Barack’s Self Fulfilled Prophecy

My Flag Flies Everyday

My Flag Flies Everyday

Today, I saw another interesting news bit. This time it was a map of the US showing the states that are asking for a bailout. Of course, my home state of Illinois is up there with its hand out too. We have good company though; New York, Ohio, California, Arizona, and a few others. All of these states share a common trait. Their political populations are Democratic.  What is it about Democrats? Why are they lined up with their hands out? Do they know any other way to live?

I can only speak for Illinois,  but I’m sure the other states have similar problems. The biggest problem in Illinois is that our leaders have never heard of the concept of a balanced budget. They do, however, know how to spend, raise taxes, and raid pension funds. Recently, Cook County President, Todd Stroger instituted a sales tax increase which makes the residents of Cook County among the highest tax payers in the country. The ink isn’t even dry on the law yet, and he is asking for a bailout. When is enough, enough?

Without a curb on spending and learning to live within our means, the deficit grows, and grows, and grows. Each of the states listed in the bailout demographic has a long time penchant for spending except Arizona. These states have never learned to say “no.” I was surprised to see Arizona included in this demographic, until I realized that they too have become democratic in recent years. At one time, Arizona was a very conservative state. They are now faced with shortfalls, and debt that is beyond their means to pay. Is this what appeals to Democrats? 

Our Federal  Government is no different, except it owns the printing press, and the plates for making money. Each Democratic government from Lyndon Johnson to Bill Clinton supported spending beyond the means to pay back. They invented social programs which caused the banking system to fail, and legislated laws governing everything from fuel mileage to drilling  for oil.

Democrat Bill Clinton brags about his balanced budget and a predicted budget surplus. It is my thinking that the government should have lowered taxes to give the surplus back before the temptation to spend it went into high gear. Our representatives in Washington only saw it as an opportunity to spend it all before we figured it out.

Along comes Barack Obama who for the past two years has been brainwashing the country into believing life is really bad. He created the concept of “failed economic policies,” and turned the idea into a “self fulfilling prophecy.” In very eloquent rhetoric he hypnotized the populace into believing the failure was real. Then, very cleverly, he blamed it on George Bush. I am not a big supporter of W, but give me a break. He is not the reason the banks failed. He did stretch us with the war, but not the subprime loan curse. Had he found WMD in Iraq, things might be different. We didn’t find them, so we have a huge expenditure we don’t need. 

Now, we are faced with a prophecy that is becoming reality. Barack was so good at brainwashing the country, he is being called upon to correct his largest problem, i.e. keeping the country from going into a full blown depression. The number of states lined up with a hand out is a glance into the near future of “Change We Can Believe In.” He never did define what the change would be, did he?.

Obama Cooks!

In my business I learned about something called “root cause.” Whenever we were faced with the solution to a problem, we were to keep asking why, until we found the “root cause.” The concept sounds simple, but in the real world, looking for, and finding the root cause was not always easy. For the last two weeks, I have been looking for the root cause of the “bailout.” It hasn’t been easy, but slowly the facts surface and the source of the problem is emerging.

Back in the nineteen sixties Lyndon Johnson became President after John Kennedy was assassinated. LBJ wanted a legacy. He created the “Great Society.” He saw a world that  would be equal for all people, not just whites. His program was a response to the black civil rights movement. In nineteen sixty eight, with the support of President Lyndon Baines Johnson, Congress passed and enacted the Fair Housing Act (Title VIII of the Civil Rights Act of 1968). This law was enacted to eliminate discrimination within the housing market.

Tracing the path from the subprime mortgage failure to Barack Obama, Fannie Mae, Freddie Mac, Bill Clinton, ACORN, to LBJ is complex, but the underlying root cause of this catastrophic failure is the Fair Housing Act. Looking back on it, the act totally contradicts good business practices of free trading banks. It is a Federal givaway program to poor people across the country. We as a nation bought into this venture, and as long as everything was going well, we enjoyed the profits.

Several leaders involved in the melt down  enjoyed really big profits. I laugh when I hear the politicians speak about the “greed” on Wall Street.  The “greed” thing was being promulgated by Fannie Mae and Freddie Mac. The leaders of these organizations were cooking the books to make a bonus. Thank God the mess finally exploded. Who are the greed mongers? Three men emerge as prominent thieves.

They are: 1.) Franklin Raines, CEO at Fannie Mae, he left with a golden parachute of $240,000,000.00.

2.) Tim Howard, CFO at Fannie Mae, His parachute is valued at $20,000,000.00.

3.) Jim Johnson, CEO at Fannie Mae, jumped with a $28,000,000.00 parachute.

All three of these guys should be incarcerated, instead they went out and found new jobs.

Guess where they work now?  All three work for BO as economic advisors. With these three guys in his pocket, imagine how  BO will cook the books of the United States Treasury?

Can we really trust him to guard the hen house when he has all the foxes working with him?

Back to my original point, the root cause of this mess, the Fair Housing Act (Title VIII of the Civil Rights Act of 1968) must be repealed before it destroys the world economy.

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