AP article, May 6, 2009 - "Trying to curb home foreclosures, the Senate voted on Wednesday to make it easier for homeowners with risky credit to switch to a lower-cost mortgage backed by the government. The bill, passed 91-5, also would give banks a break by encouraging reduced fees they must pay for the government to insure deposits."
Everyone knows that easy credit (coupled with no real regulatory watchdogs manning the oversight since they were getting bankrolled not to) is what helped get us into the mess we are in now. Too many citizens with shoddy credit getting risky loans with little money down and no real income to support the loan to begin with. Having had hearing after hearing lambasting all the Angelo Mozillo's, Lehman Bros and Ken Lewis' of the world and telling them it was the fact that they provided too many loans to risky borrowers, what is congress proposing to do as of today? You guessed it. Make loans to risky borrowers easier to get. This is your government in overdrive trying everything they can to spur lending activity so that it will demonstrate, no matter how erroneously, that or economy is getting stronger by showing that banks are lending again. Guess who is backing these loans? Could you believe its the government (which means the taxpayers)? We already back all the defunct loans now through Freddie Mac and Fannie Mae so why not add more coal to the fire?
It absolutely amazes me that our government can get away with this without any uprising from the people. Of course, its hard to get the people to rise up when they are uneducated due to the fact that the media will spin this news in a way that makes you think its actually a positive, not only in the short term but also in the long run.
So the taxpayer is the backer of the toxic asset program, the FDIC insurance on all bank accounts less than $250(k) although I have Citibank guaranteeing up to $1 million until the end of the year, AIG, Citibank, FNM/FRE, Amtrak and soon to be Muni bonds if Barney Frank has his way. Yet, so many of us shrug our shoulders and just say, 'whatever'. Of course, they shrug now because Obama can't do anything wrong according to his worshipers but if this was Bush guaranteeing the potential fall out after having loaded up the taxpayer with deficits from here to the moon you can bet your last penny that the media storm would be a category 5 right now.
Give it time...when the far left liberal agenda fails miserably many of you will wonder why you ever voted for the smooth talking, good looking, black man who holds hands with his wife and plays with their children and dog...Didn't Bush hold hands with his wife, have a loving dog, and have 2 girls that had a good relationship with their father? But somehow it means so much more when its the current White House family. Interesting?
Enjoy the default and foreclosure's that will surely come despite this government guaranty!
Wednesday, May 6, 2009
Obama doctrine: "Don't blame me"
As of inauguration day and leading up to the passage of the $787 billion stimulus bill Obama and his minions were blabbing to any open mic and tv camera about how terrible this economy was that he inherited. Remember his now famous quote to a group of workers in Michigan when asked about the deficits, "Don't blame me" was his retort. When he was at the Summit of the America's and Ortega went on his long rant about Central America's opposition to U.S. Policy, Obama took the mic and responded, “I’m grateful President Ortega did not blame me for things that happened when I was three months old." When Bill Ayers came up during the campaign about his bombings Obama said, "I was eight years old." So from his character associations with past terrorists, to his inherited budget deficit and to his American apology tour the simple underlying theme was "Don't blame me, it didn't happen on my watch."
So I guess he wasn't a senator with a vote in 2005, 2006, 2007, & 2008. Oh yeah, he was and he voted 'no' on Bush's budgets which were 1/3 less than Obama just signed into law. He campaigned on 'reducing the deficit and cutting spending should be our number one priority to help grow the economy.' But in defiance of logic and in direct contrast to what he campaigned on what are his actions? He intends to triple the deficit and grow spending...well, except for the $17 billion he found to cut by going line by line. Whew, thank God he found 1/2 of 1% to cut. Now our economy can truly grow. Bush, in his last budget found $34 billion to cut and democrats said that wasn't enough. Funny how now those same dems are hailing Obama a hero for 'cutting spending'. Seriously, are there still educated people in this country and that actually read?
Ayers was of course a situation that happened many years ago when Obama was a small child. However, that doesn't excuse him from being friends with him and associating with the man. And we can 'Blame' Obama for being friends with him as that is fact. Obviously we can't take blame for other peoples actions but show me who your friends are and I will tell you what you are.
The apology tour that the liberal media here in the U.S. hailed as a success was nothing more than a 'please forgive America for all its past transgression's, we are truly sorry.' Sorry for what exactly President Obama? Liberating Europe (twice) from fascism and Nazism? Eliminating the enslaving of blacks from our land and defeating segregation? The cold war fight that all but ended Communism's spread? Or how about liberating Kuwait in the 1st gulf war when the UN authorized military action and 34 countries (including arab countries) joined the US in defeating Iraq? Or defeating Milosovich? Should we apologize for always being at the back of Israel and supporting them while other rogue nations want nothing but to destroy them? Maybe we should apologize for always overflowingly giving money and aid to nations in need. Remember the 2005 Tsunami for example, I guess we should say sorry for helping. How about Bush's major push to fight the spread of Aids around the world:
So I guess he wasn't a senator with a vote in 2005, 2006, 2007, & 2008. Oh yeah, he was and he voted 'no' on Bush's budgets which were 1/3 less than Obama just signed into law. He campaigned on 'reducing the deficit and cutting spending should be our number one priority to help grow the economy.' But in defiance of logic and in direct contrast to what he campaigned on what are his actions? He intends to triple the deficit and grow spending...well, except for the $17 billion he found to cut by going line by line. Whew, thank God he found 1/2 of 1% to cut. Now our economy can truly grow. Bush, in his last budget found $34 billion to cut and democrats said that wasn't enough. Funny how now those same dems are hailing Obama a hero for 'cutting spending'. Seriously, are there still educated people in this country and that actually read?
Ayers was of course a situation that happened many years ago when Obama was a small child. However, that doesn't excuse him from being friends with him and associating with the man. And we can 'Blame' Obama for being friends with him as that is fact. Obviously we can't take blame for other peoples actions but show me who your friends are and I will tell you what you are.
The apology tour that the liberal media here in the U.S. hailed as a success was nothing more than a 'please forgive America for all its past transgression's, we are truly sorry.' Sorry for what exactly President Obama? Liberating Europe (twice) from fascism and Nazism? Eliminating the enslaving of blacks from our land and defeating segregation? The cold war fight that all but ended Communism's spread? Or how about liberating Kuwait in the 1st gulf war when the UN authorized military action and 34 countries (including arab countries) joined the US in defeating Iraq? Or defeating Milosovich? Should we apologize for always being at the back of Israel and supporting them while other rogue nations want nothing but to destroy them? Maybe we should apologize for always overflowingly giving money and aid to nations in need. Remember the 2005 Tsunami for example, I guess we should say sorry for helping. How about Bush's major push to fight the spread of Aids around the world:
"No world leader has done more for world health than President George Bush," said California megachurch pastor Rick Warren on the 20th anniversary of World AIDS Day. "Literally millions of lives have been saved in the last five years." As of Sept. 30, the initiative has provided lifesaving antiretroviral treatments for more than 2.1 million people around the world with HIV/AIDS, including 2 million in sub-Saharan Africa, according to the White House. The president proposed the program in January 2003 and has already put nearly $19 billion into funding for treatments, according to the White House. It was recently reauthorized by Congress in July, giving an additional $48 billion to ongoing efforts to combat the pandemic.
Tuesday, May 5, 2009
$384k and no photos?
It was learned today that the Obama administration, who created panic with a F-16 chaperoned 'photo-op fly over' of AF1, does not know where the photos are but we do know that it cost the American taxpayer over $380,000. So if the photos cannot be viewed by the taxpayer who paid for the fly over then isn't it our right under the freedom of information act to have these posted on MSNBC and CNN since its was them and the ACLU who so badly wanted the interrogation memo's leaked. What is more hurtful to national security, leaking CIA interrogation memo's or photos of our presidents plane flying over NYC? Now, with all the hoopla over the shenanigans pulled that day by Obama and his administration, in particular Obama coming out and saying he knew nothing about it, it bares asking...who is running the show in D.C.?
Do all sitting presidents allow their plane (owned by the taxpayer) to be borrowed for photo op events without the president knowing? So what happens if King Abdullah calls Barry O and says, "I need to see you right away and it cannot wait. Gas up your plane and meet me in Uzbekistan." Does BHO have to say, 'Sorry King Paula Abdul but my plane is being used to fly over and scare the hell out of a city of 15 million unsuspecting innocent civilians just so we can get some cool photos of Air Force One with the Statue of Liberty in the background. Can we make it for tomorrow when the rental is returned?'
This is a disgrace and its telling that Robert Gibbs, the white house press secretary, who looked as if he knew the question was going to be asked but couldn't hide and end the daily briefing quick enough. This administration has dropped the ball on so many things and flip flopped on more issues in one week than Clinton did in one month (and that is saying something). It leads the sane person to ask, just who is the president of the United States and where is his lead following? Notice the subtle play on words there.
Do all sitting presidents allow their plane (owned by the taxpayer) to be borrowed for photo op events without the president knowing? So what happens if King Abdullah calls Barry O and says, "I need to see you right away and it cannot wait. Gas up your plane and meet me in Uzbekistan." Does BHO have to say, 'Sorry King Paula Abdul but my plane is being used to fly over and scare the hell out of a city of 15 million unsuspecting innocent civilians just so we can get some cool photos of Air Force One with the Statue of Liberty in the background. Can we make it for tomorrow when the rental is returned?'
This is a disgrace and its telling that Robert Gibbs, the white house press secretary, who looked as if he knew the question was going to be asked but couldn't hide and end the daily briefing quick enough. This administration has dropped the ball on so many things and flip flopped on more issues in one week than Clinton did in one month (and that is saying something). It leads the sane person to ask, just who is the president of the United States and where is his lead following? Notice the subtle play on words there.
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