Is
the Kettle Black Enough?
By
Ted Nugent
If
ever there was a case of the proverbial pot calling the kettle black,
it is the cluster of new financial "reform" regulations Washington
politicians are trying to foist on the back of Wall Street.
In
a typical political smoke-and-mirrors misdirection, President Obama
wants us to believe greedy Wall Street bankers are to blame for our
economy sinking in financial quicksand and that more government
regulations and controls are the answer. Don't believe it.
The
truth is that the federal government, as always, has overtly wasted,
lost and blown far more of our hard-earned tax dollars than Wall Street
crooks could have ripped off in their wildest Bernie Madoff
imaginations. Our politicians are the real bandits and culprits of our
economic calamity.
What
our elected idiots willfully and with malicious forethought did not do
- even when warned to do so by Fed Chairman Alan Greenspan in 2005 -
was rein in the out-of-control, government-managed Fannie Mae and
Freddie Mac.
Regarding
Fannie and Freddie, Mr. Greenspan told Congress in 2005, "We are
placing the total financial system of the future at substantial risk."
A
significant Fannie and Freddie reform bill was passed by the Senate
Banking Committee in 2005, but the Democrats prevented the bill from
becoming law and thus set in motion the events that would steer our
economy straight off the cliff. While this economic storm was brewing,
then-Sen. Barack Obama collected more than $125,000 from Fannie and
Freddie in political contributions.
The
Democrats' pathetic, unethical and arguably criminal lack of control of
Fannie and Freddie, coupled with their own pressure on banks to make
high-risk home loans to people who couldn't afford them, is the reason
for our economic meltdown. Believe it and blame the Democrats - and the
Republicans who failed to do a thing.
Now
those very same Democrats want to control Wall Street. Unbelievable.
Welcome to the Planet of the Apes.
America
is going bankrupt not because of crooked and unethical Wall Street
investment bankers. We are in this financial morass because of a
bloated, ineffective, unaccountable and wasteful Fedzilla.
Poll
after poll finds Americans have little faith in our professional
political windbags, who, in addition to causing our current economic
meltdown, have robbed and plundered the Social Security Trust Fund and
Medicare over the years to the point that both these entities are not
only broke, but massively in debt. President Obama's solution: more
government borrowing, taxing and spending. Anti-social insecurity
anyone?
No
one in Washington ever accepts any blame or fault. There is always
someone or something else to blame. This time, it's Wall Street's
fault, but anyone with an ounce of common sense and a modicum of desire
to know the truth understands that the underlying fault for all - yes,
all - of our economic, social and cultural problems is Fedzilla and the
political punks who feed it for their own political profit. To hell
with America; they need votes.
How
dare these political frauds shake their own corrupt finger at Wall
Street. Where are the journalists who should be shouting daily
questions at these political frauds and pouring buckets of hot ink on
the editorial pages of newspapers and blogs across the country,
exposing these elected frauds who are financially raping and plundering
America? Our forefathers would encourage us to get a bucket of hot tar
and some feathers and run these crooks out of town.
If
we continue down this economically suicidal, massive-deficit-spending
and higher-tax path that President Obama is intent on, our economy will
continue to grind to a halt, unemployment will remain high, investments
will dry up, and entrepreneurs will fade away. I'm just a guitar
player, and I figured that out decades ago.
The
Tea Party gets it. Its members understand that out-of-control and
unsustainable government spending has put America on the path to
financial ruin. And what does our lapdog media do? Castigate the Tea
Party as being a bunch of illiterate racists. What a joke. I heard the
circus is looking for some new clowns.
I'll
bet the president a backyard beer at the White House that many more
Americans would entrust their future to Wall Street bankers than to the
elected frauds and idiots who have plundered the national treasury and
put America's future on thin ice.
November
is hunting season. No bag limit.