Showing posts with label crisis. Show all posts
Showing posts with label crisis. Show all posts

Friday, September 26, 2008

Throw Lying Dems Out!

When they announced Harry Reid and Chris Dodd were going to hold a press conference, I turned to my wife and said, "I'm going to count the lies on my fingers while they speak".  I got to seven and turned the TV off.  I'm really angry.

I HATE CONGRESSIONAL DEMOCRATS!

They lie and lie and lie.  Now I found out they wanted 20% of any profits given to groups like ACORN!!  I hate that they have any say in this rescue plan.

Is there any way we can just flush Congress down the drain and start over with a special election?

Is there a lever on the side somewhere? 

In other words, term limits effective immediately.  It could be like college football where every year the seniors retire and a group of fresh faces and freshmen (women too!) come to Washington. 

Barring that, given that this is largely a Democrat mess, any Rescue Plan must eliminate the bad acts that caused the crisis and hold accountable those culpable:

  1. No money for ACORN
  2. Five year phase out of all the substandard lending that got us in this mess - all CRA, Fannie Mae & Freddie Mac loans.
  3. Require Joint House & Senate hearings to document the role of those responsible for pushing substandard loans (Barney Frank, Bill Clinton, Chris Dodd, Franklin Raines, Bob Rubin, etc..)
  4. Require Joint investigations into the vast amounts of money given to leading Democrats (Dodd, Obama are #1 and #2 recipients) and the probable quid pro quo for increased GSE substandard loans for their contributors. 
  5. Term limits, effective immediately - the President is limited to two terms - limit Senators to two terms (12 years) and Representatives to four terms (8 years). 

Unless you take concrete steps to stop these problems, why should voters believe the rescue plan will work?

I will not play the moral equivalence game by throwing up my hands and saying - they're all corrupt!  They're not.  Yes, I know McCain and other Republicans took some money from GSEs but they clearly did not push legislation on their behalf - All Republicans supported Bush's efforts to reform these institutions back in 2005 - all Democrats were opposed.

If you blame everybody, you really let the worst offenders off the hook. 

Without Clinton and the Democrats pushing these loans in the 1990s, substandard loans would have never increased five fold, from $200 billion to over $1 trillion, and brought our financial markets to their knees. 

Throw the bums out!

Time to Lead

In a crisis of this magnitude, this close to the transfer of power from one president to another, the two Presidential candidates should work with the current President TO SOLVE THE CRISIS!

Either the McCain or Obama Presidency will be more impacted by this rescue plan than the Bush Presidency.

Thus, McCain & Obama should be there, in person. to work hard to reach consensus and emerge united with a solution to show the country, and the world, Republicans and Democrats agree on the way forward.

It’s stunning, and expected, that Obama does not want to drop everything else and work this issue, in our nation’s capital.  Most of his time in office has been spent campaigning for higher office instead of governing (fact - look it up).  In other words…

Obama places a higher priority on winning elections than producing results.

If Obama’s kids had a crisis, would he multi-task, keep campaigning and call his daughters to let them know they can call him back if needed?  If a bus of kids had a terrible accident in front of him, would he back away and promise to keep in touch with the paramedics?

Of course, Presidents should be able to multi-task - both McCain and Obama can do that.  If the worst crisis since the Depression occurs, they should be able to delegate everything else and focus themselves, and the nation, on solving the crisis - McCain’s solid.

Obama…not so much.

They can debate foreign policy in a couple weeks, the nation needs a solution to the credit crisis now.

Obama is telling us a lot about what kind of leader he is and will be.

I’m not impressed.