A Running Commentary

Pixilated postulates on politics, pop-culture, and the pursuit of happiness.

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Community Reinvestment Act: Reason for Mortgage Crisis?? (video)

September 30th, 2008 · 4 Comments

Democrats like Jimmy Carter, Bill Clinton and now Barack Obama propose government policies like The Community Reinvestment Act that sound good on the surface but ultimately bankrupt us. Assuredly, there is plenty of blame for the greed of Wall Street as well, but recognize the root issue before you vote:

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Lest you think me too one-sided, I do note that plenty of people deride the notion that The CRA had anything to do with the subprime crisis (e.g., see recent article in Business Week HERE). This defense of The CRA seems pretty thin in comparison to the statistics but I’ll leave that to your own research. I don’t concern myself with that particular wrinkle here because it is beside the point.

The seminal issue is this: the more power we put in Washington, be it one party or the other, the more control and liberty we lose. Say, for the sake of argument, Obama is the best, nicest, most sincere, capable and well-groomed guy in the world. Assume further that he’ll stay up 24 hours a day during his two terms to personally oversee and directly control each of his government-expanding federal programs to assure they are the best thing for this country since sliced bread. (Obviously this would be physically impossible without a Flux Capacitor or some other serious advances in the field of metaphysics, but work with me).

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Fine - then what? What happens eight years from now when Obama is finished and the government is placed in someone else’s less-than messianic hands?

With a Liberal Progressive like Obama in the White House and dual Democratic majorities in Congress, you can be sure that the government will have experienced almost a decade of the most tremendous federal expansion in history. Programs to fix this, commissions to address that, Federal spending to ‘heal our souls’ (or whatever).

And what will be the import of all this “change”? Easy: More budgets for congressmen to dole out in pork spending; more programs for special interests to influence; dramatically more control by the few inside the D.C. beltway over the masses outside it. The erosion of liberty.

Read it once, read if often:

“The natural progress of things is for government to increase and liberty to decrease.” - Thomas Jefferson (A Democrat)

Governments, by nature, are addicted to power and never give it back without a bloody fight. That’s what our Constitutional system is supposed to guard against; to keep the power in the hands of the people and as local as possible. It is not about “In Obama We Trust” or any other singular individual. The republic is bigger and more precious than one man and thus must be guarded against the seizure of power by any one man.

Barack Obama makes no secret of what he intends to do. He, his wife, and the team around him have made it an overt crusade to install him in power so he can use the power of the federal government to be directly active in our everyday lives. That is the theory of Progressivism as it dates back to Woodrow Wilson and the first pure fascists and progressive liberals. It is patently contrary to the founding logic upon which this country was founded, and the imposition of such theories will ultimately lead to our demise.

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Tags: Believable Politics · Music, Film & Arts

4 responses so far ↓

  • 1 jeff // Sep 30, 2008 at 2:29 pm

    thank you

  • 2 TheEarlyHours // Sep 30, 2008 at 2:31 pm

    Oh hecks yeah. Spot on. Frightening. Spot on.

  • 3 A Running Commentary // Sep 30, 2008 at 2:57 pm

    Someone really doesn’t want people seeing this video; it is being pulled down by YouTube within 24 hours each time it posted. I have resourced to Live Leak…

  • 4 Cousin Benny // Oct 1, 2008 at 10:33 am

    But I suppose that the way to end our financial woes is to continue investing $900MM per month (conservative estimate) in our wasted military efforts in Iraq?

    C’mon! McCain and his overmatched counterpart will only further our economic troubles and lead to continued embarrassment of our country.

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