Thursday, February 12, 2009

Obama: Liar or Idiot?

S M U G - the only way to describe obama with regard to "stimulus IS spending by definition".

It's a shame to see him lie to us like that. He is either a moron or a liar. The statement about stimulus is as misleading as it presumes that ANY spending is stimulus.  

If we just wanted wasteful stimulus, the bill could simply be: 900 Billion dollars will be divided among all American homeowners in exchange for their "median beautification project.  

This project will require that every homeowner spend 3 months on their hands and knees cutting grass with scissors and cleaning up trash.  

In return, they will receive a check for 90% of their mortgage." 

It would fit the description in that money would go to reducing cost of living, a job would be provided, and a work or service would be provided temporarily. However, that is not the "spirit" of the "stimulus" that our country and it's citizens need.  

If obama wants to throw money away, I'm sure the American people would fare better if he threw it away at a short sighted plan like mine.  

Think about it, clean roads, billions of dollars in "cost of living" DECREASE. Of course it's not a well thought out plan, which is why I think it deserves to be on the table with the rest of the "not well thought out" items being shoved down our throats.

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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?