Swick Speak

A blog devoted to political and economic topics in today's society.

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Name: Bob Swick
Location: Wallingford, Connecticut, United States

I have been an educator for 27 years teaching over twenty courses in business and economics on a part time basis for several different colleges and universities here in Connecticut. I have a Bachelors of Science in Journalism and a Masters of Science in Economics. I also enjoy writing about and collecting football memorabilia. I am a member of the Professional Football Researchers Association and a shareholder of the Green Bay Packers.

Tuesday, March 17, 2009

Why Aren't We Outraged At Congress?

Why aren't we outraged at Congress? After all they have contributed greatly to the economic problems that we have in our economy today. They decided several years ago that they are experts in business and economics and as such stated it was ok to allow mortgages to go to consumers who can not afford them. Then when many of these same mortgages went unpaid and caused a ripple effect in the credit markets, they created a lending spree with no strings attach to the same companies who were going bankrupt. Now, in the case of AIG, contractual employee payments must be paid, a new spin occurs. All legal action by the economic savvy Congress and President will be used to stop these payments. Why? If you are employed by AIG and were doing your job well and selling product, doesn't our capitalistic system reward those whose economic value is greater than those who are not? Capitalism rewards risk and achievement. It is pathetic to see this new spin by Congress and the Obama Administration that these employees are the cause of AIG's problems because they did their job. When does Congress ever do their job? Why are they allowed to spend our money any way they want to suffice their pork barrel spending and lobbying groups which dictate really what taxpayers can or can not have? Why are we not outraged against Congress and the Obama administration? I know I am one taxpayer who is.

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