So, unless you've been hiding under a rock for the past week you know some guy named Brown won a Senate seat in the state of Massachusetts. This guy has been getting more TV time than both Conan O'brien and Jay Leno. That's not what this post is about.
Help me understand, Please!!!
First President Obama says we need to bail out the auto manufactures and the banks and the automobile sales, (cash for clunkers). Ok, the get that, someone is in trouble we go to help them, ie" Haiti. It's in our nature. We are Americans of Judeo-Christian belief and that is our mission in life and the world. But, and here is the but, on what could be considered the absolutely worst day of his Presidency President Obama comes out smashing the banking system that he just had the American taxpayers bailout. Is it just me or is it every time something doesn't go President Obama's way he comes out and blames some one else. Just a thought.
Here's what I don't understand. Were the banks bad a year ago when we had to bail them out? Or, did they turn bad when we gave them our hard earned tax dollars? If they were lousy before the bailout why didn't President Obama just let them go and self destruct. That would have saved the American tax payer millions of dollars. I have a friend who is a retired banker and he says bank failures make the surviving banks and the system stronger. It's like culling the species. The strong live and get to be better. Now that makes sense to me. How about you?
On the other hand if the banks turned bad after the bailout money how did that all happen with the Washington watch dogs that were "watching" the money being spent. One other thing bothers me. If President Obama wants to curb the salaries of these bank people and he makes it happen. Why doesn't just save the American economy by just curbing the wages of the 3.5 million Wal-Mart employees at about a buck an hour for the next couple years. That should help, shouldn't it?
Point here is: If President Obama aka the government can void a Corporate President's million dollar salary after the Executive negotiated and agreed to a million dollars contract then what's to stop him from taking a buck or two from the averaged Wal-Mart employee. After all their salary has been negotiated and agreed on by both parties also. What's the difference? Money is money. Breaking a contract is breaking a contract, is it not?
I'm confused. Help me understand.....Please!!!