Chris Tomaras / Straight Talk / March 14, 2009

I have the following questions for you this morning. Are you confused when it comes to the honest state of the economy as it relates to all of this panic spending and where all of the money is actually going? Do you understand what is being done to save the banks? Do you understand what is being done to stabilize the housing industry. Do you understand what is being done to bailout the auto industry? Do you understand what is being done to get people back to work? And, are you aware of the 8000 earmarks included in the $451B Omnibus Bill?

The President this week had the opportunity to solidify his honesty and credibility regarding his emphatic campaign promises, with Congress and the American taxpayers by vetoing the omnibus bill and getting rid of the earmarks but instead signed the bill and laid the groundwork for what is going to be a very difficult 4 years. As much as I wanted to support the President and believe in his sincerity wanting to do a good job devoid of Washington politics, it’s right back to back to party politics at its best.

The whole thing is one big façade encouraging increased fear and panic as a diversion, while Congress  passes and the President signs bills made up of trillions of dollars, to use as they wish for their personal agendas. And this is because they know that unless they absolutely get lucky, they will be far gone when the next election is over.
They are master politicians who have convinced the country to elect them on the basis that the country was broken and needed change and they used it masterfully to their advantage while convincing especially the youth of the nation to vote for them. What’s ironic is that these same youth are the ones who are going to have to pay the bill in the end. I wonder what change they will look for when it’s too late?

Are you concerned that each time one of these major spending bills is passed and signed by the president he tells us that it is not the perfect bill but we need to pass it immediately or the world will come to an end.

How on earth are we allowing these wondrous elected officials to spend us into oblivion? And by the way, it is both Democrats and Republicans who added the earmarks to the Omnibus Bill. It shows their insensitivity to the financial crisis and their need to first please their constituencies with their special interest projects in order to be re-elected. That’s why we call both parties, politicians.

Where did the President’s 5 days of transparency go, to review all of this stuff before the taxpayers are put into a position of having to pay back a multi-trillion dollar deficit? Where did the “I’ll veto every earmark that is in the stimulus package if you elect me end up?”  We keep asking these questions and in response we get a fast talking song and dance routine.

We’re having this agenda jammed down our throats while the President is reaching out to appease his liberal cronies. Is Barack Obama or Nancy Pelosi  running the country?

If you remember correctly it is President Obama in his speech to the nation that said the majority of the economists were in favor of what he was recommending including vetoing earmarks and cutting taxes. With the President’s sudden memory loss of his campaign promises, the majority of economists do not think the President is doing such a good job. This week the President’s press secretary responded when confronted with this issue, that the President does not make his decisions based upon what the country’s economist’s think. And I guess that’s the case when they don’t agree with him. However when they were supported of him he used them to sell his agenda.

We are in the midst of the largest spending fiasco ever to hit America and there is no way that our GDP  in the future will ever be large enough to support all of this indebtedness. Our kids and grandkids will be living a life of extremely high taxes in a government dictated welfare state. Won’t that be special. Hey mom and dad, we get free healthcare. Didn’t I tell you we needed change?  And mom and dad’s response will be, I’m so happy for you and your income tax rate is only 85%.

Let’s put this in simple terms. Assume your personal monthly budget is 3000.00 but you spend $15,000 per month by borrowing the additional $12,000 and this goes on month in and month out for an extended period of time. So you make 3000 and you borrow 12000, in order to pay 15000. And don’t forget you’re being charged interest on what you borrow. The assumption is that at some point in the future you will be making more money to repay your debt including the interest or….. how about this, your children will just inherit your debt and they can pay it back through higher taxes and a lower standard of living. After all, they wanted change right?

Welcome to America because this is exactly what the President and Congress are doing.

I’ve talked about this repeatedly and there are many Americans who are extremely angry. Before this is over we are going to face total chaos with anger and rage greater than anything we have ever experienced. We already live in an angry world but just wait until you see what happens as we go forward.  There is a reason why people are hoarding guns and ammunition and states like GA are establishing militia.

We talked about the far reaching ramifications and how they will touch every American’s life. I found it interesting how suddenly Warren Buffett is criticizing the President after initially being his supporter. Do you think that losing 25B dollars of his wealth might be affecting his opinion? It would certainly get my attention.
We have given the banks billions of dollars and they have used it for their own self interest. That to me sounds like a form of theft.

If your boss gives you $5000 and instructs you to purchase new computers to enhance the company’s business and then you go out and spend it on a facelift what do you think your boss would do? The government just gave the banks billions to make loans and instead they spent it on themselves.

Everyone was aware that the auto industry was collapsing but they still kept giving them billions. It won’t be long and we will be saying adios to at least one of the big 3 and the money we gave them will have already gone bye-bye.
And this housing bailout is totally ridiculous. Look it. If you own a home and the government tells you that they will bail you out, but only if you are at least 2 months behind on your mortgage payments what would you do. Probably the same as what millions of homeowners are doing. Just stop making your payments. Lawyers are actually offering a fee-based service advising clients to stop making their mortgage payments and showing them how they can stay in their home for 2 years while hoarding  the money they should have paid to the lender. These are the same lenders that our government is  giving stimulus money. If millions of homeowners stop making mortgage payments how do you think that will affect the prices of homes? The mortgage debacle was a mess but these idiots have turned it into a disaster. When you question them they tell us they have a plan but they can’t reveal it to us at this time. Like it’s some secret breakthrough that will shock the nation. It’s going to shock the nation ok, like sitting in a bathtub full of water with a plugged in radio in your lap.

As I continue to say, they are making it up as they go along while everyone is hanging on to their every word trying to decide how to survive and get their piece of the pie.

If you’re confused it’s because they want you to be confused. Remember the ole sleight of hand we talked about?
We’re being told that it is going to take a few years before we see the results of the stimulus. I agree. Probably about four years to be exact so if you like what’s going on, then let’s give them a few more trillion. The name of the game is how many trillion can they get their hands on before we figure out how they’re spending it?

And that’s today’s straight talk.