Commentary on Obama's 3/24 Press Conference

Here are my comments on President Obama's News Conference from 3/24: President Obama's plan to cut the budget deficit is to TAX the rich, spend money on socialized energy, socialized medicine, and public education and hopefully the revenues of the 2020s will outweigh the federal spending at the same time. I disagree, the best way to help the economy is to TRUST the American people. Allow the private sector to keep 80 to 90 per cent of the profits. The private sector should decide the cost of living and the cost of education. Education should be a fully privatized business with no property taxes or subsidies. Health care should keep the "emergency room law" (EMTALA), and should be deregulated so that people can buy whatever kind of health insurance they want. People should be willing to tell hospitals how much they will pay for medial care. Energy should be a private business that has few regulations and is made for profit. If the American people are ethical and wise they will the correct decisions in the free market. They will support the businesses that are ethical and trustworthy. President Obama believes that giving billions to banks, insurance companies and other financial instituation with strings tied tightly will solve the financial crisis. He believe that MORE regulations on banks is good and will help Americans get the homes that they want and the loans that they need. I disagree. I believe that if banks are not forced to give puny wages to their executives then those financial institutions will be run better. I believe that some banks and financial institutions should go bankrupt so that others can survive and come out better. I will have more comments on 3/27/09