Oct 4, 2008 | 4:38 PM
Category:
Political
The
scariest part of the entire process is how the media has shifted from
reporting the story, to becoming the story. I have found that the press
by and large glosses over some serious concerns, or dismisses people
who express doubt as ignorant or racist. Why is it that opposing a
candidate has to be based on racism? Could it be that as someone with
the most liberal record in the Senate, Senator Obama doesn't hold views
that I support? Yet in countless forums, the troofers and followers
automatically vilify anyone who says something opposed to the
apotheosis of Obama. (apostheosis for those of you who don't know, was
the process where Roman emperors attained divinity and became gods in
their own rights-a symptomatic detail that led to the fall of the Roman
Empire....)
If you want an absolute reason why you should beware
of the glittering generalities of the Obama/Biden campaign, consider
this quote from Joe Biden:
"we should be allowing bankruptcy courts
to be able to re-adjust not just the interest rate you're paying on
your mortgage to be able to stay in your home, but be able to adjust
the principal that you owe, the principal that you owe. That would keep
people in their homes, actually help banks by keeping it from going
under..."
For those of you who don't understand the
implications, interest is what makes payroll and keeps the doors open
of you local bank. It pays depositors for the use of their money to
fund other loans. This judiciary fiat of simply lowering the interest
rates AND THE PRINCIPLE means that all a borrower has to do is become
delinquent, and they get to set their own price. This is no way to run
a bank or any other business. When you sign the contract to purchase
ANYTHING, you commit to paying the cost on that paper. This dissolves
legal contracts and creates a situation where more banks will fail
because borrowers will simply stop payments. So if you are enjoying
this current bailout-which is absolutely chock full of pork, then you
will love the next one two years down the road.
A word of
caution: The Obama campaign has offered everything to everyone. Another
Illinoian Lincoln said, "You can fool all of the people some of the
time, and some of the people all of the time, but you can't fool all of
the people all of the time." I realize Americans are short on math
knowledge, but income and outgo must balance. What we have now is an
already overloaded budget that will be made more cumbersome by
implementing costly programs while claiming to reduce taxpayer burden.
At some point you have to get the money from somewhere, or print it and
drive up inflation. Beware the candidate that comes to offer you the
moon, it isn't theirs to give, and it never was. It's your money they
are after.
