Misfire under Obamanomics?
There’s the claim of a misfire under the Obama “spendulus” package. This was triggered by the lack of clarity of a plan from the czar of the U.S. Treasury to aid revival of the banking or financial system. This indecisiveness, as human as it may be, came under fire from economists and financial analysts across the country that critically views it as missing the target by oceans apart.
Then came tidings that AIG has issued millions of dollars in bonuses to its employees after it secured bailout funds to the tune of $170 billion under the stimulus package. It failed its better judgment of real conditions everywhere, therefore the need to pull back even what’s legally in the contract until there’s real national recovery. It’s common sense all the way around.
Now the clowns comprised of Democrats and Republicans in the U.S. Congress are back saying it would tax the bonuses 100 percent, retroactively. Weren’t you the same folks who approved the stimulus package that included the very thing that AIG did a few days ago? Do private industries need more stifling regulations or is it one of transparency?
These dizzying issues slam home amidst the huge increase of deadly drug cartel gang warfare in Juarez and strings of murders from young kids across the country that have lost their moral compass. It boggles the mind if this isn’t the reason why some have advocated removal of “In God We Trust” in school prayers.
I’m not sure that most folks are agnostics. Therefore, I say leave divine providence where it is. This is the foundation used by our founding fathers to establish the USA over 200 years ago. In spite of our national travails, we have overcome adversity through hope and resolve by making things better for one and all. And we did it in quiet surrender in both calm and storm to, yes, “In God We Trust!
The national train wreck of huge debts we face today started many years ago. Even conservatives took a chance veering off its set of principles by placing political survival over doing what’s right. I was definitely disappointed but hopeful that a return to conservatism would reset the stage for the gainful traction of equilibrium that leaves capitalism as the prime engine of growth. The gradual transfer from the private to the pubic sector isn’t the answer
We’ve proven national resiliency and resolve to transcend serious travails as a country. We’ve done it before! As gifted and powerful our country is during good and bad times, I am still confident we shall over come what besets us today.
[B]John S. DelRosario, Jr.[/B] [I]As Gonno, Saipan[/I]