Obama Doesn’t Get It

So, I’d like to think I’m a man of honor.  Many of you would disagree with that, but here’s my point.  When I take out a loan of any kind, I pay it back, period.  If I run into economic hardship, which has happened, I do the honorable thing and let the person or company I owe money to know about it.  We then work out a temporary fix, and when I’m back on my feet, I resume my normal monthly payments.

It’s as simple as that.

But Obama wants to turn back the clock and allow people to weasel their way out of debts that they’ve accrued.

Barack Obama unveiled a proposal to protect consumers in bankruptcy, signaling the Democratic Party's further swing to the left on economic policy as financial conditions continue to deteriorate.

The presidential candidate's proposals go beyond any comprehensive plans for economic relief floated to date in the Democratically-controlled Congress and show that an Obama administration would make a priority of revisiting the 2005 law that made it tougher for Americans to shed debts through the bankruptcy code.

So, if a company loans someone money for a home, car, or any other reason, Obama wants to make it so that people can weasel their way out of their obligations easier.  How is that fair?

We went through a period of time where people started seeing dollar signs in their eyes and made stupid economic choices.  Now, those choices are coming back to bite them on the ass.  Granted, it’s happening on a much larger scale then usual, but the lesson is still the same.

During the Great Depression, employment was at an all time low.  Literally millions were out of work.  However, those who saved and didn’t make stupid choices were fine.

Do you all even know WHY the Great Depression happened?  It happened because people were buying stocks with money they didn’t have.  When things turned sour, people lost their ass in the stock market, sending everything crashing down.

That’s why China’s doing so well right now.  They aren’t making stupid choices financially.  If we return to our economic policies of conservative investments, we could EASILY wipe out our debt, build a surplus, and become an economic superpower, the likes of which is only dreamed of right now.

Obama wants to make it so that you don’t have to live up to your responsibilities.  That makes it easier for you to make stupid fiscal choices.  When you buy something expensive, you might think “oh well, if things get rough, I’ll file for bankruptcy”.

Take that away, and then people start making better choices, and they pass those choices off to their children, and we all prosper together.

 

Travis

travis@rightwinglunatic.com