Posts Tagged ‘low income’

States Working To Protect Citizens From ObamaCare

March 15, 2010

Why is it that Americans overwhelmingly now believe that the federal government is a threat to citizens’ rights???

Washington (CNN) — A majority of Americans think the federal government poses a threat to the rights of Americans, according to a new national poll.

Fifty-six percent of people questioned in a CNN/Opinion Research Corporation survey released Friday say they think the federal government has become so large and powerful that it poses an immediate threat to the rights and freedoms of ordinary citizens. Forty-four percent of those polled disagree.

If ObamaCare is so wonderful and so popular as the Democrats claim, then why is it that the most Democrat state in the nation voted for a Republican who promised to be the 41st vote blocking the ObamaCare boondoggle, and why is it that nearly 70% of the states are trying to protect themselves from it’s abuses of citizens’ rights?

Va OKs 1st bill banning mandated health coverage
By BOB LEWIS (AP)

RICHMOND, Va. — Virginia’s General Assembly is the first in the nation to approve legislation that bucks any attempt by President Barack Obama and Congress to implement the national health care overhaul in states like Virginia.

Without debate, the House of Delegates voted 80-17 Wednesday to accept Senate amendments to a bill that supporters say preserves Virginia’s prerogatives as a state.

Thirty-four other legislatures have filed or proposed similar measures rejecting health insurance mandates.

But Virginia’s legislature, scheduled to adjourn Saturday, is the first to finish work on a bill. The measure goes to Republican Gov. Bob McDonnell, who plans to sign it.

The measures are advancing nationally as Republicans capitalize on voter discontent over Democratic-backed federal health care reform efforts in Congress.

The Democrats are going to make it a federal crime to live and breathe without buying their health insurance, like mobsters who break your windows and destroy your store if you don’t buy their “insurance.”

It is amazing.  Democrats in Congress and the Obama White House have spent a full year trying to push a massively expensive bill that will destroy our health care system even as states feverishly work to protect themselves from that very same ObamaCare.

States realize that the accounting gimmicks that deceitfully produce a “deficit neutral” bill end up creating the mother of all unfunded mandates for the states to pay.  That means vastly higher state taxes and fees for you.

There’s also a fair chance that you may lose the insurance plan you have as you are shoved into the inferior care provided by Medicaid.  ObamaCare promises to “nudge” approximately one in five Americans who presently aren’t in the Medicaid system into that system (see also here).

For the record, Medicaid is the system for individuals and families with low income and resources.  It is not the best quality care, and it is certainly not the care that the Congress that is forcing this monstrosity down our throats will have.  Republicans offered 11 amendments that would have required Congress to enroll themselves and their families in the plan they were trying to force on everyone else.  The Democrats voted every single one of them down.

Democrat politicians believe they’re better than everyone else.  Their children are better than your children.  Their attitude toward you as regards ObamaCare is “Let them eat dirt.”

Their families are going to continue to get the very best of care, while you and your family find yourselves getting shoved into a health care system designed for the poorest Americans.

The Democrats are playing every imaginable game with the Constitution and the political process to shove this 2,700 page boondoggle down the country’s collective throat.  It looks like the only thing that will protect Americans from the worst White House and Congress in our national history will be the states.

How ‘Failed Policies’ Of Democrats Were Responsible For Financial Crisis

October 1, 2008

Why should anyone blame Democrats for the housing finance crisis?  Because they laid virtually all the landmines that would eventually explode in the first place, and then they wouldn’t allow Republicans to reform or even regulate the impending disaster before it occurred, that’s why.

From the New York Times in September 30, 1999:

“Fannie Mae, the nation’s biggest underwriter of home mortgages, has been under increasing pressure from the Clinton Administration to expand mortgage loans among low and moderate income people and felt pressure from stock holders to maintain its phenomenal growth in profits. . . .

Fannie Mae has expanded home ownership for millions of families in the 1990’s by reducing down payment requirements,” said Franklin D. Raines, Fannie Mae’s chairman and chief executive officer. ”Yet there remain too many borrowers whose credit is just a notch below what our underwriting has required who have been relegated to paying significantly higher mortgage rates in the so-called subprime market.” . . .

In moving, even tentatively, into this new area of lending, Fannie Mae is taking on significantly more risk, which may not pose any difficulties during flush economic times. But the government-subsidized corporation may run into trouble in an economic downturn, prompting a government rescue similar to that of the savings and loan industry in the 1980’s.

”From the perspective of many people, including me, this is another thrift industry growing up around us,” said Peter Wallison a resident fellow at the American Enterprise Institute. ”If they fail, the government will have to step up and bail them out the way it stepped up and bailed out the thrift industry.” . . .

The LA Times writes on May 31, 1999 that:

It’s one of the hidden success stories of the Clinton era. In the great housing boom of the 1990s, black and Latino homeownership has surged to the highest level ever recorded. The number of African Americans owning their own home is now increasing nearly three times as fast as the number of whites; the number of Latino homeowners is growing nearly five times as fast as that of whites….

Under Clinton, bank regulators have breathed the first real life into enforcement of the Community Reinvestment Act, a 20-year-old statute meant to combat “redlining” by requiring banks to serve their low-income communities. The administration also has sent a clear message by stiffening enforcement of the fair housing and fair lending laws. The bottom line: Between 1993 and 1997, home loans grew by 72% to blacks and by 45% to Latinos, far faster than the total growth rate.

Lenders also have opened the door wider to minorities because of new initiatives at Fannie Mae and Freddie Mac–the giant federally chartered corporations that play critical, if obscure, roles in the home finance system. Fannie Mae and Freddie Mac buy mortgages from lenders and bundle them into securities; that provides lenders the funds to lend more. . . . .

Another article in the New York TImes from September 11, 2003:

The Bush administration today recommended the most significant regulatory overhaul in the housing finance industry since the savings and loan crisis a decade ago. . . .

This reform – and another in 2005/06 – were blocked by Democrats who threatened to filibuster the bill in the Senate.

In that 2003 New York Times article, we find the extent of Republicans’ concerns, and of Democrats’ intransigence:

Fannie Mae, which was previously known as the Federal National Mortgage Association, and Freddie Mac, which was the Federal Home Loan Mortgage Corporation, have been criticized by rivals for exerting too much influence over their regulators.

The regulator has not only been outmanned, it has been outlobbied,” said Representative Richard H. Baker, the Louisiana Republican who has proposed legislation similar to the administration proposal and who leads a subcommittee that oversees the companies. ”Being underfunded does not explain how a glowing report of Freddie’s operations was released only hours before the managerial upheaval that followed. This is not world-class regulatory work.”

Significant details must still be worked out before Congress can approve a bill. Among the groups denouncing the proposal today were the National Association of Home Builders and Congressional Democrats who fear that tighter regulation of the companies could sharply reduce their commitment to financing low-income and affordable housing.

These two entities — Fannie Mae and Freddie Mac — are not facing any kind of financial crisis,” said Representative Barney Frank of Massachusetts, the ranking Democrat on the Financial Services Committee. ”The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing.”

Representative Melvin L. Watt, Democrat of North Carolina, agreed.

”I don’t see much other than a shell game going on here, moving something from one agency to another and in the process weakening the bargaining power of poorer families and their ability to get affordable housing,” Mr. Watt said.

Democrats such as Watt and Maxine Waters played the race card to label any effort to prevent poor and black families from buying homes they couldn’t afford as racist.

But when the fecal matter hit the rotary oscillator as a direct result of Democrats’ policies, Nancy Pelosi trots and says:

“The — what we have now is a manmade disaster, a disaster that sprang — comes from the Bush failed policies, the failure of the Bush administrations to steward our economy in a responsible way.”

I am telling you, if you vote for Democrats in November, you will be putting the very people who caused this disaster in power, and you will be entrusting the people who created a crisis in charge of averting the very crisis they caused.  By putting these irresponsible demagogues in charge of our economy during one of the most vulnerable periods in our nations’ history, you will in effect be saying, “I want the Great Depression.  I want my children to suffer.”