The RAW Deal

The “New Deal” was a bad deal for America then and it will be again if the new administration and current congress has its way.

Research by historians has found that President Roosevelt’s expensive Depression-era make-work projects actually coincided with an increase in unemployment and the projects took many years to complete, producing at best minimal benefits to the ‘current’ economy of the time.

Government spending on such a large scale will be nothing more than a stimulus to special interests. Favored industries, including “green” ones, and specifically labor unions, will be the only beneficiaries under the proposed stimulus plan by the new administration.

Where is the evidence that this time it will be any different than the Roosevelt plan? The government will throw billions at every ‘so-called’ crisis with a result that merely stimulates more waste, mismanagement, fraud, abuse and campaign contributions to politicians from the special interests chosen as the beneficiaries of all our taxpayer money.

American capitalism is what made our country the most desired place to live and prosper in the world; is about winners and losers, not government controlled bailouts. Businesses come and go based on supply, demand, responsible management and foresight. Our country will not ‘fall’ because businesses fail and workers are laid off. American’s are resourceful and resilient, we cannot expect our government to ‘nanny and nurse’ us back on our feet!

Self-serving politicians and powerful people who now have control of our tax dollars and have squandered it on their own special interests, holding we, the taxpayers hostage. This has resulted in a country with Government rule and is no longer a country ‘of the people, by the people or for the people’. We, the people, are getting the proverbial crumbs while the [elite] servants of the people take care of themselves and their ‘friends’.

Their surrealistic idea is that ‘we, the people’ are too stupid to figure out how to help ourselves and they must control us, as our saviors.

This sounds more like a RAW DEAL; what say you?

What happened to our economy?

Ever wonder why this Congress, lead by Fancy Nancy and Dingy Harry, are in the process of pushing through a $14 Billion dollar bailout for the ‘Big Three’ auto industry? Could it be pay-back for the union’s lobbying efforts to get the Obama [the messiah] elected as our next president? Could it be just an excuse to add pork for their pet projects into the billions? Why did the highly paid CEO’s who oversee the company’s operations let their companies get this far out of hand? They are supposed to be smart enough to ‘forecast’ and budget. Did they know they may be in line for a [sweet] bailout? After the bank bailout, AIG, etc. did they think it would be slam-dunk! How many more are going to jump in?

I am angry! It would be very unfortunate if all the people associated with the auto industry were laid off; I [we] could have to say, ‘welcome to the crowd!’ I was laid off earlier this year because of the economy. Exactly what really happened to the economy? Well, for starters reckless expansive of credit that brought about bank expansion and inflation. Artificially inflating our dollar debased our currency on a grand scale! What or who could have been responsible for this?

Think back to the Carter and Clinton Administrations and you will find the beginning of our current economic woes. In the 1970’s Carter-era Community Reinvestment Act forced banks to lend to uncreditworthy borrowers, mostly to minorities. In the 1990’s Clinton added more muscle, despite warnings from the GOP, in 1992 and leveraged extensive changes to the rules requiring lenders to make questionable loans. Lenders who refused were publically chastised and called ‘racists’. Failure to comply with Clinton’s new rules meant that a bank may not be allowed to expand lending, add new branches or merge with other companies. Clinton’s comptroller used every means possible to end discrimination as quickly as possible. It was during this time Congress gave Fannie and Freddie permission to finance all of this by buying loans from banks, repackaging and securitizing them for resale on the open market. Because of these economically destructive laws, it all snowballed into what we face today. The media will never hold anyone accountable; so Nancy Pelosi and Barney Frank will continue with their outright deception touting that it all occurred due to President Bush’s administration, policies and the war on terror. Now with Obama [the community organizer] as president elect, we will see the entire process accelerate exponentially. The end is nowhere near my friends! Hang on to your hat because we are in for a wild ride downhill!

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