Mr. Obama and the Blame Game
Mr. Obama Please stop your Cryin'!
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As I’ve written publicly before--I never, in the 52 years God has given me breath on this earth, EVER thought I’d live to see the day a President of the United States would not only blame a former President for his economic woes in public, but do so over and over and over! What a cry baby!I never thought I would live to see any President like Mr. Obama do HALF the things he’s doing and saying like actually publicly chastising U.S. citizens for disagreeing with him! But I digress…
Any well-read, informed person – and the emphasis is on the key word --INFORMED – knows this economy was inherited YES, but the VERY IDIOTS in power today are the ones responsible for the financial meltdown that we are experiencing today – November 14th, 2009! This is by no means to say the Bush administration had a perfect deficit-reducing administration – so do not get me wrong. I’m not a liberal – I don’t talk to my friends and then form my opinion – I read primary sources and then form my opinion. But the Democrats caused the domino effect that crashed the economy, and now the Obama administration and the Democrats are making it far, far worse! It’s beyond belief! YET – Mr. Obama and his Czars and other talking-heads still want to point fingers at Mr. Bush and say it’s his fault!
This business about “It’s Bush’s fault, it’s Bush’s fault, it’s Bush’s fault” is the mantra of the left and I am sick to DEATH of hearing it for one – BECAUSE IT’S NOT TRUE!!!!
I’m sitting here typing this and listening to Fox News Bulls and Bears and I’m hearing still another liberal spout that same LIE yet again! But the FACTS are – now listen up because this is the TRUTH ------- the Democrats are responsible for what caused our current economic misery – and it started with the “Housing Bubble.” Due to the fact that the Barney Franks of the world made the “affordable housing rules” which forced banks to give shady loans to people who probably wouldn’t be able to pay back (HELLO – foreclosure anyone?) and accept down payments of 5% or less from people who wouldn’t be able to pay it back as well!
When you give loans to people who can’t pay them back – you end up with a bunch of loans THAT DON’T GET PAID BACK! This literally had a domino effect! The Bush administration – in fact – tried to flag this reckless practice of Fannie and Freddie (now dirty names in my opinion), but the Dems ignored the warnings! ACORN (another really dirty name) along with other advocacy groups succeeded in getting Congress to mandate “innovative and flexible” lending practices such as higher debt ratios and creative definitions of income. Delinquency rates on Fannie and Freddie’s $1.5 trillion in high-risk loans was 10.3% as of Sept. 30, 2009.
It goes like this – my husband and I bought our first home in 2004. We were ELIGIBLE for a loan of $350,000 at the time – but we bought a house for way, way lower than that – by well over $100,000. Why? Because we knew that although my husband had a very stable job AT THE TIME – what if…came into the equation and we realized even if my husband lost his job, we could afford the house payment comfortably at the lower price! Did I get a house with granite counter-tops and top-grade commercial appliances? Nope! Did we get the “open floor-plan” that I dreamed of in homes that were in the $350,000 price-range in this area (at the time)? Nope. But you know what? We got a GREAT house and slowly, with cash, we’re fixing it up the way we want and we can sleep at night.
We’re no economic geniuses, but my husband said, “This is our budget” and when I had to come to Michigan (by myself) to find a home – I stuck to it and in fact we bought a home for a price a few thousand less than the budget top-line my husband gave me! We bought a home within our means!
I watched a program where a woman said, “But the loan was $275,000.” She was barely able to afford the house payments when she bought the home, then she lost her job and definitely couldn’t afford the house payments! It was her personal responsibility to KNOW this – but she was blaming the banks! That’s problem #2.
Problem #1 is that the banks were forced to give unstable and shaky loans BY DEMOCRATS!
Not her fault! Just like Mr. Obama – NOT MY FAULT! Are there any liberals that ever accept personal responsibility for anything???!
It’s the Democrat’s fault for creating a whole group of people of “entitlement” and for making laws that tempted these people into taking loans they could not afford. BUT – it’s the individual’s fault for buying a home outside of their means! The domino effect happened when the housing bubble collapsed and now Mr. Obama will NOT take responsibility for the fact it was his own party that put us here in the first place!
You’ll never hear this other than on talk-radio and Fox News though. It’ll always be “Bush’s fault” as Mr. Obama “inherited” a horrible economy. YES – a horrible economy that was CREATED BY PEOPLE LIKE BARNEY FRANK, ACORN AND MR. OBAMA!
It is sickening that Mr. Obama keeps blaming the Bush administration FOR ANYTHING! No other U.S. President in HISTORY ever has done this publicly no less repeatedly.
As I used to say to my kids, “Quit whining, quit blaming everyone else for YOUR mistakes and DO something about it!” Good advice Mr. Obama – but I’m not holding my breath in expectation that you’ll take it!