HONK! If you’re paying my mortgage?? The Tennessee GOP releases a bumper sticker that says just that, BUT I think that is wrong. So I’ve taken the liberty to correct it.
The TNGOP Original
My corrected version of this bumper sticker …
My corrected version.
With all respect to the TNGOP … I think you got it backwards.
More tricks from the great illusionist! Have you gone to www.recovery.gov? Have you seen the illusion? Well here it is …
So what’s the illusion? Look at the size of the bubbles, see how BIG the tax relieve bubble is? See the little asterisk (*) next to it? Ok note everything that includes and does not included in it’s own little bubble, because most of these are tax reliefs that you will never see and will never benefit you. As they are already sliced off the sections already listed … it’s an illusion, it’s only there to be a visual illusion to make you think it’s much bigger than it actually is, it’s just a trick.
Let’s look at what the asterisk means …
* Tax Relief – includes $15 B for Infrastructure and Science, $61 B for Protecting the Vulnerable, $25 B for Education and Training and $22 B for Energy, so total funds are $126 B for Infrastructure and Science, $142 B for Protecting the Vulnerable, $78 B for Education and Training, and $65 B for Energy.
State and Local Fiscal Relief – Prevents state and local cuts to health and education programs and state and local tax increases.
Looks like we need to redo the bubbles …
See it’s an illusion, it’s not real, it’s flim-flam. It’s set up for you to think “WOW look at all the tax relief for us!! Thanks Obama!!” And the asterisk is written in such circle talk (maybe that’s why they used circles) that it’s difficult to see who gets what.
Quote – “Tax Relief – includes $15 B for Infrastructure and Science, $61 B for Protecting the Vulnerable, $25 B for Education and Training and $22 B for Energy, so total funds are $126 B for Infrastructure and Science, $142 B for Protecting the Vulnerable, $78 B for Education and Training, and $65 B for Energy.”
Ok 15+61+25+22=123 … $123 B how do you get $126 B? And where the hell is the $288B do I subtract the $126 B or the $123 B from the $288 B? If I do I’d get $162 B or is it $165 B and what is that for? Is that the real tax relief is that State and Local Fiscal Relief not listed elsewhere? Is it the State and Local tax relief? What’s left for you? Why $13.00 is your slice of the pie chart. And what is $8B in “OTHER”?? I seem to remember a there is a choo-choo train Dingy Harry Ried wanted that cost what? $8 Billion bucks.
Well it’s BS, you’re getting $13.00 a week starting on April 1, 2009 and that amount starts dropping to $8.00 a week by January 2010. Don’t be fooled by Obama’s charts and graphs you need to read the fine print … you know that stuff the people we are bailing out of their mortgage didn’t read.
And they have put Joe “Plug’s” Biden in charge of this “recovery” … to see what a pure genius this clown is see this post.
Yes we have a verbal magician in the White House, a linguistic acrobat. Another politician pulling BS out of the hat he’s Barack Obama – The Great Illusionist and sadly he’s here for a four-year engagement. I’ve been pointing this out for quite a while now, but let’s review.
As I’ve pointed out before Obama said his stimulus plan “will create or save” three million jobs, this number has been adjusted down with every speech from the first stated six million to today’s three million. But the trick in what he says it not just the adjusting down of the expectation but also the injection of the word “save” or “preserve” this is the magic word as it is extremely difficult to calculate just how many jobs have actually been saved, so Obama or his people can make any claim they want and prove nothing.
Obama repeatedly talks about the debt he “inherited”, Obama says this over and over and over, ad nauseum. This is an old advertising trick; if you say something enough repeatedly people will remember it. Think about that the next time you hear a commercial and they repeat the phone number 4 or 5 times, you’ll remember it. So this is Obama trick he repeats that the debt was there when he arrived, but he conveniently forgets to point out the nearly $800 billion porkulus package, $75 billion mortgage bailout, $200 billion Fannie May/Freddie Mac prop up and a bunch more, this is debt he stacked on top of the debt he did inherit, which was nothing compared to what he created.
Obama inherited about a $400 billion dollar debt from Bush, Obama has been on office 5 weeks and it’s now $1.5 TRILLION debt … that’s Trillion with a “T”! In 5 weeks he’s ran up a $1,100,000,000,000.00 … 5 WEEKS! That’s a trick.
Obama also babbles on about “the worse economic crisis since the great depression” well it’s not. This is primarily designed to not blame one of his hero’s Jimmy Carter who fathered the recession of the late 1970′s, early 1980′s, it is also to set the bar as a barometer to compare his poor economy too and if it gets worse than Carter and it looks like it will, he can stay on “the worse economic crisis since the great depression” message. Basically he is once again trying to cover his ass at the expense of the truth.
During the campaign Obama talked about transparency, about how all bills would be posted online for 5 days, which was reduced to 2 days after the election and in reality was ZERO days after he took office. But don’t worry, Obama keeps pumping the word “transparency” over and over again and he thinks that if he says it enough you’ll believe it. So far I haven’t seen any transparency, so it must be so transparent that it’s well … transparent, much like Obama is himself. However, what I have seen is shell game and you can’t find the pea.
Today he has pulled another hat trick with his “Fiscal Responsibility Summit” Obama said …
Today I hope that all of you will start talking with each other and exchanging ideas. I want you to question each other, challenge each other, question me and my teams, challenge us, and work together not just to identify problems, but to identify solutions. That’s the purpose of the breakout sessions that are starting right now. I know that each of you bring a wealth of experience and expertise on a broad range of topics. I appreciate your willingness to participate in these sessions. I expect that this process will be engaging and productive, and I look forward to hearing the results when you report back later this afternoon.
Later this afternoon? He said this around noon, is he serious? It doesn’t take a genius to know you can’t fix the federal budget in 3 hours, but somehow Obama thinks you can? Somehow, someway in three hours, 130 people were going to solve all the countries economic whoa’s in three hours. Do you believe that? Clearly the guy has no concept of how group dynamics work. Tell me, please somebody tell me when has government ever done anything in three hours? Better yet completed it effectively, not that government has ever done anything effectively at all. To top that off the very people that are destroying the economy are the ones in charge of fixing it, this is nothing more than a PR stunt to give the mainstream media and the Obamabots something to fawn over. Perhaps the lib’s and MSM is buying it, but the market isn’t as it took another dump today of 250 point down on the Dow. He passed the largest most fiscal irresponsible bill in history and then holds a Fiscal Responsibility Summit? Surely this is a joke.
Now he’s talking about PAYGO (Pay As You Go) like he invented it. Sure it easy to talk about PAYGO after you runs up the large debt in the least amount of time in world history. (History reminder, Pelosi said the congress was going to use PAYGO in 2006 .. didn’t happen.) I’m sorry, I can’t help but find this sad and hilarious at the same time, in 3 hours and Obama and his little groups are going to fix the largest economy in the world lickity-split? Please, pathetic.
It might be worth noting that the president of fiscal responsibility still has unpaid bills from his campaign, more in that at here.
This guy is a one trick pony, and hopefully a one term President, he has no idea what he is doing and is running around the country trying to look Presidential. He’s grasping at straws and grabbing at the air, he is in my opinion completely clueless. He talks and talks and never says anything, he leaves more back doors open than Al Capone, another Chicago thug. Remember it was Obama who said in the campaign … “just words”, just speeches” and that’s exactly what he says now “just words” and “just speeches” with little to no value at all. As Abraham Lincoln said, Obama’s hero … “You can fool some of the people all of the time, and all of the people some of the time, but you can not fool all of the people all of the time.” I’m not fooled, are you?
UPDATE: How did I forget this, Obama babbled about being Mr. Tough Guy on pork and earmarks during the campaign. Obama said and I quote “And when I’m president, I will go line by line to make sure that we are not spending money unwisely.” Well you know how much pork was in the Porkulus Package and now I find there is over 9000 earmarks in the budget plan? Here is hillstfr on Twitter, they are compiling as they find them … take some duct tape.
He managed to fool over 60 million people in 2008, I don’t think he’ll be so convincing in 2012.
Why should you be responsible? What’s the point? Why try? We live in a country where you get a ribbon and a trophy for coming in last place. Some schools have done away with grades because it might hurt the child’s psyche if they should fail. Now how they ascertain if the child passes or fails, I have no idea. Is there no more ill consequence for poor or bad behavior? You can’t even win in high school sports without losing, if you remember the basketball story. This is the absurd garbage we’ve been teaching kids and now we’re teaching adults the same thing. We’re teaching them that it’s ok to come in last, you’re still first in our book. That’s the message from the government on the mortgage bailout.
I mean really why do you and I pay our mortgage, if you have one or two or three? Why pay it? What’s the point, it seems there is not failure in failing anymore. You scrimp, you save, you do without to get enough money to buy a nice house, something you can afford then you scrimp, you save, you do without to make the payments and keep it up. Then along comes the sub-prime lending, 110% and 125% mortgage value loans, Zero down, no credit, bad credit loans and the Fed forcing banks to give loans the the economically challenged (i.e. POOR/bad credit) because it’s not fair that only people that can afford a house can buy one. As a result the property prices in many portions of the country go through he roof giving rise to house flipping, over buying and over reaching, even a few TV shows. Now I know I’m simplifing a rather complex issue and if you are reading this, odds are I don’t need to explain to you how this whole fiasco started. (Think Democrats blocking re-regulation.)
The short it is rather easy, the Obama led government is encouraging bad behavior by creating a no consequences culture with the bailout of mortgages. Here’s how it’s going to work, again simplified.
Bankruptcy judges will reduce the value of mortgages, this is known as a cram-down, and gives participants up to $1,000 a year if they make their mortgage payments on time. I ask you, have you made your mortgage payment on time? Did you get a $1000 a year for doing what you should have done anyway? Likely not. Well we get a slice of the pie if the bad debtor sells in a few years for a profit? Will they pay back the money that was given to them and taken form us? Don’t hold your breath.
Also according to the plan it “will provide a monthly balance reduction payment that goes straight towards reducing the principal balance on the mortgage loan. As long as the borrower stays current on his or her payments, he or she can get up to $1000 each year for five years.”
That $5000 straight off the bottom line, straight to principle all at the expense of the tax payer. So I wonder if I travel are they going to be required to house me? After all I helped pay their mortgage, seems I should get to stay at their house if I choose, I own part of it and you do too.
The plan also includes a one-time $1,500 payment to mortgage holders who modify loans for borrowers who are still current on their payments, if the borrowers are determined to be “at risk of imminent default.”
Financial institutions also will receive an up-front $1,000 payment for each modification they perform, with an added $1,000 yearly bonus for three years for every borrower who stays current on their new mortgage.
This is money paid directly to those financial institutions that made the bad loans for modifying the loans of those the can’t repay their loans … is you head hurting yet? I bet your wallet is. Why don’t I go crash my car into another person’s car and then make to owner of the other car buy me a new one, that makes sense doesn’t it???
The cost of this plan in addition to the the hundreds of billions already spent is $75,000,000,000.00! This is your money that is being given to reward those that failed to do the right thing. If effects about 7% of all mortgage holders, meaning that 93% of Americans are flipping the bill for the 7% that failed. Now to be fair, there are those that bought what they could afford and perhaps lost a job, a spouse died, serious illness, they have a legitimate reason for there problem, but there are a lot of folks out there the bought McMansions and far more house than they realistic could afford and the responsible is paying it.
So I ask you, why do you pay your bills, seems nothing bad will come from it, sure you say your credit score will suffer, well if the credit market is locked up what difference does it make? Why should you be responsible? Why should you do the right thing if nothing bad will come of it, I mean it’s not like your going to get kicks out in the street … right?
Well I for one have to much self respect and pride to take a handout from the government … then again I bought a house I could afford and live within my means, crazy huh?
Where are the bad mortgages? Looks to be in mostly liberal areas …
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