Is The Obama Infestation Destroying Our Economy On Purpose?
Pointing out the continuous failures of the Obama Infestation and their compatriots in the US House and Senate is becoming monotonous; however, if I and others like me fail to beat the drum, the Apathetic among us will continue to believe the tripe being championed by the White House and Congress.
Those running the show in Washington want you to believe the government is the answer to all that is wrong in our nation, when in fact Washington is the cause of everything that is wrong in America. In true American apathetic short-sightedness, Americans, in general, cannot think beyond the current headlines to find the root causes of our problems. Our current economic crisis was sparked by the housing market and the sub-prime mortgage fiasco. This we all know from the news. What isn’t reported is the true cause of the sub-prime mortgage problem: the federal government.
During the Carter years, the Democrat controlled Congress passed a piece of legislation which the economically challenged Jimmy Carter signed into law called The Community Reinvestment Act. Later during the Clintonian Infestation, community organizing groups like ACORN strong armed banks into making loans to high risk borrowers under enforcement of The Community Reinvestment Act and housing saw a dramatic increase. Sales were up, home prices and values shot up and everyone who could began to flip houses for profit. Everyone was having a ball. Until….the bubble burst.
The Community Reinvestment Act created the sub-prime mortgage situation. Lenders were lending money to home buyers at low adjustable rates which, over time, would dramatically increase. Lenders, under the impression the federal government would be backing these loans, were forced to make these loans under threat of The Community Reinvestment Act. How was this perceived? Fannie and Freddie.
Lenders and the general public had this idea that Fannie Mae and Freddie Mac were entities of the federal government when, in fact, they are not. They are federally financed, but they are private companies. Like the current take over of General Motors, Fannie and Freddie derive any short-falls from the US Treasury. Enter the problem. People got to a place where they could no longer pay their mortgages. Energy prices skyrocketed as oil was reaching an all-time high. People were faced with a choice between feeding their children or paying the bank for their house. When Countrywide bottomed out because of the rapid increase of mortgage default, lending in general took a nose dive. Credit was no longer available to anyone.
The US economy is credit driven. Our national debt is financed by credit. We (not all but most) live our lives on credit. So when credit dries up, so does the economy.
Liberals dreamed up The Community Reinvestment Act. Liberals passed it and a liberal signed it. Now they want you to believe that someone other than themselves are to blame for the bad economy created by the legislation. They also want you to believe the way to fix it is by spending money the nation does not have.
A baby born today is already nearly $4,000 in debt. That is the amount of the national debt this newborn baby is personally responsible for. What is the Infestation’s solution? “Let’s give the new little one a $500 bond.” Have you ever heard such nonsense in your life?!?
Ok, here’s a solution for the bad economy. Let’s curb unemployment by spending more money we don’t have to repair America’s crumbling infrastructure. Sounds cool right? Until you realize that since it is federal tax dollars being spent on the projects, all the work preformed must be done either by union employees OR non-union employees paid union wages and provided with union benefits. Many non-union contractors are being excluded on bidding on infrastructure projects because they cannot pay those wages or provide those benefits. Not to mention another little fact the Infestation failed to tell America. Eventually the projects end. The roads and bridges will eventually all be built so these are NOT permanent jobs being created. They are just band-aid style stop-gap measures taken in hopes of improving the political position of the party in power. Nothing more.
Moodys yesterday warned that if the US doesn’t end the out-of-control spending spree it is on, it will lose it’s AAA rating. This might not mean anything to any of you until you realize that if our nation’s credit rating – the Moodys rating – is downgraded, the value of our currency is going to tank. Then, all bets are off. Your house and business will be worthless. Interest rates will be unaffordable and the dollar will have the value of toilet paper.
These facts bring up an interesting question. Is the Infestation doing all of this in order to purposefully destroy the US dollar?
Barack Hussein Obama is one of these New World Order types who sees the Useless Nations as a potential World Governmental body. One world under the UN with one currency that we all use. Key to this is removal of the current dominating currency – the US dollar. He can only do this if you allow him to. He needs you to not be looking at what he’s doing so you don’t know it’s happening. By not paying attention, you are giving this Infestation the tools it needs to rob our nation blind and sell us out to governing body which is jealous of our success and standard of living.
Why does the world hate the US? Not US arrogance as the President and his Party believe. No. The world is jealous of our affluence.
I’ve said this before and it bears repeating.
You cannot legislate universal prosperity, but you can legislate universal poverty.
You cannot legislate universal health, but you can legislate universal sickness.
You cannot legislate universal happiness, but you can legislate universal despair.
The current leadership in Congress and this President are attempting to legislate universal poverty through tax increases and environmental legislation which will do nothing but inefficiently redistribute wealth. They are attempting to legislate universal sickness though health care reform that has no chance of increasing the health of the nation. And they are attempting to legislate universal despair with every action they take and every word they speak. They do so with a very compliant media.
In a rare defense of the media, I must give them some praise today. Yesterday the White House attempted to deal the 1st Amendment a blow by wanting to exclude FoxNews in a series of interviews with the White House Pay Czar. The other White House press pool members sided with Fox in telling the White House that if FoxNews was not included, they would not be participating either. For this, I must say the press is finally showing signs of integrity.
/rant
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