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Left And Right Politics

…plus the cream in the center.

Democratic Black Caucus Blames The Tea Party

Posted by Billy On August - 25 - 2011

Almost three years after Barack Obama took office, unemployment is higher than it was then. Obama stated in Febuary 2009 that Congress needed to pass the stimulus to prevent the unemployment rate going above 8%. Well thirty months later, the rate is at 9.1% after coming down off the high of 10.2%. To make matters worse, the democratic black caucus has blatantly blamed the TEA Party for the cause of the situation.

Jesse Jackson, Maxine Waters and other members of the causus were in Miami Florida this week to rally the troops to put the blame of the economy and other issues on the TEA Party. Earlier this month Maxine Waters said publicly that the TEA Party should go straight to hell. Her comments on Tuesday included her saying, “We have to stand up and fight. It’s fight time…We’re not afraid of the tea party…In this struggle, we have to define who we are, what the president is doing and not let our voices be overshadowed by the tea party.”

Even the State Representative Frederica Wilson (Miami Gardens) has stated that the grassroot movement is “The tea party holds Congress hostage…They have one goal in mind, and that’s to make President Obama a one-term president.”

Ms. Wilson is correct on half of that statement. The part where the TEA Party is trying (along with many Americans) to make sure Obama doesn’t get re-elected.

Jesse Jackson took the stage of the 10 member panel to stoke the fire of the audience. He asked the members to stand if they had a family member in jail, credit card debt as well as a home in foreclosure, a majority of the audience stood up. When asked who voted for Obama, nearly the entire room stood at that point. Mr. Jackson continued to fire up the crowd by his comments of Dr. Martin Luther King. The tea party opposing Obama, Jackson said, should be called the “Fort Sumter Tea Party that sought to maintain states’ rights and slavery.” he continued, “The tea party is a new name on an old game,” he said. “Dr. King fought a ‘tea party’ in Alabama…He had no weapons, but he confronted the tea party.”

This is where I take offense. Dr King was for human rights no matter what the color of the person’s skin is. He fought against racism and inequality towards all people. Dr King didn’t fight against government destruction of the economy or even the government itself. So why would Jackson even use Dr. King is his speech? To insight emotions. The democrats (republicans too) have always used emotions to get the people engaged in taking action. Emotions are what also create the TEA Party too. People being tired of the government not caring about the American person. That is what the TEA party is about, not racism and slavery. The Democrats have been using those two words to describe the group since it first started. They also claim that the group is filled with “terrorists” and “right-wing extremists.

We will never move forward in becoming a single unit of people when influential people like Jackson, Waters and others keep separating us by race, color or sexual orientation. We have to come together as Americans, nothing more and nothing less, if we want to move forward.

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Fannie And Freddie Are Looking For More Handouts

Posted by Billy On August - 10 - 2011

That’s right the government sponsored mortgage entities are looking to borrow more money from the tax payers of America. Only hours after being downgraded by standard and Poors on Monday, Fannie Mae and Freddie Mac announced that they would need to ask for a $1.5 billion injection to help balance their books. I am not surprised at the fact that these two businesses (I use that word loosely) can not pay their obligations to the debt holders, the American tax payer. To add insult to injury, they want to take more from the same people who have been keeping them afloat for the last three years.

Both of these companies have been poorly run and not regulated properly for the past 10-15 years. It’s only in the last three years that all the dirt is being revealed. Barney Frank and Chris Dodd started the ball rolling in 1995 drafting a bill, The Fair Housing Act, later signed by president Clinton. The bill was meant to help lower income families to get a mortgage to buy a home. Unfortunately, the politics of Washington strong-armed the mortgage industry into approving just about anyone who wanted a mortgage, even if they couldn’t even afford the down payment and/or the monthly payments. Of course many of the issues didn’t really kick into high gear until years later when more and more people started to realize how easy it was to get a home without any money down and with low interest rates (for the first 2-3 years). Adjustable rate mortgages (ARM) started to pop-up throughout the United States. All of these factors added to the entire housing market collapse as well as the financial situation with both Fannie and Freddie.

In the last three years, Fannie Mae and Freddie Mac have received over $170 billion and they are no where near getting their heads above water. There is so much leverage within the financial/housing market that it will takes years to correct. Because of that reason, the federal government can not just close the doors on Fannie and Freddie. It would cause major declines in the housing market throughout the country as well as causing the interest rates to skyrocket out of control.

Plans have to be made to start transferring the assets of these two government subsidized programs to the private sector. It’s not something that can be done immediately, it will take 5-7 years to do so, but the idea is to start now so in a few short years America’s housing market will be stable again and more in line to how the mortgage industry needs to be operated.

With private companies running the show, stricter rules will be in place to manage the mortgages as the qualification to getting one. Owning a home should be looked at as a benchmark of a person/family’s success, not as a right to own one because you exist. When the federal government is involved, it becomes more of a political tool to help get a candidate or a particular party into office. Washington has never operated as a business and I doubt they would know how to in the first place.

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President Obama Is Not A Leader

Posted by Billy On August - 8 - 2011

That’s right, President Obama is the furthest thing from being a leader. He has shown the American people that he is not leading us out of this recession as he’s been telling us for the last two years when his administration made claims of the recession ending June 2009. To make matters worse, Obama is even down-playing the whole entire Standard and Poors downgrade.

Last Friday, August 5, 2011, Standard and Poors downgraded the United States credit rating to a “AA+” with a negative outlook. The reason for the outlook assumption is the fact that Washington along with Obama have lead this country into a complete and total spending frenzy and when it came time to handle the debt ceiling issue, Congress and the president acted like a bunch of school kids fighting over issues that really didn’t do anything for the deficit. This wording by politicians for planning “cuts” is a joke. In essence what they want to do is to cut spending on future projects, which is fiscally wrong since it does nothing for the spending that is already going on.

Obama finally gave a press speech today (two days after the S&P report), in regards to the downgrade by S&P. His entire speech was nothing but another campaign style speech where he was vague and not direct with a response to the situation. He first wants to make a foolish comment about Warren Buffet and how America will always be a “AAA” rated country. His approach to the issue seems to be more relaxed and carefree to what needs to be done. He didn’t mention anything about his failed policies or the fact that his plans have been nothing but a way to spend tax payer’s money.

Standard and Poors stated it clearly that if the United States doesn’t get a grip on the spending habits and reduce the deficit by a considerable amount, they see themselves (S&P) downgrading the U.S. again within the next two years.
So what does Obama say in his first speech since the downgrade? He talks about future cuts and tax reform and Medicare reform. His comment alone about raising taxes on those who should “pay their fair share”, shows this man has no clue on how to run a lemonade stand, let alone the leading country in the free world. His next comment spoke about reducing taxes for “those that need it” to help stimulate the economy. Real economic stimulation comes from the free market and job growth. Without it, we will slowing diminish into a second rate country.

This country will never get back it’s AAA rating as long as we have politicians in Washington that clearly don’t know how to make a business run efficiently and profitably. As it is, Obama was asked to remove Timothy Geithner as the Secretary of the Treasury and instead, Obama begged Geithner to stay on his administration. How can you be so blind to see that the Treasury Secretary doesn’t have a clue as to what’s happening. He used to be on the board of the New York Federal Reserve and supposedly knows all about ratings and how Wall Street works. In April, Geithner stated that a downgrade is not in America’s future and that the country will retain it’s AAA rating from all three rating agencies. So where is the man’s knowledge and talent when this country needs the right man in the Treasury? Obama doesn’t know what to do, Geithner doesn’t know what to do and the people that Obama has put in his administration don’t have a clue either. If I didn’t know any better, I would think that this is the objective of president Obama to destroy the United States as this world has known it and transform it into something of his own choice. Oh wait, isn’t that what he said he was going to do when he was on the campaign trail? Then again, from listening to his speeches, I don’t think he ever got off the campaign trail in the first place.

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Free Phones From The Federal Government?

Posted by Billy On August - 4 - 2011

In the current state of this economy, The federal government has decided to give people, who are already on some sort of entitlement program, a free cell phone and 250 minutes each month. For those of us who pay for our own cell phone and would like to know where the funding for this program is coming from, you’re paying for it, that’s who.

That’s right, you are. If you’re like me, you’re the type that looks at the bill each month to be fully aware of what I’m being charged for. On our monthly bill, there is a charge from the federal government. For each cell phone provider, it’s written different. My company lists it under government fees and taxes. An extra 3% is added to my bill each month. These charges help pay for these free phones. The programs, Assurance Wireless and SafeLink Wireless, are federal government programs to provide free phones to the lower income families.

So how do you qualify for this program? If you are already on some sort of entitlement program, you pretty much qualify. Depending on what state you live in will decide the details of the program.
In the state I live in, Florida, here’s the basics to qualifying:

If you’re on any one (or a combination) of these programs, you qualify.
. Medicaid
. Food Stamps/SNAP
. Supplemental Security Income (SSI)
. Temporary Cash Assistance

. Bureau of Indian Affairs Programs (BIA)
. Federal Public Housing Assistance (FPHA) or Section 8
. Low Income Home Energy Assistance Program (LIHEAP)
. National School Lunch Program’s Free Lunch Program

The way we read it, this Safelink Wireless program gives you a free cell phone, free monthly service, and free minutes. You qualify even if you make 35% more than the designated “poverty” level or if you’re already getting additional freebies from the government. And we see nothing that indicates you have to be a legal resident of the United States to qualify.

How much more is it going to continue? As it is right now, $1 trillion of the national budget is slated for low-income assistance. I understand that there are people who are in dire straits because of the current (and for some time to come) economic situation, but this is going a little too far now. As we’ve seen in the last week, our country is already having difficulties paying for the programs it has in place. The federal government has gone too far over the last twenty years and if we don’t stop it, it will get worse.

As it is, many Americans are starting to think that the government owes them something just for the simple fact of existing. Why is that? Because the federal government has given the American people that feeling that it’s what they are there for. The federal government has made it where many people have no idea of what the federal government authorities actually are. Americans no longer seem to care about what the government does as long as they’re getting something for free.

These types of programs do nothing but weaken the country as a whole and damages the natural flow of the free market. When will people realize that once the government gets involved with any industry and starts to subsidize any part of it, the products that come out of the industry has gone up for their customers. Doing this is going to do nothing but push the price of service up even more. Each phone that is connected, the phone provider is paid $10 per customer. My own bill’s basic service is $49.95 a month. So how is the company making money off of the program? They charge the individual customer $49.95 for basic service along with the government fees and federal universal charges to make up for the lost.

Until we as Americans stand up to the politicians and their way of doing business, we will continue to deal with programs like this one. Like the old saying goes…”Nothing is forever except for government programs.
These are the things that need to be cut in the budget, I know damn well the Social security and Medicare are just scare tactic tools that politicians use to confuse most Americans.

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