Saturday, October 24, 2009

Democrat Socialist Politicians - What Hypocrisy

Call me a glutton for punishment; but as a political junkie, I actually watch House and Senate Hearings and other Obama Administration Czars on C-Span late at night. Since these Committees are all headed by Democrat Socialists and many of Obama's Czars are outright Socialists or even Communists, it is pretty tough to keep my blood pressure under control as I listen to these hypocrites go on and on about the evils of American business and businessmen who have created the "financial crisis". Of course, there is never any mention of the failure of government to properly regulate Wall Street, Fannie Mae or Freddie Mac. There is never any mention of the "Friends of Angelo" the CEO of Countrywide Mortgage, who gave home loans to members of Congress, like Democrat Socialist Senator Chris Dodd and others, at favorable mortgage interest rates as a pay off to look the other way related to sub prime mortgages. And, there is also no mention of the millions of dollars in campaign contributions that went to candidates like Democrat Socialists Barack Obama, Chris Dodd, Chuck Schumer and Barney Frank from Fannie Mae and Freddie Mac to prevent regulation that was recommended by President George W. Bush. And then, there is the Federal Reserve that provided cheap money for years to fund all the sub prime mortgages.

What incredible hypocrisy!! These Democrat Socialist hypocrites lecture American businessmen for causing the "financial crisis" when they were intricately involved in this mess. And so now they want to regulate the salaries of executives at companies that received TARP money like AIG, Citibank, Bank of America, Wells Fargo, GM, GMAC and Chrysler, which I suppose is ok because the government is the primary shareholder of these companies. However, providing compensation plans of very low base salaries and stock payable years from now will only result in a mass exodus of talent from these companies making it harder for the government to achieve repayment of the loans provided to these companies. This vindictive scheme will back fire. It is interesting that Obama is not attempting to control the salary of Jeffrey Immelt the CEO of GE that has driven GE into the ground; but is a big Obama supporter. GE got TARP funds to bail out GE Financial. GE also happens to own NBC, the left wing news outlet that blindly supports Obama. Do you think there is a connection? Forget about GE, Obama wants to go even further and regulate the salaries of more than 5,000 other financial institutions that received no TARP money at all. The reality is that compensation should be governed by the Boards of Directors of those companies and or their shareholders not BIG OBAMA SOCIALIST GOVERNMENT. What Obama is proposing amounts to nationalization of these companies and it is a slippery slope.

All of this aside, remember President Obama has never managed any public or private enterprise. Obama has NO business experience; yet he believes he is in a position to manage complex global companies when he have never even managed a 7/11. And, Democrat Socialist politicians and Republicans have bankrupted Social Security, Medicare, Medicaid, The Post Office, The FDIC, Fannie Mae, Freddie Mac and Amtrac. Yet these incompetent buffoons have the audacity to lecture American businessmen about their compensation packages and perks. Many of these politicians should be in jail for what they have done to the United States. If any business had a balance sheet like the US balance sheet, its management would be put in jail. In China, politicians that have betrayed the country the way our elected representatives have betrayed and bankrupted our country would be executed. I have got to stop watching C-SPAN because all it does is aggravate me. When I see these Democrat Socialist politicians on TV, I realize how important it is that we have Constitutional Amendments specific to Term Limits, a Balanced Budget and Limitations on Federal Taxing Authority. These amendments are the only way to stop these corrupt politicians from bankrupting our country. We have to stand up and take our country back for the sake of our children, grandchildren and all who have fought and died for the United States. Our soldiers are overseas fighting to protect our freedoms. We have to fight within our country to protect our freedoms and the battle here is just as critical as the battle overseas. The elections in 2010 and 2012 will be our battleground.

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