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Sunday, April 5, 2009

Kapact's Rant: What Mr Obama's Gift Will Cost You

Like most people, I've found a little extra money in my paycheck this week, thanks to Mister Obama. Well, not really. See, the extra cash isn't there because the fat cats in DC decided that they didn't need to get rich for creating and then exploiting crises. And don't try to pretend that they don't exploit crises. Hillary herself said "Don't let a good crisis go to waste." No, this extra cash in my paycheck actually comes from..... me! And you. And every other taxpayer. The Federal government doesn't have any money that we don't give it. So before you fall down on your knees and thank Mister Obama for giving you money, stop. He just did what liberals have been telling us for years is a bad idea. He's letting us keep more of our money. But don't think that he's changed into a conservative. He's just taking money from one hand and putting it in another. He's spending your money to give it to you. By "taxing the rich" he is taking money from corporations, just like the one that issued the check that had the tax cut on it. The same one that will have to raise its prices and/or lay people off and/or cut hours to make up the difference. So when you pump your fist in the air and chant "OBAMA!" like a true believer, think about what that is going to cost you. And hope and pray that it doesn't push your groceries out of your price range, or cost you the hours you need to survive on, or even your job.

And don't cry about giving Obama a chance. The two years that Obama spent in Congress were used to help create this problem and to run for President. They were used to condone the disposal of 'failed abortions' (live babies thrown in the garbage in Chicago hospitals), and to take in more money from unions and lobbyists than most other legislators have in a lifetime of exploiting crises. He spent the time voting 'present' and deciding which issues were above his paygrade. He's had plenty of time to fix the problem.

Repeating From Last Week:

The housing meltdown which is at the heart of our crisis started in earnest in 1992 when Mister Clinton had the great idea to sell houses to low-income voters who couldn't afford them. No question that both sides ignored the problem but got rich off the over-inflated bubble, but it started under Bill Clinton. 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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