The "Condemning Conservatives" Tour; Stop #2
Campaigning on "The Taxpayers' Dime"
"Clown Prince" blather from Petersburg, Va
Now, back then, in 2008, we were talking about how working Americans were already having a tough go of it. Folks were working harder and longer for less. It was getting tougher to afford health care or to send your kids to college. The economy was already shedding jobs, and in less than a decade, nearly one in three manufacturing jobs had vanished. Then the bottom fell out of the economy, and things got that much tougher. We were losing 700,000 to 800,000 jobs a month. The economy was hemorrhaging. And three and a half years later, we’re still recovering from the worst economic crisis in our lifetimes. And we’ve got a lot of work to do before everybody who wants a good job can find one, before middle-class folks regain that sense of security that had been slipping away even before the recession hit, and before towns like Petersburg get fully back on their feet. But here’s the good news: Over the past two years, our businesses have added nearly 4 million new jobs. We just found out that last month in February we added 233,000 private sector jobs. More companies are bringing jobs back and investing in America. And manufacturing is adding jobs for the first time since the 1990s. We just had another good month last month in terms of adding manufacturing jobs. And this facility is part of the evidence of what’s going on all across the country. This company is about to hire more than 200 new workers -- 140 of them right here in Petersburg, Virginia. So the economy is getting stronger. And when I come to places like this, and I see the work that’s being done, it gives me confidence there are better days ahead. I know it because I would bet on American workers and American know-how any day of the week.
When I was immaculated in January 2009, the U-3 (socially acceptable) unemployment rate 7.8% which I--over the course of 10 short months--I and my regime managed to pushe the rate up to 10.1%!! Over the same period of time the U-6 (TRUE) unemployment rate ran from 14.2% at the immaculation to--in October--17.2%. By comparison, that evil George Bush's U-6 rate ranged from 7.3% to 13.5%.... Hell-a-va difference, huh?!?
Now here's where the cleaver--fuzzy--math comes in: each month the regime checks the 'labor participation rate' prior to tweaking the unemployment numbers. The 'labor participation rate' is a cleaver 'fascist' way of tweaking all the relative numbers to finally come up with a U-3 (socially acceptable) unemployment rate. When folks just stop looking for work--whether they're drawing unemployment benefits or not--we eliminate them from the 'labor participation rate' thus we can artificially lower the U-3 rate, most recently to 8.3%. Realistically, the rate to be considered--to get the complete picture of the lack-of-jobs--is the U-6 rate. Now, isn't that cleaver?!?!?
By comparison, that evil "Ronaldus-Magnus," President Ronald Reagan had the record for longest span of high unemployment until I beat him!! Finally.... I beat someone at something!! I now hold the record for:
Unemployment rate over 8%--32 months, and
Unemployment rate over 9%--27 months, and
Average number of weeks unemployed--40.5!!
We--and by we I mean others in the regime--can blather on all we want about the number of new jobs added. It's just more servings of the same bullshit I've been feeding you through a most compliant corps of national pamphleteers since the immaculation. We--and by we, I mean others in the regime--usually just pull numbers out of 'the clear, blue sky' and feed them to you.
The key now -- our job now is to keep this economic engine churning. We can’t go back to the same policies that got us into this mess. We can’t go back to an economy that was weakened by outsourcing and bad debt and phony financial profits. We’ve got to have an economy that’s built to last. And that starts with American manufacturing. It starts with you. For generations of Americans, manufacturing has been the ticket into the middle class. Every day, millions clocked in at foundries and on assembly lines, making things. And the stuff we made -- steel and cars and jet engines -- that was the stuff that made America what it is. It was understood around the world. The work was hard, but the jobs were good. They paid enough to own a home, and raise kids and send them to college, gave you enough to retire on with dignity and respect. They were jobs that told us something more important than how much we were worth; they told us what we were worth. They told us that we were building more than just products. They told us we were building communities and neighborhoods, we were building a country. It gave people pride about what America was about. And that’s why one of the first decisions I made as President was to stand by manufacturing, to stand by the American auto industry when it was on the brink of collapse. The heartbeat of American manufacturing was at stake -- and so were more than a million jobs. And today, the American auto industry is coming back, and GM is number one in the world again, and Ford is investing billions in American plants and factories. And together, over the past two and a half years, the entire auto industry has added more than 200,000 jobs.
And here’s the thing. They’re not just building cars again, they’re building better cars. For the first time in three decades, we raised fuel standards in this country, so that by the middle of the next decade the cars that are built in America will average nearly 55 miles to the gallon. That will save the typical family about $8,000 at the pump over time. That’s real savings. That's real money.
Here I go again.... actually, 'still!' I continually beat you over the head with the 'Government Motors' bailout as if it were a good thing. Well, maybe the basic concept of the industry bailout was good, but the owe-bama regime so bastardized that 'GM' thingie, it was unrecognizable by the time we finally paid off the unions (with 37% of the company), campaign supporters and election donors, the discerning public was able to figure out that it was a complete sham!!
"....they're building better cars...." Quality was not optional at the time of the GM and Chrysler bailouts, or even with Ford--which refused bailout funds, even though the regime tried to force them as we did with the banks. Ford's "quality numbers" were good, but both GM and Chrysler's had to come up or even more socio-fascist bailouts couldn't save them!!
"....the entire auto industry added more than 200,000 jobs...." They sure did, one of the very few truisms you'll ever hear from me. What I'm not saying, though is that the vast majority of jobs were created by those 'foreign' monikers that manufacture in the United States, with American labor!!
Raising the CAFE standards has nothing to do with saving the American consumer money at the retail pumps; it has everything to do with control of every aspect of American life! You'll note that I rarely say much about the pump price of gasoline and diesel fuel. Gasoline prices at the 'immaculation rate' would save the consumer considerably more money with unchanged CAFE standards. I have no desire to see it drop; rather, I'd like to see it keep increasing, albeit at a much slower pace!! An 'owe-bamaFact:' The national average gas price has gone up 105% since my immaculation, diesel has gone up 95% since said immaculation.And it shows that depending on foreign oil doesn’t have to be our future. It shows that when we harness our own ingenuity, our technology, then we control our future. See, America thrives when we build things better than the rest of the world. I want us to make stuff here and sell it over there. I don't want stuff made over there and selling it over here. And that’s exactly what you’re doing here at the largest Rolls-Royce facility in the world. That’s what you’re doing by building the key components of newer, faster, more fuel-efficient jet engines. But a few weeks ago.... I went to Boeing, in Washington State, and I checked out a new Dreamliner. I even got to sit in the cockpit, which was pretty sweet. I didn’t press any buttons there, though because if it had started going it would have been a problem. So this plane, the Dreamliner, is going to keep America at the cutting edge of aerospace technology. American workers are manufacturing various components for it in Ohio, and Oklahoma, and South Carolina, and Kansas, and right here in Petersburg. In fact, the demand for their planes was so high last year that Boeing had to hire 13,000 workers all across America just to keep up. And Boeing is gaining more and more share all the time. So think about that. Rolls-Royce is choosing to invest in America. You’re creating jobs here, manufacturing components for jet engines, for planes that we’re going to send all around the world. And that’s the kind of business cycle we want to see. Not buying stuff that’s made someplace else and racking up debt, but by inventing things and building things and selling them all around the world stamped with three proud words: “Made in America.” Think about how important this is. I mean, imagine if the plane of the future was being built someplace else. Imagine if we had given up on the auto industry. Imagine if we had settled for a lesser future. But we didn’t. We’re Americans. We are inventors. We are builders. We’re Thomas Edison and we’re the Wright Brothers and we are Steven Jobs. That’s who we are. That’s what we do. We invent stuff, we build it. And pretty soon, the entire world adapts it. That’s who we are. And as long as I’m President, we’re going to keep on doing it. We’re going to make sure the next generation of life-changing products are invented and manufactured here in the United States of America. I--as well as others in the regime--continue to piss-n-moan about 'sending' jobs overseas, when the real truth is that the U.S. Tax Code, the EPA regulations, the OSHA regulations as well as the rest of the red-tape bullshit are 'DRIVING' businesses out of the country!! If you lived in Manhattan and could do your job in--say--Springfield, Missouri, wouldn't you move?!? Missouri's tax rates are far less than New York State's; the cost-of-living is far lower in Springfield than Manhattan; Springfield is on a major trucking freight lane, while Manhattan is not!! Truckers HATE to go into the five-boroughs that make up New York City.
See how I bally-hoo about visiting the Boeing Complex in Everett, Washington. I'm the same guy whose NLRB gave Boeing so much 'heartburn' about building a manufacturing facility in Charleston, South Carolina, lying about moving jobs from Everett to Charleston!! This was little more than favoring one of my largest blocks of support, the union membership over private industry!!So that’s why we launched an all-hands-on-deck effort. We brought together the brightest academic minds, the boldest business leaders, the most dedicated public servants from our science and our technology agencies all with one big goal: a renaissance in American manufacturing. We called it the Advanced Manufacturing Partnership. The Advanced Manufacturing Partnership. And today, we’re building on it. I’m laying out my plans for a new National Network of Manufacturing Innovation –- and these are going to be institutes of manufacturing excellence where some of our most advanced engineering schools and our most innovative manufacturers collaborate on new ideas, new technology, new methods, new processes. And if this sounds familiar, that’s because what you’re about to do right here at Crosspointe. Later this summer, the Commonwealth Center for Advanced Manufacturing will open its doors. And it’s a partnership between manufacturers, including this one, UVA, Virginia Tech, Virginia State University. VSU is a little overrepresented here, obviously the Commonwealth and the federal government. So think of this as a place where companies can share access to cutting-edge capabilities. At the same time, students and workers are picking up new skills, they’re training on state-of-the-art equipment; they’re solving some of the most important challenges facing our manufacturers.
You just got all this brain power and skill and experience coming together in this hub, and that makes the whole greater than the sum of its parts. It allows everybody to learn from each other and figure out how we’re going to do things even better. It’s going to help get that next great idea from a paper or a computer to the lab, to the factory, to the global marketplace. And that’s especially important for the one in three Americans in manufacturing who work for a small business that doesn’t always have access to resources like these. Obviously, big companies -- the Boeings, the Intels, the Rolls Royces -- they’ve got the resources, the capital, to be able to create these platforms. But some of the small to medium-sized businesses, it’s a little bit harder. So this gives them access and allows them to take part in this new renaissance of American inventiveness. And we’ve got to build these institutes all across the country -- all across the country. I don’t want it just here at Crosspointe, I want it everywhere. To do that, we need Congress to act. Hmm. It’s true. But that doesn’t mean we have to hold our breath. We’re not going to wait -- we’re going to go ahead on our own. Later this year, we’re going to choose the winner of a competition for a pilot institute for manufacturing innovation -- help them get started. With that pilot in place, we’ll keep on pushing Congress to do the right thing because this is the kind of approach that can succeed, but we’ve got to have this all across the country. I want everybody thinking about how are we making the best products; how are we harnessing the new ideas and making sure they’re located here in the United States. And sparking this network of innovation across the country – it will create jobs and it will keep America in the manufacturing game. Of course, there’s more we can do to seize this moment of opportunity to create new jobs and manufacturing here in America. We’ve got to do everything we can to encourage more companies to make the decision to invest in America and bring jobs back from overseas. And we’re starting to see companies do that. They’re starting to realize this is the place with the best workers, the best ideas, the best universities. This is the place to be. We've got to give them a little more encouragement. Right now, companies get tax breaks for moving jobs and profits overseas. Companies that choose to invest in America, they get hit with one of the highest tax rates in the world. Does that make any sense? It makes no sense. Everybody knows it. So it's time to stop rewarding businesses that ship jobs overseas; reward companies that create good jobs right here in the United States of America. That's how our tax code can work. That's how our tax code should work.
And let’s make sure all our workers have the skills that companies like this one are looking for -- because we've got to have folks engaged in lifelong learning. The days when you started out at 20 at one company and you just kept on doing the same thing for 40 years -- that's not going to happen anymore. So even if -- as I was meeting some of the folks here, they had been in the industry, they'd been machinists, they'd been in manufacturing for years. But they're constantly upgrading their skills and retraining. And some of them had been laid off and had gone back to school before they came to this company. And so we've got to make sure those opportunities for people mid-career and onward, that they can constantly go back to a community college and retool so that they can make sure they're qualified for the jobs of tomorrow. At a time when so many Americans are looking for work, no job opening should go unfilled just because people didn’t have an opportunity to get the training they needed. And that’s why I've asked Congress, join me in a national commitment to train 2 million Americans with the skills that will lead directly to a job -- right now. We need to create more partnerships like the one this plant has with John Tyler Community College. We should give more community colleges the resources they need. I want them to be community career centers -- places that teach people skills that companies are looking for right now, from data management to the kind of high-tech manufacturing that's being done at this facility. So day by day, we’re restoring this economy from crisis. But we can’t stop there. We've got to make this economy ready for tomorrow. Day by day, we’re creating new jobs, but we can’t stop there -- not until everybody who’s out there pounding the pavement, sending out their résumés has a chance to land one of those jobs.
See where I'm going, here?!? I fully intend to be--hopefully, with the exception of the 'FDR Depression'--as remembered as President Franklin Roosevelt. To that end, I've developed and initiated nearly as many 'alphabet agencies' as FDR did. The whole idea here is to grow the federal bureaucracy as quickly and as large as is possible given the distinct probability that I'll rule for only four years. With the proliferation of owe-bama 'alphabet agencies' there will be more and more control, more and more wealth re-distribution with fewer and fewer individual rights!! No one can doubt that I favor a college education for every graduating high school senior. What few understand is.... in most cases college is not necessary, in more-than-just-a-few cases, college is not the best choice for particular graduates. As Justin Case is fond of saying:
"More college graduates hire plumbers than plumbers who hire college graduates!"
Every day we’re producing more oil and gas than we have in years, but we can’t stop there. I want our businesses to lead the world in clean energy, too. We’ve got the best colleges and universities in the world, but we can’t stop there. I want to make sure more of our students can afford to go to those colleges and universities. Everybody knows we’ve got the best workers on Earth, but we can't stop there. We’ve got to make sure the middle class doesn’t just survive these times, we want them to thrive. We want them to dream big dreams and to feel confident about the future. I did not run for this office just to get back to where we were. I ran for this office to get us to where we need to be. And I promise you we will get there. Some of these challenges may take a year; some may take one term; some may take a decade -- but we're going to get there. Because when we work together, we know what we’re capable of. We’ve got the tools, we've got the know-how, we've got the toughness to overcome any obstacle. And when we come together and combine our creativity and our optimism and our willingness to work hard, and if we're harnessing our brainpower and our manpower, our horsepower, I promise you we will thrive again. We will get to where we need to go. And we will leave behind an economy that is built to last. We will make this another American century.
This on-going "oil-and-gas" kerfuffle nothing more than the socio-fascists whining-and-bitching about all the damage done to the environment, the ecology, the atmosphere. Hell, even the dumbest hill-billy in the country can understand that humans do not have the power to destroy any one or all of the aforementioned sectors of life on earth. The earth was 'engineered'--by some superior being--to be self-sustaining. Let's take the Gulf Oil Spill precipitated by the Deepwater Horizon as an example. At my behest, the national pamphleteer 'corpse' invested millions-of-dollars and thousands-of-hours in helicopter flights over the oil spill zones looking for the scum that accumulates on the water's surface. After the initial sightings, they became fewer and fewer. The regime kept the reason as quiet as possible for as long as possible, but it finally came to light. There's a type of algae that thrives on crude oil!! Who'da thunk it?!? There went our best defense for curtailing any drilling permits, deep water, shallow water or on land!!
The regime continues to prove--with each subsequent multi-million dollar gift--'green energy' in their current states, are unsustainable.
We give 'em money; they file for bankruptcy!!
'Green energy' within the auto industry is equally unsustainable. The Chevy Volt is selling so well that GM temporarily curtailed production for 6-8 weeks. Not only does the car not sell with a $7,500 federal bribe; the bribe will be increased to $10,000-maybe that will boost sales. Why buy a car with a range of 25-35 miles on electric motors when--with an additional 10-grand--you could be driving a Chevrolet Corvette!! We socio-fascists fully intend to drag America--kicking and screaming--back into the 'horse-and-buggy' era, albeit in style. What I mean by that is: Once the stratospheric fuel prices preclude buying vehicles with internal combustion engines--and with Volt-type vehicles--a day's travel will be taken back to that of farmers and their buggies.
My regime will continue to press socio-fascism as the American 'norm!' We used it during the recent presidential election with the New Black Panthers' Voter Intimidation Unit as well as the SEIU's "Purple People Beaters."
Showing posts with label bankruptcy. Show all posts
Showing posts with label bankruptcy. Show all posts
Tuesday, March 13, 2012
Saturday, February 25, 2012
"Clown Prince" Weekly Blather; February 25th
A Patriotic Response To The "Clown Prince;" 02/25/2012
barackingham Palace,
District of Corruption
February 25, 2012
In the State of the Union, I laid out three areas we need to focus on if we’re going to build an economy that lasts: new American manufacturing, new skills and education for American workers, and new sources of American-made energy. These days, we’re getting another painful reminder why developing new energy is so important to our future. Just like they did last year, gas prices are starting to climb. Only this time, it’s happening earlier. And that hurts everyone – everyone who owns a car; everyone who owns a business. It means you have to stretch your paycheck even further. Some folks have no choice but to drive a long way to work, and high gas prices are like a tax straight out of their paychecks. Now, some politicians always see this as a political opportunity. And since it’s an election year, they’re already dusting off their three-point plans for $2 gas. I’ll save you the suspense: Step one is drill, step two is drill, and step three is keep drilling. We hear the same thing every year. Well the American people aren’t stupid. You know that’s not a plan – especially since we’re already drilling. It’s a bumper sticker. It’s not a strategy to solve our energy challenge. It’s a strategy to get politicians through an election.
[What I'm not telling you: My three points here aren't nearly as important as those three points I demagogue later in this blather opportunity. For the past three-plus years, I've been touting the return of American manufacturing jobs; the plain truth is that the American companies involved can't profit from bringing the aforementioned jobs back on-shore. The federal--read: owe-bamacRATic; socio-fascist--tax policies coupled with the ineffciencies of a union-controlled labor force make any reasonable profits impossible.
The fossil fuels are the tried-and-true energy sources that have sustained the American manufacturing and business 'engines' for the past three centuries! Every American president since the mid-nineteenth century has had a viable, workable federal energy policy. Those policies centered primarily on the availability of inexpensive fossil fuels. Since my immaculation, the federal energy policy has been "higher retail prices will curtail demand!" Lest we forget my rewards for my supporters, donors, my voter blocks, an important part of the regime's energy policy is to subsidize those 'green-turned-black' energy companies, even though we knew they would file for bankruptcy within weeks of said subsidies. This allowed investors in companies like SOLYNDRA to reap untold profits prior to the various-and-several companies' collapse at the expense of the American taxpayer! Remember that ever-famous statement I made during the last "Campaign of Fluff?"
"Under my plan of a 'Cap and Trade' system, electricity prices will necessarily skyrocket."
...or how 'bout this one:
"So, if anyone wants to build a coal [-fired power] plant, they can.... it's just that it will bankrupt them, because they will be charged a huge sum for all that greenhouse gas that's being emitted."
Now, I ask you: Is this a viable, workable federal energy plan, or is it just more vindictiveness predicated upon the huge 'chip' on my shoulder?!? 'You be the judge!!']
You know there are no quick fixes to this problem, and you know we can’t just drill our way to lower gas prices. If we’re going to take control of our energy future and avoid these gas price spikes down the line, then we need a sustained, all-of-the-above strategy that develops every available source of American energy – oil, gas, wind, solar, nuclear, biofuels, and more. We need to keep developing the technology that allows us to use less oil in our cars and trucks; in our buildings and plants. That’s the strategy we’re pursuing, and that’s the only real solution to this challenge. Now, we absolutely need safe, responsible oil production here in America. That’s why under my Administration, America is producing more oil today than at any time in the last eight years. In 2010, our dependence on foreign oil was under 50% for the first time in more than a decade. And while there are no short-term silver bullets when it comes to gas prices, I’ve directed my administration to look for every single area where we can make an impact and help consumers in the months ahead, from permitting to delivery bottlenecks to what’s going on in the oil markets. But over the long term, an all-of-the-above energy strategy means we have to do more. It means we have to make some choices. Here’s one example. Right now, four billion of your tax dollars subsidize the oil industry every year. Four billion dollars. Imagine that. Maybe some of you are listening to this in your car right now, pulling into a gas station to fill up. As you watch those numbers rise, know that oil company profits have never been higher. Yet somehow, Congress is still giving those same companies another four billion dollars of your money. That’s outrageous. It’s inexcusable. And it has to stop.
[What I'm not telling you: Now on to the 'drilling' argument: Had George Soros and I not thought placating the environmentalists was 'the way to go,' we--and by 'we' I mean Soros--could have developed an energy exploration, development and production plan which very well may have taken the United States out from under the 'OPEC thumb.' We--and by 'we' I mean Soros--didn't; we--and by 'we' I mean the American consumer--now have to suffer with energy prices that seem to rise by-the-minute!
All the aforementioned 'alternative energy sources' have shown to be unsustainable without massive federal subsidies. Much like me purchasing General Motors with taxpayer money, the subsidies to 'green-turned-black' energy companies do little more than prop up poor managements, unworkable business models. Let's go back to the mid-19th century I spoke of earlier: Did Henry Ford get massive federal subsidies to develop his Model T, the most successful automobile in history?!? Did George Eastman get massive federal subsidies to develop materials that evolved into the Eastman-Kodak Company?!? Did that 'Wizard of Menlo Park,' Thomas Edison get massive federal subsidies to 'light-the-world?!?' ABSOLUTELY NOT!!! Each of these businesses had to 'stand-or-fall' on their individual viability.
That "...under my administration...." ditty? That's is--and was designed to be--quite misleading!! The real truth--which you'll never see admitted to anywhere else--is that most of the drilling permits in force today, are the product of that evil George W. Bush!! My regime has approved precious few new drilling permits; part of a continuing effort to force the American economy to accept alternative energy sources. The regime's 'all-of-the-above' energy strategy is quite similar to "throwing gobs-of-shit at the barn wall, hoping at least some will stick!!"
All the new drilling permits; the removal of delivery 'bottlenecks;' trying to second-guess foreign energy markets, doesn't mean 'squat' in the whole scheme-of-things. The EPA-in it's infinite wisdom--has regulated new refining facilities practically out-of-existence. The energy companies are forced to spend untold billions-of-dollars just to prepare for the EPA and Department of Energy permitting processes! Most older refineries on the Gulf Coast are only equipped to refine 'Brent Sweet' crude oil while refineries in the mid-west are capable of processing 'West Texas Intermediate' crude. Very few refineries have been upgraded to process "later-generation" variations of crude oil. No matter who says what: the onus is on the owe-bama Regime for this kerfuffle!!]
A century of subsidies to the oil companies is long enough. It’s time to end taxpayer giveaways to an industry that’s never been more profitable, and use that money to reduce our deficit and double-down on a clean energy industry that’s never been more promising. Because of the investments we’ve already made, the use of wind and solar energy in this country has nearly doubled – and thousands of Americans have jobs because of it. And because we put in place the toughest fuel economy standards in history, our cars will average nearly 55 miles per gallon by the middle of the next decade – something that, over time, will save the typical family more than $8,000 at the pump. Now Congress needs to keep that momentum going by renewing the clean energy tax credits that will lead to more jobs and less dependence on foreign oil. Look, we know there’s no silver bullet that will bring down gas prices or reduce our dependence on foreign oil overnight. But what we can do is get our priorities straight, and make a sustained, serious effort to tackle this problem. That’s the commitment we need right now. And with your help, it’s a commitment we can make.
[What I'm not telling you: Certainly, there are subsidies to the oil companies! Certainly, it's money that might be better-spent elsewhere! A secondary affect of oil company subsidies is lower retail product prices. We could end said subsidies, but at what cost; at what pain-level to the American consumer?!?
"....double-down on a clean energy industry that's never been more promising...."
Who--exactly--believes that bullshit?!? As I mentioned previously, the green-turned-black energy sector exists primarily for the regime to transfer taxpayer 'wealth' to owe-bamacRATic and owe-bama campaign supporters, seemingly without the ruler's "fingerprints" on the transfers!! Why is 'doubling-down' be any more productive, profitable than the previous 'singling-down' by the owe-bama regime that came just days and weeks prior to the seveal companies' bankruptcy filings?!? The several energy alternatives are currently unsustainable and thus will currently cost the American taxpayer far more than they'll ever realize. Let the alternatives live-and-die by consumer demand, product viability, much like the aforemention industrial titans!! Wake up, America!! The owe-bama regime--and by that I mean SOROS--will continue to circumvent the United States Constitution; circumvent all logic, until the Congress steps in to force us to stop. And--rest assured--we WILL NOT stop until forced to do so!! Soros does admit--by the way--these price issues, these production issues and these tax issues are a direct aid to the owe-bama class-warfare strategy!!]
barackingham Palace,
District of Corruption
February 25, 2012
In the State of the Union, I laid out three areas we need to focus on if we’re going to build an economy that lasts: new American manufacturing, new skills and education for American workers, and new sources of American-made energy. These days, we’re getting another painful reminder why developing new energy is so important to our future. Just like they did last year, gas prices are starting to climb. Only this time, it’s happening earlier. And that hurts everyone – everyone who owns a car; everyone who owns a business. It means you have to stretch your paycheck even further. Some folks have no choice but to drive a long way to work, and high gas prices are like a tax straight out of their paychecks. Now, some politicians always see this as a political opportunity. And since it’s an election year, they’re already dusting off their three-point plans for $2 gas. I’ll save you the suspense: Step one is drill, step two is drill, and step three is keep drilling. We hear the same thing every year. Well the American people aren’t stupid. You know that’s not a plan – especially since we’re already drilling. It’s a bumper sticker. It’s not a strategy to solve our energy challenge. It’s a strategy to get politicians through an election.
[What I'm not telling you: My three points here aren't nearly as important as those three points I demagogue later in this blather opportunity. For the past three-plus years, I've been touting the return of American manufacturing jobs; the plain truth is that the American companies involved can't profit from bringing the aforementioned jobs back on-shore. The federal--read: owe-bamacRATic; socio-fascist--tax policies coupled with the ineffciencies of a union-controlled labor force make any reasonable profits impossible.
The fossil fuels are the tried-and-true energy sources that have sustained the American manufacturing and business 'engines' for the past three centuries! Every American president since the mid-nineteenth century has had a viable, workable federal energy policy. Those policies centered primarily on the availability of inexpensive fossil fuels. Since my immaculation, the federal energy policy has been "higher retail prices will curtail demand!" Lest we forget my rewards for my supporters, donors, my voter blocks, an important part of the regime's energy policy is to subsidize those 'green-turned-black' energy companies, even though we knew they would file for bankruptcy within weeks of said subsidies. This allowed investors in companies like SOLYNDRA to reap untold profits prior to the various-and-several companies' collapse at the expense of the American taxpayer! Remember that ever-famous statement I made during the last "Campaign of Fluff?"
"Under my plan of a 'Cap and Trade' system, electricity prices will necessarily skyrocket."
...or how 'bout this one:
"So, if anyone wants to build a coal [-fired power] plant, they can.... it's just that it will bankrupt them, because they will be charged a huge sum for all that greenhouse gas that's being emitted."
Now, I ask you: Is this a viable, workable federal energy plan, or is it just more vindictiveness predicated upon the huge 'chip' on my shoulder?!? 'You be the judge!!']
You know there are no quick fixes to this problem, and you know we can’t just drill our way to lower gas prices. If we’re going to take control of our energy future and avoid these gas price spikes down the line, then we need a sustained, all-of-the-above strategy that develops every available source of American energy – oil, gas, wind, solar, nuclear, biofuels, and more. We need to keep developing the technology that allows us to use less oil in our cars and trucks; in our buildings and plants. That’s the strategy we’re pursuing, and that’s the only real solution to this challenge. Now, we absolutely need safe, responsible oil production here in America. That’s why under my Administration, America is producing more oil today than at any time in the last eight years. In 2010, our dependence on foreign oil was under 50% for the first time in more than a decade. And while there are no short-term silver bullets when it comes to gas prices, I’ve directed my administration to look for every single area where we can make an impact and help consumers in the months ahead, from permitting to delivery bottlenecks to what’s going on in the oil markets. But over the long term, an all-of-the-above energy strategy means we have to do more. It means we have to make some choices. Here’s one example. Right now, four billion of your tax dollars subsidize the oil industry every year. Four billion dollars. Imagine that. Maybe some of you are listening to this in your car right now, pulling into a gas station to fill up. As you watch those numbers rise, know that oil company profits have never been higher. Yet somehow, Congress is still giving those same companies another four billion dollars of your money. That’s outrageous. It’s inexcusable. And it has to stop.
[What I'm not telling you: Now on to the 'drilling' argument: Had George Soros and I not thought placating the environmentalists was 'the way to go,' we--and by 'we' I mean Soros--could have developed an energy exploration, development and production plan which very well may have taken the United States out from under the 'OPEC thumb.' We--and by 'we' I mean Soros--didn't; we--and by 'we' I mean the American consumer--now have to suffer with energy prices that seem to rise by-the-minute!
All the aforementioned 'alternative energy sources' have shown to be unsustainable without massive federal subsidies. Much like me purchasing General Motors with taxpayer money, the subsidies to 'green-turned-black' energy companies do little more than prop up poor managements, unworkable business models. Let's go back to the mid-19th century I spoke of earlier: Did Henry Ford get massive federal subsidies to develop his Model T, the most successful automobile in history?!? Did George Eastman get massive federal subsidies to develop materials that evolved into the Eastman-Kodak Company?!? Did that 'Wizard of Menlo Park,' Thomas Edison get massive federal subsidies to 'light-the-world?!?' ABSOLUTELY NOT!!! Each of these businesses had to 'stand-or-fall' on their individual viability.
That "...under my administration...." ditty? That's is--and was designed to be--quite misleading!! The real truth--which you'll never see admitted to anywhere else--is that most of the drilling permits in force today, are the product of that evil George W. Bush!! My regime has approved precious few new drilling permits; part of a continuing effort to force the American economy to accept alternative energy sources. The regime's 'all-of-the-above' energy strategy is quite similar to "throwing gobs-of-shit at the barn wall, hoping at least some will stick!!"
All the new drilling permits; the removal of delivery 'bottlenecks;' trying to second-guess foreign energy markets, doesn't mean 'squat' in the whole scheme-of-things. The EPA-in it's infinite wisdom--has regulated new refining facilities practically out-of-existence. The energy companies are forced to spend untold billions-of-dollars just to prepare for the EPA and Department of Energy permitting processes! Most older refineries on the Gulf Coast are only equipped to refine 'Brent Sweet' crude oil while refineries in the mid-west are capable of processing 'West Texas Intermediate' crude. Very few refineries have been upgraded to process "later-generation" variations of crude oil. No matter who says what: the onus is on the owe-bama Regime for this kerfuffle!!]
A century of subsidies to the oil companies is long enough. It’s time to end taxpayer giveaways to an industry that’s never been more profitable, and use that money to reduce our deficit and double-down on a clean energy industry that’s never been more promising. Because of the investments we’ve already made, the use of wind and solar energy in this country has nearly doubled – and thousands of Americans have jobs because of it. And because we put in place the toughest fuel economy standards in history, our cars will average nearly 55 miles per gallon by the middle of the next decade – something that, over time, will save the typical family more than $8,000 at the pump. Now Congress needs to keep that momentum going by renewing the clean energy tax credits that will lead to more jobs and less dependence on foreign oil. Look, we know there’s no silver bullet that will bring down gas prices or reduce our dependence on foreign oil overnight. But what we can do is get our priorities straight, and make a sustained, serious effort to tackle this problem. That’s the commitment we need right now. And with your help, it’s a commitment we can make.
[What I'm not telling you: Certainly, there are subsidies to the oil companies! Certainly, it's money that might be better-spent elsewhere! A secondary affect of oil company subsidies is lower retail product prices. We could end said subsidies, but at what cost; at what pain-level to the American consumer?!?
"....double-down on a clean energy industry that's never been more promising...."
Who--exactly--believes that bullshit?!? As I mentioned previously, the green-turned-black energy sector exists primarily for the regime to transfer taxpayer 'wealth' to owe-bamacRATic and owe-bama campaign supporters, seemingly without the ruler's "fingerprints" on the transfers!! Why is 'doubling-down' be any more productive, profitable than the previous 'singling-down' by the owe-bama regime that came just days and weeks prior to the seveal companies' bankruptcy filings?!? The several energy alternatives are currently unsustainable and thus will currently cost the American taxpayer far more than they'll ever realize. Let the alternatives live-and-die by consumer demand, product viability, much like the aforemention industrial titans!! Wake up, America!! The owe-bama regime--and by that I mean SOROS--will continue to circumvent the United States Constitution; circumvent all logic, until the Congress steps in to force us to stop. And--rest assured--we WILL NOT stop until forced to do so!! Soros does admit--by the way--these price issues, these production issues and these tax issues are a direct aid to the owe-bama class-warfare strategy!!]
Saturday, February 4, 2012
"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.]
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.]
Labels:
bailouts,
bankruptcy,
confiscate,
fannie mae,
foreclosures,
freddie mac,
HARP,
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mortgages,
obama,
obama money,
TARP,
tax cuts,
underwater
Friday, February 3, 2012
This'n'That; February Third #1; STILL Out-Of-Touch!
Must "Clown Prince" Continue Demonstration?!?
Since "Clown Prince ZERO-bama, the Narcissist" came on the political scene in Illinois, he's been "the most inexperienced guy in the room." Throughout his 143-day U.S. Senatorial term he continued to display inept inexperience. Now that the presidency has been purchased for him, the demonstration continues.
Seemingly--and most probably--never having read the complexities of the 2,300-page Dodd-Frank monstrosity, he continues his 'blame-game' with the republicRATs; blaming them for 'detesting simplicity' as Dodd-Frank relates to the housing and mortgage industries. The Dodd-Frank legislation created the Consumer Financial Protection Bureau (CFPB); the "Clown Prince" circumvented both the Constitution and the Congress by appointed Richard Cordray as it's first director with the Congress still in session. The CFPB vastly complicates both lenders' and comsumers' lives by--among other demands:
1) Requiring lenders to report 'tons-and-tons' of new data relating to race,
2) Requiring studies on the fairness of the FICO credit scoring system,
3) Requiring an 'Office of Fair Lending' to police banks and 'target areas of greatest risk for discrimination,'
4) Requiring and overseeing a 'diversity czar' in each federal financial agency, including the Fed and it's twelve regional banks.
All this additional bureaucracy adds exactly zero-point-crap in protecting America from another housing/mortgage kerfuffle!! Essentially, it provides yet another avenue for more-and-more "Clown Prince" political payoffs!!
With his remarks during a 'taxpayer-funded' campaign stop in Falls Church, Va., the "Clown" continues to blame everyone but himself and the regime's owe-bamacRATic henchmen who promoted housing-at-any-cost, instead blames the lenders who approved inappropriate mortgages (albeit, at the regime's demand!); blamed lenders who bundled and sold those illogical mortgages in an attempt to recoup some of the anticipated losses they were forced into. But.... no blame for the "Clown Prince!!"
As the nation enters into HARP (Home Affordable Refinance Program) Number 3 or 4, those promoting the various programs--the owe-bama Regime--are doing so to 'cash in' on the additions to their voter bases. Judging by the lackluster participation of the first couple of HARPs, said voter bases won't be all that enhanced!! As "Clown Prince ZERO-bama, the Narcissist" blames everyone but those at fault, he increases pressure on Freddie Mac and Fannie Mae to make even more unrecoverable mortgages than they have in the past!
Mitt Romney--both campaigning in Nevada and during last Tuesday's debate--is proving he understands 'the free market system;' at least a far better understanding of the concept than "Clown Prince ZERO-bama, the Narcissist." During an editorial board meeting with the Las Vegas Review Journal, Mr Romney said:
"As to what to do for the housing industry specifically and there are things you can do to encourage housing: One is, don't try to stop the foreclosure process. Let it run it's course and hit the bottom."
During the most recent debate, Mr Romney said:
"The idea of the federal government running around and saying 'We're going to give you some money for trading in your old car....or we're going to keep banks from foreclosing if you can't make your payments.' The right course is to let markets work."
Had George Soros--one of the planet's greatest 'marketeers'--allowed the markets to work, "Clown Prince ZERO-bama, the Narcissist" wouldn't have been able to reward his buds in the labor, auto and service unions as well as the several contributors, donors and supporters. Nor would the "Clown Prince" have been able to 're-distribute the wealth' by paying private bondholders mere cents-on-the-dollar as a reward for their investment. Bankruptcy as well as the foreclosure process, weeds out poor business plans, ineffectual management teams much like they weed out those who can't afford or have no intention of paying, a mortgage. Had George Soros allowed the markets to work we would be seeing--if not now, soon--the housing market shake-out and starting to right itself.
'Splain to me again why YOU elected this Arschloch?!?
Til Nex'Time....
Since "Clown Prince ZERO-bama, the Narcissist" came on the political scene in Illinois, he's been "the most inexperienced guy in the room." Throughout his 143-day U.S. Senatorial term he continued to display inept inexperience. Now that the presidency has been purchased for him, the demonstration continues.
Seemingly--and most probably--never having read the complexities of the 2,300-page Dodd-Frank monstrosity, he continues his 'blame-game' with the republicRATs; blaming them for 'detesting simplicity' as Dodd-Frank relates to the housing and mortgage industries. The Dodd-Frank legislation created the Consumer Financial Protection Bureau (CFPB); the "Clown Prince" circumvented both the Constitution and the Congress by appointed Richard Cordray as it's first director with the Congress still in session. The CFPB vastly complicates both lenders' and comsumers' lives by--among other demands:
1) Requiring lenders to report 'tons-and-tons' of new data relating to race,
2) Requiring studies on the fairness of the FICO credit scoring system,
3) Requiring an 'Office of Fair Lending' to police banks and 'target areas of greatest risk for discrimination,'
4) Requiring and overseeing a 'diversity czar' in each federal financial agency, including the Fed and it's twelve regional banks.
All this additional bureaucracy adds exactly zero-point-crap in protecting America from another housing/mortgage kerfuffle!! Essentially, it provides yet another avenue for more-and-more "Clown Prince" political payoffs!!
With his remarks during a 'taxpayer-funded' campaign stop in Falls Church, Va., the "Clown" continues to blame everyone but himself and the regime's owe-bamacRATic henchmen who promoted housing-at-any-cost, instead blames the lenders who approved inappropriate mortgages (albeit, at the regime's demand!); blamed lenders who bundled and sold those illogical mortgages in an attempt to recoup some of the anticipated losses they were forced into. But.... no blame for the "Clown Prince!!"
As the nation enters into HARP (Home Affordable Refinance Program) Number 3 or 4, those promoting the various programs--the owe-bama Regime--are doing so to 'cash in' on the additions to their voter bases. Judging by the lackluster participation of the first couple of HARPs, said voter bases won't be all that enhanced!! As "Clown Prince ZERO-bama, the Narcissist" blames everyone but those at fault, he increases pressure on Freddie Mac and Fannie Mae to make even more unrecoverable mortgages than they have in the past!
Mitt Romney--both campaigning in Nevada and during last Tuesday's debate--is proving he understands 'the free market system;' at least a far better understanding of the concept than "Clown Prince ZERO-bama, the Narcissist." During an editorial board meeting with the Las Vegas Review Journal, Mr Romney said:
"As to what to do for the housing industry specifically and there are things you can do to encourage housing: One is, don't try to stop the foreclosure process. Let it run it's course and hit the bottom."
During the most recent debate, Mr Romney said:
"The idea of the federal government running around and saying 'We're going to give you some money for trading in your old car....or we're going to keep banks from foreclosing if you can't make your payments.' The right course is to let markets work."
Had George Soros--one of the planet's greatest 'marketeers'--allowed the markets to work, "Clown Prince ZERO-bama, the Narcissist" wouldn't have been able to reward his buds in the labor, auto and service unions as well as the several contributors, donors and supporters. Nor would the "Clown Prince" have been able to 're-distribute the wealth' by paying private bondholders mere cents-on-the-dollar as a reward for their investment. Bankruptcy as well as the foreclosure process, weeds out poor business plans, ineffectual management teams much like they weed out those who can't afford or have no intention of paying, a mortgage. Had George Soros allowed the markets to work we would be seeing--if not now, soon--the housing market shake-out and starting to right itself.
'Splain to me again why YOU elected this Arschloch?!?
Til Nex'Time....
Labels:
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bankruptcy,
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Dodd,
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HARP,
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inexperience,
obama,
Richard Cordray
Tuesday, January 24, 2012
This'n'That; January Twenty-Fourth #3; owe-bama Blather
[I tried to fix this-it's too blogspot-ted!! Go to www.justincase505.wordpress.com]
owe-bama State of the ‘Onion’ Blather Topics
“Clown Prince ZERO-bama, the Narcissist“ will take a Tuesday evening opportunity to disrupt his subjects’ viewing schedules with insane blather on various insane topics. The relevant definition for tonight:
Insanity: Doing the same thing over and over again, expecting a different result.
[attr:] Albert Einstein (1879-1955)
Giving the aforementioned quote a face, “Clownie” will propose continuing to take the country down ‘the Soros road to socio-fascism:’
The public has experienced this policy for the past three years’ owe-bama rule. It’s gotten us exactly: NO WHERE!! Oh….. that’s not exactly true-the labor and service union heads; the major supporters; the major contributors, were handsomely rewarded with a large percentage of the proceeds of the $787 BILLION in PORKulus and bailout funds.
He wants tax reform so the wealthier among us pay more in taxes. He’d also like to see the ‘Bush-43‘ tax cuts expire. This serves no one except those in government addicted to spending money they‘ve not earned!! The reform proposal will take funds away from going concerns which in-turn will result in further economic downturns and lost jobs. This only exacerbates the actual problem-SPENDING! When George Soros determines that the hugely extravagant national debt is undermining his plans for a governmental takeover, SPENDING will be addressed….and, not until!
”Clown Prince ZERO-bama, the Narcissist” is certainly ‘putting a face on’ the definition of INSANITY!! We’ve seen many of these proposals enacted in the current regime as well as past administrations, to NO POSITIVE EFFECT!! This is his feeble attempt to make the upcoming campaign and election about the role of the government and the future of the middle-class; not about his inept, incompetent rule!! The “Clown Prince“–in his attempt to reinforce his ‘income inequality’ philosophy–clearly doesn’t understand the ratio between “exertion extended versus compensation achieved.” This is nothing more than another attempt at cementing his ‘racial and economic warfare’ philosophy in the American mind.
‘Splain to me again, why YOU elected this Arschloch?!?
Til Nex’Time….The net-affect of the ‘Buffett Rule‘ will be a reduction of taxpayers’ monies to the Treasury Department. If one can't keep ”the fruits of his labors” then why ’labor?!?’ Why invest or labor any more than the amount which will earn UP TO the one-million-buck limit?!?Why–in the face of the Keystone XL pipeline jobs rejection–is this even relevant?!? Given the dismal graduation rates, the abysmal drop-out rates: clearly-money is NOT the answer! Monetary control must be at the district or county level rather than with the teachers’ unions. A teacher’s salary of $120,000 is not uncommon…. for six-months work!! This is nothing more than extending the students’ ignorance; extending the unions’ power and control!In this proposal, the word ‘incentives‘ is defined as: “payoffs to my supporters and contributors who were tipped-off to invest in the particular company we’ll give money to.“ Do we all remember “Solyndra?!?” This company was already failing when the Energy Department–at Soros, owe-bama‘s insistence–approved giving them $528 MILLION! Lazard (an asset management, advisory company [offices in 42 cities in 27 countries-WORLDWIDE]) told the Energy Department that Solyndra was already failing prior to the give-away. It happened anyway!! Solyndra took the money, promptly split it among it’s officers and “investors,” laid off 1,100 and filed for bankruptcy!! REMEMBER: Solyndra is but one of nearly a dozen failed businesses the regime has “invested” your money in!! It has been suggested by economists–of either party–nationwide that to bring jobs on-shore, cut the corporate tax from the current 35% to 15, 12, to ZERO!! Again, it’s the spending addiction that drives America’s current tax policy. While “Clownie” purports to be a tax-reform mouth-piece, he continues to propose ‘band-aids’ for budgetary problems.We’ve seen several of these bailout plans over the last three years. Of those homeowners who qualify, few took advantage of the plans. What ever happened to personal principles, personal responsibility?!? Do the math before you buy a house; if ya can’t afford it now, ya can’t afford it in the future!! When homeowners receive bailouts from the federal government and subsequently sell said house, how much of the profit do they owe the taxpayers who are majority stake-holders in the property?!?
The “Clown Prince” will continue down the Soros path of ‘devisive politics’ with his proposals concerning economic inequality and the federal government insuring ‘a fair shake for all.’
The “Clown Prince” proposes to continue his onslaught on those who’ve prospered with hard work and wise investments:
The “Clown Prince” proposes more bailouts for ‘homeowners-in-trouble:’
The “Clown Prince” will propose MORE tax breaks for those companies who return jobs to the United States:
The “Clown Prince” will propose more ‘clean energy’ incentives:
The “Clown Prince” will propose ‘enhanced’ education and job-training initiatives, primarily high school graduates seeking technical degrees:
The “Clown Prince” will propose the ‘Buffett Rule,’ establishing a minimum tax for those earning more than one-million-bucks:
‘Splain to me again, why YOU elected this Arschloch?!?
Til Nex’Time….
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