So, let's get one thing straight. Obama would not have done these commercials had he not lied to the American people in the first place. Obama said he would accept public financing until he realized he could raise more money through the Internet thus breaking his promise. In other words, he lied. Why does anyone think he will not break his promises once in office? He will.
Most of Obama's drivel was the same rhetoric he has been espousing for the last 19 months with a few caveats.
Once again, the first words out of his mouth were that the financial crisis was caused by eight years of failed Bush policies. Doesn't anyone get tired of that? Yes a lot of the blame falls with the Republican administration but no one said Bush was a conservative. His Medicare drug boondoggle was about as far away from conservative principles as one could imagine. But, who encouraged families who could not afford houses to buy houses? It was through the Community Reinvestment Act promoted by Democrats Chris Dodd and Barney Frank. The purpose of this act was to pressure banks into making loans people could not afford. Fannie Mae and Freddie Mac two Democratic behemoths were the main culprits behind much of this financial mess. Of course, culpability does lie with Bush also. He, too, encouraged home buyers to purchase homes, and he praised the efforts of Fannie Mae and Freddie Mac. These are not conservative principles. When did home ownership become a right? And not something obtained through hard work.
Moreover, it was the Bush administration who erroneously believed that by having an enervated dollar, our trade deficit would be lowered by artificially making exports cheaper. Never since the Carter years has the dollar been so weak. Greenspan fanned the flames by injecting too much liquidity into the market through his policy of low interest rates. Greenspan finally admitted he was wrong.
In 2007, FASB issued its notorious FAS 157, mark to market rules. FAS 157 was devasting to this financial crisis. It required companies to mark their assets down to some FMV even if there was no market. Such was the case with the subprime market. There was no current market, but financial institutions had to value these instruments at next to nothing. Because there is no market does not mean there is no value. Financial institutions were still cash flow positive, but mark to market rules forced companies to increase their capital requirements. According to Forbes Magazine had these rules been in effect during the banking trouble in the early 1990s, almost every major bank in the U.S. would have collapsed. We would have had a second Great Depression. Fortunately, the SEC has gotten the message, and the mark to market rules are being revisited.
All those anecdotal sob stories Obama showed about families who could no longer afford their mortgages made you want to cry or not. What about the renters who couldn't purchase homes because houses were artificially high? - as a result of bad policy decisions. Now, Barack Obama says let's have a moratorium for 90 days on foreclosed homes. And, what will that accomplish? - Just delay the inevitable
Did you notice, Barack Obama said families who earn 200,000 dollars or less will not pay any taxes? Last week it was 250,000 dollars, and Joe Biden said it was 150,000 dollars. The goal post keeps changing. Whatever Obama does – he will certainly kill the economy.
I almost had to laugh when he said he would keep our military strong. Hmmm – then what about this comment
I will cut investments in unproven missile defense systems. I will not weaponize space. I will slow our development of future combat systems. And I will institute an independent "Defense Priorities Board" to ensure that the Quadrennial Defense Review is not used to justify unnecessary spending. Third, I will set a goal of a world without nuclear weapons. To seek that goal, I will not develop new nuclear weapons; I will seek a global ban on the production of fissile material; and I will negotiate with Russia to take our ICBMs off hair-trigger alert, and to achieve deep cuts in our nuclear arsenals.
Barack Obama's naiveté is astounding. Reagan ended the cold war by building our nuclear arsenal and bankrupting the Soviet Union. You cannot uninvent what has already been invented. Our enemies are laughing at us, and they are hoping for an Obama victory.
Barack Obama does not even hide his socialistic views, and the country seems to falling for it. It is the Democrats who said that Bush was tearing the constitution apart. Well, socialism is so anathema to the constitution and a free market that it is astounding people cannot see through it. Their hatred towards Bush is so great; they don't seem to care that the views of Obama will virtually wreck this economy.
I have a liberal friend who tells me that I only hear what I want to hear about Obama's socialism and that he is really not saying that. Oh yeah, some people really have their head in the sand. The following are just the few instances I can think of at the moment.
- In Barack's memoir, "Dreams of my father" he talks about how he attended the socialist conferences at Cooper Union at Harvard.
- At a North Carolina Rally, Barack Obama said this, "We've got to make sure that people who have more money help the people who have less money. If you had a whole pizza, and your friend had no pizza, would you give him a slice."
- We all know the infamous comment made to Joe the Plumber, "I just want to make sure that everybody that is behind you, that they have a chance for success too. I think when you spread the wealth around, it's good for everybody."
Of course instead of attacking the luminous words of Barack Obama, the liberal media went for the juggler of Joe the Plumber. That is how Obama is going to represent the middle class.
- In an audio just released, Obama speaks of the Warren court, the most liberal court we have had, and how it never focused on the redistribution of wealth. Why there is still some controversy on what he meant in the audio, taken with his other comments, we can extrapolate that he was talking about the redistribution of wealth in a radical sense.
- In an Interview with Bill O'Reilly, Sept 08, 2008 Obama said the following, "If I am sitting pretty and you have got a waitress who is making minimum wages plus tips and I can afford it and she can't, what is the big deal for me to say I am going to pay a little more that is neighborliness."
In Obama's socialistic mindset, he wants to rid the world of poverty by giving 25 billion dollars a year to impoverished nations – another idea doomed to failure. Warlords are frothing at the mouth awaiting Obama's handout.
During times of crisis, socialism seems to be the utopian answer that would once and for all rid us of the ills of the world. Everyone would be equal. There will be no poverty. People everywhere will live in harmony and sing Kumbaya. It is this "Kumbaya" world where Obama wants to take us. The only place this type of world will exist is in heaven. In Matthew 26:11, Jesus said, "For you always have the poor with you; but you do not always have Me." This is an unmitigated fact. Poverty will always exist. There has been not one country where socialism has worked. Countries that have tried socialism have all failed.
The more socialistic a country becomes, the less that country can function. Socialism impedes growth. Socialism impedes the free market system. Socialism impedes the very innovation that creates a free market system and capitalism. It destroys the creative process. Barack Obama from his youth has believed that socialism is the answer. He ignores history. He ignores economics. This man is such a danger to this country that by the time we wake up, I wonder If it will be too late. It's in God's hands now.
One final note: Obama is now instructing his disciples to take November the 4th off to help give him the presidency. How is that for arrogance! I predict that if Barack Obama becomes president, he will be the most arrogant president since the Roosevelt administration.