Who Should We Trust With OUR Money & OUR Future?

Politicians continue to tell us that those "evil CEO's" have bankrupted their companies and sent the economy off the cliff. To a certain extent, they have a point. Simple greed has led to poor decision making by people as diverse as individuals to corporations. But the economic downturn is global, not local.

Some things are within the scope of an individual's responsibility and other things are not. A person who takes out a 105% loan (as Obama proposes to offer through the US Government) should be astute enough to know that they can't sell that house for the amount they owe on it.

A person with an income of $36,000/year should know that they cannot pay back a loan with a monthly payment of $3,000/month.

A CEO has the job of ensuring a corporation does what it can to make money. Sometimes, conditions outside his control, like an economic downturn or Congressional interference in those policies, will negatively impact his ability to do so. Other times, it is purely on his head that the corporation does not make money for its investors.

But, when one has failed to live up to their financial obligations and responsibilities, the last place that they should go to for advice is someone with a worse record on financial responsibility. When Citibank (and others) lost money in the short term, Congress's record of 200 years of financial irresponsibility at the very time they are accelerating gross irresponsibility is the wrong place to look for advice.

Sure, it sounds nice to hear that we will soon get "free health care" but nothing is free. The Government is one of the least efficient organizations in the Nation. Congress mismanages nearly everything they touch.

CEO's should not be getting multi-million dollar bonuses for loosing money, but Congress should not be the one to change that: Shareholders should be. When Congress becomes the board of Corporations, we will see greater mismanagement, not less.

And we already see the first nationalization of a bank, in earnest: Citibank is now up to 36% government owned. In fact, just two years ago, it would have taken half of the CEO Bailout bill to buy Citibank alone, but now, the $700 Billion CEO Bailout Bill could purchase more than 75 CitiBanks, outright.

We must send a Common Sense Citizen to Congress.