We're all fortunate that "the Messiah" is a miracle worker since otherwise he would be mendacious. He will lower taxes for 95%, when only some 70% now pay taxes, and if Obama's programs are implements only some 43% would pay taxes.
This has been Obama's game plan form the get-go, redistribution of assets, take from the taxpayer and give the assets to others. Confiscatory taxation is a disincentive for many people, and creates avoidance strategies for others.
A critical core of Obama's constituency are indigents. As a "community organizer," he was a practitioner of Alinsky tactics for obtaining moneys by threatening disruption of the society. As a government official, he'll be able to use the power of the federal government to obtain money from those who work for a living, and transfer that wealth to those whose productivity is lacking.
This redistribution scheme concocted in regard to housing had dire consequences leading to a breakdown of the financial markets. The critical factor was the activity of Fannie Mae and Freddy Mac in packaging loans and making them available for trade on the open market. By the way, Fannie and Freddy were run by Democrats, and as I recall the heads of the organizations were black men - working for "social justice" - and not "discriminating" in packaging good and bad mortgages.
Then the sharpie predators led by Paulsen, who profiteered trading instruments created in furtherance of the insane social engineering policies, sought to bail themselves out. Paulsen, the Secretary of the Treasury, former CEO of Goldman-Sachs, selected his protege, 35 year old former Goldman-Sachs VP, Neel Kashkari, who joined Paulsen at Treasury, to manage the $700 billion bailout. These folks have no compunctions regarding misuse of money as any intelligent knowledgeable person was aware that the security for the mortgage packages which they hawked were "junk," and that fact was undisclosed to buyers with whom they may have had a fiduciary relationship. These financial market folks are both intelligent and knowledgeable, and also unscrupulous, and the Congress has bailed them out.
The Congress was stampeded to pass the bailout and earmarked pork package, which did not work to resolve and of the key problems affecting the economy. The Congress was late to address the problem created by lack of commercial paper liquidity which is not meaningfully affected by the $700 billion bailout. That problem was liquidity in the market that provides loans for businesses to provide for operating expenses, and consumer loans to enable produc ts to be purchased. Now that problem is being addressed after the economy has been further depleted by the phony scam perpetrated against the will of the American people.
The people in power are the culprits, both left and right, who have exploited the working people of this country, the prudent, provident, and productive, so as to service their ideology of providing for the poor and minorities whatever the harm inflicted on others, and to provide for self-enrichment. The motivations may vary, but the exploitation continues whatever the pretext. You will note that a bunch of lefties have managed to also enrich themselves in the course of the Fannie and Freddie fiasco including the eminence gris behind Attorney-General Reno during the Clinton administration, Jamie Gorelick.
directorblue.blogspot.com "In 1999 Fannie Mae announced that it would purchase $10B in CRA loans. In 2001 they reached that target as Ms. Gorelick announced that they would roll these into special security issues ...
"Yep, you guessed it. Gorelick also had a direct hand in the mortgage securitization debacle." justbarkingmad.com
