Regulation, A Presidential Cure for the Nation? I think NOT!

I guess if we are going to tar and feather Obama over our hard times, we should probably get it right, on what he did wrong. Our present economic mess has nothing to do with him or his birth certificate issued in Hawaii. His major offense, is in thinking that as President, he can write or dictate our laws and have the Congress pass them. If my memory serves me right, Congress writes the laws, and if they don’t have a 2/3’s majority, the President has to sign it in order for it to become law.

Obama is like a very demanding wife; his way or the highway. Whereas a coy subservient wife gets everything her way indirectly, without the husband even suspecting that he has been manipulated. Obama forced the health care issue through Congress, and now the young get to pay for the health care already promised to the old. You can’t raise taxes in a depression and expect increased revenue. Revenues are dropping even at the current rate of taxation; less and less people are working.

Now there is a call to tax the rich. It sounds so easy and simple. Most of them fill out their own W-2 forms; they can easily hide their earnings. A lot of wealthy people donate to charities and get a tax deduction. They have a choice, give it to the government who will waste it (that's a personal opinion), or give it to a charity and appear to be magnanimous. Look for this loophole to disappear.

Let’s step back for a moment and examine where we are. As a country, we saved nothing for a rainy day. Congress spent every dime collected; they even spent our Social Security funds. Our nation has fallen on hard times caused by economic pursuits that were designed to fail because of human greed. We probably can cite Congress for enjoying the party while it lasted; they were asleep at the switch. They couldn’t afford to pay for infrastructure when times were good and now all of a sudden, it seems like a good idea when the country is broke. Its kind of like having no money to feed the kids and wife, but having 50 dollars for the hooker next door.

Obama’s latest way to save the taxpayer is with more government regulation. The neat thing about this is when you create government regulatory agencies, they get to enforce regulations they feel are necessary without the need for further legislative approval.

The latest idiotic piece of government lunacy revolves around debit card charges. Here we have the Consumer Protection Agency telling banks what they can charge merchants accepting the card. All of a sudden it’s against the law to make a profit? The net effect, Bank of America raises debit card fees $5 a month. Everyone thinks this is outrageous and something needs to be done about it. If you read between the lines, B of A doesn’t want to mess with debit cards anymore. It’s unprofitable for the bank, the customers who use them, are living paycheck to paycheck. It’s a little like what Sprint did when it dumped customers who called the help desk too much. 60 percent of the help calls were from 5% of its customers. B of A won’t lose a dime on the customers who walk.

Government regulation is killing this country. Our captain at the helm is going to save us with more Nazi rules and regulations. It's "full speed ahead, damn Congress and the National Debt." It's a little like a hooker offering customers pills to prevent AIDS. Business couldn't be better. The customers like the added "protection." You kind of have to wonder, how dumb is dumb?