[QUOTE=tstew;839368]Like I said. I'm not a fan of either bailout, but comparing them objectively there appears to me a bit more transparency and accountability in the Obama bailout package. Personally, I have not seen anything from either one. I don't recall info on what was going to states and what restrictions were being placed on the money given to companies. It seemed that the Obama administration for better or worse was more interested in being involved with the companies that received our money.[/QUOTE]
So true Tstew!
Other countries call that nationalization and socialism.
Like I said. I'm not a fan of either bailout, but comparing them objectively there appears to me a bit more transparency and accountability in the Obama bailout package. Personally, I have not seen anything from either one. I don't recall info on what was going to states and what restrictions were being placed on the money given to companies. It seemed that the Obama administration for better or worse was more interested in being involved with the companies that received our money.
Just a few days ago, President Obama was questioned about GM using stimulus money for their overseas operations. His response dealt with how he had said all along he was not going to be in the car business, telling companies how to run their business. Didn't seem to be that way when he told GM's board the CEO had to go.
Reminds me of the Indian chief's response when the reporter asked how he felt about the politician's speech. "Much thunder", he said, "little rain."
President Obama says whatever he likes, and up till now, the media has not been holding him accountable. But the times, they are a' changing.
Just a few days ago, President Obama was questioned about GM using stimulus money for their overseas operations. His response dealt with how he had said all along he was not going to be in the car business, telling companies how to run their business. Didn't seem to be that way when he told GM's board the CEO had to go.
Reminds me of the Indian chief's response when the reporter asked how he felt about the politician's speech. "Much thunder", he said, "little rain."
President Obama says whatever he likes, and up till now, the media has not been holding him accountable. But the times, they are a' changing.
I did not like any of the bailouts, but if they are going to just give companies our money I think there should be a pretty high level of oversight and accountability...especially when you consider that in large part they are giving the money to the same people that mismanaged their own billions. I keep saying that I did not support either bailout, but I do stand by the observation that their did seem to be a bit more interest and oversight in how the Obama bailout money was being spent.
To the issue of socialism and nationalizing, I think that that is a determination that should be made before the money is ever given. If they did not want government involvement, they should not have solicited government involvement IMO.
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Just find President Obama to be talking out of both sides of his mouth. It's OK for GM to take money and funnel it overseas, he doesn't want to be involved. It's not OK for them to retain their CEO, he does want to be involved.
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