Listening to the week-end
talk shows, it was all about the Democrats upcoming show in Charlotte. The shows were full of commentary and talking
points but not much else. The three big
guns of Sunday talk shows, Chris Wallace, Bob Shieffer, and George Stephanopoulos
all asked some of the main questions.
The most telling question and answer came from one of the leading
Democrat up comers, Maryland Governor Martin O’Malley, when asked, “are the
American people better off today than four years ago?”, and his answer “no, but
that is not the question before us this election”. What a obtuse absence of reality. That was a pure example of what we are going
to get out of this convention.
Deflection of the real substance, of what should be topical for
discussion, seems to be the standard response from the Democratic party and its
ardent followers. Unfortunately this is
factual from their perspective perch above the American people. When it comes to the re-election of Mr.
Obama, anything goes and what goes first are the facts.
The blame game, regarding the Recession, will undoubtedly come into
great play with the principle target of the Bush administration and the GOP
playing the part of the target with the Tea Party as the backup. The fact of the matter is obscured and masked
by propaganda attack which hides the complete story of greed. The greed is not that of President Bush and
his administration but is spread throughout our society and was originally
fostered by the not so benign intent of allowing home ownership to those who
were economically unable to afford the purchases. This comes to rest at the foot of the
Democrats under President Clinton, who pressured the banking industry, by law,
to relax traditional lending practices.
The fault is not that of Bush, Wall Street, the banking industry or even
those allowed to acquire, normally unobtainable, loans. The fault lies in a broken social structure
that racially fights to support racial dysfunction. The Democratic Party, in its zest to prove
its worth, in the fight for racial equality, performed another exercise in “unintended
consequence”. This originated with that
party, and was further exacerbated with actions to pressure lenders, and to
deny the application of new regulatory measures proposed by the Bush
administration in its beginning of the second term. One of the most notable examples of pressure applied
is that of the red line class action suit in Chicago against the Bank of America
in which the accusers prevailed. This suit is one of, then community
organizer, Barack Obama’s career highlights.
In this suit he argued that Bank of America was discriminating in
lending based on area and the suit was a class action suit representing 196
litigants. Bank of America was literally
forced to remove their restrictions for these loans, and basically told they
should not restrict similar lending in these areas. Only 25 of the original 196 loans have
survived. A great source for factual
information regarding the Housing bubble fiasco is, http://ezinearticles.com/?The-Great-Housing-Bubble---Who-is-Responsible?&id=1971248
.
I am sure
that another of the positive topics will be the greatness of President Obama’s
part in the salvation of our economy, and General Motors, through the wise use
of the stimulus money so graciously provided him by the American
citizenry. Democrats are quick to make
the case that had “The Recovery Act” (stimulus)” not occurred our country would
have fallen off the wall and like Humptey Dumptey could not have been put back
together again. The factual basis for
this argument does not exist and in truth is nothing more than supposition
promoted by the “Smoke and Mirrors” that we were sold as “Hope and Change”. There is an unending list of these funds
being miss-used, wasted, and not used in a timely fashion. So many in fact that it is mind boggling that
the Democratic party would even use this as a talking point. Three years after the swearing in of
President Obama a large portion of these funds are still to be put to work in a
economy in need of jobs, trade, and psychological uplift. The President and his surrogates continue to
tout the creation of 4 million new jobs in the private sector under his
administration, that comes to an average of less than one hundred thousand per
month when it requires over two hundred fifty thousand to keep up with
population growth. We can disregard the
stimulus cost per job created, which is about two hundred thousand per
job. What a deal. The majority of the stimulus funds went
toward backing projects involving labor unions and other big contributors to
the Obama ascension to the Presidency, and to those projects that are on the
side of the “Green” movement. Regarding
General Motors there is very little mention of the dealerships, and the small
businesses supporting them, that were forced to close. No mention of the fact of how many of those
80 billion dollars were used to build GMs business in China (from whom we had
to borrow the money in the first place), instead of using that money to build
jobs in our own country. In the so
called saving of General Motors the act of placing union debt owed ahead of
share holders was just one more example of rewarding the unions for their
support of the President’s election and the pillaging of millions of
shareholders relying on their original investment in General Motors shares for
their retirement and college funds.
Disgusting. The President and the
Democratic Party have led us to believe that when Presidential nominee Mitt
Romney stated that General Motors and Chrysler should not have been bailed out
and suggested they go through the normal bankruptcy process, was wrong and
somehow was in favor of the loss of these great companies. The truth of the matter is that the process
the President used was quite similar to bankruptcy except the American tax
payer will apparently lose some 30 to 40 Billion dollars, the shareholders only
received ten cents on the dollar, the unions received all of their benefits,
and thousand of dealership and backup support employees are out of work. Chrysler by the way is no longer an American
owned iconic company, it is owned by Fiat of Italy. This President and his administration, the
two years with full power of the Senate and Congress, have failed in producing
a viable economic policy. Their party
has no reason to ask the American public to support the re-election of this
administration. We are not better off
than we were and to ask us to give him four more years in lieu of his
resignation is just plain wrong.
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