Thursday, January 5, 2012

More unlimited power...

This started out as an addendum to the previous piece, but continues to grow increasingly, so it seemed to justify its own post! The breakneck pace has been set for an out-of-control Executive that appears to have no end in sight as we round Day 2. As Weasel Zippers so poignantly denotes, "Emperor Obama strikes again," via an ABC News story:

President Obama will continue his campaign to bypass Congressional opposition to his jobs agenda Thursday by announcing a new partnership aimed at helping a quarter of a million young people find summer jobs.

The initiative, part of Obama’s “We Can’t Wait” campaign, is intended to replace a youth jobs fund that would have been enacted had Congress passed the president’s $447 billion jobs bill.

“America’s young people face record unemployment, and we need to do everything we can to make sure they’ve got the opportunity to earn the skills and a work ethic that come with a job. It’s important for their future, and for America’s. That’s why I proposed a summer jobs program for youth in the American Jobs Act — a plan that Congress failed to pass. America’s youth can’t wait for Congress to act. This is an all-hands-on-deck moment,” Obama said in a written statement.

Everybody's hands but everybody's hands. Nope, just yours, Barry. We the People, in order to form whatever Obama wishes, is it???

And Rush cues us in on another illegal Executive scheme that may be brewing: “Obama is planning on…essentially forgiving all mortgages.”

There are some requirements. You have to be paying on your mortgage, you have to be three months current, but Obama is going to just wave a magic wand and allow people to refinance their mortgages, essentially cutting hundreds of dollars off of the monthly payment. This will cost $1.2 trillion and, as always, it is those of you who don't have a mortgage or who will not qualify for this plan who will be paying for it. This is buying an election in one fell swoop.

There is a plan afoot by virtue of these recess appointments, it's a little bit more complicated, but the bottom line is, in terms of perception, the perception is going to be on the part of people that Obama is forgiving their mortgages.

The perception and the way it's gonna be reported -- this is not really what's gonna happen -- but the way it's gonna be reported and the way people are gonna be made to feel is that Obama is fixing their mortgage. He's fixing the fact that their house is underwater. He is going to lower their monthly payment, the banks, the rich guys are gonna take the hit on it, millionaires and so forth. Your house is going to have value again. In one fell swoop with an executive order, we're gonna fix the housing problem. We're gonna bring value back to everybody's number one asset. Now, if that happens, and if it's reported that way, then all the rest of this is irrelevant. You go out and basically, as president, make it possible for people's mortgages to be paid much cheaper, the value of their home restored just with a wave of your magic wand, who's going to vote against that, who is going to vote against the guy that makes that happen? That's the plan.

After digging into more research as to just 'how' this scheme might go down with yet another illegal recess appointment, this time of the Federal Housing Finance Agency with one of his own advocates (that is, if there are no consequences to the illegal Cordray appointment), James Pethokoukis presents the bottom line of this January surprise:

Talk about a political and economic game changer in this presidential election year. Obama could offer a trillion-dollar stimulus — as measured over a decade –that would directly and immediately impact tens of millions of Americans suffering from the housing depression. Cash in their pockets. Imagine the electoral impact on key states, such as Florida, suffering from both high unemployment and devastated housing markets.

Afterall, it’s just more money we don’t have and that future generations will have to pay for our temporary comfort, right? And who cares if markets topple, they’re evil anyway. Only trust Big Government. They forgive as long as you forget…about constitutional rule, that is.

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