Financial Reform: What Does It Mean for “Little People?”

By John W. Lillpop

After
congratulating himself for yet another devastating assault on free
market capitalism, President Obama, flanked by the likes of Chris Dodd and Barney Frank, declared victory for enactment of the so-called financial reform bill.

However, the vital question ignored by the president and his subjects in the mainstream media is: Victory over what, and for whom?

For example:

Will mortgage giants Fannie Mae (FNMA) and Freddie Mac (FMAC) be held
accountable for their roles in the housing/mortgage crash?

Will taxpayer bailouts of FNMA and FMAC be halted?

Will my home regain some of the loss in value inflicted since Obama “saved” the economy?

Will foreclosures be cut off before one million home owners are booted out of their castles in 2010?

Will tax cuts for middle class Americans be delivered as promised by Obama?

Will personal bankruptcies be replaced with good tidings of prosperity for all?

Will my meager 401(k) retirement nest egg be protected from the ravages of Wall Street fraud and, even more ominous, Obama fraud?

Will
unemployment drop below 8 percent as Obama promised when he misused one
trillion dollars of taxpayer money on his “stimulus” fiasco?

Will federal spending and the deficit be curtailed before Washington, D.C. becomes another Athens?

Will the interest rates on my credit card accounts plummet and become
post-usury?

Will the epidemic of bank failures throughout the land be reversed and cured?

Will “Recovery Summer” become more of a reality rather than simply a mindless slogan?

Of course, these questions are strictly rhetorical.

Everyone knows that Obama is incapable of providing the leadership needed to solve the thorny issues facing the little people.

John W. Lillpop

Advertisements
  1. Leave a comment

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: