Slashing earmarks and pork was one of President Obama's campaign pledges. Now, more than a year into the Obama administration, most lawmakers are still pigging out.
So who are the few who are not bringing home the bacon? As part of CNN's special series "Broken Government," our Ali Velshi reports from the "Earmarks Desk."
Slashing earmarks and pork was one of President Obama's campaign pledges. .....because President Obama and Congress can not seem to slash earmarks, EARMARKS need to be eliminated! President Obama is the worst offender of trying to pass off earmarks as if it's necesssary spending. If an EARMARK is needed it can stand on it's own as a bill! Just another of Obama's words that not don't match his actions. Obama's campaign versus his actions...means he'll be a one term prez!
..In response to '"Broken Government", how does one not become fed-up with the behavior of our elected officials who live within the" Ivory Towers" surrounded by the Beltway . How do we feel that we're all equal when several appointed cabinet members and others "forgot to pay their taxes"! How are we to feel about the "Pork Barreling". Did not a certain leader of congress get money to get the economy going again to a little island that supports this persons pig or chicken farm! [This I Heard on your show. Why not a follow up on that?] Further, why did the "hide the money in the freezer " chap be dealt with! How about Mr. Wrangle, who forgot to pay taxes on his paradise island, get away with his illegality not be dismissed? Onto the juvenal partisan behavior.....! Enough said.
Earmarks are an absurdity for the U.S. since they are not subject to proper scrutiny and so the ability of people in Congress to obtain them is not in keeping with a representative democracy, but rather is more appropriate in an oligarchic dictatorship. It's "We get and you pay" in the extreme.
We need to go back to the root of the problem and that is adjustable rate mortgages shot up at the same time gasoline prices went through the roof and left the home owner with the option of either making the mortgage payment or buying gas & groceries for the family!
No person with a mortgage is going to spend $15,000 – $25,000 to do a kitchen & bathroom remodel, when they can not be assured the company they work for will not be bought out and move their jobs to some 3rd world country. They watch the news and know the banks are anxious to foreclose on them without thinking twice!
Without a confident consumer, spending money in the market place, the demand for product goes down, businesses start laying off and the economy grinds to a halt.
We have found that giving stimulus money to the banks IS NOT WORKING! They are greedy people who only care only about where their next big bonus will come from. If the banks won't loan to people who really need it, what good are they and how will this help the economy?
If we want to make a difference we need to get the money to the home owner. When the root of the problem is resolved, everything else will fall into place. Demand for product will increase and employers will need to hire more workers. When people have jobs, they spend money.
The argument that these propel should have known better, should also apply to the banks who made the loans in the first place!
We need to help people refinance their homes to an affordable payment! If they are unemployed or have experienced a significant loss of income, they can choose forego making a mortgage payment for up to 12 months. Those 12 months can be added to the backend of the loan. This is where the Fed should be putting the stimulus money! People want their homes! When people are able to make their payments, the banks don't have to foreclose and they make money! If the banks are making money they no longer require bailout money.
To sum it up, giving money to the banks is not working! It is a temporary fix! They will only want more and more!
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