Skip to comments.The Democrat’s one two punch, bringing America to her knees
Posted on 11/13/2008 5:35:46 AM PST by jmaroneps37
Since the Democrats came to power in 2007 America has had nothing but grief and heartache with a 6000 point drop in the Dow and trillions of dollars of lost home value.
First they hit us with punch one: their phony energy crisis.
Now just as were getting up off our knees from that punch, they have slammed us with a second powerful punch to our mid section: their corrupt Fannie and Freddie mortgage mess crimes that threaten our whole economy.
America is a powerful country. We can take one Democrat punch but maybe not two.
The Democrat line, We cant drill our way out of this crisis has tied us in knots. Todays steady drop in gas prices are beside the point; the damage has been done.
The Democrat contrived energy crisis was punch one and it buckled our knees. Now comes punch two: their mortgage crisis.
Democrats thought they could wait until after Election Day and fix their mortgage mess. Theyve held America hostage to their grab for power. Now it may be too late. The controlled burn they thought they had, is out of control and they might not be able to fix our economy.
The Mortgage Modification section of the bailout bill gives the Treasury Secretary power to reduce not only homeowner interest rates but up to 15% of PRINCIPLE as well!
Americas bankers are now in a bind, but theyre not suicidal socialists. They wont write many mortgages while the Treasury Department has the power to force them to cut PRINCIPLE and market determined interest rates.
Americas banks are the engines of our economy. Our bankers wont follow socialistic Democrats over a cliff. Theyve stopped writing most mortgages because they now have no way to recover on the defaults they know are coming. Wouldnt you?
(Excerpt) Read more at collinsreport.net ...
I don't quite understand that line?
A true energy crisis is a lack of energy, not higher prices for energy. If people want to drive behemoths, they should be prepared to pay the price, not complain about prices while loading up a 22gal tank.
For that part, higher prices are a created sham by the democrats, who block nuclear power and domestic drilling, and are now further targeting coal.
We have all the energy we need, they just won’t let us use it.
You can’t fix something unless you identify who or what was responsible for it in the first place. And since many of the people who contributed to the FM/FM meltdowns were Democrats key to the Obama administration, that will not be done.
I for one, am ready to suck up my IRA losses of 40% +, bail out and convert to gold and real estate. I think the rats are really going to tank us to oblivion.
Thanks for the explanation.
No drilling, no nukes, no coal. They’ve been saying all those things since 2006. I’m wondering if we might not see oil climb back up some when Barry announces his carbon trading scheme and reintroduces the offshore drilling ban.
that makes sense.
“The Democrat contrived energy crisis was punch one and it buckled our knees. Now comes punch two: their mortgage crisis.”
I’m convinced this was a contrived Democrat plan to maximize economic pain for election gain. Schumer’s instigation of a bank run on Indy Mac was a give away of the conspiracy.
The Democrats have committed the most heinous crime ever perpetrated on Americans.
They assured us, that the resulting shambles would bring about the next great conservative revolution.
We got the shambles all right, but somehow, no one seems to make the connection as to who got us here.
If those brilliant peoples* were right, the Dems should be cowering in hidey-holes like Sadaam for fear of the public's retribution.
Instead, they are poised to destroy America once and for all.
Nancy to Barney and Harry, "As long as we control the mediots and so called conservatives*, who suffer from BDS and blame Bush for everything. We, the elite/rich/white liberal criminals in Congress will have no problem destroying America. Just remember everything is Bush's fault! Heh! Heh!"
*The same mentally ill idiots filled with same BDS, cheered Sarah and Johns loss to really teach America a lesson.
don’t forget the Big 3 crisis as a result of UAW and CAFE regulations
Jeez Louise, give us all a break here.
The "trillions of dollars of lost home value" was Monopoly money created by a massively over pumped housing bubble.
There was no more "value" there than there was in the tens of millions lost when Pets.com and eToys went belly up.
At this point I think you might want to forget the real estate and get out of everything other than gold, silver, whiskey, guns and ammo. Oh, and figure out a good way to hide it all.
“The “trillions of dollars of lost home value” was Monopoly money created by a massively over pumped housing bubble.
There was no more “value” there than there was in the tens of millions lost when Pets.com and eToys went belly up.”
Gee I’m sooooo glad you explained that for me. I was under the mistaken impression that real people lost real money and are now suffering real pain. Silly me, I should have known that when people sold their homes they would be laughed at and given Monopoly money. Thanks for the heads up.
One-two punch h*ll. Take a quick look at the dims list of plans for us.
1)Bailouts, 2)Card Check, 3)Fairness Doctrine, 4)Taxes, 5)Conscription, 6)Property seizures (401k), 7)Packing Supreme Court, 8)Socialized medicine, 9)Public disarmament, 10)Ignoring WOT, 11)Crippling military, 12)Worldwide welfare on our dime, 13)Nix on drilling for our own . . . just to name a few.
If they have success with just a portion of these issues, the long lasting impact will be devistating. It is not looking good.
Money that you thought you had in 2005 because your house was "worth" X dollars turned out to be a mythological construct.
So I take back my comment equating house values to Monopoly money. Monopoly money has useful purposes. You can use the back of it for a shopping list, or to jot down a phone number, or use it as tinder to start a fire.
Stupid is supposed to hurt.
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