The first lesson from the Prophet Emanuel: "Waste not, whenever a serious crisis cometh your way." That self-serving crisis, conveniently already underway, delivered to this Administration on a tarnished silver platter, was, of course, the devastating financial melt-down, brought on, primarily, by edicts from Presidents Carter & Clinton, who forced lenders to lower home-loan standards, creating a dream-world, dessert-only, mortgage buffet, fulfilling to all, regardless of income and repayment odds. Add a dollop of lender greed into the land of never-ending-growth, and as we've since painfully realized, all too often, folks were enticed into loans beyond their reach should the economy hiccup, let alone implode. Facing the bubble-burst, economic free-fall, the Administration declared we were doomed if a still-fawning Congress didn't quickly pass a nearly 800-billion-dollar "stimulus" plan. As we all now clearly know, the only thing stimulated in the private sector, in addition to Chris Matthews' leg, were political supporters, through tax-payer-provided pay-backs, and, by intent, the size of the government, and its pay-scales, which ballooned larger and higher than anything, ever, in the Macy's Parade. Meanwhile, in real America, the stimulus was a hoax, thus a failure, as private-sector unemployment shot-up, and remains there, derailing a timely recovery. Then came more fed control of the financial industry, crass absorption of GM and Chrysler, and the destructive take-over of the nation's health care. A power-lust rampage of anti-freedom, anti-capitalist, private-sector swallowing that would've made patron-saint Karl Marx beam with pride. As we'll see next time, the Administration's planned dismantling of private ownership and innovation, America's only economic growth engine, shamefully continues.
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