Monday, March 16, 2009

Throwing money at financial institutions

The taxpayers of the United States are up in arms about the government giving their money to financial institutions like the Big Banks and investment firms on “Wall Street”. These institutions seem to the operating like the Mafia only less honest about the way they handle our money. The government tries to handle the Mafia by making them obey the rule of law, while setting up rules for financial institutions is considered to be Socialism (Which of course is one of America’s fear words).
What previous administrations went wrong with the “Free Market” is they made it too free everyone has to have rules to live by and all our freedoms are measured. We are all free to drive a car, but we also must obey to rules of the road. Socialism to me just means that Institutions that affects everyone in Society should be managed by that society for the benefit of the whole nation.
What the Obama did wrong was not to have set up rules before throwing money. Maybe they are trying to the thing too fast, but if he get half of what he is trying to do we will be a better society.

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