I guess to me it doesn't make any difference what name you call it (TARP, Bail Out...whatever). The only way to possibly get out of the Recession is giving a whole lot more money. For whatever the reason - corruption, greed, mismanagement.. - it will cost and cost a great deal.
I don't know Timothy Geithner - or anything about him - but it certainly proves my point that the more people you have the more likely some will be exposed to have been involved with major problems. I can't fault Obama for that however.
At this point I am simply open to accepting Obama and Hillary and everyone else for who and what they represent and to fulfilling their service to our country with the highest decication possible.
Steady,
I don’t fault HBO for what Geither did, but I think it still reflects badly on him if he allows this guy of questionable ethics stay. I really find it to be a big flaw in Geither’s character. This “I forgot or it’s was just an honest mistake” is a bunch of whoie and I just don’t buy it. It ranks right up there with “My dog ate my homework. “
Everybody, unless they are a blithering idiot, knows to pay taxes, and if he is that dumb/forgetful, then we don’t need him in this very important role. I think he just got flat out got caught cheating and would have never fessed up if he hadn’t been promoted from being Paulson’s right hand man to being Paulson Version 2.0. Where was he during all of this mess? He was right there in the middle of it at Paulson's side.
I think BHO could’ve come up with some one much more qualified than someone who help perpetuate this mess. And if he thought Paulson was wrong and didn’t have the backbone to speak up, then I sure don’t think he’s the man to stand up to Congress and tell them the facts of life.
I’ve always said that I hope BHO is successful, although I think our children will have a lesser quality of life, because of the massive burden flooding the market will have on the economy. I just don’t agree with BHO’s politics or view on life, but that’s neither here nor there. As for Hillary, she has bigger Thatchers than Geither has. :laugh:
All we are doing is prolonging the agony with the bailouts. We’ll have to pay the piper big time and I’m just one that prefers pulling that band-aid off fast instead of just slowly pulling it off.
Everyone says that we, the public, are 60 to 70% of our GDP and until we can repair our battered retirement and get out of debt, then the economy will not recover. The publics psyche has been battered and they finally realize that they have spent over there means and now realize how important it is to save. This is going to take longer than a 2 year period. The quicker this occurs the quicker we'll get back on our feet, economy wise. The Government needs to put as much emphasis on spending reductions as it is in throwing money at the problem.
Just one man’s opinion. Sorry for being so wordy Steady, sometimes I tend to run off at the mouth. :laugh:
CB
