Wednesday, April 14, 2010

Obama blames an unfettered market place!

Today our president shared some more of his insight on the American way of life. I'm sure I'm not the only one who picked up on this but I can't help but share my thoughts. He said,

"I think all of us recognize that we cannot have a circumstance in which a meltdown in the financial sector once again puts the entire economy in peril, and that if there's one lesson that we've learned it's that an unfettered market where people are taking huge risks and expecting taxpayers to bail them out when things go sour is simply not acceptable."

Am I the only one who would like to know what unfettered market he is speaking of. The definition of unfettered is free or unrestrained. Is there such a thing as an unfettered market anyone? Can anyone think of a single business, industry or sector that is not controlled, or regulated by the government. Liberals like to say Republicans deregulated the banks which caused much of our problems but really there was no DEREGULATION. Not real deregulation, it's not like the Federal Government ever wiped it's hands and said, "Ok now you guys can do what ever you want how ever you want". They simply loosened it up and bit. It's still the guys in Congress who wrote the rules they were required to follow. It's still Washington that made it possible for the funny business that went on.

Now Obama thinks that the American people are dumb enough to believe this simply because he said it. Possibly even more disturbing is the part of expecting taxpayers to bail them out. Is that really how it went, those companies came knocking on the door demanding to be bailed out. I think many of us were screaming to let them fail.

I don't know how much more of this I can take.



Stumble Upon Toolbar

No comments:

Post a Comment