Economy on "The Hill"

The thing that has become very apparent over the past couple of days with the congressional and Senate hearings, is that these folks have no idea what they are talking about. Tim Geithner giving a broad idea of what he wants to do with the money at a time when people are looking for specifics. He talked at length about the importance of doing something and was confident in the need to spend trillions, but was unable to come up with one detail as to how this will be accomplished.

It is amazing that the people in congress and on "The Hill" in our government, who publicly ridiculled the auto industry for not having a plan when asking for $25 billion, have been working since November, but are unable to come up with a detailed plan, as to how they will spend this money. They know it is very important to spend money on all sorts of projects and they know it is going to be good, but they can't tell us how they will do this and who will get the money. The fact that nothing has happened yet is a sign that they don't have any idea and anyone watching Mr. Geithner would soe to the same conclusion.

At the same time you have Barnie Frank and his committee with full access today to the eight CEO of our major financial institutions and they were unable to come up with any questions that showed any better knowledge of economics and business than your average 5th or 6th grader. After an entire day of testimony, we all learned absolutely nothing, except the fact that our lawmakers are out of touch and are at a loss as to what to do.

Well, how about this...give the money to people that will spend it before anything the Obama administration will do will have any affect, us the American people. A trillion dollars is enough money to give each American who worked in 2008 an extra years salary. Well, that is up to the very richest. You could give every family making under $250K a year an extra years worth and you know exactly what they would do; buy cars, buy homes, build, etc.

To think that the amount of power our government officials have, the access to funds and the absolute incompetence are all seeming to add up to more uncertainty. Please Mr. Obama, answer "The White House Phone" and do something that makes sense and actually accomplishes something. Well these are just a few thoughts and as always we welcome yours....