Rejecting the Arrogance

In this morning’s Washington Post, Obama wrote that the Stimulus Package (which is horrendously misleading as there is far more liberal pet socialist programs than stimulus in the package) must be passed immediately or puppies will die. No time to read it, just sign it.

But then he includes this phrase –

“I reject these theories, and so did the American people when they went to the polls in November and voted resoundingly for change,” he wrote.

I heard him say something similar last week when he refused to implement any conservative suggestions into the negotiations, adding it was because “he won.”

I heard it last night as a significant step toward Marxism was implemented when Obama signed the SCIHP program. Congress is lying about it’s implementation. They raised taxes for the first time in this adminstration by adding 62 cents to a pack of cigarettes, they claim this will fund the socialized medicine program, when in reality they need an additional 24 million smokers to fund it. And then Obama added that the people voted for it because they voted for him.

This is arrogance, and I’m already tired of it. Yes, Obama is my President, but I didn’t vote for that. Nor did the vast majority of Americans request a move to Marxism. Obama promised change, and Americans were tired of Congress lying. Every year they promise to hold back spending and then they spend it like drunken sailors. Obama is doing the exact same thing and there is absolutely no change. Same old same old.

I reject the arrogance. If you want to be bipartisan, Mr. President, show that you have an inkling of understanding for the conservative view point instead of shoving an “I won” down our throats.

May the so-called “Stimulus Package” go down in flames. Defeat is necessary in order to save our country.

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Mortgage Meltdown

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I had been thinking this, but hadn’t seen anybody writing about it.

Sub-prime mortgages have led to a financial crisis. The blame for sub-prime mortgages generally get laid on the greed of the mortgage bankers, but is that all there is to it?

Twenty years ago I remember the push to get banks and lending into low-income minority neighborhoods. There was a push at the time to make mortgages easier for those who could least afford them because it was good for the neighborhood.

Stan Liebowitz’s book, Housing America: Building out of a Crisis, puts the blame back on the federal government. I agree – without the government pushing banks to lend to risky people, there would have been less risk. Simple, no?

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Update from A Mortgage Fable

– The Community Reinvestment Act. This 1977 law compels banks to make loans to poor borrowers who often cannot repay them. Banks that failed to make enough of these loans were often held hostage by activists when they next sought some regulatory approval.

Robert Litan, an economist at the Brookings Institution, told the Washington Post this year that banks “had to show they were making a conscious effort to make loans to subprime borrowers.” The much-maligned Phil Gramm fought to limit these CRA requirements in the 1990s, albeit to little effect and much political jeering.

Democrats Still Stunned

The Democrats have that “deer in the headlights” look. The Whitehouse has started publishing “corrections” to the Washington Post and New York Times when they say Bush led us like a lone cowboy into war. Then that awesome video of Clinton, Albright and others in their own words from 1998 saying that Saddam was a threat, had WMDs, and had to be removed. Hard to claim it was all Bush’s idea when the Democrats were saying the same thing two years earlier. They just didn’t have the oomph to follow up their words. Bush did.

Cheney gave them another punch yesterday:

The President and I cannot prevent certain politicians from losing their memory, or their backbone – but we’re not going to sit by and let them rewrite history.

We’re going to continue throwing their own words back at them. And far more important, we’re going to continue sending a consistent message to the men and women who are fighting the war on terror in Iraq, Afghanistan, and many other fronts.

About dang time. The Democrats voted for the war. That’s the hypocracy I can’t stand – if they were so opposed, why did they vote for it? Second-guessing after the fact isn’t any better than whining. Lots of conservatives fired up over Cheney’s speech and you can read the whole thing at Baldilocks, Brutally Honest, PoliPundit, Power Line, and Right Voices.

So what’s the Dems new strategy? Why, think about filibustering Alito again. Goodness knows the American people love it when the Democrats shut down the Senate.