Comments on: Turning the Corner or Hitting a Detour? http://www.efinancialblog.com/turning-corner-hitting-detour/ America's Financial Security and Life Insurance Blog Fri, 03 Sep 2010 07:32:42 -0500 http://wordpress.org/?v=2.8.1 hourly 1 By: Daniel http://www.efinancialblog.com/turning-corner-hitting-detour/comment-page-1/#comment-640 Daniel Mon, 23 Feb 2009 20:17:06 +0000 http://www.efinancialblog.com/?p=778#comment-640 I am very wary about all of this. The government will always try to expand its own power, unless checked by a vigilant populace. I think that we can bail out key industries without having the government take over the economy. Why do we think that politicians are better able to run a company in tough times, than a businessman? Im not expert but it looks pretty preposterous. I am very wary about all of this. The government will always try to expand its own power, unless checked by a vigilant populace. I think that we can bail out key industries without having the government take over the economy. Why do we think that politicians are better able to run a company in tough times, than a businessman? Im not expert but it looks pretty preposterous.

]]> By: Andrew http://www.efinancialblog.com/turning-corner-hitting-detour/comment-page-1/#comment-639 Andrew Mon, 23 Feb 2009 20:07:39 +0000 http://www.efinancialblog.com/?p=778#comment-639 I, for one, truly appreciate the steps that are being taken to protect my investments by the federal government. Every time that I hear political pundits on the news spouting about the wasteful spending, and socialized government, I want to put my foot through the wall. First of all, where was the Republican voice calling for fiscal responsibility over the last 8 years? It seems like they are for limited government, except for when they are in charge!!! This is hypocrisy in its ugliest form. Second, government helping the economy is not socialism- the stimulus package is laced with tax cuts, it ensures that there is responsibility and accountability with taxpayer money. President Obama is trying to restore a little control to the economy, thats not socialism, its just what we had under Clinton. Just because something is more regulated than it was while that Incompetent-in-Chief was in office, doesn’t make it socialist. I, for one, truly appreciate the steps that are being taken to protect my investments by the federal government. Every time that I hear political pundits on the news spouting about the wasteful spending, and socialized government, I want to put my foot through the wall. First of all, where was the Republican voice calling for fiscal responsibility over the last 8 years? It seems like they are for limited government, except for when they are in charge!!! This is hypocrisy in its ugliest form. Second, government helping the economy is not socialism- the stimulus package is laced with tax cuts, it ensures that there is responsibility and accountability with taxpayer money. President Obama is trying to restore a little control to the economy, thats not socialism, its just what we had under Clinton. Just because something is more regulated than it was while that Incompetent-in-Chief was in office, doesn’t make it socialist.

]]> By: Aaron http://www.efinancialblog.com/turning-corner-hitting-detour/comment-page-1/#comment-623 Aaron Sun, 22 Feb 2009 22:20:32 +0000 http://www.efinancialblog.com/?p=778#comment-623 So long as bankers are calling the shots -- without regulatory scrutiny and enforcement -- the foxes are guarding the hen house! Inside that hen house is my nest egg! I'll feel a lot better when the measures we say we must make are enacted! Hurry up, U.S. Congress! We can't afford to wait very long! So long as bankers are calling the shots — without regulatory scrutiny and enforcement — the foxes are guarding the hen house! Inside that hen house is my nest egg! I’ll feel a lot better when the measures we say we must make are enacted! Hurry up, U.S. Congress! We can’t afford to wait very long!

]]> By: Robert http://www.efinancialblog.com/turning-corner-hitting-detour/comment-page-1/#comment-622 Robert Sun, 22 Feb 2009 21:10:14 +0000 http://www.efinancialblog.com/?p=778#comment-622 I am encouraged by the fact that, at least now, those of us in the passenger seat can finally see where we are going! Congress passed the Federal Funding Accountability and Transparency Act of 2006, (also known as the Coburn-Obama bill) which mandated the Office of Management and Budget to create a searchable online database of all government spending (USASpending.gov), 22 states have similar transparency. MIssouri's is perhaps the most comprehensive If only financial institutions and regulatory agencies could be just as transparent, my mood would be rosey! I am encouraged by the fact that, at least now, those of us in the passenger seat can finally see where we are going! Congress passed the Federal Funding Accountability and Transparency Act of 2006, (also known as the Coburn-Obama bill) which mandated the Office of Management and Budget to create a searchable online database of all government spending (USASpending.gov), 22 states have similar transparency. MIssouri’s is perhaps the most comprehensive

If only financial institutions and regulatory agencies could be just as transparent, my mood would be rosey!

]]> By: Eric Lugo http://www.efinancialblog.com/turning-corner-hitting-detour/comment-page-1/#comment-599 Eric Lugo Sat, 21 Feb 2009 00:55:27 +0000 http://www.efinancialblog.com/?p=778#comment-599 To understand where we are going, it helps to know how we got here. An easy-to-absorb video explains it all at http://crisisofcredit.com/ To understand where we are going, it helps to know how we got here. An easy-to-absorb video explains it all at http://crisisofcredit.com/

]]>