealthiest of farmers have appeared on shows such as 20/20 and others stating that they really don't need the money but the government keeps sending the checks anyway. If this part of
Obama's plan is implemented I am sure we will see some repercussions from the
Agri-community, even from the millionaire farmers who do not need the money. If this does happen in my opinion it would be on the same level as the wall street CEO that still takes that 100 million dollar bonus. The millionaire farmer does not need the money but once it is removed, who is going to be blamed? Obama. Most farmers especially the rich ones are usually republicans. Republicans love to hate the democrats and this would be the perfect excuse to crucify Obama.
I know that a lot of you do not agree with his bailing out the banks and wall street but I do believe that he is right in the sense that this will benefit main street by making the credit market loosen up so the the normal non-millionaire can get a lone to buy a house or car. The problem with this is it will take so long to reach main street that by the time it gets there it will still be too late because most of us are going to have our credit ruined by this economic disaster. Then what happens? It will become an even greater fiasco.
Why not put the bailout money directly into the hands of the main street mob? Why not help them in this way instead of taking the time to let the money trickle down and still not have the banks loosen up credit because of greed?
Well, my take is that the government thinks we are incapable of managing our own pocketbooks. Look what the government has done with our pocketbooks over that last nine months and tell me who is incapable of managing who's pocketbook. Tax breaks, can we afford them?
Look at all the things that the President has planned, beef up medicare, social security, education, and even reduce the deficit. Where is all this money going to come from?
Please I would love to read your comments about this subject. It would be good to know how you feel about what the President promises and if you think he can keep them.
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