Monday, June 21, 2010

Ran across two things at Ace that bring back the question:

Is Obama just flat effing stupid, or actively malicious?
A major reason so many have fallen out of the program is the Obama administration initially pressured banks to sign up borrowers without insisting first on proof of their income. When banks later moved to collect the information, many troubled homeowners were disqualified or dropped out.
Telling a bank to not bother checking on a borrowers income BEFORE you actually sign papers...

Followed by
President Obama will likely discuss setting caps on the utility sector when he meets with senators this week, White House Chief of Staff Rahm Emanuel told the Wall Street Journal on Friday.
A: This is bullshit to start with.
B: Even if it wasn't bullshit, it will slam the economy. Remember Californicated a few years back? Price controls on energy? Blackouts and brownouts and a recalled governor? Think of that idiocy on a national scale.

Personally, at this point I see it as actively trying to damage or destroy the economy so they can try to rebuild things on their Progressive Model. And they have no damned care at all for the people who'll be destroyed, or their oath of office, because those things get in their way.

Kind of an interesting choice: tar, feathers and rail or just move straight on to the noose?


Windy Wilson said...

The "California Plan" was worse than mere price caps. It was price caps on what energy users paid, but not on what the energy producers paid. This was and will be again, a recipe for disaster, as utilities buy expensive electricity and gas and sell it at low protected rates to consumers.
It grieves me tremendously to see so many of our public servants so absolutely and unrepentantly and willfully ignorant of basic economic laws, particularly the one about supply and demand. We can get to the one about unintended consequences next semester. . . .

Firehand said...

Which reminds me of that quote from The Weapon:
"I acquired a black-market weapon.(Sales are all registered, but for a small premium of 50%, one may buy a new pistol not far from the spaceport. They come in by the shipload, as they do anywhere the local rulers utter magic incantations to keep them out. Never let your religious beliefs get in the way of the law of supply and demand."