Before I start, let’s get something straight! In my mind, I am not rich because I can barely pay my real estate taxes and month to month bills. My income, business properties and home have suffered major losses because of the bank caused recession (WHICH NEVER ENDED DESPITE THE IDIOTS WHO WANT YOU TO BELIEVE THE OPPOSITE). In Obamas mind, I’m probably rich because I have two cars, own some property and am self employed in my own business. Sure, I am richer that some people if I have a $100 bill in my wallet and they have $5 but that does not make me RICH. There have been times in my life when I actually thought I was rich but economic upheavals always seem do a good job of stripping me of the wealth I’ve accummulated before each recession. Yes, I’ve had some ups and downs and some really wild economic swings in my life, but I still reserve my right to think smart, work hard and better my position in life regardless of how bad things get. This is why I am basically a conservative tea party member because I value my freedom first and big government last. This is also why I have a HUGE PROBLEM with most of my Republican counterparts and a very critical of the way that they are handling social issues by sweeping them under the carpet like they never happened, rather than dealing with the problems at hand (unemployment, bank regulations, foreclosure and corporate growth incentives). Full federal investigations need to be launched into how much financial damage was done to the economy by firms such as Goldman Sachs, Countrywide – Bank of America, Citigroup, Wells Fargo – Wachovia, UBS, J.P. Morgan-Chase, Morgan Stanley and others to name a few. Please also realize that Obama’s top corporate donors in the 2008 election were GOLDMAN SACHS at $1,013,091, JPMorgan Chase & Co $808,799, Citigroup Inc $736,771, UBS AG $532,674, General Electric $529,855 and Morgan Stanley $512,232. Makes one wonder why the Obama Administration has been so permissive and ineffective in dealing with the banksters and allowed the banks to dictate the terms of modification under HAMP.
Herman Cain, Rick Perry, Bachmann, Santorum and the whole lot of the aspiring Republican candidates want to take the ultra hard line. People (both Republican and Democrat) hurt by the bank/Wall Street housing bust should be deemed failures and at fault, while the banks should be allowed to continue to harass and punish the middle class. They want to reduce entitlements, social security and medicare. For this I regrettably agree that the USA is in trouble, but wouldn’t it be more sensible to first eliminate or reduce those people who never paid into the system but are receiving benefits? If any of you OCCUPIERS of Wall Street are reading this, please know your real enemy and do not blame the successful side of the U.S. population for all the troubles. Let’s just say that I fully understand your frustration, but all you have to do is listen to Margaret Thatcher, former Prime Minister of England. She wisely said “Being prime minister is a lonely job… you cannot lead from the crowd”. The ills of this country can only be cured from the hearts of the individuals and not from the blunted purpose of a crowd, no matter how well intended.
The opportunity to create, work hard, work smart and manage your money prudently is what made our country great and frankly I do not want to see the mindless liberal socialist confusion bring an end to free enterprise as we know it. The rich (who really are the rich?) are simply people who have had the good fortune (some by work, some by birth and some by luck) to be self sustaining. In truth the rich pay the lions share of the taxes and cost of big government. If the rich are destroyed or chased out the the USA by thoughtless and abusive high taxation, who then will foot the cost of all those social programs and provide the innovative capitol to get things rolling again? Again, we should listen to Prime Minister Margaret Thatcher when asked about Socialism “The problem with socialism is that eventually you run out of other people’s money………….Then what. It is better to teach a man to fish than to give a man a fish since he eats it and demands another. Wise up people….Our country needs leadership, direction, proper incentives and balanced decisions. Corporations and the wealthy do not have incentives to invest, hire or expand because they are afraid of the sagging economy and the threat of more government regulations with higher taxes. Our system needs to be tweaked to provided incentives for growth, not destructive taxation.
BIG GOVERNMENT is not the answer since government have proven to be BAD AT BUSINESS. Don’t believe me? Check out the U.S. Post Office.