District of Corruption
October 20, 2012
In recent weeks, you might have noticed something. Or maybe even heard the sound of it if you live close enough. New homes are going up. In fact, construction workers are breaking ground on new homes in America at the fastest pace in more than four years. At the same time, more homes are being sold. Home values are back on the rise. And foreclosure filings are at their lowest point in the five years since the housing bubble burst and left millions of responsible families holding the bag.
Now, we’re not where we need to be yet. Too many homes are still underwater. Too many families are still having a hard time making the mortgage on their piece of the American Dream. But one of the heaviest drags on our recovery is getting lighter. Now we have to build on the progress we’ve made, and keep moving forward. I never believed that the best way to deal with the housing market was to just sit back, do nothing, and simply wait for things to hit bottom. That would have been a disaster for all the responsible families who – through no fault of their own – were struggling to make ends meet. Instead, I’ve made helping those homeowners a priority. Since I took office, my Administration has taken action to help millions of families stay in their homes. We teamed up with attorneys general in almost every state to investigate and crack down on the practices that caused this mess. And in the end, we secured a $25 billion settlement from the biggest banks – one of the biggest settlements in history – and used it to provide relief to families all across America. We’ve taken action to help responsible homeowners refinance their mortgages. As a result, just this year hundreds of thousands of Americans who were stuck in high-interest loans have been able to take advantage of historically low rates and are saving thousands of dollars every year.[What I'm not telling you: I'm running out of topics on which I can attach a believable, positive spin. The latest hope is September's 'housing starts' numbers, this time at 872,000-seasonally adjusted. A couple of points here: we seasonally adjust when it's to our advantage; when the obama-positive aspects will be advanced. Second point: remember that each statistic that my regime puts out is inevitably revised toward the truthful figures; in this case, most probably far closer to the economists estimates of 770,000. Whether we're discussing regime numbers or the far-more-accurate economists' estimates, neither come close to that evil President George W. Bush's 923,000 starts in July, 2008. And a further cry from the aforementioned evil Bush's all-time high of 2.2 million starts!!
We've arrived at this scam as a last-ditch effort to counter-act debate and post-debate verbal ass-kickin's from Governor Romney; a last-ditch effort to appease and buy the votes of those homeowners stupid enough to buy more house than they could reasonably afford; more house than they had any intention of paying for. Thus far in 2012, the nation has recorded 793,767 foreclosure filings; and, AND 1,313,440 bankruptcy filings!! Both statistics would be laughable if they weren't so devastating to America's middle class, given that--STATISTICALLY--the recession ended in June, 2009.
A far greater drag on America's recovery is uncertainty, closely followed by consumer caution. The obama Regime has--over the past 3-1/2 years--created such a disasterous business climate so as to practically end any small business hiring, any small business purchases of new 'plant-and-equipment.' Some statistics about the hiring and other activities of the 'small-business' sector:
- Represent 99.7% of all employer firms;
- Employ 50% of all private-sector employees;
- Pay 44% of total U.S. private payroll;
- Generated 65% of NET new jobs over the last 17 years;
- Create 50+% of non-farm, private GDP;
- Hire 43% of high-tech workers;
- Are 52% home-based, 2% franchises;
- Made up 97.5% of all identified exporters;
- Produced 31% of export value (FY-2008);
- Produce 1,300% more patents-per-employee than large patenting firms.
And now I want every homeowner in America to have that chance. I just wish it didn’t require an act of Congress. But it does. So, back in February, I sent Congress a plan to give every responsible homeowner the chance to save about $3,000 a year on their mortgage by refinancing at historically low rates. That’s the equivalent of a $3,000 tax cut. It’s a plan that we know will work. It has the support of independent, nonpartisan economists and leaders across the housing industry. It’s a no-brainer that should have passed easily. But Republicans in Congress banded together and kept this plan from even coming to a vote. They banded together and prevented millions of Americans – including many of you listening today – from saving $3,000 a year. That’s money that could have gone back into the value of your home, or your kid’s college savings account. That’s money that could have gone into your local businesses, so they could hire and create more jobs in your town. But Republicans in Congress still won’t let that happen. And that’s only held back the economy, when we should be doing everything we can to accelerate our economic engine. Let’s be honest – Republicans in Congress won’t act on this plan before the election. But maybe they’ll come to their senses afterward if you give them a push. So contact your Representative, especially if this plan will help you or someone you know. Tell him or her that American homeowners have waited long enough. Tell them that it’s time for Congress to stop standing in the way of our recovery and to start standing up for you.
[What I'm not telling you: Do you actually believe that
"....require(s) an act of Congress. But it Does...."
statement?!? Why--suddenly--do I give a crap what the Congress does or thinks? I've been ruling by Executive Order for my entire reign, why am I--just now--concerned with said Congress? They've shown no inclination to stop my Executive Orders thusfar; history tells me the members of Congress are still too spineless to even consider such action!! I'd be surprised if it's just the republicRATics in the Congress who're holding up this further wealth-redistribution. Remember, none of my budget proposals ever received the first 'yes' vote, from the entire Congress; both republicRATics and obamacRATics!! There's much more here than meets the eye. In the face of a seemingly imminent Romney-Ryan administration, the financial institutions will not be quick to refinance much of anything. They will presume that almost immediately the economic climate will improve, particularly in the areas of jobs creation and banking and finance. These "R'n'R" improvements will spur a financial "realignment of the stars" with regard to the middle class. As soon as the obama regulatory climate is improved with the downsizing of the EPA, watch the small business sector take off. This economic activity will usher in activity in practically every sector, most probably to eclipse the "Ronaldus-Magnus" recovery!! Back in August, I sent Stephanie Cutter out to lie about the comparison between the "Clown Prince"--that's me!--and the Reagan recoveries. As usual--after her appearance on MSNBC's "Morning Joe" program--she got caught in some huge lies by the PolitiFact folks!! We gotta find a better 'official regime re-immaculation campaign liar;' no matter the size of the lie, Ms Cutter is continually caught. Can't she make the lies more believable?!?
Yes, do call your senators and representatives!! Insist that they do nothing more than attending to the impending "fiscal cliff" the country is about to 'go over.' It will certainly in your best interests to demand they do nothing further until after the next immaculaton or inauguration ceremony!!]