Is there still any doubt? Actions speak louder than words, and the 30 days that Obama's sat in the White House he's shown us his far left philosophy in government and taken America a step closer to socialism than ever before.
His mortgage bailout plan is just another entitlement program to redistribute income of the responsible home owners to the irresponsible ones who moved into a house they cannot afford.
Per Larry Kudlow, and I agree completely:
Team Obama is rewarding bad behavior. It is enlarging moral hazard. It is expanding its welfarist approach to economic policy. And with a huge expansion of government-owned zombie lenders Fannie Mae and Freddie Mac, Team Obama is taking a giant step toward nationalizing the mortgage market.
The creation of Fannie and Freddie was bad enough, and with this proposed mortgage bailout, the government will indeed reward bad behavior. Life is a series of decisions and their consequences. Make good decisions to be rewarded. Choose poorly and suffer the negative consequences. Where in the Constitution does it say for the federal government to bail us out in cases of irresponsible personal decisions? That's all it is. Poor decision making.
Okay, some folks will blame their employers: My company laid me off and now I have no income to pay for mortgage. First of all, why didn't you save money for the "rainy days," an emergency fund? Secondly, you can't possibly expect to live the same lifestyle without regular income, so start Plan B -- move out! Find a cheaper place or become a renter. Don't wait for the government to help you.
Or blame the health care: I got really ill and had to pay for medical expenses, falling behind on mortgage payments. Health care is a high priority. Each paycheck should have some set aside for health care, whether from the employer or other means. If you cannot pay for health care and a house, then you should live in another place or find another job which has better benefits. Again, where's that rainy day fund? Don't wait for the government to take care of you!
To a socialist, the current economic meltdown is the perfect storm to expand government control of citizens' lives. Strike fear in the hearts of certain individuals -- those without the will or perseverance to dig themselves out of a hole -- to achieve control of their lives through more bloated entitlement programs. Let the responsible neighbor tap into his or her emergency fund (or kids' college tuition fund or retirement fund) to indirectly pay for my mistakes in the form of them paying higher taxes.
There are those like Leon Wieseltier of
The New Republic who
doesn't see it this way, but rather:
The most discouraging surprise of Barack Obama's early days in office, days of emergency, was the new administration's shirking of clarity, its reluctance to attach the grandeur of its initiatives to the grandeur of liberalism. Instead the president's distaste for division, and his Chicago practicality, set the tone. How came it to be that in the aftermath of the greatest liberal victory in our lifetime John Boehner held the stage? Of course the views of the Republicans must be respected, not least when a few of their votes may be needed to do the work of rescue and reform; but political respect must not be confused with intellectual respect. The response of the right to the crisis in America was to flee to its catechism. The Republicans propose to bail out the economy with doctrine. Unemployment is 7.6 percent and rising, and they say: let them eat Friedman. When billions and billions of dollars are needed for the Pentagon (fine with me) and for Wall Street, it is damn the zeroes, full speed ahead--but when the prospect of relief for ordinary Americans in trouble rears its fair and compassionate head, the deficit desperately matters again. The Republicans are not only heartless, they are also hypocritical, since the cause of all this misery was the market abandon that they promoted so messianically. These are the people who would have privatized, that is, destroyed, Social Security: how can their protests not be met vehemently? This vehemence is not "partisanship," it is analysis. It is not "populism," it is liberalism.
Liberals love to bring up "relief for ordinary Americans," as if responsible, financially sound, hard working Americans aren't "ordinary." It's a sad trend that if you are not in credit card debt, pay your mortgage on time, and have no car payment, then you are not ordinary in today's economic categorization. Never mind labeling Republicans as heartless and hypocritical as well, and blaming all the economic problems on conservatives' insistence and embrace of capitalism. Just ask: Which socialist countries thrive to become leaders of the world economy?
Conservatives have long questioned Obama's "change" when he was campaigning: change for the better or for worse? Unfortunately, ever since he entered the White House, most people are predicting the latter: change for worse.
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