Friday, February 6, 2009

Obama Calls Stimulus Package a "Spending Package"

With a breath of honesty, Obama called the "stimulus package" a "spending package" yesterday.

Unfortunately, he proceeded to make it sound like a good thing.  Although it is good to hear him finally calling the package by an honest name, it was at the same time saddening to hear him treat that spending package in a dishonest manner.

While it is true that spending money is required in order to stimulate the economy, it is not true that random spending (spending for spending sake) will stimulate an economy.  If the economy were that simple, we wouldn't have this problem in the first place.

Many Americans know little about the StimuSpend Package that has been pushed by Pelosi as if she were delivering a 15lb baby.  The first thing which should make us stop and take a serious look is the number of pages.  There are a lot of words, a lot of pages, a lot of ideas.  These ideas could not have been responsibly compiled as an honest effort to get our economy on track.

When you look at the various ideas which have been included in the StimuSpend, you will start to recall many of these items have been brought up over time.  Rather than seeing new/innovative ideas which specifically address our economic situation, we are seeing pet projects from a disenfranchised wing of the government.

The StimuSpend package almost looks like revenge.  It's as if the Democrats started gathering up every project that a Republican wouldn't bow to, and determined that "Now Is The Time" to make the country pay for not giving in.  It would be nice to be have the Democrats be honest about the content of he StimuSpend.  Why can't Pelosi get up there and say "Right now, we are making America pay for every time that we were called a name or disrespected in high school.  Right now Americans will take us seriously.  Right now, we have the power and don't care about the future!".

We can only hope that some of the Democrats that have not drank her cool aid will get together with some of the Republicans that are not drinking their cool aid, and come up with an actual Economic Recovery Plan which is designed for THAT PURPOSE.  Legislation designed to say nothing more than "WE WON" will not solve economic problems.  :-(
Posted by Blog Friend at 8:29 AM

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The Mortgage Crisis

The mortgage crisis could not have been an accident. The people that "approved" the mortgages KNEW that:

  1. Were going to have prohibitive payments in 12 to 24 months
  2. Were going to be on property worth far less than what they sold for within 12 to 24 months
  3. Would be forclosed on because they couldn't sell for the amount of the mortgage

Bankers blame it on homeowners making bad decisions or not having foresight. However, those bankers get very uncomfortable when you point out that these mortgage were all approved by bankers that get PAID to know the market and it's trends.

When you point out that regular people like you and I saw this coming back in 2004/2005, they start to tap their fingers and look around nervously.

The short answer is that they set us up and we don't know "why".

Mortgages traditionally require people prove they can make the payments even when the market is not headed down. The banks knew exactly what they were doing...

The Media On It's Knees

Why is it that the mainstream media is clamoring on their knees in front of Obama as if their unwarranted affection will somehow lower his zipper and give them what they so desperately seem to want?