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Tuesday, February 10, 2009

Kapact's Rant: Read The Fine Print

It's pretty easy to take shots at crooked politicians not paying taxes, with no penalty for most but a minor dip in poll ratings. But that's because they make it easy. How in the heck can you gang of thugs so easily spend tax dollars on huge ideas that you hope will work but refuse to pay your fair share. Here's an idea. Gamble your own money on this idea and see how it works before you waste mine. Forgive me, but your record so far doesn't inspire any confidence. And I'll tell you something else. It wasn't long ago when the liberals were reminding us that dissent and discussion are healthy. Now, according to them, we don't have time to question or examine a trillion dollars being spent in the hopes that this idea will work. Anytime a salesman tells you that you don't have time to think about buying something, that's when you should find the time. This problem has been brewing since Bill Clinton was president. It can wait another week or two while WE THE PEOPLE read the fine print.

Here's another reason to love our politicians. You all see these heroes insisting that execs accepting taxpayer dollars now be subject to salary caps. Well here's a thought. How about you taking a salary cap? I know that we couldn't live without you, and it just tortures you to have to vote yourselves endless unjustified raises, but how about some of that responsibility and transparency that you're demanding from people taking taxpayer dollars? I mean, it's just that, well, you accept taxpayer dollars, don't you? Here's a thought. How about merit pay for politicians? If your next paycheck depended on your results, how do you think you would do? Would you have to worry about your financial future like most people in this country do?

I watched the president's first press conference with interest. I know that President Obama does poorly when he's unscripted. This didn't seem to be any different. There seemed to be nothing but softball questions that the president already magically had prepared five-minute speeches for. Hardly surprising. But the memorable moment, the payoff for the hour was Helen Thomas (who has outstayed her welcome and outlived her legitimacy by at least a decade) referring to the Taliban and Al Qeada as 'so-called terrorists'. Kind of like saying that Hitler was a so-called killer.

I'll finish this off with a reminder of where this problem started:

This problem started in earnest in 1992 when Mister Clinton had the great idea to sell houses to low-income voters who couldn't afford them. The records are there. Here are a few links that show just what I'm talking about:

From The New York Times in 1999: Fannie Mae Eases Credit To Aid Mortgage Lending ( "Fannie Mae, the nation's biggest underwriter of home mortgages, has been under increasing pressure from the Clinton Administration to expand mortgage loans among low and moderate income people..."

From the New York Post: Alarms and Denial (

Bloomberg Financial News: "How the Democrats Created the Financial Crisis" (

YouTube: Democrats in their own words (

YouTube: Burning Down the House (

YouTube: Obama Ranks Second In Freddie/Fannie Contributions (

Now I'll repeat what I said last week. First and foremost, this economic crisis has roots in the Clinton administration. Clinton ordered that home loans be given to families that could not pay them. Granted, Bush should have seen the meltdown coming, but it's a time bomb that Bill Clinton planted under the house. It's up to President Obama to set the tone and the course to rebuild our house. We all share responsibility for doing the hard work, but the President is the boss. The buck stops in the Oval Office. And speaking of the Oval Office, I have to admit that I have liked a fair amount of what I've seen of our new President. Words are cheap, and politicians are good at saying things people want to hear. At the same time, we need this presidency to be successful, and he can't succeed without our support. So while I'll be quick to point out everything that I see him do wrong, I'll also try my hardest to point out everything that I see him do right. I saw him talking to Matt Lauer just before the Superbowl, and he looked, unlike candidate Obama, like a man with humor and compassion and an appreciation for the humanity of the people that make up this country. He was funny and self-deprecating and seemingly unscripted. That man will have my support for as long as he occupies the White House. When he stops being that man, I'll stop supporting him.

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