As we move further into the Obama Administration we have to wonder where that brilliant plan is we were told about during the last presidential campaign back in 2008. For every issue we were told the Democrats would do it “smarter and better.” Here we are four years later and we have yet to see either “smarter” or “better.” In fact, what we have is “lost” and “no clue.”
Most of us Conservatives knew there was no such plan. It was all a marketing strategy.
One of the best jokes to come out of the Obama Administration and his alliance with the Democrats in Congress has been that they should be the ones to fix the banking industry. I suppose the theory there is that if they broke it they should know how to put back together. I have a mental image of Barney Frank sitting on the floor covered in grease with a wrench in his hand, surrounded by car parts, explaining to us that the car will be back to better than new in just a little while – he knows what he’s doing. There’s a man who – literally – can’t fix a parking ticket without making a massive mess. Yet, we’re supposed to believe he knows what he’s doing to fix the banking industry.
The majority of Americans are beginning to understand it was the government and their dabbling in regulations and placing demands on lenders to give out loans to people who could not afford them that caused the collapse of the housing industry and the bankrupting of the banking system. Years of building in laws that were not only detrimental to the system but also downright contradictory caused confusion and placed burdens on the banks that were nearly impossible to navigate.
After the collapse, TARP and another series of MORE regulations to be sure it “never happens again,” we find a major problem exists in the U.S. Congress – they don’t know what they’re doing. We’ve always known that, but it’s becoming more blatant as we go along. More importantly, it’s no longer a secret. The whole world knows the American Congress has no idea what they are doing.
Our credit rating was downgraded because our Congress – the people who write the banking regulations – have no plan to do even the most rudimentary budgeting. Their plan is to borrow and spend without any kind of a plan. Average Americans, nor our businesses, would ever be allowed to follow that kind of practice if they were trying to get money from the bank. We would have to demonstrate responsibility with money and have a solid plan the bank believed in to get money. However, our Congress has decided to ignore the practices they want the rest of us to follow and go forward without a budget/business plan for… going on three years now… in spite of the fact that they are REQUIRED to have a budget in place.
As a result, we are heading toward another showdown in Congress that is going to force us into another one of these useless standoffs threatening to shut down the government unless another extension is put in place to allow the government to take more money from our kids and grandkids.
Congress MUST come up with a budget/business plan for going forward that restores fiscal sanity to this nation. It probably will not happen with the current tax-and-spend liberals in the Senate to block any moves that would protect us from them, but we have to push on and insist government listen. They need a plan just like businesses that rolls back the budget and repays our debt before we are so far down the road there is no hope for recovery.
As our Ruling Class continues to plunder our treasury and steal from our future to satisfy their needs for power, they are ruining our credit rating and making it impossible for future generations to run the country. Their lawless plundering MUST be brought to an abrupt halt.
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