Archive for the ‘mortages’ Category

Presidency of Fear

March 5, 2009

Barack Obama ran for president as the candidate of  “hope” but he is choosing to govern as the president of fear.

The economy is, in his words, a “catastrophe.”  This necessitated a railroading of the American people and the Congress commonly called the “stimulus,” the largest spending and debt bill in the 200 plus year history of the United States — passed without Congressional hearings and in record time.

Many memebers of the House and the Senate admit they never read the stimulus bill.

The “omnibus” spending bill is a joke — a large heaping pile of pork stacked atop the stimulus that hasn’t yet had time to do anything.

And we continue to piour dollars we don’t have into AIG and other entities: even as we know there is a mortagage bailout and bank bailout need apparently just off center stage.

I fear we have lost control of spending and debt and like a wounded man bleeding alone we have no recourse.

Where’s the hope gone?

Now we are told the tragedies of American life that only President Obama’s spending and debt ideas can solve include the environment, global warming and energy; health care; and home ownership.

Just this morning we were informed by MSNBC (The Mostly Such Nonsense as Barack Channel) and ABC (The American Barack Channel) that our president will tell a “health care summi” today that:

“The cost of health care now causes a bankruptcy in America every thirty seconds,” and “By the end of the year, it could cause 1.5 million Americans to lose their homes.”

Even NPR’s liberal commentator Juan Williams said last evening on Fox News Channel: “This is now the presidentcy of crisis, crisis, crisis and the sky is falling.”

Frankly, President Obama, who as already doubled American debt in just a few feeks and has single-handedly garnered condemnation from investors as seen in the stock market, is now proposing a multi-billion dollar debt-financed spending effort that will leasd to the rationing of health care, if the Canadain system is any model.  In Canada, women diagnosed with breast cancer are told to come back for their first radiation treatment in four months: in American the doctor recommended waiting period is not to exceed four weeks.

We are spending trillions in debt based upon fear: fear that we will have unemployed, fear that people will lose their houses, fear that the world will melt from warming, fear from desiease and inadequate health care and the list goes on.  The trillions we have alread put into the economic system have not gained us anything but more fear and a tanking stock market.

And now we have the Rush Limbaugh fear that the Republicans have no idea what they are doing so we Democrats must be right — after all we Democrats are the only game in town.

My fear, and the fear of many other conservatives, is that the president and his team are changing the course and the fabric of our nation inexorably toward socialism — and we have seen how that works in France and elsewhere and care nothing for the prospects.

I fear that taxes are going up because taxes ARE going up.  I fear that “cap and trade” is a shell game that willl slow economic investment and growth and only make middle men rich.  Wasn’t “cap and trade” at the core of Enron?

I have fear that we will never get back to the properity of America in the Clinton years because taxes and debt and government controls and regulations will stifle investment and growth.

I fear that President Obama may actually win his war on the wealthy — and Obama and the over-taxed and frightened wealthy will create far fewer opportunities and jobs in the future than America did in the past without all of Obama’s “help”…..

I was at first afraid because Barack Obama told me to be afraid.  Now I fear that Barack Obama and the likes of Timothy Geithner don’t know what they are doing. 

And I fear even more that they know exactly what they are doing.

Related from ABC News:


Reuters reported:
“If we want to create jobs and rebuild our economy, then we must address the crushing cost of healthcare this year, in this administration,” Obama said in remarks prepared for the opening of the health care summit event.

“Making investments in reform now, investments that will dramatically lower costs, won’t add to our budget deficits in the long-term — rather, it is one of the best ways to reduce them,” he said.


–You know: I just don’t believe that “reforming” health care will not add to the debt but it will increase prosperity….because it hasn’t done so in France, Britain, Canada and elsewhere .. …and president Obama’s record of speaking the truth is already down the toilet…