In a thought that could have come out of the leaders of the Union of Soviet Socialist Republics (USSR) of old, President Obama said: “…We don't want every single college grad with mathematical aptitude to become a derivatives trader. We want some of them to go into engineering, and we want some of them to be going into computer design." That thought might be true, but it is a scary thought never the less.

The reason that line scares me, is not because we do not need experts in all areas of knowledge, it is because if your son wants to be a derivatives trader, he should be just that, provided he meets the requirements. It is not up to the government to tell you what you should or should not be.

I initially open my word processor with the idea to tackle a headline on the Drudge Report where Obama says that the financial sector is to shrink.

In his words: “The financial sector will make up a smaller part of the U.S. economy in the future as new regulations clamp down on "massive risk-taking,"

To the nearsighted, it seems that businesses have gone awry and lose control of their operations. The President blames businesses for all the risk-taking, and the loses that followed. The Unions speak about greed, and the uninitiated in economic matters blames whomever.

Everybody wants to point fingers, and nobody seems to be willing to accept their part on our Nation’s economical debacle.

Well, what can I say?

There are a lot of people in our Nation that had become very successful, and with success comes money. Think about the oil company executives, who share in record earnings. Consider also the fact that for the most part, oil company earnings fuel more than cars, they also fuel the pension plans of millions of American retirees.

Consider MSNBC’s parent company, General Electric. Their stock has gone down. However, Forbes.com lists GE CEO’s, Jeffrey Immelt, last five years compensation as $53 million dollars (http://www.forbes.com/static/pvp2005/LIR67G5.html). Also remember that GE still sells supplies to Iran. The same Iran that is directly responsible for the death of some of our American Soldiers.

Remember Franklin Raines? President Clinton’s budget director, one of President Obama’s economic advisors during his campaign, and former Fannie Mae Chief, was compensated more than $ 90.12 million over a six year period; even though he had overestimated Fannie’s solvency by the tune of$10.6 Billions (http://article.nationalreview.com/print/?q=NDA4YTY1N2ZhMDhmNjIwNTk4OTI2MDYxZWU4NDg1Y2Q=) in order to continue paying their overinflated salaries and perks.

So yes, there has being and still is plenty of greed to go around in the world of economics. But, the problem is not so much that our economic system is unregulated, but that is regulated too much.

Wait, how in the world can I say something like that? Especially when I have provided tangible evidence of greed and corruption in economic industries; that would not make sense…

Well, we have plenty of rules in the books to deal with corruption. Once it is found, the rules are to be applied. But we do not need the government to stick their noses in the private sector. That is not their jobs, and when you put incompetent individuals to investigate, and regulate, you end up with even more nonsense. Think about it. Congress cannot keep their own cafeteria running without tax dollars subsidies; they cannot manage the Social Security Administration, they made a mess out of the Veterans Administration… These incompetent politicians have no idea, no knowledge about how the economy works, and still do not even have the common sense to keep their mouth shut.

When the President accuses Wall Street of risky behavior, according to the context, he is thinking of the mortgage industry. The mortgage industry was doing fine until Congress and a few activist organizations (ACORN?) forced the bankers’ hands to lower their credit standards, thus converting perfectly safe loans into an economic trap. Because now bankers were forced to lend money to people that under normal circumstances would be unable to pay such loans back, the whole house cards came tumbling down. And when some conscious politicians attempted to bring the problem into the open, they were mocked, ridiculed, and accused of hating the poor. Maxine Waters, Barney Frank, Chris Dodd, tried their darnest to shift the blame to the Regulator, and later on, just brushed off their part in the whole sordid mess.

Nonsense? Check out the video at http://www.conservative–ideals.com under Weasels club. When Former President Clinton states that the Democrats got on his way and in the Republicans way of reforming the Housing Industry…

So, right now Obama wants to shrink the economic sector and grow the government, does that make any sense?

Government only produces bureaucratic incompetence. For the most part of the 20^th Century, the economic sector gave us a standard of living where the poorest among us lives like a king or queen when compared to other Nations.

It is outrageous to believe that the government needs to shrink our Economic sector. If anything, government needs to shrink itself and get out of our way.