Based solely on what I personally have been able to observe over the past few years, the progressive wing of the Democrat party is scheming on the November elections. Moderate and even conservative Republicans seem to pay no attention to the movement. The sad part is, if I’m right, nobody else is paying attention to the moves. Illegal immigration, statehood for Puerto Rico and the pullback of Democrats in virtually every major race tells me there’s a coup in the works. Progressives don’t care about the individual battles. In fact, they will give away all battles to meet the larger objective.
I’ll go out on a limb here. Between now and November be prepared to see a lot of spending obligations. I mean a lot! The progressives will purposely throw the election only to blame conservatives for every negative that happens between November 2010 and November 2012. The plot is to retain Obama’s presidency and continue to destroy the country…and perhaps the world, as we have known it. Obama calls it “fundamental reformation”.
A $200 billion, multiyear unemployment benefit extension is on the table right now. That, in its self, will probably be sufficient to stifle job growth in the private sector. Currently, wages are so low that formerly employed workers and professionals can actually get more money from unemployment than they would receive by returning to their trade or occupation. Progressives want to keep it that way.
In spite of all the huge lender bailouts (including Fannie and Freddie) that were supposed to help people refinance their homes, proportionately few people are able to accomplish the refi. When it fails, they are stuck making up past payments withheld on advice of the lender. With credit ratings trashed because part of the refi process is making no payment or forbearance payments, it is then impossible to complete the cycle. Increased interest because of lower FICO scores when purchasing anything on time, a car for example, can make the difference whether to purchase or not. This financial debacle will only worsen over time and look nasty by 2012. Hang on conservatives and moderates in congress, blame is coming for refusing to spend more. To date it has all been Bush’s fault.
Continued government growth, statehood for Puerto Rico and amnesty for illegal immigrants will add to the financial burden we are experiencing. It will also give progressives more power with the anticipated liberal votes. The majority of illegal aliens here currently are undereducated and capable only of menial labor tasks to provide their income. That means few tax dollars and more government subsistence payments and entitlement programs. More government dependents will guarantee the continued economic collapse in this country.
We’re snowballing now. More government employees making (not necessarily earning) an average 140% of what comparable civilian wages once were, with enhanced taxpayer paid benefits requires a greater private industry economy to fund government. Instead of building the employment base in the private sector, though, virtually all new jobs are in the public sector while the private sector is still losing them. A federal deficit to GDP ratio of +/-80% and more unfunded spending coming at us daily can only mean that Greece and Italy are not far ahead of us when it comes to frustrated and riotous citizens.
Think about it for a minute. If you, personally, had a debt to income ratio of 80% you couldn’t buy a pack of gum on time with fifty cents down. You certainly couldn’t buy a home, and interest alone on a car or replacement refrigerator would make you think twice about the need. Moreover, if you took on more debt while your income was dropping…well you get the picture. Unless something changes for the positive soon, members of the Triad Society are going to show up for payment.
We, the American people are rapidly becoming enslaved, beholden to the government, and are being sold down the Potomac by this administration and this congress. Again, I advise that a change of congress in 2010 is only the first step toward recovery. It may take an act of impeachment for treason (wantonly violating the trust of the citizens and desecrating the Constitution) and definitely a conservative figurehead to unwind the debasing done in just 16 months. We can only hope that some of the devastation is salvageable.