The Obama Depression and Surviving the Leftists: Free Homes and Debt Forgiveness for your Votes.

We are advised that socialism is the best way to control the masses as this method purports to deliver ‘fairness’ and ‘equality’ to the victims of this farce while strangling them and truncating their futures. Those who work the levers of socialism frequently live in splendor. The harms of capitalism, we are told, are manifold and may be used to blame capitalists for a wide assortment of social evils ranging from AIDS, global warning and crop failures in the Sudan. We are further educated that capitalism is intrinsically flawed in that it performs some ghoulish maldistribution of wealth and is secretly based on racism, exploitation and greed.  This is a confidence scam and a good one. Extending this logic to the world, we might expect to find cheerful peasants in North Korea who are thrilled to eat weeds than suffer under the ills of capitalism.  We know that Cubans are free of the burdens of their prosperous relatives in Miami and better off for this blessing.

We could suggest that we might inspect the economic and social differences among the variants of the socialist themes and contrast them with some corresponding capitalist examples now in operation around the world. Upon doing so, we seem to always be reminded of Sweden or the Cuban health system as counterpoints. We could inquire about the ‘successes’ of socialism when compared to its counterpart and cite the USSR, People’s Republic, North Korea, 100 places in Africa or Haiti and such, but these offerings only force a comical  reverberation with  the hackneyed retort that ‘it works in Sweden and Cuba has great healthcare.’ The findings about average socialism are not encouraging.[1] Not only is socialism not a success, but the process seems to promote dictators and mass murder al0ng with the novel creation and maintenance of pogroms and piles of human skulls in more than one place.  Good socialists or their semi- mentally-retarded liberal cousins seem to glide off into the ether in some 1000-mile away trance when confronted with the facts that 100,000,000 people died under Communism in the last century alone.  Upon finding a pet rabbit almost completely eaten by rats they can always assert that there are some good pieces left and the rats are misunderstood.  A mere rumor of success in some far-leftist social experiment is sufficient to pursue a century of sadistic human butchery in search of a favorable recurrence. The rational can suffer no confidence in socialism or the uglier variants thereof. The irrational will sacrifice all in that maelstrom.

The Obama Socialists are politicizing the current recession that might blossom into a full-blown depression by pandering to the unfortunate using the notion that the government ought to pick up their economic losses and probably give them a free house at the expense of the banks or other corporations.  Such an offer builds confidence in Obama for those with little minds. It is difficult, we can admit, to imagine any capitalist measure that surpasses handing out such freebees as houses, condoms, dope and needles and then pays for the rehabilitation from these fatal excesses. This is a full-circle social system.  The successful economy is always the daughter of confidence and those who think ill of a good economy may find a way to initiate a crisis of confidence and crash the system. Those who work the levers of the economy must have confidence that the government will provide support and not be in the business of sandbagging the system with spite and revenge. Such confidence must not be placed in leftists such as Obama and his European Marxist Friends. Their notions are a crisis of confidence. Most of these parasites hate capitalism and want to redistribute your wealth.

We can always check out The New York Times—aka the Walter Duranty Papers [2]  for an instant and noisy endorsement of anything that pulls capital from any corporation and trades whatever is left for votes from their victims. This is the first place to check out the true and patented ways to sink an economy while blaming free markets and capitalism in the process.  That is their business.

We begin our perusal of the usual pedestrian-level screeds that are cranked out like sticky sausages that sally forth in little kinky rows from this webzine that used to ‘print all the news that was fit to read.”  So I offer a condensed decontaminated version of their current propaganda piece, known as an editorial, so as not to bore my readers with unnecessary fluff:

The opening several paragraphs of this screed distilled:

“Yadda…Secretary Henry M. Paulson Jr. was notably absent … Yadda.. The nation’s banks and other financial firms also are undergoing a necessary correction for which there is no silver bullet…. Fannie Mae and Freddie Mac …That is a huge policy error…Fannie Mae and Freddie Mac… Yadda …difficulty of getting the often-conflicting parties to agree to modified loan terms has derailed all previous attempts to stem mass foreclosures…The half measures have to stop….yadda yadda yadda.”[3]-- Foreclosure Prevention Lite  NYT  EDITORIAL Published: November 12, 2008   [Emphasis is mine in all quotes.]

This kind of whining [read a celebration of the misfortunes of their political enemies] and maudlin hand-wringing brings an undisputed vote of no confidence to investors.   Slogans like ‘no silver bullets, half measures and mass foreclosures’ are the phrases of the loser. They want the economy to go down. We must never be surprised that the left fails to attract more victims when the economy is soaring. They like depressions and famine so they tend to counsel failure.

After this puffy-fluff  propaganda piece has been strained through the Filter of Reason and the shrunken remains has been chucked into the dumpster way down wind,  we lay bear the certified socialist themes embedded  in this editorial and, not surprisingly, we notice that the essence is reserved for the last two paragraphs [where else?]

Broaching some substance:

“As a candidate, President-elect Barack Obama favored amending the law so bankrupt homeowners could have their mortgages revised in court, an avenue currently denied them. The next Congress must move forward on the bankruptcy amendment first thing in January. - Foreclosure Prevention Lite [sic]

Let us all rush to seal the doom of the middle class.

Hundreds of thousands of homeowners would qualify for bankruptcy, and hundreds of thousands more would be helped if lenders and investors opted to restructure bad loans rather than having to go to court. Better still, bankruptcy restructurings would cost the taxpayers nothing and concentrate the pain on those responsible: borrowers who took on more debt than they could handle, and lenders who made bad loans.” - Foreclosure Prevention Lite 

After dipping my yellow gloves in Clorox in the fear that my keyboard might upload some mental diseases toward my neuron set from a seemingly innocent gaggle of electrons that puts this stuff up on my screen, we get down to the socialist essence:

[1] The originator of this measure is identified with trumpets, little dangling bells and enchanted song. Obama has promised this! That doesn’t matter as Obama is nothing but a sophomoric political construct that is nothing more than a scripted oratorical puppet that performs on a glittering stage and gives sterling speeches that fall backward upon old, stale socialist precepts. He would be pedestrian-level, but has a new and talented style of tinsel-town stage delivery and a few hundred million dollars in funding from the Middle East and Europe. The money makes the man here.

[2] Socialism and its uglier congeners cannot proceed without some phony theories proffered for the simple. In this episode, two lies are incorporated into some slobbering sob session and commingled with tears, anti-capitalist innuendos and leftist propaganda.

Lie number One:

The outrageous notion that we must deal with “responsible: borrowers who took on more debt than they could handle..” is so obscene that we recoil from the intrinsic illogic of such a notion.  Responsible? Firstly, we must note that the word ‘responsible’ has no defined meaning here and that is deliberate. Can we review a bit of history here about greenlining from a previous blog[4]:

Free Bank Loans to the ‘poor’:

The CRA [the phony Community Communist Reinvestment Act][5][6] created mountains of bad debt by forcing banks to give away free houses to the uncreditworthy low class in exchange for their votes under penalty of prosecution by the government. You were supposed to wipe out Redlining[7]  and replace it with Greenlining.[8] Minorities must have loans [free if necessary] so they can participate in the American Dream. This is known as ‘affordable housing’—you cannot afford, but the illegal aliens and criminals and ‘poor’ certainly can.  The cost is essentially zero.  The thrust by the left now is to ‘suspend’ foreclosures that were a result of not paying off their loans and use some bank or government money [what else from a socialist?] to pay for the monthly mortgage payments.  Illegal aliens and dope dealers are most welcome.

This is more fully explained by a noted leftist from a more progressive state than NYC:

 “The best way out of the current mess that avoids a taxpayer rescue is for lenders to modify loans.”[9]-- Pia Lopez, Sacramento Bee.

“But the role of loans for people who don't qualify for a lower-cost, prime loan should be to provide them with a loan so they can build a credit history and refinance into a conventional loan with better terms when their credit improves.”[10][11]—Pia Lopez[12], Sacramento Bee.

The more progressive Californikan Pia Lopez advances the tenets of the socialist game a bit beyond how far the Times will slither. The editorial staff the Times ought to read some more about the new insights into Marxism that are being hatched in the Golden State. They fall behind the times at the Times. From some unspecified source, loans should be given to the inept to teach them how to handle credit! This folly approaches the absurd notion that California has a functioning education system, as they do not.

In order to explain this to a liberal, even one that might have a near-full set of chromosomes, we need to clarify a few definitions used in the tangled syntax of the left:

[a] The word ‘responsible ‘must be defined  as an economic victim of capitalism to make any Marxian sense  here. It is difficult to discuss with a liberal the salient facts that 95% off all current mortgages are performing well and that people with good credit ratings, off drugs, lacking a criminal rap sheet, do not fit into this group unless some disaster befell them. Any person who has a good job, a juicy 401(k), neat home and a SUV cannot be deemed responsible by the left. They are the ‘rich’ and need to be taxed into oblivion. Apparently a ‘loan’ from some unknown but benevolent source will produce a responsible person after a time. We can build up a suitable credit history for them if we shovel enough money into the exercise. This is called ‘education.’ California is famous for that. Who grants this loan?

[b] The description of a person who “took on more debt than they could handle” prompts us to ask: Are illegal aliens, the ones that now hold 5 million of the mortgages in foreclosure, are considered to be responsible? Can we expand this question to wonder about drug addicts, perverts who stalk children, professional criminals, and drug dealers, coyotes who deal in human flesh or other undesirables? Can these persons ‘handle’ their debts? Are they innocent but responsible if they first voted for leftists in the past so as to be eligible for get zero-down loans and just couldn’t seem to make mortgage payments--and then used their criminal proceeds to enjoy their tax-free life?

We are probably going to have to face the fact that the leftists can argue that anybody can be responsible in some way or another if we spend enough money [in return for their votes, of course].

Lie Number Two:

We must be believed that this bailout would cost the taxpayers nothing? It must be free!

[a] This strange notion, imbedded somewhere deep  in the liberal convention of the word taxpayer, must be placed in some socialist context to make sense. We could surmise that since the top 4% pay 96% of the federal taxes we could utilize this factoid to slice off the corners of this game chip and satisfy the mentally marginal on this identity. Thus, the non-taxpaying good citizens who are not ‘rich’ must be those who would pay nothing, and that must somehow ring true within the boundaries of the socialist essence of this scenario. The reverse of this idea leads nowhere. We must conclude that taxpayers are those lenders or investors that own the banks and related businesses or equities therein.  Using the contorted logic of the left we must believe that lenders are not taxpayers? That must be it. This is more complicated than it first appears. This is disinformation and a flat lie.

[b] We must, then, also refute the notion that if we tax the rich that the ‘little guy’ will NOT PAY any of tax because it is  just punishment for a corporation and the government can reclaim these ‘costs’ to the society from these taxes.  We can offer the following terse explanation to the liberal, in vain, in an attempt to counter his brain-washed notion about taxes that:

Corporations Do Not Pay Taxes

, but to no avail.  Customers pay the taxes! Attempting to educate liberals and their victims on economic matters is like trying to return fresh donkey flatulence to its previous state as corn meal.

Tax theory:

If some corporation makes a widget that sells for $100 in stores everywhere and then the government adds on some special $5 widget tax and the price rises to $105, then we bang our heads on the Anvil or Reason because the victim of socialism will not believe that they are paying the new tax. Indeed, if the price of the widget increased then that would be prima facie evidence of greed on the part of the corporations and rich and the urgent need to attach another 5$ tax to the widget is in order and that the government would return the recovered profit from the corporation to the poor in the form of social programs.  Victims such a pitiful mentality  and swampish levels of ignorance would sooner believe in Global Warming[13] and Carbon Caps[14], the Tooth Fairy or the benefits of mega doses of vitamin C than believe this.

[c] To this discussion, we must include the phony notion of the zero sum theory [15]  to this futile attempt to educate the liberals where we learn that if anybody has something much more than the average then they attained that extra stuff unfairly and that the little guy was the victim and his rightful due was stolen. This political notion keeps the ignoranti steeped in the sticky stuff, happy and in a state of delirious admiration for their torturers. You are a victim and we know who the guilty are and we can punish them and return to you your lost inheritance.  All we need is your vote. Sure.

The notion that the taxpayers would pay nothing is just plain crap. But, to be fair, crap is probably the most precious and effective commodity in the leftist camp.

Danger Alert Number One:

Here, the Rule of Law is slated to be abrogated [or destroyed] as we need to learn how the process that mortgages[would] be revised in court.  We are going to hand over the modification of a contract to some judge! Really?

So, now peace and justice will be economically dispensed by the courts that will modify private contracts. The states may already have the power to alter and redirect the obligations of a mortgage contract.[16]

 Conclusion:

We are entering a massive recession that will probably turn out to be the biggest depression in the history of organized society. The result will be a massive hunt for the renaming wealth and assets and that will be enabled by your government in the form of redistributive taxation[17] whereby they will attempt to crush capitalism and free enterprise and transfer your wealth to the ‘poor.’ Those who detest capitalism now have a chance to blame that for the depression.

They will confiscate and then give away your assets to illegal aliens, pry open your 401(k)s and ‘spread that around’ and institute a Gestapo-like civilian security force that will certainly operate as tax collectors, the secret police, and policy enforcers  in the name of community activism, social justice and worse.

You wanted ‘change?’ You are going to get it.

rycK

Comments: ryckki@gmail.com