October 5, 2009
Here in my little blog, I’ve been critical of President Obama and people in his administration because of their policies and their philosophies with which I very much disagree. Some might conclude from that that I was a rabid George W. Bush supporter, but they would be wrong.
I did vote for George W. Bush twice and each time I thought he was better for the country than his opponent. But “better” is a relative word. Something that is “better” than the worst possible “something” can still be really bad.
I didn’t agree with George W. Bush on a lot of things, like Illegal Immigration (just build the wall!), the establishment of the Department of Homeland Security (more bureaucracy doesn’t help the War on Terror) and “Compassionate Conservatism” (just an excuse to spend the taxpayers’ money). In short George W. Bush was too liberal for me.
Now information has come to light that, in my opinion is nothing less than a scandal. We heard whisperings about it when the changing of the guard was taking place in January. Apparently it is true that Bush Administration Treasury Secretary Hank Paulson FORCED a dozen financial institutions to take bailout money in order to gain control of them. Most of the banks didn’t want to take the money but Paulson threatened to “take their stock”, which would essentially be a nationalizing of the banks.
Then when the banks were beholden to the Feds for taking the money, Treasury put the screws to them, investigating executive compensation and other activities.
It’s easy to look at the activities of the Obama Administration and cry “Communism” or even “Fascism”, but the current Administration apparently has nothing on the Bush Treasury Department for wanting heavy-handed socialist control of private business.
