Obama - Lack Of Knowledge Or Fear Mongering?

It is easy to set on the sidelines and say anything you want to put fear into people is plain wrong! Obama continues to spout that all the problems where created by the Bush administration. It is easy, but for people that really care to understand should set back in their chair and truly reflect on the troubling issues we face.

The Current Crunch Of The Financial Sector –

While Obama claims the failure of Lahman Brothers was due to President Bush is more then far fetched, it is plain stupid. But to be honest would not serve him and his pursuit of the top job in the United States. He refuses to accept that he holds a job in the US Senate that could have investigated this business. He refuses to accept his running mate has served longer time in the senate then his opponent, yet Biden stood by.

In the last two years the Democrats, who have held every senior level position in congress, and they where not interested in any reform. Keep in mind Obama, Joe Biden, and John McCain all where active Senate members. Neither Obama nor Biden, both part of the Democrat majority, failed to offer any proposed laws to correct this. The reason why is the no one knew outside the glass walls of Lahman Brothers.

Keep in mind ONLY CONGRESS can pass laws. They pass the regulations that Lahman Brothers must operate under. The President and any of his officials can not supersede the laws congress passes in monitoring what any business does.

If a person was to check that during the last two years Obama was the NUMBER ONE person, of the 24 people seeking the office of President, in collecting campaign dollars from Lahman Brothers. As of today, Of all the companies that have failed, or are rumored to be in deep trouble, Obama is the NUMBER ONE recipient of campaign dollars. Only Hillary Clinton collected more money from one of these companies over Obama. John McCain drew pennies from these companies when compared to Obama’s dollars.

Think about your 401-K

Everyone that has a 401-k savings account took a hit yesterday. This is a real key to understanding how well Lahman Brothers hid the financial mess they where in. Most people having a 401-k have all or a share of their money dedicated to be invested in “financial investments”, or “banking companies”, or “financial companies.”

Your money is lumped with thousands of all people and is sent to a mutual fund company. They invest the tens of millions of dollars they have come in. Most of their company profits are derived from a small percentage of the profits they make for each of us. Hence, their motive is your motive.

The head of these various mutual funds can nearly destroy a company they have invested in by pulling their funds from that company. Hence these companies CEO, CFO, and other top management are always available to these mutual fund managers. The mutual fund managers have more access to these people then any member of congress or even the President of the United States.

Mutual Fund managers watch minute by minute what these companies are doing. An example would be if they hear about some senior executive may be leaving they are on the phone wanting to know all the details as to why. They then decide if they want to keep the mutual fund money with the company or move some of it out. If they hear about financial problems they are all over it.

Now consider the mess at Layman Brothers. Layman Brothers must have hid their problems very well as to keep it from such great mutual fund managers, who can sniff out problems better then a hound dog on the trail of a raccoon, is clear.

The senior executives of Lahman Brothers have acted in a criminal manner. Sadly there is not way to recover the billions of dollars investors have lost. It does not save the thousands of jobs of people who worked hard and in an honest fashion for them. Besides going to jail these executives should loose every penny they have.

So before everyone buys into the simple garbage Obama is spitting out is to think about how well they hid it from the people that know the business multiple times better then congress and President Bush. Their senior executives purposely hid the truth. If Obama was president he would be setting in the same position as President Bush.