Obamanomics For All!!

The latest we hear from the President Elect is we need another “stimulus package” targeted at the middle class, who we continually hear are hurting from the eight years of failed economic policies of George W. Bush. It appears even after the election, the liberal democrats just can’t stop blaming old Dubya for everything – but they better savor the moment, because after the inauguration on January 20th, the Democrats will have to own up to their incompetence, for example Barney Frank and Chris Dodd for the Freddie and Fannie fiasco. But I’m getting off the point – Obamanomics plans to provide us more stimulus money – but no one seems to be talking about where this money is coming from. Well, it’s coming from your pocketbook, or rather yours, your kids, their kids, and your kid’s kid’s kids. Yes, the very democrats who lambasted Dubya for increasing the federal debt, plan on increasing that debt by leaps and bounds.
To put this in perspective, let’s take this down to a neighborhood example. Say you bought a nice home that was within your budget in a good neighborhood -- you work hard, you pay your bills on time, and you drive a modest family sedan that gets decent gas mileage. You live within your means, and try to save a little for retirement and something to put your kids through college. However, in that huge upscale house across the street, lives Denny the Democrat. He has a much different outlook on life. Although his income really didn’t support the loan that was backed through Freddie Mac for his huge upscale home, he moved right in. He drives a luxury, 5 ton, 3 mpg SUV, just like the one his wife drives. He accepts every credit card offer he receives in the mail and runs each one up to the limit. One day when you inquired how he lives so well on a middle class income, he explained to you what an idiot you are by playing by the rules, that being financially responsible was a out dated notion and you should do the rollover credit card game he does which allows him a lifestyle far beyond his income. After all, if he can’t pay, then he’ll just declare bankruptcy and let those evil rich bastards eat their bills. How dare they expect him to pay anyway – they are big rich banks and have plenty of money.
But then one day, the roof caved in on Denny’s house of credit cards – seems they changed the laws and it’s not so simple to declare bankruptcy. He is facing foreclosure on his house, the repo man wants the SUVs, and Denny just doesn’t understand what he did wrong – there’s no way he could be responsible for his plight. So Denny comes knocking at your door for help. He explains how you can fix all of this – quite simply, Denny tells you to take out a second mortgage on your home, take cash advances on your credit cards, cash in your kids college funds, cash out your 401k, and then give the money to Denny to bail him out of his financial woes. After all, Denny is broke and in debt, so why shouldn’t you be too? Denny further explains that this is in your best interest, because if Denny moves, his house will lose value while it sets empty, which will run down the neighborhood. Neighborhood home values will drop, and the neighborhood will become a slum. Besides, you can afford this because you've been living by the rules and will make adjustments to your lifestyle to pay back all of the debt – this allows you to “spread the wealth around”.
So in case you haven’t figured it out, “you” is the American taxpayer – Denny is the Democratic White House and Congress. They want to put you further in debt to reward very bad behavior by those who don’t feel they should be responsible for their actions.
I don’t know about you, but a certain part of my body is feeling very stimulated by Obamanomics – and it’s quite painful.