Posted by
OldRelayer on Wednesday, February 18, 2009 3:15:24 PM
Obama today talked about his plan for the mortgage crisis, the next move in his ploy to take over every aspect of your life, while looking you in the face and lying. Reminds me of a Queen song from their first album, you may not have heard it unless you have the album or listened to alternative radio in the mid 70's. It was a Queen version of a shout and response. The lead singer (Freddy Mercury) would make some statement and the chorus would come back with a resounding "L I A R". Which is just the way I feel everytime I hear Obama speak, he makes a statement and in my mind I hear the full chorus "L I A R".
I can't even get my mind around parts of his convuluted plan. If I understand it. It would allow people that should have never bought a home to keep it and we will pick up the bill. He is going to pressure banks(which he now owns due to bail out) to refinance the balance of home that have lost value due to the housing crisis. We all took a hit on Real Estate to name only one aspect of where we lost. I think most of us are not thinking that the government should cause every citizen not to loose because of either circumstance or stupidity. The first category is a beauty. We now have to pay for home for people that couldn't afford them by the government that forced banks to take these mortgages, can't wait to see the ways that government is going to improve our lives with no actually money of our own.
All of this won't be funded for long by foriegn investors in our treasury bills. They will have to power up the printing presses and cause the worst inflation this country has ever seen. Yes folks there are things worse than depression, that is hyper-inflation. You all know what that means, especially if you lived through the late 70's. Job or no job you can no longer afford things, even the necessity items become hard to buy because the money is monopoly money and worthless.