Monday, March 30, 2009

Good Bye Capitalism

Geithner on "Meet the Press" just said:
"I think the adjustment to a period of excess is necessary. We never want to have a crisis to remind people of the importance of living within their means, of not borrowing too much. Or why regulation is important. You never wanna have a crisis that is damaging to make that point. But we're gonna emerge stronger from this. When we get through this, people are gonna care less about what they make, more about what they do. What they achieve and what they do, and that will make the country stronger."

His remarks came from David Gregory asking him to comment on the latest Time magazine cover, depicting a red "reset" button and the words "The End of Excess, why this crisis is good for America".

I don't even know where to begin. The numbers being thrown around from all this stimulus/loans/bailouts are now so absurd, the numbers are just made up at this point. What the money is being spent on is another post worth ranting.

But while I'm not surprised it didn't happen - but I got mad at Gregroy for not taking Geithner to task on his comments. "People are gonna care less about WHAT THEY MAKE".

Lets repeat that. Our Treasury Secretary thinks that people are not going to care as much about how much money they make at their jobs. What fantasy world does he live in? (Maybe the same fantasy world where you don't have to pay taxes)

Obama was right. It's gonna get worse before it gets better. But with attitudes like that in his administration.... it may never get better. The more I learn about what's going on here, the more frightened I become.

This is a little scary. We might not even recognize the country as we know it in a very short time.


At 7:06 AM, Anonymous toronto condos said...

Sometimes seeing written what has been said previously shows the message in a completely different light.

I wasn't listening to the program too carefully, but in general Geithner's answers seemed to be somewhat uplifting and positive. But how could I miss that "People are gonna care less about WHAT THEY MAKE"? It's absolute bullshit.

Take care,

At 10:10 PM, Blogger Kuflax said...

Yeah. I had to rewind it to make sure I heard it right.

But hey, these are our leaders.

At 3:50 PM, Blogger B.O.B. said...

In my opinion, we will NOT come out of this stronger if we continue to let our federal government take over private businesses and control those businesses. Some oversight IS necessary, but government control of what once was private enterprise is not only unnecessary but again, in my opinion, it's un-American .... definitely not what our Founding Fathers envisioned.
For more on that, check out my blog - B.O.B. on kuflax' reads list


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