Obama ~ Global Hope???

Well, as Pres. Obama prepares to fly to the G20 summit with his 500 staffers including secret service, secretaries, advisors, doctors, and even his white house chefs, we look to the global economy and especially to the "great one" to fix this massive international mess. Right? RIGHT?

Well, Tim Geithner certainly believes in a global solution. Seeing as how Geithner is Pres. Obama's main man when it comes to the economy this quote is scary.

"Our hope, is that we can work with Europe on a global framework, a global infrastructure which has appropriate global oversight . . . "

Match this with his other statements on regulation and the picture comes into focus. “Our system failed in fundamental ways,” Tim Geithner told the House Financial Services Committee “To address this will require comprehensive reform. Not modest repairs at the margin, but new rules of the game.” Geithner went on to call for “better, smarter tougher regulation.”

What regulations is he talking about? Hmmmm... how about allowing for the government takeover of any company in trouble that is "too big to fail?" Yup. He is calling for regulation of private investments, hedge funds, 401 Ks, money market funds, loans, and well every part of the financial sector.

But let us not jump to conclusions... surely Obama does not want this mess. He said in his state of the union address just a little bit ago that he did not want big government. Right? What is Pres. Obama saying?

Well in the Chicago Tribune just last week President Barack Obama said, "But I also know, that we need not choose between a chaotic and unforgiving capitalism and an oppressive government-run economy. That is a false choice that will not serve our people or any people." Seems that he is paving the way for more regulation... doesn't it?