Posts Tagged ‘michael cohen’

America’s Misplaced Anger???

November 2, 2010

Here is an opinion piece that is posted at AOL, written by Michael Cohen.  I read many articles from many sources, but sometimes, some articles I just can not let go unchallenged.  I have chosen this one to place here, as I think my comments would be too long for their site.

First a quote from the opinion:

“In reality, bank bailouts have actually turned a healthy multibillion-dollar profit.”

My question to Mr. Cohen, “where, specifically, have you determined that the “bank bailouts” have turned a profit??  Have you, Mr Cohen, included in YOUR calculations, the “bailouts” to AIG, Fannie Mae and Freddie Mac??  I guarantee that you have NOT included these payoffs to favored entities, also known as banks, in your calculations.  THEY are STILL taking money (Billions a quarter) from US (this stat was just released last month), the American taxpayers.

Another quote:

“What about Congress? Here again, Americans have very little sense of what their representatives have actually done. Over the past two years a Democratic-controlled Congress passed comprehensive health care reform, reformed the student loan program, overhauled the financial system and passed a nearly $800 billion stimulus measure.”

What about Congress, Mr Cohen?  THEY are supposed to REPRESENT their constituents in congress.  That is US.  These programs, ALL of them, were all opposed by MORE than 50% of US (from almost ALL opinion polls), their constituents.  So, to say that they actually DID something is correct, the problem is that the American public as a whole did NOT want these actions!!  So, to imply that these were positive accomplishments, is either naive or deceitful.

Another quote:

“The policies enacted by Democrats have — whether one agrees with them or not — created nearly 3 million jobs…”

Unfortunately, Mr. Cohen, assuming of course that your statement is accurate, the USA NEEDED about 5 Million MORE jobs to be created during this time period, for it to reduce the unemployment rate to around 5% (from the Bureau of Labor Statistics).  Where are these “3 million jobs” that the “policies of the Democrats” created??  Were they low paying, temporary census jobs?  I want to know, specifically, where you get your numbers.  One could argue, that your democrats policies have HINDERED job creation, and have made the situation much worse than it would have been. 

Another quote:

“In short, the policy agenda — whether one opposes it or not — has been tailored to relieving the economic burden on the American people.”

One, who opposes the policy agenda, could argue that the “economic burden” on the American people has been exacerbated by the policies of the Democrats of the 111th Congress and that THEY have failed miserably.  I could go on critiquing this article, however, I will wait for a response based on facts.

My main comment to Mr. Cohen, is this.  If you would like to continue to post YOUR opinion, please, provide the sources of statements, that you make as facts.  If you would like to debate the pros and cons of your opinion, there are many who will do so.  But, please, start with a full understanding of the FACTS!