Take Down the Red, White and Blue

There is every indication that Senator Obama will be elected president. The core of his constituency is composed of attorneys, bureaucrats, educators, pro-abortion advocates, union members, minorities, the young (read hopelessly naïve), the illiterate, the media and the Bush haters.

Most conservatives despise President Bush as well, but for different reasons. Government spending increased 40% since his first inauguration, and he turned a blind eye to illegal immigration.

In hindsight, he didn’t blow the whistle loud enough on Fannie and Freddie. Mr. Compassionate Conservative should be held over the fire that created the worldwide fiscal meltdown. That’s fair because he is as guilty as Representative Barney Frank, Speaker Pelosi, Senator Reid and Senator Dodd for selling out America.

There is no forgiveness for that. Now here is the irony of ironies. He set the stage for Obama. The fiscal meltdown, a consequence of Democratic housing welfare legislation, is propelling Obama’s numbers. The electorate is ignoring reality. Congress prepares the budget and writes the rules.

Obama handed ACORN over $800,000 and the Democrats attempted to hide $600 million dollars in the bailout legislation for these welfare scavengers. This is the same organization that is stuffing the ballot boxes in the contested states. These ploys predict Obama’s real agenda.

An Obama win will bring a four year encore of the fiscal policies that have drenched the nation in debt. The taxpayers will be slapped around unmercifully. Entitlements, whether they are called income re-distribution or socialism, will drain opportunity by siphoning capital into the unproductive segment of society.

Business taxes and regulations will skyrocket. To survive, large corporations will abandon the US. The strength of the New York Stock Exchange will be depleted as companies abandon it for Great Britain’s exchanges. In less than four years New York will be a backwater financial center.

America can recover from this battering as it did during the Clinton years when a Republican controlled Congress shoved welfare reform down his throat. Of course, this is not guaranteed.

The Democrats and Obama support citizenship for illegal aliens. These are the same politicians who promote sanctuary cities and believe illegal aliens should have immediate access to the total array of US welfare programs. They hope to turn 12 million illegal aliens, and their families still residing in South and Central America, into US citizens.

Within four years they can add about 30 million Democratic voters. The chance of this happening is almost a given with Obama and Michelle in the White House and the Democrats in control of a filibuster proof congress. You can trust this will be one of their highest legislative priorities.

And it gets uglier. Obama can pack the Supreme Court with leftwing radicals who will ignore the Constitution. They will manufacture rights to welfare out of thin air. The nation will die from a thousand cuts.

This will be the history of America if it elects a president who can’t prove that he is a US citizen.

Senator Biden's Conscience

Take another look at Senator Joe Biden. Since the primary season began, he has made a number of statements that Senator Obama’s campaign staff would like to have expunged from the record.

The liberal dominated media universally refers to Biden as a gaffe machine. These pro-Obama bed wetters have ended any pretense of being impartial. They have lied, distorted the truth and fabricated falsehoods to help Obama achieve victory.

Thus, there is no wonder why these media pissants have resurrected and polished Senator Biden’s reputation for misspeaking. It is the perfect antidote for dismissing his “gaffes.” This perception is so pervasive that even the Republicans resort to ridiculing his foot in mouth disease. That’s a mistake.

Senator Biden’s greatest flaw is that he has a conscience. He is a compulsive truth teller, and has a penchant to state it at inopportune times. The gaffe label inoculates Senator Obama from his partner’s assessment of his weaknesses.

No one in the media is accusing Senator Biden of being foolish, lacking insight or of being unqualified for the vice presidential post. In fact, it is quite the opposite. They extol his insight, experience and judgment.

So how should the voters interpret Senator Biden’s “gaffes?” It’s reasonable to conclude that Senator Biden’s slip-of-the-tongue remarks, although not calculated or deliberate, offer an insight into his assessment of an Obama presidency. He is inadvertently telling us Senator Obama is not ready for prime time.

Senator Biden has warned us that Obama lacks the experience and maturity to handle the reigns of government. He has cautioned us that our enemies will welcome an Obama presidency. He has told us that America will be challenged and Americans won’t like President Obama’s test results.

He has told us that Senator McCain is the superior candidate. That can’t be construed as a gaffe; that is the assessment of someone who has spent thirty years in Congress.

He has prepared us for Obama Economics by equating Obama’s vision of unrestrained welfare with patriotism. That is a strange, defensive statement from the mouth of a liberal. Even Biden foresees the economic havoc that Obama’s unquenchable appetite for accelerated government spending will reap.

Only Obama’s wife, Michelle, and Reverend Wright, both racist America haters, stand closer to this man, who-would-be-president, than Biden. What has Biden learned about Obama that frightens him? Has Obama shared his real vision for America with this man?

It’s doubtful that Senator Biden will ever be a member of Obama’s inner circle. Obama will never trust him because Joe is a patriot and has a conscience. And that is the core element that separates Obama from Senator Biden, Senator McCain and Governor Palin.

Obama’s ambition to be president has never been thwarted by honor or a conscience. For Obama, truth is subjective. It has never stood in the way of his ambition. And that is what frightens a decent man like Senator Biden.

The Black Trap

The media treated the endorsement of Senator Obama by former Secretary of State, Colin Powell, as a surprising event.

Talk about unabashed nonsense. His announcement was about as astonishing as Oprah Winfrey, the Congressional Black Caucus and 96% of black Americans supporting Obama’s candidacy. They are all using the same rubber stamp. His revelation simply confirmed that he is black. Who knew?

Powell touted Obama as a “transformational” candidate. In the liberal lexicon, that means black. It should be noted that Powell, when asked, gave no other reason for his decision. He did mention Obama’s character, and that Obama’s election would please the Europeans and Arabs.

In the cold light of day, Colin Powell defined himself. He puts ethnicity ahead of national security, economic security, energy independence and the survival of capitalism.

That’s a lot to sacrifice to appease our enemies, competitors and those who believe that a black president should trump every other consideration. In context, his endorsement also indicates that blacks, as a percentage of the population, are more race-centric than other minorities and whites in this country.

Blacks see Obama as one of their own, with his hand near the welfare spigot. Sadly, it appears they have succumbed to the big lie that they need government handouts to survive. The tragedy of this mentality is that welfare is what stands between them and affluence.

There is a more erroneous note to this. The Democrats deny that capitalism creates unlimited wealth and opportunity. Yes, it needs oversight to protect the investors and employees. But it offers an unlimited potential for success.

For fifty years the Democrats have spurred class warfare by treating opportunity as a zero sum game. Whether it is called racial/gender preference, or diversity, or affirmative action, the methodology sparks class warfare. Restricting one race’s opportunity to benefit another race creates resentment.

The Democrats introduced and enforced political correctness to dampen dissent. Political correctness is doublespeak. It suffocates truth, and brands those who question racial or gender quotas as mean spirited racists and misogynists.

It is need that inspires achievement, and it’s achievement that earns respect. The Democrats substituted the need to achieve on merit and personal initiative with welfare and affirmative action.

So don’t blame the blacks for being in this quandary. They were enticed by the liberal agenda. Now they are so in debt to the government that they can’t cut the bonds.

Many whites working in company towns, living in company housing, and in debt to the company stores, were trapped in an equally vicious cycle at the beginning of the Twentieth Century. The collapse of these industry towns left the workers with one choice. Start again or starve. They made it.

Obama is correct when he says change is needed. But convincing the next generation of blacks that they are inferior and require government handouts to survive and flourish isn’t change. Chaining blacks to government entitlements to retain power is a crime against humanity.

About Income Re-Distribution

A funny thing happened on the presidential campaign trail. Senator Obama accidentally spoke the truth. He told “Joe the Plumber” that he doesn’t dislike him, he just wants 50% of his income for welfare. Obama’s answer to the plumber’s question could be classified as indecent exposure. He was finally caught with his pants down.

The media’s response to this incident is consistent with the pattern that unfolded during the primaries. It attacked the plumber and ignored the answer. The Clintons found themselves on the wrong end of these shotgun blasts many times.

Anyone, with the intelligence of a pile of leaves, understands that Obama and the media have worked overtime to mask his political agenda. ACORN, Rev. Wright, Michelle’s anti-American remarks, his close relationship to Fannie and Freddie, his association with Bill Ayers, etc., are ignored, shunted to the footnotes, denied, or convoluted with doublespeak.

Obama’s background has been better hidden than the face of a Ku Klux Klan member in full regalia. As despicable as the KKK agenda is, at least everyone knows what they stand for. Senator Obama has not been that forthcoming.

It’s been said before, but is worth repeating. Were it not for the media’s pro-Obama agenda, Hillary would be leading Senator John McCain by twenty points. The only things holding Obama’s slim lead together is the public’s dislike of President Bush, and the fiscal crisis created by Speaker Pelosi, Senator Reid, Senator Dodd and Representative Barney Frank.

Conservatives have despised Obama since his formal debut, and the leftwing is captivated by anyone who hates America and capitalism.

Obama’s snide remark about the voters in mid-America clinging to guns and god (read unsophisticated racists) didn’t sit well with ordinary folks. But in an election cycle that began shortly after the 2004 inauguration, the remark is practically ancient history.

Independent voters, not to be confused with Democrats masquerading as Independents, seem to twitch when Obama’s name is mentioned. They were never sure he was up to the job, but he sounded good.

Keep in mind that most Americans stand a little to the right of center. This is the political vortex that most Republicans, Democrats and Independents swim in. A successful presidential candidate must be able to tread water in this pool. Obama, with the help of media propaganda, appeared to be floating comfortably with this crowd.

By happenstance, Joe the Plumber poked a hole in Obama’s flotation mattress. Who knew that Obama couldn’t swim in a pool infested with moderates? Americans resent the thievery on Wall Street, and being forced to pay for their crimes, but they respect success earned by hard work and don’t want it penalized.

When Obama admitted he planned on penalizing the successful to expand welfare, he slapped every American with a dream and a work ethic across the face. This bruise will still be apparent on November 4, 2008. Let’s hope Americans look in the mirror before they vote.

Beyond Anger

Last night’s presidential debate clarified one thing. If America’s taxpayers don’t revolt, what’s left of their standard of living will be flushed down the entitlement rat hole.

Government spending is out of control and the nation is drowning in debt. Both candidates addressed this issue; only one candidate, Senator McCain, proposed a reduction in spending.

It’s about time Americans heard a candidate admit government spending is out of control.

Anger doesn’t describe my attitude toward Congress, the media and the trillion dollar bailout. The politicians are wrapped around each other like pigs in a blanket. The US media is a propaganda machine worthy of Russia. And the bailout is a slow motion sucker punch.

Throw in Senator Obama, socialist extraordinaire, who plays the race card every time he is cornered. Then there is that lame excuse for a Republican called Senator McCain. He has only one thing going for him; he’s not Senator Obama.

Sadly, McCain is the nation’s only chance. He is like an old lawn mower that you hope will make it through one more season.

Now for good measure, toss in the Democratic fornicator, Tim Mahoney, Florida, who replaced a Republican pedophile. He stated that his personal life is none of our business. This is the last refuge of a political skunk in the congressional playbook. And it’s typical of their arrogance.

In the midst of this slop fest, we discover ACORN deliberately, and with malice, blackmails banks with bad publicity, if they fail to grant mortgages to the undeserving, including illegal aliens. In their spare time these slime bags are preparing to stuff the ballot boxes in 11 states with millions of phony votes. And those who confront them are called racists.

But that figures. Senator Obama helped train them, sent them $800,000 from his campaign chest, and prepared legislation which would have prohibited their prosecution. It’s no wonder why they love his style. And his allies in Congress twice attempted to hand ACORN $500 to $600 million which they buried in the bailout proposals.

And you expect the status quo to change with these unrepentant thieves in charge of the treasury?

Now take a look at President Bush, Mr. Compassionate Conservative. During his reign, government spending rose 40%. He doesn’t have the guts to confront the Democrats for the Freddie and Fannie debacle. In fact, he just handed them ownership of the banks. That’s their reward for nearly destroying the nation’s fiscal solvency.

But then again, why would a president who left our borders undefended and sought amnesty for 12 million illegal immigrants find fault with welfare programs that bankrupt the nation.

And the pile gets higher. Speaker Pelosi and Senator Reid are preparing the $150 billion stimulus component of Senator Obama’s $860 billion entitlement vision. If you work for a living, you won’t see a penny of this. But you will feel it, when the national debt and taxes smother any opportunity to invest or save.

Lyndon B. Johnson’s Great Society legislation forced the second parent into the workplace to cover the family’s taxes for government entitlements. Senator Obama’s vision will require the retraction of the child labor laws.

This isn’t an election, it’s a rigged lottery. The Democrats will purchase the winning tickets with expanded taxes. They are negotiating with their constituency, promising to exchange the winning tickets (read welfare) for votes.

Taxpayers are outnumbered. They only have a 1 in 5 chance of winning the pot. Welcome to the 2008 presidential election.

A Sobering Dose of Reality

There is an old adage that “you can live on love until breakfast.” About four weeks ago the US economy confirmed the wisdom of these words.

About fifty percent of America’s families and all levels of government have been living on credit since the mid 1950’s. Prior to this period, credit cards and car loans were unusual. Americans purchased large ticket items with savings. Vacations and restaurant dinners were cash transactions, and mortgage sizes were pegged to 25% of a family’s annual income.

The introduction of revolving credit, after the Korean Conflict, quietly weaned Americans off saving, and instigated the era of instant gratification. Possessions and lifestyle were acquired and sustained with borrowed money and future payments. This mindset eviscerated ground zero of personal financial responsibility. The government was equally foolish and equally culpable.

Offering credit to 300 million buyers requires staggering amounts of capital. Whether it’s a mortgage or a box of paperclips that is charged, the lenders instantly pay the vendor/retailer for every purchase. The evaporation of American savings in our credit driven economy required enormous amounts of foreign capital to maintain the US lenders’ solvency (read their ability to lend).

In effect, foreign financial institutions were investing the savings of their citizens in America. The strength of the US economy provided the ethereal collateral that encouraged foreign investors to finance our credit based economy.

The collapse of Countrywide Financial Corporation, a leader in sub-prime loans, opened Pandora’s Box. It exposed the AAA rated mortgage securities from Fannie Mae, Freddie Mac and over 100 other financial institutions as re-packaged garbage.

This discovery instantly dried up hundreds of billions of dollars of foreign investment this year, which forced the US government to pony up over a trillion dollars to shore up the reserves of the nation’s lenders.

The current economic crisis in the mortgage/housing market was caused by the government supplanting the five “C’s” of lending (capital, character, capacity, collateral and conditions) with social engineering.

The application of affirmative action, to racially balance home ownership, was the straw that broke the camel’s back. The bailout was bound to happen because government love doesn’t pay the bills. Taxes do.

For sixty years the government has abused its power to raise taxes. Like the American consumer, it ignored the fault line beneath entitlements, credit and future payments.

So it’s going to get a lot worse before it gets better. Consumer confidence and thus spending is rapidly contracting, which will reduce inventory requirements. And that’s why unemployment will exceed 8% by next June as companies react to declining sales.

This combination will reduce government revenues, which will shorten the fuse on the Medicare and Social Security time bombs. Now add the interest on the growing national debt to the equation. America is in trouble.

American business needs capital to grow. This is no time to raise capital gains taxes, which discourage investment. And increasing the taxes on businesses already desperate for capital would be economic suicide. This was FDR’s strategy, which sent unemployment to 25% during the Great Depression.

The presidential candidates should be listing the nation’s critical priorities, and advising the nation of which programs they will eliminate to stop the hemorrhaging. The fix will require a hatchet and not a scalpel. Do the math! Forget balanced budgets, expenditures at every level of government must be reduced about 7%.

What Taxpayers Heard

To put the right word to it, the second presidential debate was, well, unrewarding. It was filled with boilerplate clichés in response to the dumb questions that were asked in the first debate.

What both candidates said could have been condensed in a message on the back of a postcard. On the bright side, all of us walked away knowing that class warfare is alive and well. It’s obvious that Senator Obama’s experience as a Community Organizer made him an expert in this field.

It was nice to learn that Senator Obama feels our pain. Of course, for those who pay taxes, his $860 billion pile of sympathy isn’t very appealing. And for the record, raising taxes on those who pay the taxes, in all honesty, shouldn’t be labeled as change.

This kind of thing has been around since President Lyndon B. Johnson introduced the Great Society $5 trillion ago. Higher taxes are higher taxes, and shouldn’t be confused with problem solving, fairness, vision or patriotism.

But the fifty percent of Americans, who don’t contribute any income taxes to the federal government, should be pleased to learn that they will receive a refund.

Senator Obama kind of skipped over how anyone who doesn’t pay taxes is entitled to a refund. It kind of sounds like income redistribution. Maybe he copied this idea from Massachusetts’ foremost socialist, Rep. Barney Frank.

But let’s stay positive. Maybe the welfare checks sent to these folks will bear the name of the individual or family who sacrificed to contribute the funds. Certainly the recipients will pen nice thank you notes to their benefactors. Ok! Ok! That’s assuming they can speak, read and write English, skills not required to cash a welfare check.

And it’s nice to know that Senator Obama wants all Americans to have access to the same quality healthcare that we provide illegal aliens and deadbeats. Those weren’t his words; but that was the heart of his message. All it will require is raising the taxes on the tax payers. You have to admit, that’s a pretty simple formula.

Maybe Obama didn’t get the memo. The hospitals and medical practitioners are inflating the costs of the insured patients to cover the cost of services for the uninsured. There is nothing like 15 million illegal aliens choking the emergency rooms to send medical insurance premiums skyrocketing.

That makes one think that somewhere in this healthcare mess there may be a better solution to reduce costs. And Obama’s remedy has a déjà vu smell about it. If history is any indicator, raising taxes $65 billion annually to subsidize healthcare will send its cost into the stratosphere.

For example, the Higher Education Act, 1965, unleashed a feeding frenzy in our universities. Tuition costs went ballistic immediately after $140 billion in Pell grants and government loans became available every year.

The cost of a college education has risen 30% faster than inflation since the government began subsidizing higher education. On Wall Street this behavior is called greed.

So giving the healthcare industry a pipeline to the US Treasury might not be such a good idea. Again, in fairness, it’s understandable why people who don’t work or pay taxes are enthusiastic about Senator Obama’s proposal.

Taxpayers might be a bit leery of Obama’s proposals. But again, in fairness, class warfare will end within a few years after Senator Obama is elected President. It just isn’t an issue in Third World Countries.

By the way, Senator McCain only made one statement of significance. He won’t raise taxes on the tax payers. You know, that’s not a bad idea.

Homeowners Beware of Obama

The Biden/Palin debate is now history. It confirmed two things. Governor Palin believes in personal responsibility and Senator Biden believes personal responsibility is an outdated concept. Normally the reiteration of the core principle that divides the right and left would simply move the ball back into the hands of the presidential candidates.

But before the page is turned, America’s home owners should focus on one statement made by Senator Biden about the $700 billion bailout. He gave a preview of the Obama agenda. And there is no confusion about what he said.

The good Senator stated unequivocally that taxes should be used to subsidize the margin between what the unaccredited home buyers, currently in default, can afford and what they want. He believes the price they pay should be determined by a “judge.” He said it. It’s on the record.

This is the leftwing’s latest solution to compensate for the Fannie Mae and Freddie Mac debacle. It’s their new recipe for a second economic disaster. Rather than indirectly providing the collateral for non-credit worthy buyers with government guarantees (which just failed), Senator Biden recommends that the federal government directly absorb the delta.

In stark terms, this means Senator Biden and Senator Obama believe the price of a home should be determined by what the buyer can afford. This clarifies the endgame of the leftwing’s initial goal for HUD, Fannie and Freddie: make home ownership an entitlement (read welfare).

Think of the consequence of providing a $212,400 home, today’s median price of a home in the US, to a few million people who can only afford a $50,000 mortgage. Biden wants the government to pay the differential.

Wow! It will pay to be a deadbeat. Any buyer, without a job or a penny, could score some quick bucks by selling these properties for any sum above the $50,000 purchase price. And so long as they squander the profits, these fiscal miscreants will be eligible to buy another taxpayer financed home.

Forget government encouraging economic depravity. Round two of this income redistribution scheme, as explained by Senator Biden, would put the fair market value of every home in the nation in a freefall. Of course, the leftwing will scream that this will benefit every American by reducing the average cost of a home.

For all Americans who purchased homes without a government subsidy (96%), the previous scheme has already depreciated home values by an average of 7.1%. This equates to a $14,868 loss in the value of the average home in America due to the most recent Democratic housing welfare scheme.

In addition, Rep. Barney Frank, Senator Dodd, Speaker Pelosi, Senator Reid, Senator Obama and his other friends just saddled every man, woman and child in America with a $3000 tax bill for the leftwing’s first failed effort.

Senator Obama is gaining in the polls by promising the Middle Class that he will not raise their taxes. This promise is peanuts compared to the staggering loss in home equity (real money) that will occur when Obama and his band of socialists start buying houses for their constituency. This will destroy most American’s greatest asset, the value of their homes.

If Obama’s and Biden’s welfare agenda doesn’t scare you, you are either an illegal alien, on welfare, fiscally illiterate or a fool.

Rats in Charge of the Lifeboat

The trillion dollar bailout proposal didn’t come with an apology from the government. That’s what angers the nation.

Until the Republican revolt in the House of Representatives, it appeared no one in Congress had the guts to say the proposed legislation didn’t solve the problem. It was a cover-up that exonerated the guilty. The Senate version passed last night was cut and run for cover legislation.

The $700 billion solution only served to continue the Democrats’ con started 31 years ago. To ingratiate its constituency they used selective statistics, collected by entities such as the Boston Federal Reserve, to prove the existence of institutionalized discrimination against minority borrowers.

The Federal Reserve had reported that the percentage of approved loans was lower for minority applicants than for their white counterparts. The evidence was indisputable. However, the credit unworthiness of the minority applicants, whose requests were denied, was omitted in the public report.

The Democrats ignored this fact. They blamed the lopsided, mortgage ratios on racial discrimination. This public hoodwinking allowed President Carter to sign the Community Reinvestment Act (CRA) in 1977.

The Democrats didn’t lie; they distorted the truth to subsidize the collateral of risky borrowers with de facto government guarantees. In effect, the CRA eradicated ethical standards for lending to correct a non-existent injustice. This was touted as Equal Opportunity Lending, which officially rebuked sound banking principles and inaugurated the era of no-collateral lending.

HUD, Fannie Mae and Freddie Mac were honed to encourage lenders to participate in this charade. Mortgage originators were given a license to steal, and steal they did. Twice the Bush Administration asked Congress to reign in this pillage. Rep. Barney Frank told them not to worry.

When the housing market (fueled by sub-prime mortgages) cooled, the toxic paper couldn’t be hidden by Barney’s friends. The Housing and Economic Recovery Act of July, 2008 threw $300 billion at Fannie Mae and Freddie Mac to continue the charade.

Not one paragraph in this legislation tightened the lending practices that produced the need for this bailout. Worse yet! This legislation funneled taxpayer money into militant, leftwing advocacy groups, such as ACORN, to promote the rape of the US taxpayers.

The failure of Fannie and Freddie dried up these Democratic slush funds. That’s why Pelosi, Reid, Dodd and Frank buried hundreds of millions of dollars for these outfits in the small print of the $700 billion bailout legislation.

So don’t be deceived. The rejected $700 billion bailout was never intended to reign in the lending practices that created the financial meltdown. It was a $700 billion taxpayer subsidy for no-collateral loans. It blessed the status quo.

Pelosi, Reid, Dodd and Barney Frank should be jailed for treason. And the executives that deliberately betrayed the public trust, or by omission, should be banned from the industry, if not hung.

And Obama? His association with Franklin Raines, Jim Johnson, Tim Howard, Bill Ayers and ACORN isn’t happenstance. These are his allies. These thieves financed his ascendancy to promote the distortions that empowered and enriched them.