Continuing to mull over the new pressure on banks from the administration to extend credit to sub-standard mortgage applicants, I decided to stop treating the issue as one of the worst economic decisions ever re-created and to instead to try to figure what the incumbent’s real goal is. Because, despite the total financial incompetence and refusal to learn from their own mistakes, even Dem’s must be able to see the fiscal damage this will do to the nation.
And that can only mean that they have another hidden agenda in play here to keep sinking us economically, but for the life of me, I can’t figure it out. Because it makes absolutely no sense to keep trying to strip assets of the “rich”, while doing absolutely nothing to help the poor, whereas the labor market keeps shrinking, costs of fuel, food and housing keep rising and fairly soon now, all that will be left is insurmountable national debt and no income. So, where’s this leading?
Whereas I have no logical answer to my own question, I can only sit here and keep trying to determine what the end game is, because none of it makes an iota of sense, except: Perhaps looking at the equation from the incumbent's perspective, the answer may simply be that he’s built the perfect life for himself. As a practical matter he does absolutely nothing except campaign, which he seems to thrive on. He also incessantly travels to sites he likes, frequently playing golf while his family goes elsewhere by themselves at taxpayer’s expense.
So, from that point of view, both he and Hillary too, apparently carved perfect situations for themselves where neither’s ever done anything productive in their natural lives and don’t have the abilities required should they ever be needed. Consequently, it matters not a whit what goes on around them, because they’ve both taken absolute maximum care of themselves for now and the future, whatever should come to pass for anyone else.
Now, I’m still not sure my analysis is correct, although it seems to make perfect sense. So, I’m going to keep on trying to figure out what the real plan is. However, if it’s really complicated and takes a great deal of intellect or knowledge, it’s a pretty sure bet it won’t come from either of them.
In the meanwhile, though, I Just thought I’d mention that according to Fox News on-line: “Fisker Automotive -- the electric-car maker that was granted a half-billion-dollar federal loan and on Friday dismissed about 75 percent of its remaining workforce -- is purportedly facing a lawsuit from the same firm that sued the government-funded Solyndra company.
Fisker laid off 160 of its roughly 210 employees Friday morning from its Anaheim, Calif., location, according to Automotive News.
Outten & Golden won a $3.5 million settlement in a similar case against Solyndra, according to Reuters. The solar-panel maker received $535 million in loan guarantees from the Obama administration before falling into bankruptcy in 2011.”
What’s even better is that “Regulatory issues and battery pack problems resulted in delays in getting the [Fisker] vehicle into the marketplace.”
So, what we have here is that the administration forks over a huge loan that makes no economic sense and then turns around and has its own regulators put the borrower out of business via a forced default. And what that means is, if you lived to be a zillion, it’s highly unlikely you'd be able to do anything dumber than that.
At the same time: According to Hyung-Jin Kim of the Associated Press via Drudge: “A top South Korean national security official said Sunday that North Korea may be setting the stage for a missile test or another provocative act with its warning that it soon will be unable to guarantee diplomats' safety in Pyongyang. But he added that the North's clearest objective is to extract concessions from Washington and Seoul.”
So, now the North Korean’s picture's becoming clearer and what we apparently have is another “Mouse That Roared.” Because it’s highly unlikely that those folks will ever attack the U.S. whereas they have nothing to gain by doing that.
But since they know we no longer have any foreign policy, brains or backbone at the top, it’s highly likely that simple extortion will work. And just like we did with Fisker and Solyndra, we’ll now blindly fork over billions to almost anyone, anywhere piling us over with tons upon tons of worthless, unbridled BS. Which means that they'll probably walk away with boatloads more of our taxpayer's bucks.
That’s it for today folks.
Adios
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