引用文章謝謝鼓勵

Thank You for Mentioning "Governing," DUI Pres. Obama (edit/delete)

Feds unveil plan to sop up bad bank assets (AP)

AP - The Obama administration, striving to ease lending in the struggling economy, moved Monday with private investors to sop up bad bank assets. The administration said the program could grow to $1 trillion in purchases eventually, if it proves successful in attacking the bad-books problem that has been at the heart of the banking crisis.

•  Obama: Anger isn't governing strategy (AP)

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Recently I have kept saying "please do governing, not managing."  Did I hear someone say that today?

Well, what?  Anger isn't governing strategy!  I fully agree anger is of no use since I expressed my frustration about "blaming" nationwide is a crazy baloney phenomena.  Thank you, Obama, for your agreeing with me.

But, what did Obama tell?  Anger isn't govening, Then did he tell us what governing is?  Does he tell us what governing is all about, doesn't he?

One year ago, Hank Pualson would like to implement his "TARP" plan to buy "bad assets" from banks.  American people stop him right before election!   Those politicians stop talking about buying bank notes since they did need votes, not irritation anger from voters.   After Obama took over the administration, there came out their beef some called it "TARP II."  Yes, TARP II made a more soft and arrogant posture trying to give us some phony "hope" to expect relieve the pain of people by tax credits or rebates.

After the same Wall Streeters in White house gave us the first "improved" TARP II to switch and bite our people's focus on the issue.  Now they try to bring out Hank's left over (NOTE: the original "TARP",  what TA stands for?) and want us to enjoy it as a good entree in White house. 

Why Hank, Ben, and Tim would like us American people pay the check for the louzy "gourment" cuisine on dinner table out of "White House Kitchen?"  Why they are cooking the same dishes in the same recipe as an identical chef, so insisting and anxious that they would force us to eat up "toxic notes", CDS, or CDOS? 

Very good question for us to have a deep breath to see where is the beef! 

So many things I have observed.  But it is difficult to put all of them out in a good short article (because we Americans don't have much patience to read a long one.)  I'd like to point two things very conclusive here:

1) Under Hank and Tim, we set a record straight to break some fundamental key game rules that a free market needs. 

One of them is "a financial institution such as a bank is NOT allowed to practice real estate activities" which our NAR, National Association of Realtors, persists to hold intact.   Now, almost all the financials do it.   Without a change of congressional legislation, not only a bank or an investment banks (they are used to be under SEC regulation and investors in fact) but also those GSE such as Fannie (they are used to be in secondary market and perform home loan purchase) are IN the real estate business.   The do all kinds of sales or perform as a landlord to manage their properties in substance.   Whenever I see an agent putting out a topic and name it with "how we can let a banker cooperated in short sale approval."  I am laughing out loud.  How could you do that, if there is no market "incentive" under the old regulations for a banker to do a short sale?

 2) Yes, Mr. President, anger isn't a governing strategy.  But I am sorry, all I can see from your statement are negative (passive) reactions to situations.  Can you clearly and actively tell us what it is or shall be your governing strategy? 

I will tell you that one thing I am 100% sure is "Buying toxic bad loan isn't a successful solution to the current economic mess."  Further to say, you are "driving" us into an Oop Depression if you keep thinking buying those toxic stuff is a good idea. 

Don't blame me.  I have done nothing.  It is simply a sure thing to have Depression if you are under intoxication.   No matter whatever you take in: wine, medicine or a piece of note paper, it is considered the same as a crime of DUI by law.  Well, time is changed.  You have 4 years to drive us without fear of people's power such as a recall or "tea" party after dinner.  So here we go at your mercy, DUI President!

Even I know there is no housing bubble burst if there is a housing booming and there is a happy party in those "prosperous" Wall Street penthouses as Madolf's.   Almost everyone says housing busted is the core reason of the financial meltdown.   But once it bursted, the only way for our wishes to go back to the prosperity is to "inflate" it back, right?   A piece of paper burned into ash, the remedy is to pull water on it to restore it to the previous condition as Prince von Metternich did by "legitimacy" to stablize Europe after the Napoleon War.   Humm, good thinking out of human instinct.   So simple, I love it but I am not so smart to fully grasp the reasoning assumption.

May I have your wisdom and transparency since I have doubts as a humble American citizen to ask your answer before you are still having some clear mind, not 100% intoxicated?   Please tell us why you are up there trying so hard to keep the old "glorious" house buble from deflation, i.e. literally want housing price intact or flying up in the sky beyond Mr. Joe can reach while you keep claimed yourself a DEM socialist who are looking for some benefits for the poor such as "affordable housing?" (NOTE: it is called "charity distribution" instead of "productive growth" in political economic theory.)