Barack O'Copy

So it is week number two and I am sweating on an elliptical trainer at the gym over lunch. To pass the 30+ minutes I typically listen to my iPod and watch the news on mute and read the closed captioning.

Today, once again, I saw Barack follow after John McCain, pretending yet again that he is a pioneer. About a week ago today during the debate John McCain was undermined by both Obama and later the press for suggesting that the government should specifically bail out mainstreet by specifically addressing the fact that many Americans are struggling under mortgages that many can't afford. Regardless of what you think about any of the bailout plans there has been a hort-load of speculation about how expensive or unreasonable or redundant a specific mainstreet bailout would be. Now, John McCain is talking about the federal government buying up those mortgages and then, over time, the government makes its money back from the value of those mortgages. The idea is that the U.S. government can wait out a very long term investment a lot easier than banks or home owners.

Now take a look at Barack O'Copy's plan. His answer for mainstreet is to simulate the market and create jobs, assuming that a lack of employment is what is responsible for people defaulting on loans. Next, he wants to block foreclosures on homes where the owner only owns one home, for three months. Next, he wants to give tax-breaks to companies that create jobs here in America. Let's look at what this will do for home owners. Employment might be one reason for defaulting home loans, but we know it is not to blame for variable rate loans from predatory lenders. The three month delay on foreclosures will do just that: delay the foreclosure for three months. If renegotiating loans can't get done in time (this is incredible pressure on a currently stressed out banking system) and jobs are not to blame, or people cannot get jobs quickly enough, then three months is too little too late. Finally, giving companies a tax break sure sounds like John McCain. I think the distinction is that O'Copy only wants to give those breaks to mid-sized companies (not the evil large corporations) ... why????? Oh... My.... Goodness....! Wait for it!? Because tax breaks for companies mean simulating the economy toward growth! Whaaaaat? Wait? Obama said that this is the very exact "failed policy of Bush and the Republicans." Obama!? Isn't this basically the same trickle-down policy by another name? Isn't the net effect the same (lowered tax burden for everyone equaling more jobs!?)

But the bottom line is that companies don't just create jobs so they can get a tax break. There has to be work for those new employees to do. And if those companies could create jobs, and Obama is promising them tax-burden relief for two years, how would that really work? Two years means this whole job creation thing wouldn't kick in quick enough to solve the mainstreet mortgage issue in reality.

Obama is a stinker! But we don't have to be! He is showing his true colors. Taxing the rich isn't our duty. He isn't about justice through taxation, or fairness through taxation, or duty or patriotism! He is simply holding a federal fundraiser for his expensive programs. But once again, in true form, Obama is taking a lesson from the guy who should be president, John McCain, but somehow the ignorant public are thinking that if Obama says it, well... it must be his idea, right?