Posted by
rycK on Friday, September 19, 2008 9:04:03 AM
Lost Into the Mouth of the Pigs: Welfare, Great Society, Sanctuary Cities, and now Fanny Mae.
The world
economic community, certainly not homogeneous or equitable has certain infected
warts that plague the local hosts. Dealing with the ‘poor’ and others who
cannot or will not deal with our societies is a 7,000 year old project that has
not been successful in most cases. In the US we have selected to give out
money to the poor, criminals, losers, drug addicts and others for humanitarian
reasons. We are generous with health care, food stamps, education, drug rehab
and criminals in terms of treatment.
The basis
of the futility of the efforts is the nostrum equal outcomes. The general
difficulty in allocating wealth is that people are not equal and do not have
equal abilities to generate wealth and financial success on an equitable level
that would provide a minimal existence to those at the bottom of the inevitable
pyramid. Purely because we exist on this planet and have the cognitive skills
and business acumen, work ethic and other positive attributes we should share
part of our capitalist loot with the less fortunate. This is an ethical
position.
The
capitalists, obviously, drive the economic engines of this planet and they pay
huge taxes for this privilege. There are massive risks associated in forming and executing corporations in
that most corporations or businesses fail within 5 years. This statistic requires that business people
plan to close unsuccessful businesses and restructure assets, resources and capital
to try again in a different venture. Thus, capitalism is self-healing in that
it cuts loses and losers and places them at the bottom of the economic ladder
purely based on their record. Government is the opposite. Most governments have
massive and ineffective organs that are sloppy, inefficient, and
counterproductive and remain mired in the sty as pigs in the mud. Failure is
not a metric that can alter their leadership or existence. Our government has
agencies such as HUD and others with dismal failure as their best achievements
and they still exist.
The
pyramid system is an intrinsic element in our society in that no society has
ever existed without leaders and they control most of the wealth. The USSR was an attempt, early on, to
share the fruits of industry with the workers, but that failed when collectivized
farms and such were structured and dissidents sent to the gulags. The Bolshevik Dream of the proletariat running
businesses vanished and the Communist Party, limited to about 4% of the population,
soaked up the remaining wealth and lived in splendor as they conducted purges
and expanded the gulags. This was the Red Pyramid. The liberals are working on the Pink Pyramid
as we read this.
The main
objection to the pyramid system is that too much money and power is
concentrated in the hands of a few and
that the pyramid must be flattened so as to include all of the populations of
the local societies and even be extended to the world as Senator Obama has
preached.
So, how
do you do this? “Education” is not the answer as spending on education can be
doubled with no discernable effect on the outcome. No, in all cases some form of tax must be
applied by governments or indirectly by social agencies to supply money and,
now, private property to the masses. This is the sorry case of Fanny Mae and her
retarded brother Frumpy Fred. The process of ‘sharing’ through granting is
summed up by the Greenlining Institute and reports to Congress.
This is a Marxian styled advocacy group that
finds ways to give wealth to minorities and ‘the poor’ from capitalism. There
is no demand for competency, responsibility
or decent conduct in these grants. This is similar to the leftist’s
notions about high school: if 50% drop out then we will just pay for college. In
reality, this is just a welfare project where people with poor credit and
unacceptable life styles are given real estate as a gratuity for their votes.
It is simple fraud and poor business.
Sen. Christopher Dodd and others routinely receive large financial
donations [bribes] to keep the sty well watered and sticky and the tax money
flowing into these special political projects. Criminals like the former FM Chief executive Franklin D. Raines appear in the failure analysis
when we discuss bunglers who milk the system
for millions of dollars to the wild applause of the rabid left. “Jamie Gorelick — Clinton Justice Department
official — worked for Fannie and took home $26 million.”
Many of these social parasites now work for Obama. This
is just another left-liberal tax scheme. These people are Clinton whores.
The
question arises: are we going to fix a system where capital is wasted on people
who cannot handle it? Are we going to continue to subsidize housing for illegal
aliens, drug addicts, criminals who cannot or will not work? The answer to this
question lies in how the credit system is changed if, indeed, the Democrats
will allow it. What is wrong with the current outcome here? The ‘poor’ get
housing, at least for a while, and cannot take out equity loans for TVs, cars
and such before they default and the tax payer eventually picks up the bill. This process is just fine
with the left and they will resist any attempts to tighten up credit
regulations. Their existence in the political arena depend upon the reality
that they must trade tax revenues for votes.
As for the Democrats:
“"This is a wholly owned problem in terms of its creation by the failed
Bush policy, ... their anything-goes approach to our economy," House of
Representatives Speaker Nancy
Pelosi told reporters on Thursday.” [Emphasis is mine in all quotes]
This is an outrageous lie, of course, and
typical of the left. The fact is that greenlining policies led to Fanny Mae and
her smaller sibling being a mere slush fund to soak up bad debt caused by
offering real estate to incompetents and criminals. This is a Democrat program
and worked exactly as they predicted. Any losers in the system would be
compensated by the tax payers and winners would be grateful and be example of
egalitarian leftist social programs.
Look for a wild circus act that will do or say
anything to keep this form of fraud working for the liberals. This is just one more way that the left will
grunt and grab anything they can get away from capitalists. The phony Global Warming …Climate
Change is merely another tax whoring scheme that the liberals wildly
support. Al Gore is the new Lysenko.
There is no end to the tax-whoring schemes of
the left and we must notice that if they phony programs fail then that is okay
too as they will keep grunting and grabbing for our wealth as long as there is
one dollar loose from their control.
Let us see what kind of ‘fix’ we are offered
for these failed social programs and if bad credit can still be used to extract
money from our society. My bet is that phony slush funds like Fanny Mae will
not be significantly altered as the left desperately needs the votes. We saw what happened when we tried to
dismantle the failures of the Great Society, War on Poverty, HHS, HUD and busing. We
should not have rescued this current wreckage as it just serves to expand
the pig sty and act as a latrine to waste more taxpayer revenues. Market forces
need to sort out these real estate blunders.
When the government assumes control of these
worthless mortgages they will be the default manager of the failures of the
left. We will be stuck with subsidizing failure as we do in the welfare system
and many spots in education and government service. This is just another
worthless and counterproductive tax that we must pay. Thank the liberals for
another success on their part.
rycK
Comments
to: ryckki@gmail.com
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