Archive for September, 2010

They still don’t get it…

I’m talking about the middle-of-the-road Republicans who feel that their re-election matters more than their constituency.

Or, more specifically, the NRSC (National Republican Senatorial Committee) refusing to support Christine McDonald in Delaware in favor of Mike Castle, the RINO from Delaware who:

Supports cap-and-tax
Supports Abortion-on-demand
Supports ObamaCare
Supports increased taxes on the American People
Supports the Brady Campaign
Supports the dis-arming of the American Citizens

Castle is everything that Conservatism isn’t. Christine McDonald is EVERYTHING that Conservatism, Constitutionality, and American Values IS.

The RINO’s don’t get it. The *lets-all-try-to-get-along* Republicans don’t get it.

America is a Conservative Nation. Always has been, always will be.

The Tea Party is the new face of Conservatism in the USA. RINO’s will slowly be weeded out in favor of Reagan Republicans and true Conservatives.

I didn’t leave the Republican Party…the Republican Party left me.

This is what happens when American Values are forgotten…

Here’s the opening of the article, courtesy of the Wall Street Journal…

The Obama administration on Tuesday will launch its most ambitious effort at reducing mortgage balances for homeowners who owe more than their homes are worth.

Officials say between 500,000 and 1.5 million so-called underwater loans could be modified through the program, the first initiative to target homeowners who are current on their mortgage payments but are at risk of default because they have no equity in their homes. Some experts are warning, however, that the same knots that tied up prior initiatives could do so again.

Under the new “short refinance” program, banks and other creditors that write down mortgages to less than the value of the property can essentially hand off the reduced loan to the government. The process involves refinancing borrowers into loans backed by the Federal Housing Administration.

The whole article can be found here.

Now I’m sure that folks are going to point to this and say that at least the President is *doing something*. Problem is, he shouldn’t be mucking with a system that can, inherently, clean out the crap on its own.

Thats right…our banking system, contrary to what the Liberal side of the aisle thinks, does work, and can take care of this. You see, we have a Constitution. That Constitution has provisions for making fair the process of entering into contracts.

Thats what a mortgage is…a contract. You go, hat in hand, to a lender. Said lender agrees to loan you money to purchase a home. in return, you place the property as collateral for the loan, thus guaranteeing the lender that he looses nothing. The only person at risk here is…you. If you default on the loan, you are the one who looses your equity because you failed to meet the monthly mortgage obligation. Thats the way its done…no bailout, no government intervention, nada.

But we seem to have a government that is wanting to put its fingers into something that it thinks needs *fixing*, because people are at risk of losing the *American Dream*. Sorry, but those folks got in over their head with easy-money loans, no verification loans, etc., because there was a government mandate to make loans, so that more people could get into a house, use that house for equity, tap into said equity, borrow, spend…wash, rinse, repeat.

Credit was the engine driving the country’s prosperity during the recent pre-bubble of the housing sector. But it really wasn’t prosperity…it was living on borrowed time, and borrowed money.

I’m old enough to remember when a house was reasonably priced, people worked and *saved*, not worked and *spent*. If something wasn’t absolutely necessary, you didn’t need it. Therefore, you didn’t buy it. Growing up in the 60’s and 70’s, we had one TV in the house. Just one. We didn’t get a *color* TV until 1974…my dad insisted that we didn’t need a color tube, because it was a luxury…we could see the programs just fine on an old black and white. The jokes comedians told weren’t funnier in color, so why spend the money?

My parents were from the old country. They brought their common-sense frugality to this country when they came over. Dad bought me my first gun, a .410 shotgun, and taught me how to hunt. Hunting was traditional back in the old country, but it also was a way here in America to supplement your food supply with organic food…you don’t get any more organic than going out and killing your food in a field somewhere, where your kill wasn’t pumped full of growth hormones.

It was a time in America where tradition, and old-fashioned values meant something. We really need to get back to those traditions. Hunt your own food, live a more frugal life, and stop trying to compete with, or impress, the Joneses.

And stop living beyond our means. That goes for the general population as much as it does for the Government. No more handouts, no more bailouts, no more welfare, no more foodstamps, no more unemployment subsidies…nothing. No, its not harsh. Its how this country was built. For if you don’t *force* people to fend for themselves, they will always look for a handout. By our own hand, we’ve created a dependent class, in the name of compassion for those in our society who fell on hard times. Unfortunately, our good intentions had unintended consequences.

We, as a country, must stop spending money we don’t have, and start telling folks that there is nothing left. This is America….we’ve always been an innovative nation. I have faith that we still are, and that once the spigot of federal aid is shut off, people will find a way to survive.

No, not have luxuries, unless they decide to work hard, earn alot of money, and can afford those luxuries. Its time we get back to a basic life. If we don’t, we’re doomed.

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