It's Not Your Money?

Well, it certainly appears it isn't our money after all, not if it was invested somewhere, it's nobody's money.

But this guy is scary, who's money is that $700 billion? I am glad he is gone. He brought up Toyota which, along with Hyundai and other foreign cars manufactured in the U.S. are still profitable.

He does have a point with the credit problems. The bailout is supposed to free up credit, it hasn't.

Wow!

I too am offended by this volatile statement. It is my money. I have no sympathy for the man.

I also heard parts of the Cavuto piece.  Unfortunately the change that just got voted into office is not the change we really need.  But the public has bought into the concept that if one side is wrong, the other side must be right.  They do not see the third option - that both sides may be wrong. 

The American business model had evolved from dialing for dollars to begging for billions. 

Now that is inflation.

I generally don't watch faux news,but the clip is interesting.The problems that face the whole country will require working together. The shortsightedness of CEOS and "leaders" both in the public and private sector is the root. Everyone wants to do the easy things and ignore the real problem. We need to transform the way we think. The companies should be saved with strict guidelines, all corporate welfare should have strings attached. Why not adopt the model that the highest paid in any company earns 10x the lowest paid? Maybe we should join the industrialized world and create single payer health care for American citizens. This alleviates the high cost to companies so they can do what they know how to do. It is complex but it is time to do what is best for the future not next week or election cycle.  

Owen - I didn't even comment on the "It's not your money" remark because my blood pressure pegs the meter every time I think of it. 

Congress (and yes the Democrats have been in control for two years) has the lowest approval ratings since the invention of opinion polls.  Part of the reason is the "Its not your money" attitude displayed by public officials.  But I can shout 'til the moon turns blue with cold to vote ALL of the politicians of both parties out and start over - that may be the change we need. 

But no.  Everybody thinks the other Congressmen and Senators are bad but our guy (or gal) is ok.  So 95% or more of incumbents come back to Congress in most election cycles.  And on top of it, we choose a liberal Senator from that same Congress for the White House whose administration looks the same as the last Clinton Administration and would have looked the same had there been a next Clinton Administration.  Yeah! That is change I can believe in.

Now I know that there is a practice of going back to previous administrations when the President-Elect's party was in power to get experienced people who know how Washington works.  But this guy ran on a promise that Washington didn't work at all and to not run Washington the way it had been run.  These guys know where the light switches are in the White House alright - most still have their locker and men's room keys.  I know we are trying to unite the country, but if the public had wanted Clinton III - they had a chance to vote for it.

I know, I know - the election is over. I do wish President-Elect Obama well and hope he has all the luck in the world - he is going to need it.  But the news coverage from the fawning press is not doing him any favors.  By January, he will come into office with such high expectations that his own press coverage will be a hard act for him to follow. 

And by the way, it is our money.

It just shows how out of touch Washington is with the rest of the country.  This Congressman is an embarassment to all Americans.