The announcements made today by the Obama administration are some of the most troubling things I have ever heard from our government. There seems to be a belief in Washington that they know what is best for all of us. This is not what the founding fathers ever intended.
"I am absolutely committed to working with Congress and the auto companies to meet one goal: The United States of America will lead the world in building the next generation of clean cars," Obama said in his first extended remarks on the industry since taking office nearly 10 weeks ago. And yet, he added, "our auto industry is not moving in the right direction fast enough to succeed."
So now the President is going to dictate how these businesses are run. The CEO of GM was forced to resign and most of the board also forced to leave.
(AP) Obama's announcement underscored the extent to which automakers have been added to the list of large corporations now operating under a level of government control that seemed unthinkable less than a year ago. Since last fall, the Bush and Obama administrations, often acting in concert with the Federal Reserve, have engineered the takeover of housing titans Fannie Mae and Freddie Mac, seized a large stake in several banks and installed a new CEO at bailed-out insurance giant American International Group.
I am sorry folks but this is not the role of the United States government. Anyone who does not yet believe that our country is on a fast track toward socialism needs to wake up and listen to what is going on around them. But wait there is more…..
(AP) Obama took the extraordinary step of announcing the government will back new car warranties issued by both GM and Chrysler, an attempt to reassure consumers their U.S.-made purchases will be protected even if the companies don't survive.
Where is this going to end? Nobody can be sure but let’s review the President’s agenda:
- Huge government stimulus packages complete with long strings of government requirements attached which will last way longer than the money - the strings are for anyone who takes this money - companies, states, financial institutions
- Talk of nationalizing the banks
- Overhauling the tax code/redistribution of wealth
- Health Care Reform
- Alternate Energy Programs which includes a cap and trade policy designed to penalize companies that produce carbon dioxide emissions from fossil fuel use.
- Education Reform
Based on what we have seen so far are you willing to sit back to wait to see what’s going to happen next? The current mob ruling Washington have thrown the Constitution out the window and are arrogantly saying that it is outdated for today’s world. Keep in mind we are only 10 weeks into this Presidency!
"The Constitution is not an instrument for the government to restrain the people, it is an instrument for the people to restrain the government -- lest it come to dominate our lives and interests." -- Patrick Henry
"Educate and inform the whole mass of the people... They are the only sure reliance for the preservation of our liberty." --Thomas Jefferson
I agree! The government is waaaay to much into the personal lives of the people! And I think NO ONE should've gotten bail out money. It's called business for a reason! Sooner or later the economy would've recovered, just like in the depression. I'm depressed just thinking about how much each taxpayer has to pay for this! Does the government help out us normal people? Like 900.00 in stimulus money is going to make or break a family. Thats a little over one propane fill for me!! It seems the government cares more about the banks than anything. Let 'em go down!! They're the ones that caused the problems yet still want money money money! Im leaving this as anonymous only because I don't know the url - lol Gina
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