Good Grief, the government is in the car business! Obama stressed that they took 60% of GM simply to bail them out, but I find it difficult to believe the government will be able to keep their grubby paws out of the car makers business when and if they finally emerge from bankruptcy. Obama stated further the government would only be involved in the "most critical" decisions...which to many translated dictating what kind of cars they make to meet his greenhouse gas emissions mandates. Socialism and a bailout all rolled into one. Pretty neat package at the taxpayers expenses. Oh yeah, one more thing, Obama stated that the predictors were wrong in thinking the car business would "fall off the cliff" and Chrysler sold more cars in May than they did in April. DUH. Of course they did...they cut the prices by ten to fifteen thousand dollars on some models, and had to liquidate inventory by June 9 as dealerships were told they lost their dealership franchises with Chrysler. Plus, some dealers purchased vehicles from other dealers at below invoice prices to beef up inventory in markets where they were able to move vehicles. What the hell is this guy thinking? Does he think we're too stupid to see the spin?
For those who thought the Democrats were going to save America, you were sadly deluded. They will sink the country with their free spending, just as they have California. Yes, California has a Republican governor but he has been unable to bridle the run away spending of the Democrat controlled legislature and look at the mess we're in. A state that will again run out of money by July and that held up Tax refunds this year because there was no money to pay them. A state that throws billions at welfare and illegal immigration costs and cuts education and mental health benefits for the most needy.
And, the Democrats in Washington will do the same. Spend every penny they can print and watch while the country sinks so far into debt we'll never get out. Did anyone notice that the personal savings rate went up for the first time in 14 years? That's because people are scared of what's coming, and squirreling away cash as best they can to prepare for the future. When Washington talks about playing with Social Security and Medicare, and is silent on welfare, that speaks volumes about where the administration is coming from. People who earned the money and placed it into a trust with the government will likely get screwed, as those who put zip into anything continue to enjoy a free ride on the taxpayer and the backs of the retired.
What happened to Social Security? Why is it being drained so fast? The government neatly blames all those retiring due to the recession and not enough going into the plan. But what about all the borrowing from the plan that took place over the years? What about the movement of money from and to Social Security that wasn't repaid with adequate interest? Why didn't the government act to increase the Social Security tax gradually over the years to accommodate retirement potentials and only use the money for retirees?
What about the millions or tens of millions of Form 1011 charges for illegal aliens that are charged to Medicare annually to drain a separate portion of the fund? Why should the illegals get free care and then the Americans be told their Medicare is on the verge of collapse? Go to another country illegally and see how good your health care is. Wait, go to another country legally and see if you get free health care. Not only no, but hell, no! Looks like their politicians have more brains than ours do. We're not talking about emergency, absolutely needed care either. We're talking about every little damned thing that you can show up at the ER for. Just be illegal and you're home free. And the taxpayer is paying for it.
Sad
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