After reading the results of this last survey you put out about the “Spendulus” package I am just appalled buy the number of people that are so uneducated as to believe Barack Obama’s “Fear Mongering” about the doomed economy. After doing some homework I find the similarities between Jimmy Carter, Bill Clinton and Barack Obama so striking it scares me. Jimmy Carter also was elected just Barack Obama by “Fear Mongering.”
But then it was called “The Misery Index.” http://www.miseryindex.us/ Jimmy Carter also tried to spend his way out of the bad level of The “Misery Index.” Where did that get us when Jimmy Carter printed billions of dollars just like Barack Obama? It got us 23% interest that was demanded by the fed to curb the 13% inflation that was created by Jimmy Carter printing all that money that was not backed by gold in the US Treasury. Clearly what Barack Obama is selling you and all your constituents is a train wreck looking for a time and place to happen.
OK lets look at what it looks like Tim Geithner is proposing to do. Look and read this especially section “C”. http://bulk.resource.org/gpo.gov/register/2005/2005_10024.pdf.
Then read. http://bulk.resource.org/gpo.gov/register/2005/2005_10025.pdf
What Bill Clinton mandated the expansion of Jimmy Carter’s Community Reinvestment Act of 1977 in 1979, that was the catalyst that spurred banks and lending institutions to write more loans and meet the quotas that were to be kept score in #10025 above. This forced banks and lending institutions to figure out a way to write more loans to financially challenged people that could not qualify for a traditional 30 year loan. Thus the birth of “Creative Financing” aka “the sub prime loan.” What Tim Geithner is proposing to do is also force banks to write loans that they are not comfortable with. Congressman Schiff let me set up a scenario for you. Imagine you were an underwriter for home loans for any institution. Before you there was a pile of home loans for you to asses the risk management for. Mean while on the radio you have Barack Obama absolutely hammering away all day long making speeches that if “HIS” spending package doesn’t get passed very very bad things in our economy are going to get worse and last longer. And if you do pass it, it will take many years to fix itself if in fact it works at all. Congressman Schiff, how would you feel about putting that stamp of approval on that stack of loan applications?
PLEASE PLEASE do not listen to the Golden Tongue of Barack Obama’s propaganda or the acidic voice of Nancy Pelosi and do not pass this “Spendulus” package into law.
Here is an article in USA today indicating that we may, I say may be at the bottom with home loan foreclosures and we may not have to spend 780 Million dollars to restart the economy. It may be starting by itself. We all know that you can throw zillions of dollars at the economy but it will recover at it’s own pace. It is a natural cycle for the economy to repair itself. Because by and large democrats DO NOT understand SUPPLY and DEMAND, the principles of business and the fact that the American Economy and for that matter the World economy is a living. breathing. dynamic entirety that goes at is own pace. Sometimes an individual makes a very very serious decision that has a moving effect on the Economy like what Bill Clinton did or if you remember what the Hunt Brothers tried to do with silver. http://en.wikipedia.org/wiki/Nelson_Bunker_Hunt.
These created speed bumps in our economy. However Bill Clinton created a crevasse into which out economy fell into and Barack Obama is going to successfully keep us in.
I has been a while since I have posted any thoughts as I wanted to let time take it’s toll. In the past few months our country has deteriorated to almost the same level as the Great Economic Crash of 1929. The collapse of our economy is a well orchestrated plan by the Democratic Party to completely destroy any other party representing the American people in modern day politics, Thus making the United States a one party Socialist country. I also want to make it perfectly clear that if this was happening with the Republican Party the events would be just as detrimental to the well being and the freedoms and privileges that we as Americans have enjoyed up until now. This is a multiple party Democracy. I hope it remains that way to keep checks and balances in order.
The American people have voted and they have chosen a person to be president of the United States based mostly on the color of his skin. The American people have thrown aside any questions about qualifications or ulterior motives of the person they have put into office. The country is so caught up in Obama merchandising of commemorative pins, coins, songs, banners, comic books, bobbles, SWAG, buttons, banners and other items that are so insignificant to the problems that lay ahead of us in the near and long term future.
My own story is in the past three days I have found out that I have to come up with $25,000.00 in order to save my house. I am able to do it but it comes at a huge price and that is not spending any money to help grow the economy. This is exactly what I have not wanted to do all my life. I always felt that it was my patriotic duty is to spend money and keep the economy going. I can no longer do that.
Finally the damage that Bill Clinton inflicted on the United States of American by expanding the CRA of 1977 http://files.ots.treas.gov/65203.pdf finally has had a personal effect on me.
In a nut shell, Just as Barack Obama, Nancy Pelosi, Harry Reid and Barney Franks are creating a country of “entitlement without responsibility” today, so did the creators of the expansion of the CRA in 1995 and put into law by Bill Clinton in 1997.
I have been on leave for awhile just sitting back and watching the new administration being formed for Barack Obama”s “New Way to do business in Washington.”
I have been watching him put a great number of former Clintonistas back into power including Hillary herself. Now Appointing Hillary is a pretty crafty way for Barack to achieve job security. The best way for Barack Obama to keep Hillary from running against him in 2012 was to put her in his cabinet. Hillary is not qualified at all to be Secretary of of State. but Hillary’s appointment is a monkey off of Barack Obama’s back. By re-appointing a lot of the same people that contributed to the melt down of the economy during the Clinton era back into power just shows how unqualified Barack Obama really is. If Barack was really going to bring a “New Way of Doing Business In Washington” he would have never brought back anyone that only knows how to run Washington the “OLD WAY.”
Barack Obama has one huge problem on his hands…. no not the economy.. Nancy Pelosi. Out of the “DUMB BOX OF HAMMERS” ( Harry Reid, Barney Franks, Nancy Pelosi et al.) Nancy Pelosi seems to be the dumbest and the most incendiary dumb hammer in the box.
Now Nancy Pelosi is butting heads with Barack Obama… or will Barack Obama turn against the Republicans like a rabid junk yard dog and then absolutely nothing will get done for the next 4 years.
I find it so odd that Nancy Pelosi would attempt to bring criminal charges against the Republican party and not her own Democratic Party Members that were in office in 1997 when the mandates to systematically destroy the economy were put into place.
On this page you will find what exactly Bill Clinton Mandated. He put for that institutions shall be examined and rated. “and institute more effective sanctions against institutions with consistently poor performance.” This means that if loan organizations did not write enough loans to low income and unqualified people, the institutions would be penalized.
“Community and consumer groups also have criticized the agencies for failing aggressively to penalize banks and thrifts for poor performance.
Noting that the CRA examination process could be improved, President Clinton requested in July 1993 that the Federal financial supervisory agencies reform the CRA regulatory system. The President asked the agencies to consult with the banking and thrift industries, Congressional leaders, and leaders of community-based organizations across the country to develop new CRA regulations and examination procedures that ‘‘replace paperwork and uncertainty with greater performance, clarity, and objectivity.’’ Specifically, the President asked the agencies to refocus the CRA examination system on more objective, performance-based assessment standards that minimize compliance burden while stimulating improved performance. He also asked the agencies to develop a well-trained corps of examiners who would specialize in CRA examinations. The President requested that the agencies promote consistency and evenhandedness, improve CRA performance evaluations, and institute more effective sanctions against institutions with consistently poor performance.”
OK so now you are asking why I will not let this go. Here is the reason. I believe that Bill Clinton instituted the biggest crime against the economy by mandating the 1997 CRA reform act. He pitted the performance of the number of loans serviced in this country against the quality of the loans thus mandating that the institutions write a huge number of loans whether the loans had proper documentation or using creative, often corrupt loan instruments to people that could not qualify or ever pay back the monies owed on the mortgage, credit card or what ever type of credit program that the loan applicant had applied for.
I find it very offensive that the public view George W. Bush as the worst president ever. Ok so he was not the best. But he was not the cornerstone of our now failed economy.
To me, I would have thought that giving todays state of the economy that the following video (not from Fox News Network) would have been the death nail of the Democratic Party representitives that are in office now and at least for the next two years until elections in 2010. This shows the total disregard for the wishes of the American People as these legislators have put their own agenda ahead of what was really necessary for the good of the people of the United States of America.
The award of worst president ever would go to Bill Clinton’s and his adminstration (Barney Franks et al.) for setting up the mandates for greed that eventually took a toll on the stability and the currant collapse of the US Economy that we have today. And when the Bush adminstration called to light the impending disaster in 1993 the Clinton Adminstration (Yes the same people that are in office now.) repeatedly argued that there was no problem with Freddie Mac or Fannie Mae. I will never forget or forgive Bill Clinton and his adminstration for this disastrous decision. And what makes matters worse is that this fact was completely pushed under the carpet by everyone and the story has not been revealed to the public in any depth except by one or two stories on Fox New Network.
My point is that the people of this country have elected the political party of entitlement. We are seeing this in the way that Barack Obama is spending money. In addition instead of telling people that things will get better he is telling people things are going to get a lot worse. We know that is true. But why be so pessimistic and drive people to be so dependent on big government.
If this is any indicator of what we have in store for the future it will never get better again for a long time. In one of my earlier blogs I mentioned Rod Blagojevich who is in Barack Obama’s posse of corrupt Chicago politics. What I see in the future is that Barack Obama may…I stress may get involved with “Pay to Play” for the huge government contracts for infrastructure improvement. Maybe that will be Barack Obama’s Achilles heel. Time will tell.
OK on to my next topic. Jobs. Barack Obama says he is going to create 3 million new jobs. My question is jobs for who? If Barack Obama had said I’m going to create 3 millions jobs for American Citizens and not for illegal immigrants, I would be happy. But Barack Obama is not making any provisions like that. So now Barack Obama has turned the green light back on for an explosion of Illegal Immigrants from all over the world especially from south of the border.
OK so we all know that the Unions of this country by and large helped put Barack Obama into power. If Barack Obama empowers unions to get established in more occupations, thus increasing costs of business operation, we will see even more jobs go overseas.
Finally, I want to ask Barack Obama how he is going to pay for the trillions of dollars of entitlement bestowed on the citizens of the United States. He is spending money that does not exist so it has to be printed. Ok so now my dollar will be worth .. oh say .. $0.20. Wow just like any other third world nation. How about that?
Who is going to pay back the trillions of dollars you are spending Barack Obama? The only real source there is are the Baby Boomers. And they will be fading to black soon. So who will pay that back and at what rate? 60% Income tax for what is left of the middle class and 80% for 1% of the wealthy that are left in the US?
Thank you Bill Clinton, Barack Obama, Nancy Pelosi, Barney Franks and Harry Reid for bringing us the next 8 years (Barack Obama will rig it so he gets elected to a second term) of economic and social hell.
Barack is bashing bankers while sticking his hand in their pockets. He is also taking huge amounts of money from lobbyists that he favors.
In a nut shell he has brainwashed both rich and the very poor to BUY his election. Barack Obama has no creditable qualifications other than being a very convincing Marxist Socialist dictator. I am so livid that we are allowing history to repeat it self by permitting a Marxist Dictator to take over this country.
If Brian Williams worked at a fair and balanced news organization then NBC and MSNBC would do a segment about Barack Obama and the “Fleecing of America” But alas NBC and MSNBC are hurting for ratings so they don’t want to do any real reporting on exactly what Barack Obama is doing this great country
Isn’t it obvious that this Barack Obama is not the normal patriotic politician running for the President of the United States. The way he is amassing Power and Money. Doesn’t this seem strange to anyone except me?
This is not a normal election. People have be captured by mob action here. The voting public has no idea why the are voting for Barack Obama except for “I like what he is telling Us.’ Why can’t people see that this is just a boondoggle against humanity.
Something is really really wrong here. I am now more afraid of what the future will bring than right after 9/11. I don’t like it folks and when it comes to judgement of personalities I have not been wrong more than a couple of times in my life.
Just listen to the demeanor in his voice. This is the demeanor of a dictator. Watch a tape of Barack and then watch a tape of any dictator in history. The inflection in his voice. The way he holds his head up to talk down to people.
I think what he is doing to John Mc Cain is just criminal. Before the in the primaries Barack Obama promised to stick to campaign spending limits. That money comes from the $1.00 check box on your IRS form that uses that money for campaign spending for the candidates in the final weeks.
Well, Barack Obama was just lying. He had no intention of keeping that promise. That was the very, very first blatant lie that he told the public. My friends that was the first red flag that was thrown in my face to start to see that Barack Obama is a lier and has no intetntion of keeping any of the promises that he has made.
Once he gets in control, Between Barack Obama and a very, very nasty person named Nancy Pelosi the economy will just crumble under the weight of taxes. Small and large businesses will never stand a chance.
Dark days are ahead for us unless Barack Obama is defeated along with the Marxist Socialist one party rule that this country will capitulate to.
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