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Originally Posted by Professor S
Bottom line: Governing power is being centralized and states have less. Business power is being nationalized, and the private investor and entrepreneur has less to the point legal contracts were essentially broken..
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Its its not illegal or unconstitutional for California (or the parties involed in bail outs) to chose the route that they are going down. Nor is it illegal for the fed to loan California (or the other parties that were bailed out) money and set agreed upon regulations on how it is spent. That's the real bottom line.
The government tried to give away money with little to no oversight, and that plan failed misserably. So now they have to take a new direction and make sure the money is used for what it was intended for in the first place. That's what lead to things being the way they are now.
At the end of the day, the other option that Bush and Obama had in the time of crisis, was to do nothing. Guess we'll never know if sitting back and letting everything burn with no help would have worked. But last I checked both of our presidential canadates last run voted for a bail out... so t shows what we'd have been left with either way. Both Mccain and Obama would have tried to take action, and both of them would have recognized that what actions were taken before did NOT work without regulations.
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Once again, we'll see what happens, but this is not a good precedent to be setting for the rest of the Presidency. We're repeating ourselves at this point, so unless you have anything new, I'll retire from the conversation.
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We will see what happens, in all honesty I'm not too optimistic about where the country is headed in general. But I personally don't think that the decisions that have been made in the last 5 months are any more troubling then changes that have slowly been happening over the last 20+ years.
If anything, Obama has been very wise about how both his forgien and financial policies have been planned out.
At the end of the day though, I understand where our base disagreements stand, so I don't really care if you chose not to reply anymore. I just don't like that the right wing is trying to pin every world issue on Obama's shoulders even though many of the issues people have already existed long before he stepped foot into office.
I remember when 9-11 happend, and EVERYONE gave bush a pass on it because of how soon into his presidency it happend. But with how the right wing is treating obama now, I bet if another attack like 9-11 happend tomorrow they would pin the reasoning RIGHT on Obama's shoulders, blaming him for stopping torture and for having a more open minded international policy. And you KNOW they would, only 5 months into his presedency. They would ignore everything Bush and Cheany did to piss the international community off, and all their failures.. and put it on Obama.
But now I'm just ranting, I'd just say give it some time and we'll see what happens.