Mr. Obama recently sent a letter regarding his plan to reform the US Fiscal System. This is a response to his letter.
Mr. Obama, here is my message to you:
Stop crisis-mongering!
You do not understand the US financial system much less the US economy.
You are not competent or qualified to reform the US Fiscal System.
You do not even know what “the problem” is.
Government “bailouts”, “TARPs”, “stimulus packages”, and all the other creatively-renamed pork-barrel-spending expanded this recession.
Our weak economy, high Carter-level unemployment, and looming inflation is a result of the policies you voted for and signed into law.
Stop the Crisis-mongering.
In his letter Mr. Obama states in large bold text, “We cannot delay action any longer.” Such an emergency, yet he acknowledges earlier in the same letter its “been over a year” and this “near collapse” cost America “more than 8 million jobs”. Is there a reason Mr. Obama waited over one year after more than 8 million jobs were lost? Now he claims “businesses are starting to hire” and “neighbors who had given up looking are returning to the job market with new hope.” If things are improving, why the urgency? Does a crisis still exist?
Stop the Obama “Progress”.
Obama says, “We’ve made strides.” Yes, he has. Obama delivered “Hope and Change”. Obama Policies have passed through a partisan Democrat-party-controlled congress. Let’s look at Obama’s partisan strides. He lost over 8 million jobs. Unemployment still stands near 10% after Obama spent Trillions in “emergency” spending. Obama spent $787 billion on his “stimulus”, another $250 billion on the mortgage bailouts, and $450 billion for “jobs” followed by “cash for clunkers”. In less than 1 year he’s nearly quadrupled the deficit and added trillions to our national debt.
Obama spent trillions and yet he lost millions of jobs. We cannot afford any more Obama Progress.
Stop the Obama-Fixes.
Mr. Obama spent trillions of dollars to fix things. Certainly things are fixed. Obama says, “the flaws in our financial system that led to this crisis remain unresolved.” Of course they do because he voted to bailout many responsible for this fiscal irresponsibility. In the past when a business failed the free-market American fiscal system allowed them to go out of business. Mr. Obama prevented free markets from doing their job. Naturally people who lend a failing business money are not paid profits because there are losses. Just as bosses who made decisions that led to a business’s failure do not earn bonuses, because there is no money. They lost it. Enter Hope and Change, the Obama-Fix via his “stimulus”. The Obama Stimulus legislated large uber-bonuses be paid to the executives who bankrupted these companies. Certainly things are fixed. After giving hundreds of billions of our tax dollars to these corporations and legislating “stimulus” bonuses paid to the failed executives, Mr. Obama acknowledges that these “Wall Street titans still recklessly speculate with borrowed money.” Of course they do! They’ve not got Obama money! Obama gave them our money because they lost all of their corporations’ money.
Mr. Obama helped orchestrate and perpetuate the real crisis in our financial system. Now there is a new Obama-Fix the Democrats in congress are trying to pass. Senator Dodd just admitted this Obama-Fix won’t fix anything, it will not even attempt to address the numerous meltdowns with Freddie Mac and Fannie Mae. Obama Government prevented our financial system from operating freely. As Democrats tainted the free markets by flooding our financial markets with bad loans through the government regulated Freddie Mac and Fannie Mae, Obama promises more of the same. His solution, further government intervention, will worsen the problem just like his previous trillion dollar fixes.
We cannot afford any more Obama-Fixes.
Stop the Obama Accountability and Transparency.
Mr. Obama’s hope and change promised a new era of accountability and transparency. Mr. Obama tells us “consumer financial protections are currently spread across seven different government agencies.” He acknowledges 7 government agencies were supposed to protect us. Seven Obama agencies were transparently accountable to Hope and Change. They miserably failed us! The Obama solution? Create an 8th government agency!
Fool me once, shame on you.
Fool me twice, shame on me.
Fool me 7 times, government bureaucracy at its finest.
Fool me 8 times, I give you the boldness of Barack Obama and the audacity of hope.
We cannot afford any more Obama Accountability and Transparency.
Mr. Obama, stop!