Wednesday, February 18, 2009

I Know, I Know...

I said I'd stop blabbering about politics for a while, but this shit keeps piling up and I have to comment on it.

One day, one freaking day, after President Obama signed the $787 Billion Spending Bill (Democrats call it Stimulus) our heaven sent Commander-In-Chief wants to spend more. Much like in every new policy our glorious leader has unveiled, he sells the sizzle not the steak. Well the $75 billion Homeowner Stability Initiative isn't steak. Yup, you've guessed it, it's pork.

This money is intended for homeowners who took out loans owned or guaranteed by Fannie Mae or Freddie Mac to refinance through these lenders. So all the money that Freddie & Fanny got went where?

Headlining Obama's plan is a $75 billion Homeowner Stability Initiative, which would provide a set of incentives to mortgage lenders in an effort to convince them to help up to 4 million borrowers on the verge of foreclosure. The goal: cut monthly mortgage payments to sustainable levels, defined as no more than 31 percent of a homeowners income. Funding would come from the $700 billion financial industry bailout passed by Congress last fall.

Oh, this is just part of the original $700 Billion then. Or is it? Fortunately for America, the Obama Administration (not yet 1 month old) has shown great accountability with tax money...granted you have to overlook:

Nancy Killefer had to bow out because she didn't pay taxes

Tom Daschle had to bow out because he didn't pay taxes

Bill Richardson paid his taxes, but the money he paid them with was concerned the New Mexico State's Grand Jury...so he bowed out.

Who stayed in? The Tim Geithner who is in charge of accountability, the Nation's Money, and he DIDN'T PAY HIS TAXES!!!

Those who lived beyond their means are being rewarding with a bailout instead of dealing with the consequences. Way to go Mr. President!

Spend, Spend, Spend and Buy anything you want because you won't have to pay for it...The Government will bail you out.

Change? You bet. That you can believe in? No one in their RIGHT mind believes in this.

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