Well I watched President Obama's State of the Union address on The White House Live. I dont know about the rest of you guys, but I get the feeling nothings going to be changing anytime soon.

While Obama remains confedent that he is on track, I am not so sure. Many of his ideas bother me. Take for instance his thoughts on fogiving college loans after 20 years, and that only 10% of a students salary can be taken to pay for it. I dont know about you, but most students arent making any money. 10% of nothing still leaves nothing. What about all the people in the past whom have had to pay their way? I dont have a problem with people getting an education, but I know many people with an education that are really no more intellegent today than when I knew them in grade school. I know some people that just plan to be life students and wish to use school as a scape goat to shrug on responsibility or obligations. Too many times people lose sight of why they are going to school. People going to school to be Dr's, Lawyers, and such to make a living in them fields are excluded. They know what they are working for, there is a clear objective for them and a need for their services. The people going to school for pleasure, without a clear goal to apply their knowledge should have to foot the bill.

There are so many other issues he does not seem to be genuine about. He has all but given up on healthcare because his party isnt getting it right. Obama has had a Democratic majority in the House and Senate for a year and yet NOTHING HAS BEEN DONE.

After feeling the pinch of Massachusetts Obama is just now saying "Hey we need to create more jobs", when really that should have been his focus the day he got handed the stimulus bill. Who here doesnt think healthcare was just a distraction while they just wasted away most of that money?

As a small business owner I have read the writing on the wall back in 2008 when Obama started his campain lowering the moral of Americans. What could have just been a bad year turned into a Depression, what could have been government stimulus loans to banks willing to tow the line for the American people, while letting the greedy banks and institutions whom created this mess fail turned into a Bail-Out.

What I did was downsize everything. SLASH SPENDING ACROSS THE BOARD. If a bill could not be reduced, it was elemenated. Right now my cost of opperation is 1000% less than ever. Almost the same cost of opperation when I opened up in 2001 with nothing more than a tool box and some papers. I watch closely as people fall farter in debt paying for Internet, Telephone, and utillity bills which are the real leaches of any budget. I dont see Obama tackling these free enterprise companies. Gas is almost back at $3.00 a gallon. Natural Gas cost which are regulated somewhat by local Government are WAY OUT OF CONTROL as well.

It's enough to make anyone sick. I read the horror stories about people loosing their homes thru the Obama Mortgage Re-Finance plan because they now find themselfs upside down on their homes. Truth is the banks are still going to kick these people out of their homes, its just more work for them to do it now. The refinance amounts I keep hearing about are usually only $100-$200 less a month, hardly a diffrence that will make when part of qualifying for the plan requires you are 3 months behind! 

The real problem with banks is this-

Banks have too much incentive to write off debt. They stand to gain more money forclosing on the house. Some carry mortgage insurance that pays the bank should the loan default, and others are Veterans that have 50% guranteed by the government. Under the Obama plan there is nothing to stop fee's while your drowning in debt, so the smaller payment you make is just more money for the bank before they slaughter the pig (so to speak). The bank holds title to the home, and really they will just kick someone out, then sell it to someone else for pennies on the dollar. Why cant they just do that with the people in the homes now? Because the banks would stand to loose all that money, rather than collect it from the insurance company or write it off as a loss for several years while it sits empty and falls apart.

The problems with the banks is that they have too much incentive to write off a loss, rather than work with the customer.

The problem with Obama is that he fucked around with healthcare for a year, now he is dropping it like a hot potato. That sends a very strong message that he was never listening to people in the first place, that his campaign about the economy was only propganda to get him in the White House.