Saturday, October 11, 2008

Who Would You Rather Rip You Off

The Obama campaign has an ad suggesting that once he's in power we won't have oil companies or bankers ripping us off anymore. It just makes me all warm inside knowing that Barack is taking a personal interest in our economic well being. That he cares and is looking to change the system and address past offenses.

Of course it would make me feel a whole lot better if in addition to caring and offering "change" he actually understood what the hell he was talking about and wasn't offering to simply enhance the ripping off process.

Obama is right on when he points out that the bankers ripped us off. Of course since Barack is buddies with many of them and either takes their advice or their money, you'd have to figure he knows a little something about how the process works. The folks at Fannie Mae supported billions of dollars in bad loans, knowingly cooked the books to provide a distorted view of their operations, gave millions of dollars in bonus to people who did not deserve them, and stuck the American tax payer with a HUGE tab. To bad Obama didn't exercise any of his concern in his role as Senator to prevent the fleecing of America.

WAIT!!!

The reason that he didn't do anything about this travesty was that he actually favored Americans getting ripped off. It was good for his buddies, good for the policies and organizations he believes in, and matched his beliefs on exactly what the role of government should be.

This is really the core of it. We weren't just ripped off by the bankers. We were ripped off by the Democrats policy of giving loans to people that couldn't pay them back and ripped off by the people that borrowed (read stole) the money that they knew they'd never be able to or have to repay.

When Barack Obama moves from being a Senator to being President this is exactly the kind of policies we should expect. A President that cares enough to spend your money on policies and programs that we can't afford without regard for the people that will be writing the check. I feel better already.


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