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Tuesday, December 09, 2008

Obama the Regulator – Part I

Three-Part Series in Hypocrisy titled Obama the Regulator

Part I – The Financial Crisis

How's this for irony? The same guy who helped create the financial crisis is now in charge of getting us out of it! Yes Obama vows strong new financial regulations. Recall that Obama vows have a "good until" date on them, so be sure to find out when they expire, unless you like spoiled milk.

After Obama's cronies at Fannie Mae and Freddie Mac have bilked the US taxpayers out of billions of dollars, he now wants to institute oversight on his watch. Nevermind that Bush and McCain pushed for oversight of these organizations as early as 2005, while Obama was receiving money from both organizations' lobbyists. And nevermind that as an attorney Obama

 was forcing mortgage companies to make these high risk loans under threat of extortion. But who am I to bring this up, particularly since the internet site has been likely been scrubbed?

In a discussion on Sunday, Obama said,

"We've got to have transparency, openness, fair dealing in our financial markets and that's an area where I think over the last eight years we've fallen short."

Yes, like the transparency we have had in knowing Obama's citizenship, how he paid for college, his medical records, his relationship with terrorist, and so on.

And in typical Obama fashion, he 'level sets' that things will "get worse, before they get better". So there's the old "get out of jail free

 card", that the media will be happy to redeem as the economy craters, and craters, and craters. Guess what the mantra will be, when Obama continues to fail? Eight years of the failed Bush policies is to blame. Because Lord Obama will never take blame, on that you can bet.

So what's the socialist solution? Spend a fortune, as Obama's taped comments on Meet the Press indicate he plans to do:

""We can't worry short term about the deficit ... We've got to make sure the economic stimulus plan is large enough to get the economy moving," he said."

Don't bother to hold on to your wallets unless you want to lose your hand as well, because Obama is going to just rip it right out of your back pocket. Obama and his type obviously believe that we have an endless supply of money, so just spend your way out of a crisis. This is what happens when you have never had to balance a real budget.

Nevertheless, I am taking Obama's advice, so here is how I will fix financial deficits in my household. If I can't pay the mortgage, screw it. I just go buy myself a Lexus and spend my way to good financial health.

And what is his actual plan for getting us out of this morass?

"Speaking at a news conference in Chicago, he said he was confident that if the right steps were taken in the coming months to get the economy back on track, "we can emerge leaner, meaner and ultimately more competitive and more prosperous"."

I love the way Obama says absolutely nothing, but wraps a bow around the 'hopeful' ending?

 Brilliant! "If the right steps were taken, we can emerge…" And if a frog had wings, would he bust his ass jumping? Plan? Plan? We don't need no stinkin' plan!

Having Democrats in control of money is like having Chimpanzees babysitting your kids.

That's my rant!

© 2008 Kevin Jackson – The Black Sphere All Rights Reserved



Unknown said...

It is amazing how this man can say nothing and have so much suppirt for ... nothing. You have nailed it... after 8 years.. and he wil be there for 8.. he will still be trying to "clean up the mess left by W" because nothing will be done and we will have then become the socilaist society he so dreams of. It must be nice to spend money you dont have. It sad to see our great country goind down this path... sadly most of His followers are not even aware what is at the end...oh wait... that's right.... HOPE... CHANGE

Pacaderm said...

Lest we not forget that The Great One plans on "saving millions of jobs..." What the hell is THAT?! "Saving millions of jobs..." I run that over and over in my head and I get to the same conclusion... "WHAT?!"

Unknown said...

"After Obama's cronies at Fannie Mae and Freddie Mac have bilked the US taxpayers out of billions of dollars, he now wants to institute oversight on his watch."

Are you sure?

The Black Sphere said...

Haha...yes, the idea of "oversight" by a Lib is laughable, so thanks for pointing that out Jollyjo! Maybe he will pay back some of the overseas money that supported his campaign through the internet? Why worry about $500 screwdrivers, when you can spend $5M to finance a clandestine "suitcase nuke" campaign?

Unknown said...

Jackie....we are going to Hope we have some Chan$ge......

Unknown said...

If you want to experience the totality of liberal idiocy read some of the comments left on the daily kos in the wake of the Blago fiasco.

Biased Girl said...

2012 will be interesting. It's always hard to take on an incumbent, but a lot can happen in 4 years. Obama's followers might not be as excited the second time around, and Republicans will be looking to replace him regardless. So here's hoping the GOP's recent three for three is a sign of good things to come...

The Black Sphere said...

We will defeat this socialist, just like Reagan put a whoopin' on the peanut farmer! Obama is losing his media, so he won't have as much of a bully pulpit in the next 4 years! Also, he's an idiot!

Anonymous said...

This empty suit hailing from my home town of Chi-town won't have such a following the next time around. Why? Because they, the majority of blacks who voted for him will still be living in the same situation as before or worst, with no change in their status, no gas money, no housing money...nothing, and they will be standing in the bread lines with us wondering what happen to 'the change, hope, etc...
Many people I know that voted for him expects him to solve their problems that are a result of their own bad decisions. I told them, we as black people have to except the responsibility for our own actions. Black people have to be accountable for their own actions. Those too stupid to realize that they have been brain-washed to beleive its always somebody elses fault for their failures we still support him, but I predict those numbers will be smaller. Hey kevin, have you read Shelby Steeles book, White Guilt...
It would make a great Christmas stocking stuffer for some in your family :) .

The Black Sphere said...

No truer words could be spoken Rose-Bud. He's giving them fish, not teaching.

Anonymous said...

lccat 22 hr 31 min ago
Dugg by friends: ChronicColonic, DWalla, KJeffV, lccat, mmaine, rightwingattila, VRayZ

I'm afraid some may miss the "Big Picture", obama is in charge and HE has only the United States Citizen's best interest in mind, "Trust in HIM"!

The Black Sphere said...

thoughtsonthis 18 hr 58 min ago

I thought money had the term "In God We Trust", but I may be wrong.