Perhaps if we followed legislatively mandated "truth-in-advertising," principles for political pronouncements we could headline this press release: "A political attention-seeking media whore comments on Countrywide (and everything else)...
"Statement of Barack Obama on Countrywide Execs Who Will Reportedly Collect Multi-Million Dollar Payouts"
"Senator Barack Obama issued the following statement today in response to reports that two Countrywide executives, who are accused of exacerbating the ongoing home mortgage crisis, are slated to receive multi-million dollar payouts tied to the company's performance during their tenure."
Compensation for a lifetime of hard work is not as outrageous as Barack Obama would have you believe.
Playing the "class" card...
"All across this country, we've seen how it's becoming harder and harder for working families to make ends meet. That's because for far too long, the rules in our economy have been written to benefit Wall Street at the expense of Main Street."
Just what company has Barack Obama built from scratch into a multi-billion dollar enterprise that previously (prior to the present financial crisis) produced large-scale wealth for its investors and executive?
"We saw this again today when we learned that two executives at Countrywide, the nation's top subprime lender, are set to walk away with nearly $20 million in payouts. This is an outrage."
Far from being an "outrage," it is American entrepreneurship at its finest. It appears to be an outrage only to socialists and communists who stress the "collective" over individual achievement.
Let Barack Obama give back all of the contributions from wealthy individuals and large labor unions who are fleecing their members into supporting positions which may not represent their beliefs. If Barack Obama wants to talk the talk, make him walk the walk.
Politicians bought and paid for...
"Top mortgage lenders spent $185 million in recent years lobbying Washington to look the other way, while they tricked families into buying homes they couldn’t afford, forcing millions of Americans to face foreclosure and pushing our economy toward recession."
You may as well ask which of Barack's fellow politicians were on the receiving of all that largesse? Their vote was purchased: plain and simple. So why isn't Barack Obama deriding his fellow politicians and calling for a massive investigation?
Tricked? I hardly think that the majority of buyers were tricked... what they were was "tickled pink" to be offered the chance to obtain a house with no credit ("wink-wink") and no income. They were complicit.
Unless, of course, they were part of some ethnic minority whose very activist/leaders feel that they must actually be dumber than the general population and therefore need special political protections. Both fraud and struggling to obtain a house cuts across all ethnic and racial lines.
Most people actually thought that if they could get a house using the toxic payment option adjustable rate mortgages, that their house would appreciate in value and they would simply re-finance their loans to lower rates. No fraud there -- just pure American-style optimism.
Unfortunately, they got caught up in the bursting of a real estate bubble where the Fed's easy credit policies and Wall Street's GREED encouraged builders to over-build and amplified the downturn in real estate -- leaving these people stranded without the income stream needed to support a fully-indexed and amortized loan. Again, for the majority, no tricks -- just optimism.
Playing by the rules?
"These executives crossed the line to boost their bottom line. We should be reprimanding them, not rewarding them. Rewarding their bad behavior just encourages others to pursue the same kinds of irresponsible practices that led us into this financial mess in the first place."
Prove criminal activity and prosecute them, if you can. Just don't just slander and libel them in a press release and move on.
What did your legislation do to mitigate the problem?
"That's why nearly two years ago, I introduced legislation to treat those who commit mortgage fraud like the criminals they are.
So what happened to that legislation? Was it simply a duplicate of everyone else's legislation? Or did you just sign on to another politician's package? Or did some industry group lobbyist or activist group feed you the legislation? If your statement was to be taken literally, I am sure you would find many more borrowers than mortgage executives or loan officers being branded as criminals.
And speaking of criminals -- or, in your case, your alleged criminal friend, Tony Rezko, did he buy your favorable attention in community housing matters by assisting you with your home's land purchase. Was this a simple conflict of interest or did you sell influence? Why aren't you calling for a full investigation of Rezko?
"And it's why in a speech last week, I called for realigning incentives and compensation packages, so that both high level executives and employees better serve the interests of shareholders."
It offends me that some office-seeking politician thinks that they should have the right to determine compensation packages. If the shareholders are upset, they vote by selling their shares. It's the American way. Something, no doubt, that might make your wife proud she is an American.
"We have to restore balance to our economy, and make sure that we have rules of the road that work for ordinary Americans, not just the wealthy and well-connected. And that's what we'll do when I'm President of the United States."
Without the wealthy, there would be no jobs or roads. Without those who risk their own time, energy and capital to actually produce something or provide a useful service, where would this national really be? Who is going to pay for all your social programs? Who will insure that America stays productive in the face of global competition.
It's the Wealthy, unlike the worthless lawyers, the larval stage of politicians, who produce nothing but chaos, corruption and a continuing legal foodfest for others of their ilk.
What can YOU do?
Consider what it really means when a politician plays the class or race card to garner support?
Perhaps the 20 years of Sundays listening to his racist, anti-Semitic and anti-American pastor might have been better spent actually making his way in industry rather than living off the public teat.
Obama appears to be a far-left socialistic liberal politician who is ready to spend other people's money and tell other people how to live. A junior Senator who has barely experienced public life and who lacks the basic domestic and foreign policy qualifications for the President of the United States. And we should ignore all of this because he happens to be black? I don't think so. I would vote to Colin Powell as a Presidential candidate in a heart-beat. Just compare his accomplishments and abilities with those of Barack Obama and you will see that BO is just another empty suit... a Carter or a Clinton -- and you know what happened there.
Do not vote for any candidate or current politician who is willing to subvert the safety, security, sovereignty and economic strength of the United States or limit an individual's right of self-defense for their personal philosophy, power, prestige or profits.
Quote of the day: "Life is an unbroken succession of false situations." - Thornton Wilder
A reminder from OneCitizenSpeaking.com: a large improvement can result from a small change…
The object in life is not to be on the side of the majority, but to escape finding oneself in the ranks of the insane. -- Marcus Aurelius
“Nullius in verba.”-- take nobody's word for it!
“Beware of false knowledge; it is more dangerous than ignorance.”-- George Bernard Shaw
“Progressive, liberal, Socialist, Marxist, Democratic Socialist -- they are all COMMUNISTS.”
“The key to fighting the craziness of the progressives is to hold them responsible for their actions, not their intentions.” – OCS "The object in life is not to be on the side of the majority, but to escape finding oneself in the ranks of the insane." -- Marcus Aurelius “A people that elect corrupt politicians, imposters, thieves, and traitors are not victims... but accomplices” -- George Orwell “Fere libenter homines id quod volunt credunt." (The people gladly believe what they wish to.) ~Julius Caesar “Describing the problem is quite different from knowing the solution. Except in politics." ~ OCS
“The key to fighting the craziness of the progressives is to hold them responsible for their actions, not their intentions.” – OCS
"The object in life is not to be on the side of the majority, but to escape finding oneself in the ranks of the insane." -- Marcus Aurelius
“A people that elect corrupt politicians, imposters, thieves, and traitors are not victims... but accomplices” -- George Orwell
“Fere libenter homines id quod volunt credunt." (The people gladly believe what they wish to.) ~Julius Caesar
“Describing the problem is quite different from knowing the solution. Except in politics." ~ OCS