The Obama Depression

The current economic turmoil may not have started under Obama, but he has done nothing to improve the situation and everything to capitalize on it. Obama bears heavy responsibility for the GSE (government-sponsored entity) mess of Fannie Mae and Freddie Mac being the second largest recipient of their lobbying money when he sat in the Senate. Only Christopher Dodd received more and he was in the Senate much longer to get it. Obama thwarted more regulation of these bad loan mills and fought to extend credit to the uncreditworthy from the time he was a community organizer on-his mindset and manipulations put us in this sinking ship. From the beginning of the Presidential campaign, McCain should have pounded Obama and the Democrats on their attempts to prevent more regulation which sadly succeeded and their readiness to overlook outrages such as Franklin Raines more than one hundred million dollars in compensation when he chaired Fannie Mae. In the event, this misfeasance was barely mentioned, and when it was, McCain's attempts at educating the public about this issue were half-hearted. He never really tried to close the sale out of fear that if he hammered Obama too hard or focused too much attention on Raines, he might be perceived as or called a racist as both these scoundrels happen to be black. It is a shame McCain was feckless, because the country he could have led is now in the worst crisis her economy has faced since the Great Depression, repeating and magnifying many of FDR's mistakes. Dear pater, who is old enough to remember, says this is worse because even before 1929's Black Tuesday, Americans lived in lean times and could navigate leaner ones. Today's Americans are, in Dad's opinion, soft-in many cases, fat and spoiled to boot-and in his perception, are falling into the abyss of the new travail from higher heights and are not well-equipped to deal with vicissitudes the way the largely agrarian Americans who had recently turned back the Kaiser and defeated the Huns were. If you can't be without video-games for a few days or cable, try to survive a week on stale bread and beans. Your grandfathers did, and you may have to with our young Marxist leader determined to change us into his just socialist utopia.