>Oh, the hypocrisy of Geithner and G-20 leaders. On one hand they pat themselves on the back for over-bailing out big banks while at the sane tune promising fiscal restraint in the future and balanced budgets. BUDGETS? OBAMA IS OPERATING WITHOUT A BUDGET. HOW LONG ARE WE GOING TO ALLOW HIM TO EMASCULATE AMERICA THIS WAY. HOW LONG BEFORE WE GET DISGUSTED AND KICK THE BUM OUT – ALL THE WAY BACK TO KENJA WHERE HE CAME FROM?.
I don’t believe the world’s financial wizards are capable of running the world. They can’t even run their own countries’ monetary systems, let alone the world’s. The reason the world is in this mess in the first place is the over-stimulus of nations’ banking systems. When Americans heard Barak Obama say he needed to stimulate the U.S. economy, they had visions of job creation. Well, in the end the truth comes out. Job creation had nothing to do with his plan to dump trillions into the banks private coffers, at taxpayer expense.
Here’s an example of the kind of job creation Obama is capable of: In May, 2010 ninety-five percent of all new jobs created in America were government jobs. Now, sixty percent of our GDP comes from government paychecks and only forty percent from private enterprise. This is not sustainable. When will we learn? Or is Obama trying to take down our country intentionally? Of course he is. His idea of a good world is leveling the economic playing field. Take from the rich (real job creators) and give to the poor (unions and those who never create new private enterprise jobs, but whose salaries are almost twice that for private enterprise jobs of comparable difficulty). Where can we run? America was the last bastion of the capitalistic system. There’s no place to run. Then we must fight back – take back the government and chase Obama and his ilk off the continent. Maybe Mexico where drug lords rule would take him, Australia where socialism is rampant, Haiti, Cuba, or Puerto Rico.
Other nations took Secretary of Treasury Timothy Geithner’s lead and followed suit. Now it is widely known that had we let Goldman Sachs, Bank of America, and J.P. Morgan go under we would not have prolonged the problem or hurt our country one wit. It would have righted itself as did the recession of the 1920s. Democrats like to make an economic mountain out of a molehill. Wasn’t it that damnable Rahm Emanuel who said “you never want to let a crisis go to waste? Sure he did. And he’s the brains of this Chicago criminal, Barak Obama.
Other people with money would have stepped forward, even without government money, and would have created a reformed banking system. Now we have these fake bankers that we always look to and save to ruin our system. My motto: Let them fail. Congress, The Fed, Geithner and the president didn’t bail out my barber or my favorite restaurants. They failed and more efficient ones take their place.
It’s sickening to hear that G-20 now says they have seen the light and that we need to stem the tide of huge deficits, bailouts and lack of financial transparency. Wellcome to the party, even if you’re eighteen months late.
The problem is this: G-20 article is superficial and at odds with the truth; and don’t believe what you will read in the following report about them. They are liars of the first class. Because of a liar president, they don’t need to tell the truth. They know they will always be insulated from Congressional investigations and voter grilling. Vote Obama and his progressives out of office in November. Let’s right this badly leaking rickety ship of state. Don White, publisher