I’m going to keep saying this so that I remember; “Obama is my President.” It’s important to remember we are called to be good citizens.
But that doesn’t mean we check our beliefs and feelings at the door and blindly follow our new Dear Leader. In one week –
He reestablished federal funding for overseas abortions. Why in the heck are we paying for that, anyway? Are we trying to control the population of future enemies? Is our top priority in economic uncertainty to abort unborn children of foreigners?
He reestablished embryonic stem cell research. Might as well start planning ahead for harvesting fetuses if we need unborn children for medical purposes.
He stopped military tribunals in Guantanamo and ordered the facility closed in a year. Nobody knows what to do with the 250+ terrorists held there. Send them to other countries? They end up back on the battlefield. Bring them to US soil? A writ of “habeas corpus” will have them released as they have not been charged with violating US criminal law.
He’s urging nearly a trillion dollars of spending to stimulate the economy. Who gets this money? Some of it goes to taxpayers. Where did they get this money? Er, taxpayers. And there are some hideous things in the bill, like spending on contraceptives, polishing tombstones, educating Americans about the benefits of government-sponsored healthcare. How in the heck will that stimulate the economy?
Obama’s bipartisan approach so far seems to consist of, “I won.”
Go help us all.
Because they gave away billions… no wait, over a trillion dollars of taxpayer’s money…
… because in order to approve %750 billion of it, they had to add $150 billion in pork…
… because they pressured banks to lend money to people to buy houses they couldn’t afford…
… because the same people like Barney Frank who helped cause this mess are now charged with trying to fix it so that they can cover up their mistakes…
… because all this inflated the dollar against other countries…
… because all this ruptured the economy to that our 401(k)s are now worth only 101(k)…
… because our national debt has so many digits now, the numbers no longer fit on the national debt clock…
… because a single individual can perpetrate a %50 billion ponzi scheme under the nose of the SEC…
… because they have a 9% approval rating because they focused instead on congressional hearings about steroid use in baseball …
… Congress decided to give themselves a raise. Job well done, guys. You totally defined “hubris” in a grand way.
As we all know by now, Congress failed to pass the Bailout Bill on Monday for $700 billion (a number, apparently, the US Treasury just made up). If they pass it, they saddle taxpayers with the debt and socialize the banking system. If they don’t pass it, they tell us civilization will end as we know it and we enter the Next Great Depression.
Are those the only two options? Great Depression versus Socialism?
So what was wrong with version of the bailout that didn’t pass? Tonight, Congress will attempt to pass a revised version, so let’s see what they added (via)-
New Tax earmarks in Bailout bill
– Film and Television Productions (Sec. 502)
– Wooden Arrows designed for use by children (Sec. 503)
– 6 page package of earmarks for litigants in the 1989 Exxon Valdez incident, Alaska (Sec. 504)
Tax earmark â€œextendersâ€ in the bailout bill.
– Virgin Island and Puerto Rican Rum (Section 308)
– American Samoa (Sec. 309)
– Mine Rescue Teams (Sec. 310)
– Mine Safety Equipment (Sec. 311)
– Domestic Production Activities in Puerto Rico (Sec. 312)
– Indian Tribes (Sec. 314, 315)
– Railroads (Sec. 316)
– Auto Racing Tracks (317)
– District of Columbia (Sec. 322)
– Wool Research (Sec. 325)
Ah. Obviously, Socialized Banking will be much more palatable if we buy more Puerto Rican rum. American Samoans and Indian Tribes who will be receiving earmarks will be happy to know that Puerto Rican rum will be cheaper. And Nascar, while they didn’t get beer subsidies, got some help with auto racing tracks.
I think, though, we can all breathe a sigh of relief that there are now earmarks for wooden arrows designed for use by children. I assume that the children from Indian tribes will be provided with wooden arrows and Puerto Rican rum, then told to drive around a race track and shoot each other while drunk. There’s money in there, too, for Film and Television to make it into a movie.
That alone justifies eliminating capitalism and socializing the western banking world. The bill should pass now.