Obama - Talk First with No Real Action

Sorry President Obama, but I'm now terribly disappointed with your continuous public posturing after the cash has gone out the door.

Today you're doing it yet again, spouting the noise that the AIG $165 million in bonus' should not have happened.

You didn't mention the $10 million Mr. Pandit of Citi bank collected from the taxpayers. Or the almost $10 million Mr. Lewis of Bank of America collected from us taxpayers. You didn't bother to mention the $165 million plus of TARP (Taxpayers Are Ripped Period) money that was redirected from the U.S. banks and handed over to Goldman Sachs (another of Mr. Paulson's friends and family program.) and foreign banks.

So far, it seems to me that you talk the talk for self promotion, but your policies are no better than your predecessor's. You have now presided over the redistribution of the average American's earnings into the hands of a small number of already rich and wealthy with the mantra "that no big financial institution shall fail".

Well, what about all of us that are failing and suffering?

While you polish your image with TV speeches, we're getting laid off, going without health insurance, wiping out our savings, losing our homes, and suffering more and more every day.

So here are my suggestions that would help the 15 million formerly working that you could immediately implement:

1. Increase the unemployment benefit to two times the local poverty wage level;
2. Exempt unemployment from all Federal, Social Security, Medicaid, and State taxes;
3. Have the Federal Government pay the both the employer and employee portions on unemployment benefit income for Federal, Social Security, Medicaid, and State taxes;
4. Have the Federal Government provide zero-cost medical insurance for the unemployed;
5. Extend unemployment benefits to when the individual returns to work at 75% of their former income, not the imaginary current weekly limit.

And, by the way, what stuff do you smoke that has you believing that 50+ year old former managers are going to get jobs building roads and electric grids? Come on now, please get real.

The Best Money Guy