Yesterday we had two issues, among many, that demanded Obama’s attention.
Fannie Mae, the largest U.S. residential mortgage funds provider, on Monday asked the government for an additional $8.4 billion after the company lost $13.1 billion in the first quarter.
Barack Obama, addressing an audience in Hampton, Virginia, said nothing. The government very quietly wrote Fannie Mae and Freddie Mac checks and that was the end of it. In his speech, Obama bemoaned modern technology providing too much information:
“And with iPods and iPads; and Xboxes and PlayStations – none of which I know how to work – (laughter) – information becomes a distraction, a diversion, a form of entertainment, rather than a tool of empowerment, rather than the means of emancipation. So all of this is not only putting pressure on you; it’s putting new pressure on our country and on our democracy.”
That’s $84.6 BILLION and counting the Obama administration has given Fannie Mae and Freddie Mac to keep them going. They have announced they’ll need funding indefinitely, Obama didn’t say a peep. The private banks have cost the people nothing, Obama is all over them. The Dow did an odd thing last week, Obama was all over that too. Although Obama has found time to attack private sector banking, no one is allowed to touch Fannie Mae and Freddie Mac. Try to even get a Fannie Mae loan right now. Go ahead, I dare ya to call your bank and get a Fannie Mae quote. The closing costs are outrageous. You WILL be amazed.
However, The Obama administration did find time to address another truly demanding national emergency:
The National Mediation Board, which oversees labor relations in the rail and airline industries, has adopted a rule that makes it easier for unions to win representation elections.
OK, ya get that? Obama’s administration, in this time of 9.9% official unemployment, found time to pretty much force airlines and trains to unionize those employees not yet unionized. Granted the rules were stacked against unions in their minds, since it previously required a majority vote of all employees affected. Now, it’s a simple majority of voters. Anyone can argue the pros and cons of this move. The problem I have is the move was made, period. Of all the huge issues ripping at the very fabric of this culture, Obama ignored a financial crisis, enabled unions, told people not to use their technology to listen to the news
.
Oh yeah, he did one other little thing over the last couple of days. He nominated a Supreme Court Justice candidate who has never been a justice who currently answers to him.
Related Posts
- February 18, 2009 -- Thomas Sowell and Upside Down Economics (0)
Every now and then, not really too often, I feel like I am the only one with the insight and divine intervention of knowing what the heck is going on. That's not necessarily an arrogant feeling. It... - May 13, 2010 -- Elena Kagan, another Obama lie? (3)
When Obama nominated Sonia Sotomayor, Obama said he wanted someone who:
“combined intellect and empathy—the ability to understand the troubles of everyday Americans.”
Sotomayor had already gained... - September 9, 2008 -- Who’s to blame over Fannie and Freddie? (0)
I'm sure Nancy Pelosi has given the "Fannie Mae and Freddie Mac are yet another example of the failed Policies of George Bush". Haven't seen it in print, but I'm sure she's just figuring the time ... - February 17, 2009 -- Henry Waxman wants to suppress me! (1)
This isn't the first time this has happened, but it's being discussed again ( via Kerry Picket at Newsbusters.org ):
The House Energy and Commerce Committee is also looking at how it can put in pl... - May 20, 2009 -- Obama’s frontrunners (0)
There is a site that is asking people "Which frontrunner is the worst liberal judicial activist?". Now, naturally, this is a loaded question. If you're not a screaming liberal, they all look equa...
Tags: banking, censorship, elena kagan, fannie-mae, freddie-mac, hampton, ipad, ipod, justice, media control, national mediation board, nmb, obama, playstation, Solicitor General, supreme court, unemployment, union, virginia, xbox
