I have grown really tired of the dishonesty not only coming from Obama, but also coming from the sycophantic media. He, and they, continue to perpetuate false hoods on a daily basis. Let’s take for instance the petulant need of Obama to constantly blame the bad economy on Bush’s policies. Well if we were honest about this issue, we would be blaming Congress, Democrats and Republicans alike, who used Fed money to incentivize banks to ignore their standard lending procedures, and give mortgages to people who would not normally qualify. This practice encouraged other sets of risky financial products, including the bundling of said securities and selling them off on the secondary market, which in turn created the derivatives debacle, and the risks continued to multiply. These sell off’s on behalf of the banks were designed to get those risky securities off of their books and on to someone else’s, and were certainly not a result of any of Bush’s policies. In fact, had Congress heeded the numerous warnings of Bush, we may not have found ourselves in this situation, however they did not, and representatives Frank and Waters applauded the efforts of the GSE’s as late as 2006, saying that there “was no problem with Fannie and Freddie”.
Another completely dishonest message Obama is trying to sell is that Bush deregulated the financial markets, which in fact he did not. Bush did not sign one piece of legislation deregulating the financial industry during his 8 years in office, not one. The last two pieces of legislation that lowered regulations on the financial sector were signed by Bill Clinton in 1999, and in fact as late as 2008, Clinton was defending that legislation, so again, blaming Bush for deregulation is not only wrong, it’s a lie and Obama and the media know it.
How can we ever get to the point of having an adult conversation on finding real and lasting solutions to our problems, if we are not honest about the origins? Here’s another one. Contrary to what Obama wants you to believe, this recession is not the worst recession since the great depression, not even close. In 1980 there was double digit inflation, double digit interest rates, and double digit unemployment, yet Reagan had it turned around by 1984 as a result of lowering tax burdens, lowering regulations and getting government out of the way. Obama has done the exact opposite – increasing regulations, increasing ancillary taxes, increasing the cost of living, and essentially injecting government in nearly every aspect of our life. The recent composite of the Life of Julia pretty much sums up what Obama believes – that many people are incapable of making it on their own without government help and this is a notion we need to move away from, by moving the Obama’s out of the White House on January 20, 2013.