[kwlafayette]

Just how bad is it? I think on the question of is Obama a Marxist, there can no longer be any doubt.

I say, as long as it is me who gets to decide who deserves their pay, and who doesn't. it is not so bad. From my point of view, anything you can agree to get your boss to pay you is none of my business.

[Libertas]

The bailouts shouldn't have been given in the first place.

Obama is whipping up the whole executive bonus thing simply to gain more popularity, it's a populist move at heart. So far I think we can easily say Obama has been failing in his first two months as President. He hasn't handled the economic crisis well, had a chance to make the tax code simpler yet didn't, he hasn't been [a flawed concept] bipartisan, he is focusing on issues like the environment even as the economy has fallen off a cliff, and his economic plans are more about throwing around money instead of putting in place any substantial changes.

Obama is also being disengenious, especially when he talks about cutting taxes for 95% of Americans yet then arguing that the people will have to make sacrifices for the bigger government he's promised. That sacrifice apparently will be the burden of the 5% who will see their taxes rise.

Barack Obama is setting himself up as having the worst policies of both Jimmy Carter and Lyndon Baines Johnson. I wouldn't be surprised if the Democrats lose one or both of the houses in the next election. That is if the GOP stops cannibalizing one another by that time.

[Rusty Bedsprings]

kw wrote:

[Azurite]

The bail-outs are an example of government intervention leading to corruption, which in turn leads to more government intervention.

[crazymamma]

I have some very interesting stuff on this topic and one struck a cord for me at the Misus Institute:

http://blog.mises.org/archives/009651.asp

As I watch the government continue its massive economic destruction, and as I read things like the "God's Politics" blog, the following quote from Henry Hazlitt explains what is happening:



"The whole gospel of Karl Marx can be summed up in a single sentence: Hate the man who is better off than you are. Never under any circumstances admit that his success may be due to his own efforts, to the productive contribution he has made to the whole community. Always attribute his success to the exploitation, the cheating, the more or less open robbery of others. Never under any circumstances admit that your own failure may be owing to your own weakness, or that the failure of anyone else may be due to his own defects - his laziness, incompetence, improvidence, or stupidity."

We are seeing this envy and hatred now being institutionalized, egged on by the Obama administration and its media acolytes.

************************
I tend to give the above credence/agree with as the Stimulus bill knowingly provided monies to companies that had contractual employment obligations to pay out.

The fact that they knew about it, allowed it to happen, then condemn it and are crafting a law specifically to break Federal and state employment laws to target a specific group of workers is Illegal and lowers the current US administration to Banana republic status. They have managed to villanize a group of the working sector ( on purpose) and have managed to have the general public cry out in outrage and accept/almost beg for a law that is contrary to their constitution/founding principles. Master manipulation.

It's a sad time in America.

[FF_Canuck]

[FF_Canuck]

[kwlafayette]

Yeah, this one is going to have terrible consequences. It is not a question of who is the next group that the government will decide does not deserve their pay, but which groups are safe, if any? If they can go after bankers, they can come after auto workers, plumbers, programmers, pharmacists and doctors.

Pharmacists and doctors seem likely actually. When you are nationalizing medical care, you have to control costs some way. One way is rationing the amount of care you will allow people to have. Another way would be wage and price controls on medical professionals and services.

[kwlafayette]

http://www.nytimes.com/2009/03.....gewanted=1

Well, AIG execs are starting to resign over this. It would truly be funny, if after all the bail out money, that the company went under anyway, because Obama called them financial suicide bombers. Tragic as well.

[SFrank85]

It just goes to show that socialism does not work. Just when we all thought Jimmy Carter was the worse president, Carter bailed out Chrysler, while Obama is bailing out everything. America and the world needs to realise that in order to get out of this economic mess, let the companies’ crash, and rebuild you new economy.

Wait until inflation will hit!

[Mac]

Any which way you look at it, this is a mess of epic proportions. If it wasn't for the fact that this started before Obama took power, I would suspect it was another manufactured "wag the dog" routine...

-Mac

[FF_Canuck]

Well, it's passed the House:

[Hasdrubal]

Wow has America taken a drastic left turn economically & soon to be politically as well. A few years ago I was saying annex Canada into the union to save us from the left, now I'm saying heck not anymore. If Obama continues this I certainly hope to see droves of American conservatives coming here to Canada. That's of course if we can keep the liberals from getting into power.

[kwlafayette]

I would rather see them stay and fight for their country. Who wants the rats who simply abandon ship at the first sign of trouble?

[kwlafayette]

What do you guys think of Obama, who has no interest in running GM, firing the CEO of GM?