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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