Could we go a week (maybe a month) without a presidential news conference?

Mortgage and Lending with Crescent Bank & Trust

Have you noticed that the market drops like a stone every time our new president opens his mouth in front of a microphone? Is it too much to ask that the prez just remain quiet & do his job for at least a week at a time? Maybe spend some time finding cabinet appointees who pay their taxes?

Democratic President FDR famously said "All we have to fear is fear itself." This latest rock-star president from the same political party wants us to be afraid of everything, with the ultimate goal of deriving all security from the government. Please allow yourself to be creeped out by his Monday statement, "The only entity in this nation which now has the resources to pull us out of this economic crisis is the federal government." Aside from the fact that such a statement flies in the face of the ideals of American ingenuity and national pride, President Obama neglected to acknowledge the source of those resources: You & me, via the IRS.

Though references to Nazi Germany are always over the top, we can not forget (nor let our customers, family, and friends forget) that, all the "ethnic cleansing" and government excess of pre-WWII Germany came about because the highly-charismatic candidate for the highest public office in the nation skillfully and shamelessly used Germany's precarious economic situation as his platform to power. It worked for him, but look at what it did to Germany. Am I suggesting a personal parallel between that leader and our current US President? Certainly not, but the economic circumstances are chillingly similar.

We learned yesterday that national healthcare was slipped into the Pelosi Pork-ulus bill, as intended by Tom Daschle, specifically referenced in the book he wrote. Contraception & Socialist medicine won't get our economy jump-started any more than will taxpayers funding a theme park in Podunk, USA.

No one has proposed real stimulus, such as Dave Ramsey's suggestion of a $20K tax credit for anyone buying a home, and a $10K tax credit to companies for each new employee hired. Quoting Dave, "There's a reason that such things have not been proposed. It's not because they wouldn't immediately jump-start the economy. It's because no one in government would be in control and wouldn't get to take credit for the positive results."

If you haven't written your congressmen & raised the roof yet, what are you waiting for?

Posted by

North Metro Atlanta community banker, Woodstock, GA

Comments (5)

Michael A. Caruso
Surterre Properties - Laguna Niguel, CA

I agree and evrytone is on media overload. This "cram it down their throats till they get it my way" is dabilitating for the public and even the loyal BO followers will wear down eventually.

Feb 11, 2009 01:42 AM
Steven Wright
Home Real Estate - Aurora, CO
CRS - Home Real Estate - 720-989-5283

When you have incompetence in the White House this is what we get. It would be better if he just keeps quiet and let us fix the problem. You know, people who have actually held a private sector job for a living?

Feb 11, 2009 01:43 AM
Karen Fiddler, Broker/Owner
Karen Parsons-Fiddler, Broker 949-510-2395 - Mission Viejo, CA
Orange County & Lake Arrowhead, CA (949)510-2395

I am willing to try for a day.

Feb 11, 2009 01:48 AM
Shane OnullGorman
Eau Claire Realty, Inc. - Eau Claire, WI
Eau Claire Wisconsin, Real Estate Agent & Realtor- Buy or Sell

Its actually looking up today following yesterdays announcements.


Feb 11, 2009 01:54 AM
Clark Blackwell
Crescent Bank & Trust - Woodstock, GA

Pray for the families of the storm victims in Oklahoma. All the political foolishness is nothing when you face that.

Feb 11, 2009 07:03 AM