As a part of the bailouts the government has already taken part ownership of troubled financial institutions and General Motors. There is a proposal for expanded Medicare for everyone. Now President Obama is proposing financial reforms that would create a new agency to oversee financial institutions. This would add new executive powers. Our country is in the midst of the worst economic crisis since The Great Depression. Obviously there is a need for reform to our financial and health care systems but has Obama’s new proposals gone to far? Is the executive branch grabbing too much power? Is yet another government agency going to make things better? Do we really need a bigger government? Are some of these proposals unrealistic?
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