Monday, October 24, 2011

Obama Sidesteps/Ignores/DeClaws Congress

"Obama sidesteps Congress" was the headline, but I was trying to come up with a more descriptive term.

In his speeches, Obama is saying that he's doing what Republicans are refusing to do...but it's not just Republicans who have problems with his jobs bill.

Here's what Rush had to say:
RUSH: As I mentioned, "With his jobs plan stymied in Congress by Republican opposition --" this is the New York Times. The truth is his jobs plan is stymied in Congress by his inability to get Democrats to vote in majority for it. "-- President Obama on Monday will begin a series of executive-branch actions to confront housing, education and other economic problems over the coming months, heralded by a new mantra: 'We can’t wait' for lawmakers to act.' According to an administration official, Mr. Obama will kick off his new offensive in Las Vegas --" where he told everybody not to go in 2009. "-- ground zero of the housing bust, by promoting new rules for federally guaranteed mortgages so that more homeowners, those with little or no equity in their homes, can refinance and avert foreclosure." How many times now has this been tried? It's gotta be at least the third or fourth mortgage assistance program, and none of them have worked, but we're doing it again, in Vegas where the president said don't go.

OBAMA: The American Jobs Act that I'm putting forward obviously contains many ideas like infrastructure investment, that should be pretty straightforward, and our hope is that we're able to get those passed in the next couple of months. So my instruction to Jeff and Gene and Valerie and all the advisors who are sitting around the table is scour this report, identify all those areas in which we can act administratively without additional congressional authorization and just get it done. Anything that's within our authority to do as an administration we start doing immediately and we don't wait for Congress.

RUSH: We don't wait for Congress. So on October 11th this is what he said he was going to do. I have a piece here from the Business Insider. Revealed here is Obama's new housing plan. "The Federal Housing Finance Agency just announced its changes to the Home Affordable Refinance Program (HARP), which serves as the backbone of President Barack Obama's new housing plan. HARP programs have helped 894,000 borrowers through August -- a far cry from the 3-4 million Obama promised in 2009." None of these plans have worked. This is just the latest one. "The changes are designed to allow more underwater homeowners with loans backed by the government to take advantage of lower interest rates. This time FHFA is not providing a specific estimate for the number of homeowners it believes it can help under the revised program, but says 'by the end of 2013 HARP refinances may roughly double or more from their current amount.'"

So again, what we have here is the impression of some help taking place, the impression, the optics of the regime moving in to help people in foreclosure who are underwater on their mortgages. They don't tell us how many they're gonna help. They predicted three to four million, 800 some odd thousand have been assisted, but in truth the programs have all been failures. There are still foreclosures taking place. There are still abandoned houses. In some neighborhoods abandoned houses are being bulldozed. The federal government cannot fix this problem. Obama doesn't care if it gets fixed. All Obama wants is for you to think it's being addressed. So a new program. Well, how many homes, how many homeowners? We don't know here. Probably double, triple the current number.

"The principal change is the elimination of the 125 percent loan-to-value ceiling for refinances -- allowing all homeowners to refinance if they meet the other eligibility criteria no matter how far their home value has fallen." So basically they are going to tell anybody that no matter what your circumstance, you qualify to refinance at practically zero interest rates. And they're gonna make the participation in the program voluntary, which is why so few people are participating in the programs up to this point.

Now, this "we can't wait" business cuts two ways, folks. Obama is trying to get the aggrieved, the downtrodden, the underwater, the foreclosed upon to agree with him, just go around Congress, forget the Constitution, forget the republic, forget the democratic process, we can't wait, it's too important, we gotta do it ourselves. We can't wait, either. We can't wait to repeal Obamacare. We can't wait to repeal Dodd-Frank. We can't wait to cut spending, to balance the budget. We can't wait to end all these Democrat Party money laundering schemes. We can't wait to get all the facts on Fast and Furious.

We can't wait to get rid of Eric Holder, to reign in the EPA. We can't wait to cut taxes on job creators. We can't wait to make this radical, leftist, divisive failed president a one-termer. We can't wait to have voter ID laws in all 57 states. We can't wait for Joe Biden to make his next speech. We really look forward to that. We can't wait for Moochelle (My Belle) Obama to mind her own business when it comes to what we eat. And we really can't wait for these Occupy Wall Street protesters to bathe and get the stench of urine off of themselves.

My Schedule of Regular Posts:
*Monday through Friday morning - schedules of President, VP and Secretary of State and her diplomats
*Monday through Friday afternoon - List of topics Limbaugh discussed on his program that day
*Monday through Friday throughout the day - My posts on anything that I feel like talking about. At least one or two a day, sometimes more.
*Saturday through Sunday morning - An addition to my booklist of political books - covering Democrats, Republicans and other interested parties.

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