Thursday, September 10, 2009
NEWSFLASH! Socialized Health Care Expected to Cure Real Estate Crisis ;-)
As he prepared to take office in December 2008, Barack Obama was speaking of government run health care when he said with a perfectly straight face: "This has to be interwoven into our economic recovery program. This can't be put off because we're in an emergency. This is the emergency!"
Almost in the same breath, and before his tax fraud issues forced him to withdraw his nomination as Secretary of Health and Human Services, Tom Daschle explained the President-elect's incoherent logic as follows: "Addressing our health care challenges will not only mean healthier and longer lives for millions, it will also make American companies more competitive, address the cause of half of all of our personal bankruptcies and foreclosures and help pull our economy out of its current tailspin."
So let me get this straight ... even though most Americans are happy with their current health care plan, we have a "health care crisis." And if we act quickly before all the details are worked out, the new health care plan will heal our collapsed economy and resurrect the real estate market. Here's how this plan looks to me:
1. Suffocate the top individual and business producers in our country with higher taxes
2. Spend trillions on government run health care, simultaneously dismantling the best health care system in the world
3. Make everyone (except old people) healthier so they will suddenly have jobs and begin making mortgage payments on time
4. Play shell games with the debt until it all crashes down on our children and grandchildren
So as you can see, socialized health care is the key to a robust economy and an immediate real estate recovery. It's so simple! Why didn't Fidel Castro think of this? Oh that's right ... he did. I'm sure things must be thriving by now in Communist Cuba.
The recent crash of the real estate market has been traced to government intervention that began during the Carter administration. The 1977 Community Reinvestment Act (CRA) compelled banks to make loans to low income borrowers who would not qualify under ordinary economic criteria. The CRA sought to address perceived lending discrimination in low to mid-income neighborhoods.
The perceived crisis, I suppose, was that banks had been lending only to people capable of repaying their loans. Criminals! And since millions of Americans couldn't afford to own homes, they were unfairly deprived of the American dream by the greedy capitalists. Enter the government. Billions of dollars in sub-prime loans and 30 years later, the whole ponzi scheme unravels and we finally generate a real crisis ... the mortgage meltdown. Thanks President Carter!
And now as we watch in horror, an enlightened new regime takes swift action in the name of hope and change. They are hoping to bail out the economy by making wreckless changes before anyone has time to read the fine print! The bailout is loaded with irresponsible spending, perpetual regulation, and no plausible end game for the trillions in debt we are acquiring. We haven't even begun to experience the "unintended consequences" of this scheme. And the looters who are managing this crisis play for the same team that caused it in the first place.
Thank God for the wisdom and rage of the American people (though it has been a long time coming). Maybe the momentum created at the August town hall meetings will turn the tide. Is there still time to slam the breaks on this socialist freight train that derails our national calling? Can we ever return to the proud and cherished individualism that made our nation great? Yes, but only if we require every capable citizen to pull his own weight in every facet of life and death. Socialized health care is the enemy of our greatness.
Almost in the same breath, and before his tax fraud issues forced him to withdraw his nomination as Secretary of Health and Human Services, Tom Daschle explained the President-elect's incoherent logic as follows: "Addressing our health care challenges will not only mean healthier and longer lives for millions, it will also make American companies more competitive, address the cause of half of all of our personal bankruptcies and foreclosures and help pull our economy out of its current tailspin."
So let me get this straight ... even though most Americans are happy with their current health care plan, we have a "health care crisis." And if we act quickly before all the details are worked out, the new health care plan will heal our collapsed economy and resurrect the real estate market. Here's how this plan looks to me:
1. Suffocate the top individual and business producers in our country with higher taxes
2. Spend trillions on government run health care, simultaneously dismantling the best health care system in the world
3. Make everyone (except old people) healthier so they will suddenly have jobs and begin making mortgage payments on time
4. Play shell games with the debt until it all crashes down on our children and grandchildren
So as you can see, socialized health care is the key to a robust economy and an immediate real estate recovery. It's so simple! Why didn't Fidel Castro think of this? Oh that's right ... he did. I'm sure things must be thriving by now in Communist Cuba.
The recent crash of the real estate market has been traced to government intervention that began during the Carter administration. The 1977 Community Reinvestment Act (CRA) compelled banks to make loans to low income borrowers who would not qualify under ordinary economic criteria. The CRA sought to address perceived lending discrimination in low to mid-income neighborhoods.
The perceived crisis, I suppose, was that banks had been lending only to people capable of repaying their loans. Criminals! And since millions of Americans couldn't afford to own homes, they were unfairly deprived of the American dream by the greedy capitalists. Enter the government. Billions of dollars in sub-prime loans and 30 years later, the whole ponzi scheme unravels and we finally generate a real crisis ... the mortgage meltdown. Thanks President Carter!
And now as we watch in horror, an enlightened new regime takes swift action in the name of hope and change. They are hoping to bail out the economy by making wreckless changes before anyone has time to read the fine print! The bailout is loaded with irresponsible spending, perpetual regulation, and no plausible end game for the trillions in debt we are acquiring. We haven't even begun to experience the "unintended consequences" of this scheme. And the looters who are managing this crisis play for the same team that caused it in the first place.
Thank God for the wisdom and rage of the American people (though it has been a long time coming). Maybe the momentum created at the August town hall meetings will turn the tide. Is there still time to slam the breaks on this socialist freight train that derails our national calling? Can we ever return to the proud and cherished individualism that made our nation great? Yes, but only if we require every capable citizen to pull his own weight in every facet of life and death. Socialized health care is the enemy of our greatness.
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