Wednesday, April 29, 2009


The 100 day mark was an opportunity for the media to grade President Obama. Not surprisingly, they continued in their cheerleader roles and gave him universally good grades. The interesting part of the grades was that many of them were admittedly commenting on his media presence rather than on his policies. The ability to use the Presidential office as a pulpit is certainly an important part of the job. There is also no doubt that President Obama is good at it - even using Joe Biden’s minimalist criteria of being “clean and well spoken”.
Unfortunately for the future of the United States , it is the policies that count. President Obama is doing exactly what he said he would during the campaign. No one listened to him in the anti-Bush mania but Obama is re-distributing wealth and nationalizing industry. After firing the CEO of a GM and turning over Chrysler to the UAW, he is forcing the banks to nationalize. His administration is refusing to allow them to even begin to pay back the bailout money. They have established the “Stress Test” which will force the banks to convert the preferred stock the Gov’t now owns to voting common stock. The result will be that Congress will be in charge of the Banks. These are the same people who ran Fannie Mae and Freddie Mac into the ground and caused this situation in the first place. The only question now is which well run government agency (?) will form the model for how the banks should be operated.

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