Thursday, August 12, 2010

Such Joy In Crackerbox Palace

These days, every day is a real head scratcher. A whip around the news of the day leaves you wondering when you passed through the worm hole. As astonishing as it is, you cannot wake up from it, for it is real. Welcome to Crackerbox Palace!

There are hundreds, but here are three cases in point.

Treasury Secretary Timothy Giethner, who failed to pay his taxes unlike the rest of us, wrote a recent editorial in The New York Times that welcomes us to the recovery. Is he just this stupid, or does he think flyover country is stupid or is he just outright lying to our face. There is no recovery going on. President Obama claims under his direction, we are on the right track and the worst is behind us. One would hope with all the stimulus, a recovery could be sparked, but it has not happened with unemployment on the rise and the housing crisis that at best could claim it is gaining stabilization, a double dip recession, or perhaps a continuation of the one we have been in, is coming.

Radical Islamists are attempting to build a mega mosque 600 feet away from Ground Zero, which you would think would be immediately thwarted by sound thinking government officials. Nope. In fact, they are embracing the potential construction citing harmony. I am vehemently against the mosque, and have blogged on the subject not once, but twice. However, this is no doubt the best example of political correctness gone amok I have ever seen. Oh, it gets worse.

Imam Feisal Abdul Rauf, a Kuwait-born Muslim, leads the Cordoba Initiative project. A supporter of Hamas and one who feels the US brought 9-11 upon ourselves, has been given funding by the State Department to go to the middle east to spread goodwill and raise money for the project. On our dime? We are joining the terrorists in financing this mosque? No way! Most media could not care less, but Sean Hannity is not pleased, and neither is Glenn Beck, who goes off in a must see monologue.

Those who do not understand the financial markets should not be falling all over themselves to craft regulatory reform of the financial markets. They are and they did, as the financial reform bill passed. The bill was crafted by Rep. Barney Frank, D:MA, and Senator Christopher Dodd, D:CT, both of whom are lucky not to be in the federal lockup.

Central to the housing crisis is the mismanagement of Fannie Mae and Freddie Mac, government sponsored entities who play monopoly in the mortgage markets. Frank, chairman of the committee that oversees this bunch, joined Andrew Cuomo, The Architect of Ruin, in failing miserably to adequately manage these GSE's. The amount of wealth destroyed by this mismanagement is historic. So, Frank is an idiot at best. Dodd, who dances around ethical behavior, got a sweetheart loan from Countrywide, now a part of Bank America (BA:NYSE) and the first major mortgage company to bite the dust. The arrogance of these men is astounding, but that our Congress would allow these two clowns to craft the unnecessary regulatory reform bill (FINREG) is mind boggling. No doubt Jethro Bodine was unavailable.

When we elect these idiots like this, we get what we deserve. And what did we get with FINREG? Fannie and Freddie, bleeding cash as if they are swimming in a piranha tank, were not included in the bill. So the centerpiece of the fraud, that Dodd participated in, Fannie and Freddie, fail to make the list of things to reform? Oh my!

The mind boggling decisions we witness that are made almost daily, by each branch of government, cannot be the result of incompetence. The destruction of our country, and our Constitution, is unfortunately deliberate. It is time to pull your head of out the sand and draw a firm line in it.

Don't you get it? While we were busy living our lives, we have checked into Crackerbox Palace. The Progressives have been expecting us.





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