Happy New Year 2009
Hopefully, the new year and the new administration will bring a new sensibility to Washington. The devastation left by the outgoing Republican George W. Bush Administration will be more than hard to correct, but a new vision and a realization of the purpose of Government might just be enough to begin the long journey to righting the ship of state. Before Mr. Obama even takes office the challenges are growing daily. The Bush Administration is hell-bent on doling out the remainder of the TARP money without any oversight. They are declaring Corporations to be bank holding companies so that they can receive a chunk of the money before the Republicans flee Washington and join the Corporations that received the government largess. The Obama Administration must not shy away from investigating all of these handouts to these Corporations in the last few months. They must not only investigate why this money was given out but also what was done with it and why it has failed to free up the credit...