"Clown Prince" Weekly Blather; February 4th

A Patriotic Response To The "Clown Prince;" 02/04/2012

barackingham Palace,
District of Corruption
February 4, 2012
    Over the last couple of weeks, I’ve been traveling around the country and talking with folks about my blueprint for an economy built to last. It’s a blueprint that focuses on restoring the things we’ve always done best. Our strengths. American manufacturing. American energy. The skills and education of American workers.  And most importantly, American values like fairness and responsibility.  We know what happened when we strayed from those values over the past decade – especially when it comes to our housing market.  Lenders sold loans to families who couldn’t afford them. Banks packaged those mortgages up and traded them for phony profits. It drove up prices and created an unsustainable bubble that burst – and left millions of families who did everything right in a world of hurt.  It was wrong. The housing crisis has been the single biggest drag on our recovery from the recession. It has kept millions of families in debt and unable to spend, and it has left hundreds of thousands of construction workers out of a job.  But there’s something even more important at stake. I’ve been saying this is a make-or-break moment for the middle class. And the housing crisis struck right at the heart of what it means to be middle-class in this country: owning a home. Raising our kids. Building our dreams.  Right now, there are more than 10 million homeowners in this country who, because of a decline in home prices that is no fault of their own, owe more on their mortgages than their homes are worth. Now, it is wrong for anyone to suggest that the only option for struggling, responsible homeowners is to sit and wait for the housing market to hit bottom. I don’t accept that. None of us should. 
[What I'm not telling you:  Most of those lenders who sold loans to families that couldn't afford them, were the recipients  of extreme pressure from Freddie Mac, Fannie Mae, the Department of Housing and Urban Destruction as well as regime members and those Members of Congress with the most to gain with the placement of as many mortgages as possible!!   All this pressure afforded said lending institutions very little in the way of profits;  those most needed to satisfy their fiduciary responsibilities toward stock- and bondholders.  Basic logic explains the reasoning behind the bundling of toxic mortgages:  It gives the lender a method of getting out-from-under those loans they'd never collect on.  The mortgage bundling put the onus of collection on those greedy owe-bamacRATics in the private sector looking for double-digit payoffs as they continued the sales on down the line!!  These toxic sales continued until said owe-bamacRATics found no greedier 'guppies' further down the 'food-chain!'  As the citizen should be aware, there's not an owe-bamacRATic--including myself--that will EVER take the blame; EVER take a loss if the federal government, the federal congress can be cajoled into taking financial responsibility.
    One of my few NEAR-truisms of the week: 
'The housing crisis has been the single biggest drag on our recovery from the recession.'
To start with, this 'recovery' is probably the thinnest in recorded economic history; at least since the FDR-era, federally protracted recovery.  The housing crisis has been a drag on any hoped-for recovery, primarily because of federal meddling with market forces; bailouts, TARPs, HARPs, et al.  A far better solution for the entire economic kerfuffle is to let the logic of market forces act in the ways they should.  Rather than buying auto companies--and then giving 37% of the federal ownership to the union hierarchy--they should have been left to the consequences of said market forces: bankruptcy!  "Bankruptcy" is not a four-letter word!!   Bankruptcy serves a very useful purpose in basic economics; it allows for the subject company to restructure liabilities into re-payable expenses in a timely manner; it allows the boards-of-directors to weed out ineffective board members as well as ineffective members of management at all levels; it allows the boards to re-write an outdated, unmanageable business plan.  Housing foreclosures allow the same changes on a personal, family level.  
    Now IS THE TIME to allow market forces to take their toll, such as it may be.  Now IS THE TIME to reinstitute that basic American value:  personal responsibility.  The foreclosure issue and it's seemingly devistating effects IS--at least partially--the responsibility of the individual homeowner.  Many are those underwater homeowners who bought--against all human logic--during the housing bubble of seemingly ever-rising home prices.... They Couldn't Lose!!!  Ah, but they did as a result of their personal greed-there'd always be another greedy fool to sell their home to!   At some point along the line, there's a last fool.  Those who've been caught as that 'last fool' are now looking to the federal government to bail them out much like the aforementioned auto industry.  This should not be the theme of the day:  Bailouts for Votes!!]
    That’s why we launched a plan a couple years ago that’s helped nearly one million responsible homeowners refinance their mortgages and save an average of $300 on their payments each month. Now, I’ll be the first to admit it didn’t help as many folks as we’d hoped. But that doesn’t mean we shouldn’t keep trying.  That’s why I’m sending Congress a plan that will give every responsible homeowner the chance to save about $3,000 a year on their mortgages by refinancing at historically low rates. No more red tape. No more endless forms. And a small fee on the largest financial institutions will make sure it doesn’t add a dime to the deficit.  I want to be clear: this plan will not help folks who bought a house they couldn’t afford and then walked away from it. It won’t help folks who bought multiple houses just to turn around and sell them.  What this plan will do is help millions of responsible homeowners who make their payments every month, but who, until now, couldn’t refinance because their home values kept dropping or they got wrapped up in too much red tape.  But here’s the catch. In order to lower mortgage payments for millions of Americans, we need Congress to act. They’re the ones who have to pass this plan. And as anyone who has followed the news in the last six months can tell you, getting Congress to do anything these days is not an easy job.  That’s why I’m going to keep up the pressure on Congress to do the right thing. But I also need your help. I need your voice. I need everyone who agrees with this plan to get on the phone, send an email, tweet, pay a visit, and remind your representatives in Washington who they work for. Tell them to pass this plan. Tell them to help more families keep their homes, and more neighborhoods stay vibrant and whole.  The truth is, it will take time for our housing market to recover. It will take time for our economy to fully bounce back. But there are steps we can take, right now, to move this country forward. That’s what I promise to do as your President, and I hope Members of Congress will join me.
[What I'm not telling you:   This latest proposal from my regime is nothing more than the 2009 $300 checks the regime issued as individual payments to those who chose to breathe the air!  A regime-scheme to entice more voters into the owe-bamacRATic fold; to sway their choices as to who's the most helpful to their individual situation.  It started in Detroit--as reported by WJR newsman Ken Rogulski--as "owe-bama money!"  The various--mostly miscreant--recipients had no idea the original source of the money.... only that it came from me, from the gracious hand of "Clown Prince" owe-bama!!  The federal government, me-the "Clown Prince" of Amerika, cannot give away, spend, allocate the first 'red-cent' until and unless we--the federal tax system--first confiscate it from a working individual or investor!!
    Congress' passing legislation IS NOT the answer!!  Congress in session is the LAST THING the American taxpayer wants or will benefit from!!  If they're in their home districts; their home states woo-ing the constituents, they're not in the District of Corruption, dipping their hands further-and-further into the private; the taxpayer's figurative 'pants-pocket!!'  More Congressional 'help' will only serve to put the American Citizen; the American Taxpayer further in distress with respect to paying off the national debt.
    The American economy--the free-market system--will only continue to suffer with added tinkering.  To improve the current climate, conservative principles are needed, rather than those socio-fascist, marxist principles exercised during my regime.  They clearly--with incontrovertible evidence--have not worked!!   What will work are tax cuts; cuts deep and permanent!  As the President Bush-43 tax cuts--and the "Ronaldus-Magnus" tax cuts before him--have proven:  with said DEEP tax cuts, more monies flow into the treasury than without them.]

"Clown Prince" Weekly Blather; October 29th

A Patriotic Response To The "Clown Prince;" 10/29/2011
barackingham Palace,
District of Corruption,
October 29, 2011
This week, a new economic report confirmed what most Americans already believe to be true: over the past three decades, the middle class has lost ground while the wealthiest few have become even wealthier. In fact, the average income for the top one percent of Americans has risen almost seven times faster than the income of the average middle class family. And this has happened during a period where the cost of everything from health care to college has skyrocketed.  Now, in this country, we don’t begrudge anyone wealth or success – we encourage it. We celebrate it. But America is better off when everyone has had the chance to get ahead – not just those at the top of the income scale. The more Americans who prosper, the more America prospers.  Rebuilding an economy where everyone has the chance to succeed will take time. Our economic problems were decades in the making, and they won’t be solved overnight. But there are steps we can take right now to put people back to work and restore some of the security that middle-class Americans have lost over the last few decades.
[What I'm not telling you:  As usual, most of today's blather is complete fabrication; complete--and bald faced--lies!!  Based on that premise, let's attempt to rewrite today's weekly blather with a modicum of truth.  Here are some facts as researched by some of America's best 'think-tanks:'
During the first decade of the twenty-first century, median income (50% of earners above; 50% below) dropped by 7%;
The wealthiest 20% of households saw their income drop by 16%!;
The remaining wage earners experienced a 25% drop over the same period;
Incomes are expected to rise only 5% in the next decade.
{http://www.foxbusiness.com/personal-finance/2011/10/24/is-top-1-really-filthy-rich-maybe-not/
http://www.epi.org/publication/the_state_of_working_americas_wealth_2011/ }
    Additionally--under my leadership, or the distinct lack thereof--the collapsed housing bubble cost $6 TRILLION in lost value, with another $2 TRILLION in losses expected in the coming year.  These realized and projected losses equal 53.6% of the current national debt.  How does this affect you, the taxpayer; you, the homeowner?!?  Not only do you, but your children, your grandchildren, your great-grandchildren are responsible for repaying this unconcionable level of national endebtedness;  these same folks are expected to suffer the affects of the monetary losses experienced by the American homeowner. 
So in total, JUST the national debt and the housing losses equal $22.9 TRILLION!! 
How is that figure even fathomable?!?
How is that figure even repayable?!?
    Upon close review of the past two-and-a-half years, you'll find that not only do I "lead from the rear;"  I "lead from the golf course!"  And yet, I demand to be given credit for the demise of the planet's worst miscreants: owe-bama Osama bin Laden, Muammar Gaddafi as well as the ouster of our buddy in Egypt: Hosni Mubarak!  Said review will also reveal my penchant for being the personification of Albert Einstein's definition of insanity.  That definition being: doing the same thing over-and-over, expecting a different result!!  To that end, my regime continued the destined-to-fail TARP bailout authored by that evil President George W. Bush, 43;  then George Soros insisted on the $787 BILLION PORKulus bill to fund the requisite pay-offs for the regime's supporters and contributors as well as the unions' hierarchies.  Then we had that debt-ceiling increase kerfuffle that never should have been approved!  Now we have PORKulus 2.0 disguised as the American Jobs Act.
    Not only have these programs not stimulated the jobs market, there will be no stimulation in the near future!  Everything the regime has done, was done in direct defiance of the logic of economics.  The only jobs that can be created by government--at any level--are government jobs!  To acquire funding for owe-bamacRATic policies; the government must either take the same amount of money from the American public or borrow the funds in the name said American public!!  If job creation is the true objective, the most effective path to accomplishment is tax reduction AND regulations-and-rules set-asides or nullifications!]
Right now, Congress can pass a set of common-sense jobs proposals that independent economists tell us will boost the economy right away. Proposals that will put more teachers, veterans, construction workers and first responders back on the job. Proposals that will cut taxes for virtually every middle class family and small business in America. These are the same kinds of proposals that both Democrats and Republicans have supported in the past. And they should stop playing politics and act on them now.  These jobs proposals are also paid for by asking folks who are making more than a million dollars a year to contribute a little more in taxes. These are the same folks who have seen their incomes go up so much, and I believe this is a contribution they’re willing to make. One survey found that nearly 7 in 10 millionaires are willing to step up and pay a little more in order to help the economy.  Unfortunately, Republicans in Congress aren’t paying attention. They’re not getting the message. Over and over, they have refused to even debate the same kind of jobs proposals that Republicans have supported in the past – proposals that today are supported, not just by Democrats, but by Independents and Republicans all across America. And yet, somehow, they found time this week to debate things like whether or not we should mint coins to celebrate the Baseball Hall of Fame. Meanwhile, they’re only scheduled to work three more weeks between now and the end of the year.
[What I'm not telling you:  By January, 2010--the start of my second year of rule--the owe-bamacRATic controlled Senate had held up 290 bills previously approved by the House of Representatives, which was also owe-bamacRATically controlled.  Since the "Tea Party" movement's victory in November, 2010, the Senate has continually held up legislation beneficial to the American economy; not necessarily beneficial to the regime's direction for the United States! 
    Remember the Rep Louie Gohmert "American Jobs Act of 2011?!?"  Rep Gohmert's proposal is diametrically opposite to my "Clown Prince ZERO-bama, the Narcissist"  'American Jobs Act.' 
To date, have there been any negotiations to reconcile the two bills?!? 
Absolutely not!! 
Why not?!? 
I've instructed little 'pinky' reid to not allow them; it's "my way or the highway!!" 
    If the reader cares to check the referenced URLs above, they'll find that to qualify as one of "the 1%ers" one must have an AGI (adjusted gross income) of $343,927!! The millions and billions of dollars that I elude to as I continue to vilify the the nation's most prosperous citizens is nothing more than my usual 'smoke-screen.'  As is my promotion; the citizenry gets 'a bad taste in their mouths' when they hear 'millions; billions' as it relates to wealth they don't have!   This is an example of 'class-warfare' that actually works!!  Nothing breeds anxiety and anger more than money, or the lack thereof!!]
The truth is, we can no longer wait for Congress to do its job. The middle-class families who’ve been struggling for years are tired of waiting. They need help now. So where Congress won’t act, I will.  This week, we announced a new policy that will help families whose home values have fallen refinance their mortgages and save thousands of dollars. We’re making it easier for veterans to get jobs putting their skills to work in hospitals and community health centers. We reformed the student loan process so more young people can get out of debt faster. And we’re going to keep announcing more changes like these on a regular basis.  These steps will make a difference. But they won’t take the place of the bold action we need from Congress to get this economy moving again. That’s why I need all of you to make your voices heard. Tell Congress to stop playing politics and start taking action on jobs. If we want to rebuild an economy where every American has the chance to get ahead, we need every American to get involved. That’s how real change has always happened, and that’s how it’ll happen today.
[What I'm not telling you:  I know it's tough, but try to bear with me as we reveal the truth--at least part of the truth--behind my policies and the legislative kerfuffles in the Congress.  Revealing that truth about me telling little 'pinky' reid to stall on the republicRAT-passed legislation, was a bit premeature so far as this blather opportunity goes.  Notice how I usually vilify 'the Congress' in my blusterful blatherings?!?  To my advantage, the average American will normally focus on the House of Representatives, not the entire congress.  The Senate is doing my bidding by little 'pinky' reid's stall tactics.
    Much to my chagrin the Founding Fathers 'had-it-right' when they debated the merits, then approved the draft of the United States Constitution.  That the document was ratified by the required number of states, buttresses the basic logic contained therein.  The 'checks-and-balances' contained in the document makes my actions very difficult if not unconstitutional!!  The requirement that all financial, monetary legislation originate in the House of Representatives renders my Executive Orders unconstitutional on their face!  
    Take my Executive Order on student loans as an example:  I've managed to convince most of those with student loans--those educated in American colleges and universities--that my actions will save them untold amounts of money.  In actuality, the average student will save between $4.75 and $7.50 per month!!  Those with huge debt load (above $100k), will save a whooping $28.50 per month.  This is the relatively insignificant amount all those "occupy...." miscreants are demonstrating for!  I wasn't in favor of these demonstrations when George Soros started paying them to show up, nor when the current version of ACORN (with names like New York Communities for Change; New England United for Justice; et al) began aiding them.  The demonstrators are every bit the hypocrite the owe-bama Regime is:  the majority of demonstrators go home or to hotels during the cold, inclement over-night hours!!  
    Most of my "Executive Order" actions are either another duplication-of-effort, competing with current programs in place or they are a rehash of already-failed plans like the mortgage refinancing plan that very few Americans took advantage of!!   To correct the current housing kerfuffle and to prevent future kerfuffles; eliminate both Freddie Mac and Fannie Mae.  The federal government should not be in the student-loan or the mortgage businesses!!  When I took over the student-loan programs, how many small businesses; how many jobs, were destroyed by my actions?!?]