Hedge Fund Manager:  OMG, i snorted how much blow last night? and then crashed my Bimmer into *what*?  OMG LOLZZ!!1!

Junior Investment Banker:  duderz, it was a homeless guy, plus you probly got AIDS from that hooker!

Hedge Fund Manager:  im still drunk, and its 11:30am and im at work LOL!  howd i get home>?

Junior Investment Banker: u drove home - EPIC WIN, FOR GREAT JUSTICE!  im on like my 8th martini now!

Ask a lib to explain their favorite Obama policy.  Go ahead, ask them.  Then once they're finished elaborately complaining about how "eight years of failed Bush policy" caused the mess we're in, then ask them to explain it again, but this time without talking about Bush.  Don't worry, they won't be able to do it.  That's because modern American liberal ideology is nothing more than repackaged, watered-down Socialist drivel:  "Spread the wealth."  "The Government is our only hope."  "From each according to their abilities, to each according to their needs."  This is the ideological basis of Obama's vision for the future of our country.  But as well-intentioned as it seems, we know that Socialism doesn't work. 

So now that Obama, the mainstream media, and the American left don't have Bush as their whipping boy to draw our attention away from actually talking about their fundamentally flawed ideology, what are they going to do?  We already know the answer - all we have to do is look at the modern American liberals' playbook...

Saul Alinsky, radical liberal and political mentor of many prominent Democrats today, including the Clintons and Obama, wrote the liberal playbook, "Rules for Radicals."  In his book Alinsky describes methods to effect political change by any means necessary, no matter how despicable or sleazy, as long as the end result is what you want.  We've seen this sort of reasoning in our history before:  A book, "The Prince," written by Niccolo Machiavelli around 1513, contained the same sort of advice about how to gain power, and keep it.  Alinsky's book provided the tactic that Obama and the left used against our last President to win the election:  "Pick the target, freeze it, personalize it, and polarize it."  In other words, if you can't win based on ideology, then make it a popularity contest.  But now that Obama's the Prom Queen, and there's nobody left to pick on, what's the left going to do?

Their solution is easy, and they've already done it:  Pick the most prominent Republican icon, focus lots of negative attention on that person, and most importantly, blame the failures of government on them.  Any guesses as to who the new target of the libs' Machiavellian trash-talking is?  Here's a hint:

"You can't just listen to Rush Limbaugh and get things done,"
    -- President Barack Hussein Obama

According to the Alinsky playbook, the intent is to move the debate away from your unpopular ideology (i.e., Socialism), and keep the dullards (i.e., you and me) focused on the "Ooo! Shiny!" things (i.e., the interpersonal conflicts, arguments, and scandals), so we don't start asking the important questions, like, "Sooo where does all the money for the stimulus come from?" and,  "How exactly does spending get us out of a mess that we got in to by spending?" and, "How, exactly, do you 'cut' taxes for someone who doesn't pay any to begin with?"

Just watch.  Rush is about to become the new Bush.  If Republicans don't toe the Socialist Party line, it'll be blamed on Rush, because he's been brainwashing them.  If some unconstitutional, lib's-pet New-New-Deal bill doesn't get passed, Obama or Pelosi or Reid will blame Rush for muddying the waters and preventing true "bipartisanship."

Modern American liberals and the Democratic party are ideologically, intellectually, and morally bankrupt.  Their only hope is to turn our government into a reality-show farce so we don't realize just how dangerously wrong their vision for our nation is.

Obama economic advisor Robert Reich recently made a few comments about economic stimulus.

At one point, he advocated paying out stimulus money for jobless relief in...  Food stamps.  Yes, as Reich calls it, it's "a two-fer."  Because people need food, and we need to make sure they spend that money, so we'll pay them in food stamps.  Here's the quote:

"Food stamps. Talk about a way of getting money to people they will spend, they will spend -- you know, the more people are in need the more likely they are to turn around and spend whatever money they get. Again, a two-fer."

No seriously, how about we pay people in "_____" stamps?  That way the government can totally control everything we buy.  There's no "saving" anymore, just "stamps."  Need shoes?  Well, just spend your "shoe stamps."  Need a high-definition TV?  Well, just pool your family's "LCD TV stamps," and get one.  Forget "money" or "gold," or "objective value."  It's all stamps.  Stamps, stamps, stamps.  Need to mail a letter?  Go to the Post Office with your "Stamp Stamps" to buy some stamps.  Need to buy some of those ink-stamps for your office?  Well, just go to Office Depot with your..  uh..  "Stamp Stamps..."

OK, so there are still a few kinks to be worked out, but this system is genius, and so is Rob Reich.  All Hail Obama the Emperor.

http://newsbusters.org/blogs/noel-sheppard/2009/01/22/obama-adviser-stimulus-shouldnt-only-aid-white-male-construction-work

Apparently for the first time in fifty six years and fourteen presidents, President Obama chose not to attend the official Salute to Heroes Inaugural Ball.  Half of the surviving Medal of Honor recipients were there, but I guess Beyonce, P. Diddy and Queen Latifah were less boring than those crusty old "heroes," so Obama went to the "Neighborhood Ball" instead.

http://www.blackfive.net/main/2009/01/the-one-blows-o.html#comments

Priorities, priorities...

A favorite bugbear of the American liberal is that Republicans are always a hair-trigger away from reinstating the draft, and forcing citizens to serve in the military.  But who really supports conscription?  Which party has historically supported it?  Which party ended it in the 70's?  And most importantly, which party wants to reinstate it today?

Unsurprisingly, the president who signed the first, modern draft into law (the Selective Training and Service Act (STSA) of 1940) was none other than the big-government Democrat who helped worsen the Great Depression, and was the architect of many other spectacular failures that just now are coming to fruition, including Fannie Mae and the subprime lending crisis, Social Security, a precedent for federal government bailouts, and "Public Works Projects," Franklin Delano Roosevelt.  So there's one question answered - Democrats created the draft.

Now, who has supported the draft since then?  Here's a brief summary:

1948: Democrat, Harry Truman reinstates peacetime draft, this time including medical personnel.

1951: Democrat, Harry Truman signs the Universal Military Training and Service Act, a new draft proposal, into law when the STSA expires.

1969: Democrat, Lyndon B. Johnson, oversees as President the first draft "lottery" since 1942.

(*1973: Republican, Richard Nixon, as he promised during his presidential campaign, signs a bill ending the draft.)

2003: Democratic Senators, Charlie Rangel (D-NY) and Ernest Holling (D-SC) introduce a bill requiring two years military service for every male and female aged 18-26.

2008: President-elect and Democrat Barack Obama and his nominal Chief of Staff, Democrat Rahm Emanuel, propose compulsory "civilian defense force" training and service for all eligible citizens.

That's another two questions answered:  Democrats have supported conscription throughout modern American history.  (A Republican president ended it.)  Recently, Democrats, including our President-elect, have tried to reinstate it, or have stated that they plan to.

So, how do we reconcile this with our understanding of modern American politics?  Aren't the Republicans supposed to be the warmongering fascists?  Don't the Democrats want peace-through-polite-conversation?  Don't liberals have a proven track record of demonizing our military as stupid,  village-bombing baby-killers?

The answer, as always, is that Democrats don't understand basic economics.  A military draft represents an artificial price ceiling on a Soldier's work.  In other words, it forces individual citizens to do something that they would not normally do at prevailing prices.  In a free market during a shortage of some scarce resource (in this case, the willingness of citizens to work as Soldiers), prices rise, increasing supply.  However, the market for Soldiers is controlled solely by Congress, and they must set prices.  When faced with a shortage (which is a function of price, not actual scarcity), Democrats chose, again and again, to use force to compel U.S. citizens to conform to the will of the government instead of the simple solution of paying more so that more individuals would freely choose to volunteer.

Wow - they're starting, and just in time, too.  Just in case The Chosen One loses, we're already seeing the, "Republicans stole the election!!" news coverage.  This one is especially marvelous:

http://www.miamiherald.com/news/politics/AP/story/754952.html

The title is what did it for me:

"Computer expert denies knowledge of '04 vote rigging in Ohio"

Seriously?  Don't idiot journalists know that we're on to their rhetorical tricks yet?  Here, lemme write a few headlines that, while (probably) true in fact, would "imply" a totally different story:

"Obama denies that he murders homeless people for fun."

"Biden denies stealing taxpayer money for personal uses."

"Pelosi denies that she is an active member of the Communist Party."

"Barney Frank denies receiving over $10 Million from Franklin Raines in exchange for protection from regulation."

...

Hey, mainstream media, when did you stop beating your wife?

Under Clinton, responsible lenders were accused of discriminatory practices, such as "profiling," and "redlining."  Clinton's own pitbull (sans lipstick), Janet Reno, threatened U.S. Justice Department investigations of lenders who didn't ignore their statistically-based, time-proven lending criteria.  So they did what Democrats forced them to do and loaned money to people who might not be able to pay it back.

When the failure of a critical mass of those people to pay back the money these beleaguered financial institutions loaned them under duress caused a worldwide economic meltdown, Democrats claimed it was the greed of the lenders (not the fact that they, themselves, had threatened them to lend, "or else") that caused the problem.

So, now, lenders are being more cautious about who they lend money to.  Even credit card companies are reticent about handing out credit cards, and some have started to reduce credit limits of their existing customers.  This is a good thing, right?

Not according to NPR:  Their spin on a resurgence of responsible lending practices is that these companies (who have been burned twice already) are, 'engaging in credit-line profiling.'  (Emphasis mine.)

This is a partial transcript of a NPR story from today about this horrible practice of "predatory responsible lending":

Dennis Perry lives in Lacome, Louisiana ... At the beginning of this year, he had a credit card with a $40,000 limit.  Then he says it was cut to just above what he owed:

"And then I paid it down to about $32,000 and they dropped my credit limit again, to $33,200 now, this time."

Perry says the company told him it didn't want him to get into trouble.  But he feels like he's just being 'chased down.':

"Lemme ask you this:  What is my incentive to pay down my credit card now?  If I make extra payments to bring down my balance, what's going to happen?  They're going to penalize me by, um, dropping my maximum!  You know what I mean?"

Consumer advocates say that this practice of 'following customers down' as they trim their balances is unfair.

I don't know anything about Perry, except what he said in this brief interview.  But based on his understanding of economic "incentive," I wouldn't loan him a dollar!  If the fact that he borrowed money that he agreed to pay back isn't incentive enough to, well, pay it back, then I pity the people he owes!

This NPR story tries to make credit card companies look like the bad guys for lowering credit limits, and making rational judgments about extending credit, calling it "credit profiling."  How far behind can accusations of "racial-credit-profiling" be?  How long before these lenders are called "predatory non-lenders?"  Let's take a look at the Democrat "narrative" on lending in recent history:

1993:  "You're not lending money to these people, and it's because you're racist.  Lend money to them or we'll 'investigate' and legislate you into the ground.  Your intolerance is causing so much suffering!" 

2003-4:  "There's nothing wrong with our system of lending money to those who those intolerant, short-sighted lending institutions wouldn't lend to.  It's all sound."

2005-6:  "Why are you so worried?  There's nothing wrong with our government influence on the lending market!  Who cares that nobody's seen their books in decades?  We trust them!"

Mid 2008, post Fannie-Mae/Freddie-Mac meltdown:  "You're so greedy, for lending money to these poor people who couldn't pay you back!  Your greed caused all our problems!"

Now:  "Why aren't you lending money to people?  You're profiling based on credit-worthiness!  How non-progressive of you!"

Seriously?  We've been through this, we know how it ends, and we're still, in fact, dealing with the consequences!  We haven't even had enough time to fix the problems that Democrats have caused, and already, the fringe media is crying, "Discrimination!  More credit!"

I understand that history, for most libs, begins "this morning," but this is ridiculous, even by their own standards.

American liberal Democrats adapt quickly, I'll give them that.  Ever since John Edwards was effectively laughed off the stage in 2004 during a Vice Presidential debate, where Cheney schooled him on why it's a really bad idea to increase taxes on small business, Obama and leading Democrats have modified their talking points in an attempt to obscure their Marxist (yeah, I said it) ambitions.

Unfortunately for them, anyone who pays attention to recent history can easily see through their laughably transparent facade.  Even worse, anyone who's paid attention to actual history (you know, all that "old stuff" that happened, like forty or fifty years ago) knows what happens to nations when they use Obama's proposed economic policies of, 1) income-quintile-based (i.e. "Class"-based) antagonism and, 2) "spreading the wealth."  The most recent and spectacular failure of a nation run by Obama's proposed policies would be the USSR, who managed to, in total, starve and/or murder over 100 Million people in the name of "equality" and "fairness" before it imploded.

In fact, to observe great examples of the ongoing collapse of Socialist-run economies, one has to look no further than western Europe, where citizens die of cancer while waiting to see doctors thanks to "Universal Health Care."  Entrepreneurs limit themselves to maybe one or two employees at best (if any at all) because if they earned any more, it'd all be taken away in taxes.  Your ability to get and keep a job is based not on your ability to create value, but on your ability to charm individuals on the local Works Council (these are common in European nations, especially Germany - think Labor Unions, writ large) into liking you, personally, enough to give you favors.  This is not ancient, irrelevant history.  These are current events, and they are evidence that the modern American left's plan of "Spread the Wealth," and their focus on "fairness," and "equality of outcomes," leads to personal suffering, economic stagnation and national despair.

Early in the presidential race during his appearance at Orange County's Saddleback Church, Obama was asked to define "rich."  Without hesitation Obama said, "I would argue that if you are making more than $250,000, then you ... are doing well.”  Obama, in effect, declared that there is such a thing as "enough" money, that he knows exactly how much "enough" is, and God help you if you make more than "enough."

When it was pointed out that taxing those Obama felt were "rich" would hamstring our economy because most of those individuals were actually small business owners (the creators of 70-80% of new jobs), Obama enlightened his narrative to say that his tax plans would only tax the upper 5% of "small businesses," leaving the less successful 95% relatively tax-free.  When it was pointed out that the upper 5% of those small businesses were the ones that created the vast majority of new jobs and that Obama's policies regardless of their sophomoric number-mangling, would still hamper America's economic growth, the left reacted strangely.

Rather than providing further enlightmenment of the Obama narrative, the Democrat Party Official Press Office (i.e., ABC, CBS, NBC, CNN, MSNBC, the Associated Press, Reuters, The View, The New York Times, etc.) claimed that Obama's detractors were accusing him of being a Socialist.  The American Socialist Party immediately declared that, despite the fact that Obama's economic policies are manifestly Socialist, Obama isn't a Socialist.  (Oddly enough, according to their statements in the article, they're all still voting for Obama).

How remarkable is it that when we as a nation have finally muddled through Obama's smokescreen to expose him for the Socialist he is, we start hearing claims from the mainstream media of "Red-baiting?"

To the uninitiated, the accusation of "Red-baiting," is the last-ditch defense of Socialists.  Once you've managed to reduce their convoluted words and speeches to their actual ideology, and realize, "Wait a minute...  This system of economics is fundamentally flawed.  I can explain why.  In fact, I can not only explain the flaws in an abstract manner, I can also provide recent concrete historical evidence that 'Spread the Wealth' policies just don't work, like in the Soviet Union, Cuba, Venezuela, China..." you're guilty.

The Obama political machine's current denial of Obama's naive Socialist tendencies is, "Oh-ho-ho, certainly nobody could possibly support a Communist economic policy.  Even though Obama's economic policy appears to be the same in nature, it's actually more, like, totally Change-oriented.  If you point out the fact that Obama's totally Change-oriented economic policy is actually just a rehashed, revamped version of Socialism, then...  Well, you're clearly anti-Change."

As a rose by any other name would smell just as sweet, a Socialist by any other name would govern just as badly.

Let me ask all you McCain supporters out there a few questions:

1) Do you support McCain, even though he supports abortion rights, including partial-birth abortion?
2) What do you think about McCain's policy of imposing a strict timeline for the withdrawal of our troops from Iraq, and the fact that he opposed the surge?
3) What do you think about McCain's choice of Joe Biden for Vice President?

...

I'm going to guess that you're shaking your head in confusion.  Fear not, there was a reason for those questions.  Here it is:

As far as talk radio goes, I love listening to Howard Stern almost as much as I love listening to Rush Limbaugh.  I came across an audio clip from the Howard Stern show where they interviewed people who support Obama.  But Howard's correspondents pulled a little trick during their interviews:  They replaced Obama's policies with McCain's, and asked if Obama supporters support them.  They even replaced Obama's Vice Presidential candidate with McCain's, and also asked if Obama supporters support her (yes, "her!").

You would think that a person who said, "I support candidate X because I agree with their policies!" would know what those policies were.  You would think that a person who supported a particular candidate would know who their Vice President was going to be.  But if you applied this litmus (i.e., "idiot") test to the supporters of Barack Obama, you would also be wrong:

Hear for yourself.

I don't know exactly how to react to this.  Apparently, Obama's supporters don't care what Obama does, just so long as he's elected.  I'm guessing that Obama voters like this would go into a McDonald's and order a Personal Pan Pizza with a side order of Nachos BellGrande, and then wouldn't complain when they get a Big Mac with fries.

...

All joking aside, the downfall of modern American conservatism is the fact that modern American liberal ideology (i.e., the repackaged, slickly-marketed remnant of Global Communism), is more easily communicated due to the fact that it's primarily emotion-based, and doesn't require a lot of (or any) thinking.  It would be easy to redirect our efforts towards "repackaging" conservatism in a form that's more easily digested by the 30-second-sound-byte crowd, or "marketing" conservative messages targeted at various demographics.

But the core values of modern American conservatism require respect for free thought and rationality - in other words, "Make up your own mind!"  In order to replicate the Hollywood-style success of the Obama campaign, we'd have to ignore the very principles on which our nation was founded.

I'd rather we lose an election than win one by tricking people into voting for us.

If I were a friend, associate, or colleague of Barack Obama, I'd be getting pretty nervous by now.  Obama's established a track record of throwing his former comrades under the bus when their illegal, unethical, murderous, or just plain embarrassing behavior becomes known.

He threw his pastor and spiritual advisor, Rev. Jeremiah Wright under the bus when it became known that Rev. Wright was a crazy person.  He threw his mentors and associates like Bill Ayers and Frank Marshall Davis under the bus when he realized that not everybody was "cool" with murdering American citizens to further Marxism.  Bernie Sanders, a Socialist endorsed by Obama, better watch out - he's probably next.  Saul Alinsky is dead, so I guess he doesn't have anything to worry about. 

The organizations that worked hand-in-hand with Obama during his nascent political career like Project Vote and ACORN were handily tossed under the Obama bus when the public learned that they used unscrupulous tactics like voter fraud and frivolous litigation to further their goals.  But it was a little more difficult this time.  Unfortunately for Obama, his ties to these irresponsible, unethical organizations like ACORN and Project Vote ran too deeply to simply deny his involvement, so he resorted to lawyering the facts:

Obama's campaign website claims that he was never a community organizer for ACORN (true - he just trained ACORN's community organizers).  His website claims that ACORN was not part of Project Vote (which has also been implicated in voter fraud) - true, but in Obama's own words:  "Even before I was an elected official, when I ran Project Vote voter registration drive in Illinois, ACORN was smack dab in the middle of it." 

Sorry Project Vote and ACORN, under the Obama bus you go.

He even threw his campaign slogan under the bus.  If he hadn't picked a new one already, I was going to suggest, "Hope, Change, I never said that, I never knew that guy, and I never worked for that organization."

The saying goes: "Tell me who your friends are, and I'll tell you who you are."  No wonder Obama has been so busy denying his past.  His "friends" were far-left radicals with utter disregard, and in some cases blatant hatred, for American society and the principles on which it was founded, and the willingness to unrepentantly murder, lie, and break any rule to get what they want.

If we were to believe his claims, Obama must be the unluckiest man alive:  "Wow, I'm just now finding out that my pastor was a crazy bigot, my friends were terrorists, my mentors were Communists, my realtor was a criminal, my political benefactors were fraudsters, the organizations I worked for perpetrate voter fraud, and all along, I had no idea!"  If Obama truly rejected the ideology and methods of all the associations he's discarded, he probably would have run as a Republican, for crying out loud!

But unfortunately for the Democratic Party, and even more unfortunately for the American people who haven't seen past his charade, Obama's just hiding who he really is, and what he really believes.

A recent Time magazine article had this to say about the Fannie Mae and Freddie Mac financial meltdown and bailout:

"Devastated by a legacy of bad management, rampant fraud and inept Government supervision ... had fallen into insolvency as of the beginning of last year. Because the U.S. failed to own up to the problem and launch a major rescue soon enough, the cost has now grown higher than almost anyone had imagined. Says Michigan Democrat Donald Riegle, chairman of the Senate Banking Committee: "We've never faced a problem of this scale. The answers aren't going to be happy ones." Last week President Bush came forward with a long-awaited bailout plan in which he sought to spread around the unhappiness in an evenhanded way. Said Bush: "Nothing is without pain when you come to solve a problem of this magnitude.""

The cause of this crisis?  Inappropriately risky investment in housing loans and other real estate, allowed by lack of government oversight of the accounting practices of the companies at fault.  A number of U.S. Senators had received contributions from the companies in question, and that was thought to have influenced them to oppose regulation.

...

Actually, that's a quote from a "recent" Time article published in 1989 in the wake of the S&L scandal.  After the collapse and bailout of the S&L industry, and the imposition of regulation and oversight of accounting practices that would prevent future harm, guess who stepped in to take over?  If you guessed Fannie Mae and Freddie Mac, go to the head of the class.

Now, you'd think that we would have learned about letting big segments of the financial industry conduct themselves with little-to-no oversight, but Fannie Mae and Freddie Mac's status as Government Sponsored Entities guaranteed no governmental oversight.  Democrats, such as Maxine Waters (D-CA), Gregory Meeks (D-NY), Lacy Clay (D-MO), Artur Grey (D-AZ), and Barney Frank (D-MA) defended Fannie Mae and Freddie Mac famously in hearings in 2004.  They were "pissed off," called the hearings a "lynching," and insisted that there was nothing wrong with the conduct of Fannie Mae and Freddie Mac.  If you watch the video, you'll see Democrats accusing Republicans of calling for oversight as "looking for an excuse" to shut down FDR's pet project.

Given our recent history of massive failures in this very industry due to fraud and misconduct, you'd think that our legislators would have been thinking, even the Democrats, "Huh...  Something about this seems kinda familiar...  Maybe we should check into it."  But no, this time it was different, because these GSEs were created with the intent of providing "affordable housing," in the form of affirmative action-style lending.  And then again, four of the "Keating 5" were Democrats, so maybe they suspected where the trail would inevitably lead this time around, too. 

To put this in perspective, the "Keating 5" received around a total of $1.3 Million, while the "Fannie and Freddie Three-Hundred-and-Fifty-Two" received just under a total of $5 Million.  209 were Democrats, receiving total contributions of about $2.8 Million, and 143 were Republicans, receiving a total of around $2.0 Million.  The S&L bailout cost taxpayers just over $100 Billion, whereas this mess is going to cost us seven times that.  I guess Frank Raines knows how to make smart investments after all.

At this rate, the next Democrat-caused financial sector scandal should cost us a trim $4.9 Trillion.  German philosopher Friedrich Hegel was right:

"The only thing we learn from history is that we learn nothing from history."

The cause of our current financial crisis is not complicated.  Aside from holding our money safely, banks provide another service:  They rent you something you don't currently have (money) so that you can do something of value with that thing (like buy a house), and charge you a nominal price that you agree is worth the use of that thing you don't currently own.

A lot of other companies provide services like that.  Blockbuster Video is one.  Hertz Rental Cars is another.  Have you ever lived in an apartment?  If so, you've done business with an entity like this.  Their business model is equivalent to that of money-lending institutions:

1)  We give you the use of something for a period of time.
2)  You agree to return that thing to us after that period of time is over.
3)  In exchange for the use of that thing, you agree to pay us for its use.

Now, if you've ever rented a movie, or a car, or lived in an apartment, you know that the renters in all of these cases have established mechanisms to ensure that if you're unable to return whatever it is you've borrowed from them in the same condition you got it (or at all) that they won't lose the initial value of whatever they've given to you.  They all require you to provide means by which they can recoup their losses if you don't return what you borrowed in the same condition it was when you got it (or at all).

But the key difference between the "rental agencies" we've probably all dealt with and banks is that the means by which the "rental agencies" recoup their lost value in the event that you fail to return their property is that they receive money from you to replace the value of the thing they lost, which you freely agreed to pay if such a situation arose.

Unlike Blockbuster or Hertz, banks "rent" the use of money itself, and so they must protect themselves against the risk of a borrower's inability to return what they've lent in a slightly different way.  If an individual that's renting the use of money from them can't return that money (or pay for its rental fees) according to the agreement they both freely agreed upon at the loan's inception, what can the bank do?  Charge them a "late fee?"  Charge "penalties?"  If a borrower can't return the actual money they've rented, then why would it be reasonable to expect that they could somehow magically give you money as a penalty for not being able to give you money?

So ask yourself this:  If you were in the business of "renting" the use of money, how would *you* solve this problem?  In fact, given this fundamental problem of renting the use of money, why would *anyone* do it?

The answer is simple:  If you only rent the use of your money to people who will pay it back, plus the rental fees, you can benefit both yourself, and your renters.  So the ideal solution is to only rent money to people who will pay it back.  Unfortunately, to do this perfectly requires the ability to see the future - will the person I loaned money to pay it back?  But banks and other lending institutions have been doing this for centuries, and successfully!  How do they do it!?  Is there some magical Banker's Eight Ball that provides them the answer of who to lend money to and who to deny?

Well...  Yes, kind of.  It's called statistics.  Using the constant, ongoing accumulation of historical data, banks had somehow managed to figure out, based on an individual's income, assets, and their personal history of success or failure at paying back debts, the likelihood of that individual's ability to pay back the loan for which they were currently applying.  Since there were no other means of recouping their losses if the recipient of a loan defaulted, banks were necessarily careful about the people, families, and corporations to which they agreed to lend money.  And everything was right with the world.

Enter the Democrats. 

Noting that a higher percentage of white loan applicants were approved than black loan applicants, Democrats cried "Racism!" and demanded that the system be overhauled because it discriminated against minorities (except for Asians, who were approved for loans at a higher rate than any other ethnic group, including whites), ignoring the banks' claims that they gave loans to the people who were statistically more likely to be able to repay them, and that that was the only lending criterion that the loan industry could obey if it were to survive.

Ignoring reality, Democrats declared the socially and economically responsible business practices of lending institutions to be "racist discrimination," and hollered that "The Government" needed to step in to rectify this cosmic injustice, and provide "affordable" housing to everyone.  And it did.

Through threats of violence (Janet Reno and the Clinton Justice Department threatened banks with Federal investigation if they didn't meet racial quotas for lending), and promises of money (Democrat legislators ensured that Fannie Mae and Freddie Mac would be required to buy mortgage-backed securities from banks, regardless of the abilities of the borrowers to return the rented money), Democrats meddled with the inherently self-regulating nature of the market.

In order to illustrate the absurdity of the Democrats' plan, let's see what would happen if, say, Blockbuster Video were subjected to the same sort of artificial market manipulation:

To get a membership at Blockbuster video, you have to provide them with the assurance that, if you fail to return a movie, that they can recoup the cost of replacing that movie.  The way they do that is by requiring you to give them access to your personal assets through a debit or credit card account number. 

But let's say that the Government decides that this practice is somehow "Racist" or "Discriminatory," maybe because not everyone has a bank account or credit card, and to fix the "problem," they decide that they'll provide a "guarantee" for every Blockbuster Video renter who can't otherwise provide sufficient guarantees that they'll return the movie, so you don't have to worry about the risk of not having movies returned.  In other words, if a renter doesn't return a movie, we'll pay you for it, guaranteed.

Given these conditions, why wouldn't Blockbuster Video just give away their movies to whoever wanted them?  They'd be stupid not to take advantage of it!  Just like banks would be stupid not to give loans to, well, pretty much whoever had a pulse and walked through their front door, since Freddie Mac and Fannie Mae were legally obligated to buy that loan from them.

...

OK, so back to reality, just like you might have expected, a lot more people freely chose to not "return their movies" (in other words, "Pay their mortgage") than Democrats predicted, and so we Americans are now the proud owners of a lot of empty promises.  Unfortunately, empty promises aren't returned DVDs, and they definitely are not Dollars.

So who's to blame?  Irresponsible individuals who entered into agreements they couldn't fulfill.  Democrats who didn't trust banks to decide for themselves about who to lend money to (this includes Obama).  Democrats who voted to artificially manipulate the market (this includes Obama).  Democrats who obstructed efforts to stop the madness through regulation (this includes Obama).  Politicians who were bought and paid for by the fraudsters who benefited from this failed socialist Democrat experiment at manipulating the free market (.... Dum da da DUMMMM! : Obama).

But ultimately, we're all to blame.  If you're in personal debt now, you're part of the problem.  If you've declared bankruptcy, you're definitely part of the problem.  If you're losing your home to foreclosure, you're part of the problem.  Bottom line: If you don't have control over your personal finances, you're part of the problem.

Another key part of the problem is that we've given "Government" leeway to be irresponsible.  That's not OK.  The laws of economics apply just as surely to the budget of the United States of America as they do to the budget of John Smith of Peoria.  There's no free lunch, and you shouldn't buy things you can't afford.

We must elect representatives that understand this.