Thursday, March 12, 2009

Obama Years So Far

I am sorry I haven't been updating but I had to get a perspective on things. Not much has changed. That's the problem. I am not going to bash the Obama presidency after just 2 months. That would be stupid. I feel the need however to speak my beliefs on a particular topic. That topic is in fact, the facts. For this post only, I will state nothing but the facts. Do with it what you will.
The 111th Congress, who we elected, approved the stimulus package for hundreds of billions of dollars. The money will go to the effort to try to pull us out of the recession. Before the bailout was approved, Arizona was going to have to cut 100 Million Dollars from Education. Now with the bailout, they will only cut 75 Million Dollars from Education, which is the department to teach the future leaders of our nation.
The 110th Congress had already approved the bank bailout which was basically giving the rich more money to keep the banks that are already giving out bad loans from immediately going out of business. As part of the bank bailout, AIG, was given I believe around $130 billion. Now, AIG in an attempt to make more money, said that they would insure the loans that the rest of the banks are giving out. In the first fiscal quarter of 2009, AIG had lost 60 billion dollars already. That's two months. Now, the treasury is requesting that the government give 30 billion more dollars to AIG. That motion was approved......


Alright, enough of the facts. I have mixed emotions about all this. I am in no way an economist. But isn't it......stupid.....to give more money to a company that lost 60 billion dollars in two months. That's just my own little opinion. But, you know, what's 30 billion dollars. Thats only $100 per person in the country. A hundred dollars that most of you don't have to spare. It is absolutely ridiculous. Now, I will not jump off the Barack bandwagon so fast. That would be by far the most ridiculous anyone could do only two months into his presidency. Because first of all, Barack is not the one who is making these decisions. Second of all, it was an inevitable move. This is simply what happens when you try and find a balance between two polar opposites, in this case being capatalism and socialism. I am 100% for the rise of socialism. But not if we don't set it up carefully.
Capatalism had it's run but the founding fathers realized that it was too closely related to anarchy to stand a chance. So they socialized capatalism and turned it into nationalism. That is where we are paying for the businesses to keep going. The problem is, there are parts of the business world and economic world that are socialist and parts that are capatalist. Oil doesn't mix with water.
We have had the chance to make a run for socialism but for some reason, everybody in the country associates it with Communism. It's not even close to being the same. Communism is where the government owns every dollar out there. Thus, they own everything. Socialism is when the government, members of which are by the people, regulates certain areas of business so that the business owners have to follow procedure so they don't rip off anybody. Then, the people pay taxes to fund the government who in turn funds the economy. They are similar but not the same thing.

I will pretty much say goodbye but will advise you to neither put your complete blind faith in the government nor jump off the bandwagon. We can only revitalize this economy together. Oh, and please, argue my theories. I'm up for a debate anyday. Once again, Obama is not now, nor has he ever been the Antichrist. Just thought I'd throw that out there for some people who are saying that because he supports the rights of the mother to terminate a pregnancy before any major organs have formed, and he because he doesn't persecute homosexuals for their sexual orientation, and because he wants to fix the economy without huge tax cuts, he must be the spawn of Satan.

Because 8 years of conservatism worked so well...


Thanks and please comment,
Dylan

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