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Obama’s Coils Tighten As The Republic Gasps For Breath
Posted By John L. Work On March 24, 2010 @ 11:10 am In NewsReal Blog | No Comments
It’s pathetic. The nation is strangling in the coils of the political Left. With the Constitution in the dumpster, all the suffocating conservative wing can do now is to gasp for breath and flail its arms about. Do not think for a moment that President Obama’s Left-handed signature on the federal seizure of our health care industry is the last move this gang will make to end free enterprise, bring this nation to its knees – and kick it in the face while it is down. That’s the object of the game, folks. They are just getting started with knocking our teeth out and squeezing us until our ribs are broken.
Want an example of the pathos? Back at the ranch, the wheezing sounds from the Right continue – to re-privatize Fannie-Mae and Freddie-Mac. You remember good old Fannie and Freddie– the two mortgage insurance giants that were seized by the federal government in order to save our economy from ruin way back in the day? It seems like such a long time ago. Today’s L.A. Times reports that Texas Representative Jeb Henserling (R) want to put that big wad of toothpaste back into the tube. At this stage of the game the very idea is laughable. Good luck getting that done, Jeb. Remember what happened last Sunday – you don’t have the votes. The Times story can be read here:
“Reporting from Washington – It is the forgotten bailout: $125.9 billion spent by taxpayers so far to rescue housing giants Fannie Mae and Freddie Mac — nearly twice what’s been pumped into American International Group Inc. — and with no end in sight.
But in a hearing Tuesday, lawmakers will start pressing the Obama administration for an exit strategy as the government faces an unlimited commitment for the next three years to the housing finance agencies, which are almost single-handedly keeping the fragile real estate market afloat.
“It’s clear that Fannie and Freddie, as they currently exist, should be put out of existence, which means the important question is what combination of entities public and private will replace them,” said Rep. Barney Frank (D-Mass.), chairman of the House Financial Services Committee.
He has called Treasury Secretary Timothy F. Geithner to testify at the hearing before his committee about how to do that…”
That makes me feel a whole lot better. Geithner’s on the job again. I was getting worried there for a second.
“…But with a full legislative agenda and concerns about a struggling housing recovery, the Obama administration is not eager to get started on the difficult and complex task of remaking, or replacing, Fannie and Freddie. The companies, seized by the government during the credit crisis in 2008, hold or guarantee a total of about $5 trillion in mortgages…”
Of course Obama’s not too eager to give up that which has been stolen from private enterprise. Try taking the rabbit out of the python’s mouth. How stupid would that be? It’s all about collectivization – of everything.
Remember the TARP that was going to save us, with the great and brilliant Hank Paulson on his knees in front of Nancy Pelosi? Ah, me. And let’s not forget the strong-arm robberies of General Motors, Chrysler Corporation, and AIG. So, gasp on, Right-wing. That’s about all you can do for now, until the American electorate decides whether you are going to be allowed to breathe freely again, or you are just a bunch of bitter obstructionists intent on making things difficult for the greatest President in the history of the Third World (thanks to Diana West).
How soon is it until November? Damn, it’s going to be a long, long Summer.
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