We hear Washington politicians talk about handouts and bailouts, and then we hear about more handouts and bailouts. What are “we the people” supposed to do when we keep hearing that the most prosperous country in the world is in debt up to her eyeballs? California wants a bailout. Is it not the most prosperous state in America?
Just remember this, governments bail out no one, taxpayers do. That includes you, me, our children, and our children’s children. For the most part, you have no say in the decision-making. No one knows just how many companies will be giving your wallet a hit or how many trillions of dollars the fleecing will cost us.
No house, no problem. No money, no problem. No credit, no problem. No job, no problem. No speak English, no hay problema; here are the keys a tu casa. In California alone, five million bad mortgage loans were to illegal aliens. Thanks to government backed Freddie Mac and Fanny Mae your fanny may be in trouble as you are asked to pick up the tab. Let’s not forget that one executive at Fanny Mae, Franklin Raines, cooked the books, and then pocketed $90 million in bonus money over a six year period. Do you want to place odds on whether he ever gets jail time? Of course he won’t, OUR government approved these shenanigans.
To top off all this bad money news, one of the presidential candidates was recorded on video talking to a plumber in Ohio saying that he believed government should spread the wealth around. Following those bailouts, what wealth, I ask? Of course Obama was talking about taxing the rich in order to spread some of that wealth around to others. Taxing the rich, how old and tired is that approach during an election year? Count on it, increased taxes on the rich will increase the price of goods and services for the middle class. Just wait until the taxes come “to go green” to save the planet from mythical man-made global warming, and then take a look at your electric bill.
Who was it that said, “If somebody wants to build a coal power plant they can, it’s just that it will bankrupt them because they are going to be charged a huge sum for all that greenhouse gas that’s being emitted,” Oh yes, Barack Obama said that to the San Francisco Chronicle in January 2008.
At a campaign rally in Florida a lady, Peggy Joseph, had this to say about Obama, “I never thought this day would ever happen. I won’t have to worry about putting gas in my car. I won’t have to worry about paying my mortgage. You know. If I help him, he’s gonna help me.” No worries, huh Peggy?
Now that the elections are over and we have basically the same players in D.C., can we expect that more of your money and my money will go to people like Franklin Raines and Peggy Joseph? As per Obama’s campaign slogan, “Yes we can!”