Their priorities are not your priorities

           

By Jack E. Lohman

Alan Greenspan says “Oops, I goofed,” and Carl Icahn calls it “bad management.”

No, it’s greed and political corruption. Politicians who were paid to turn a blind eye, did so. They let industries regulate themselves and then found CEOs that were milking the system. Did the politicians not see this coming? Were they not reading the newspapers?

Today’s problem resulted from a faux economy growth fueled by houses being purchased by people who couldn’t afford them, and politicians taking money from lenders to deregulate common sense. Yes, some knew they couldn’t afford and nonetheless bought. Irresponsibly. But a great many were conned into believing they could afford, because sales people get paid when they sell and not when they don’t. There should have been rules… regulation… and there wasn’t. Purposely.

Yes the Dems wanted to be everything to everybody, and the R’s gave them the bullets. They were both in on the deal. Had campaign cash not changed hands, the Republicans would have blocked this stupidity!

Can you imagine what would have happened had President Bush privatized Social Security and we all put our retirements into the stock market?

This entry could have been titled “Who needs terrorists when you have politicians?” given what they’ve done to our economy.

There is simply no way this country can move forward with its corrupt political system. We are where we are because of it. If we are to fix our problems, we must have campaign finance reform. Money in politics has ruined every issue our families face. It can no more.

2 Responses to Their priorities are not your priorities

  1. Tim says:

    I have always admired Greenspan. And if everyone had his morals, his philosophy may have worked. Unfortunately…

    I really think there is more to the housing problem than people buying more than they could afford. How many thousands of people have lost their jobs because of the economy? How many business owners are struggling because of the economy? A lot of people bought houses that they could afford and then lost their business or job. Does that mean they took advantage of the system? They could afford it when they bought it.

    The reason that many big corporations are failing is that the executives forgot one key element. If only the rich have money (them), and the average consumer doesn’t, no one can afford to buy their products. Businesses can’t last without consumers. The “trickle down” theory definitely did not work. The rich hoarded the money, it did not trickle down. I am all for people doing well, but most of this was not earned, it was stolen.

  2. I agree. It’s clearly the jobs, but the CEOs that make more cash when they send them to another country aren’t worried a bit about that. Obama’s “sharing the wealth” may be more effective than we think. Here’s a short and interesting piece from Sustainable Middle Class

    Also, I wrote about taxing corporations at a higher rate when they outsource and at zero when they kept jobs in the US. Problem is, our politicians are paid to not be sensible, and they earn their pay.

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