So far, it has been nothing short of corporate welfare free-for-all mentality with billions of taxpayer dollars being around. Today, on the news, President Obama was instructing Congress that he wanted to see budget cuts (CNN, February, 2009). He has not even implemented one of the costly campaign pledges that he ran on, assuring Americans there would be a national healthcare program, that American would close the terrorist prison in Guantanamo Bay, bring home the soldiers from Iraq, and, at the same time, increase the American troop presence in Afghanistan. These are all campaign promises that have big ticket price tags attached, and at the same time that the president is asking for budget cuts. The fear that this president is in over his head is beginning to take hold. There is no simple solution, and whether or not the bail outs will work will only be proven over time, and if they fail, it was money poorly spent. In 2004, Charles R. Geisst, in his book, Wall Street: A History from its Beginning to the Fall of Enron, predicted what manifested itself in 2008 (375); and still we were surprised.

Works Cited

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