Let me illustrate just how Obama, and his cohorts, are making fools out of the Liberals and Democrats who voted for them and support them:
Obama spanked big business and the CEO's with one hand, stuffed their pockets with a lot of cash with the other hand, and is creating a government run entity where everyone, supporters and non-supporters alike, are going to have to be taxed even more to prop up these businesses and CEO's in the future.
In other words, Obama is making fools out of his supporters. He is NOT redistributing any wealth; Does anyone think they will see any of that money again? Not a chance.
In his, and Congresses rush, to "FIX" everything, they have squandered trillions of taxpayers cash that could have gone to education, health care, environmental improvement and protection, energy, etc.
Laws and legislation are already on the books to deal with businesses and individuals who cannot make all their payments and keep current on their debts. It is called "bankruptcy". It is meant to HELP anyone, businesses and individuals alike, to restructure their debts, and catch up to, and keep current with, what they have not been able to pay. Many, many, individuals and businesses alike have gone through bankruptcy and come out with all their bills paid and repaired their credit ratings.
Another way Obama and Congress is making fools out of the American People, is by letting these CEO's and companies take government money (our money), without any repayment structure. This avoids bankruptcy, which would force companies to supply detailed documentation of ALL THEIR FINANCES AND ASSETS. This is a basic function of bankruptcy-detailed disclosure of all assets to enable a bankruptcy judge, and trustee, to determine a payment structure to all creditors. This plan, approved by the judge and trustee, enables the companies and individuals involved, to get repaid for their products and services, by the owing parties. If the repayment plan is completed, no one loses. Every one is repaid, and a credit rating can be repaired.
THE PRIME REASON THESE LARGE COMPANIES DID NOT WANT TO FILE BANKRUPTCY, IS THAT THEY WOULD HAVE TO DIVULGE ALL THEIR FINANCES AND ASSETS.
So; Obama is helping these CEO's and businesses hide all their assets and get free bailout money in addition. The American People are getting screwed by Obama and these Companies.
Of course, Obama and Congress also see the potential for "buying" votes and constituents.
The main stream media is also complicit in making fools out of the American People for not exposing these facts.
I really cannot understand why anyone would entrust this Congress and Obama to get away with making fools out of so many good Americans. Some people choose to be fools, I guess.