Category: Evil Capitalists

I bet the LSM will not blame this on the crooks in charge…

Can I ask if you are surprised to find out that now that we have experienced Black Jesus’ “Hope and Fundamental Change” in action, that we are seeing European level of anemic economic performance and being snowed into thinking it is not the fault of the bullshit policies of these crooks? From the article:

The U.S. economy expanded in the first quarter at the slowest pace in two years as American consumers reined in spending and companies tightened their belts in response to weak global financial conditions and a plunge in oil prices.

Gross domestic product rose at a 0.5 percent annualized rate after a 1.4 percent fourth-quarter advance, Commerce Department data showed Thursday. The increase was less than the 0.7 percent median projection in a Bloomberg survey and marked the third straight disappointing start to a year.

Shaky global markets and oil’s tumble resulted in the biggest business-investment slump in almost seven years, and household purchases climbed the least since early 2015, the data showed. While Federal Reserve officials on Wednesday acknowledged the softness, they also indicated strong hiring and income gains have the potential to reignite consumer spending and propel economic growth.

First off, low oil prices, unless you are in the criminal green industry or in the oil business itself, are awesome for any business. Lower oil costs means lower fuel costs, which for every business that moves shit around means lower costs period, and more profits. Investments are slumping, not because of the drop in oil prices – I have made a killing myself investing in oil companies right now – but because too many people are catching on that the stock market rise is mostly from devaluation of the dollar (makes assets worth more on paper) and because there was nothing else that was safe to invest in. The problem is that since the 2008 crash any growth has come without a growth in employment numbers, and whenever it happened otherwise, because government pissed money propping up junk industries that will die sooner than later. We have had morons lie to us that the economy was growing when all it did was stay on life support while massive government spending and borrowing tried to hide that fact.

“The fact that personal consumption is a bit on the soft side is a disappointment, especially in light of the low gasoline prices,” said Thomas Costerg, senior economist at Standard Chartered Bank in New York, who correctly projected first-quarter growth. “Consumption seems to be stuck in a low gear.”

Yeah, that slump happens because fewer people are employed you moron, hence less cash to spend, and those of us that are still employed realizing we better hide our money in assets that government can’t fuck us over for having. Yeah, I know the LSM has been touting the stupid unemployment numbers that totally hide the fact so many people have dropped off the rolls and so many more are working part time because they can’t get full time employment, but I remind you that when these numbers were lower during a republican president, they were then falsely touted as signs of an abysmal economy. We have that now, but because of Black Jesus and the fear of pointing out this Keynesian shit doesn’t work, nobody wants to say we are fucked.

Businesses are also aware of the existing shitstorm and the potential doubling down of this shitstorm. Can you blame them when you have a party where the 2 candidates, one a criminal and the other a prime example of life’s losers with a grudge against his betters, competing about whom will steal the most from the productive sector to buy votes with? If I was one of these companies, I would definitely be looking at how to hide assets. Especially when the LSM never reports on how full of shit these vote buying collectivist scumbags really are screwing us. Bernie, whom sadly is the lesser of the donkey evils, wants to give us free college, but nobody points out how well government controlled free lower education has worked out for us. The criminal on the other hand is trying to out communist the communist. Who do you think will pay for all this free shit?

None of this stops the cheerleaders from trying to convince the serfs that despite the abysmal reality, that improvement they have been telling us was just around the corner or had arrived, for more than 7 years now, is just around the corner:

The dismal performance in the first quarter, however, is unlikely to carry over in the spring, most economists contend. They view the labor market as a better indicator of where the economy is headed than the more backward-looking GDP report and they point to strong job creation early in the year as evidence that growth is stable.

The case for a spring rebound will get the first big test next week when the government issues the employment report for April. Economists predict an increase of around 200,000 new jobs, matching recent gains. Only a big shortfall in new jobs is likely to set off alarms about the second quarter.

Here is my bet on how this plays out: they tell us that we have finally made it, only to revise the numbers – always downward and indicating things are terrible -some months later. And when they do this, it will all be “unexpected”. And we are all supposed to believe them despite the fact that we have seen this same shit for close to 8 years now. We have never recovered, and if you look at home ownership trends, it is obvious that these morons have been lying to us. The real estate sector doing well is basically Chinese oligarchs gobbling up everything still of value. And for all their talk about social justice and sticking it to the “haves”, the Obama SJW machine seems to have really created some serious imbalance between the rich and the poor, but definitely not in the direction they pretend they want to move it. The fact is that friends of the crime syndicate in power now are rolling in the dough, while others are not doing so well.

Things suck because the people in charge have made it far worse. That’s the facts, Jack.

This is what Bernie’s America will end up looking like

Despite the fact that it looks like the ‘gimme free shit party’ is not doing well with voter turnout, there are a lot of people that are backing donkey candidate Bernie Sanders, a man that never held a real job in his life (his first full time job was one working in government and happened when he was 40), and whom seems angry at the world because he never got what he feels he was due. Like Obama, the community organizer, and for that matter that criminal Clinton, Bernie is a man of no real accomplishments, but at least unlike Obama and Hillary, he seems to not be a down right crime syndicate boss.

I suspect a lot of Bernie’s backers are donkeys that have some conscience and simply can’t make themselves vote for that criminal Clinton. But then, there are many people that are true believers in the wealth redistribution bullshit Bernie peddles too, despite the historical evidence that this shit always ends badly for the people that put it in practice. Collectivism doesn’t work when it goes beyond the family unit, and the reason is very simple, even if the people that espouse it don’t want to admit it: the jealousy and greed that makes this philosophy that advocates taking from others attractive also blinds the followers to the fact that the leaders that promise to do this for them simply are looking to replace the existing haves, and will not really worry much about the “have nots” once they do so. From the USSR, to communist China to North Korea, Cuba or any other of the failed shit, it always ends bad. Sure the marxist backing Bernie will point to Europe, and especially Sweden, as their models, but they are not being honest when they do so. Europe, because of the wealth and mediocre collectivist leadership it has had, has not yet completed the full transition to what always comes from this dark ideology.

Want a look at the end result? Well, take a good look at what is happening in Venezuela or for that matter to Brazil, yeah Brazil, countries that have let this ideology run its course. One went super totalitarian, while the other is almost there. Shit, keep an eye on our neighbor to the north. I have a feeling they are going to be doing some real stupid shit that will hurt them real bad in the next few years, all in the name of social justice or whatever. And Europe, unfortunately for the Europeans, because of the corruption in Brussels and despite the many changes being made to delay the inevitable, will run out of other people’s money sooner than later, as well. Of course this will not dissuade people that feel they have a right to what others have – especially when they justify that right by claiming the others got what they have through nefarious means – from feeling that they will go along as long as the getting is good. To them having the whole thing burn down seems like justice, I guess.

Unexpectedly: Shitty collectivist plan to destroy US healthcare to screw over users

Color me totally unsurprised that the pile of bullshit democrats told us had to be passed so we could see how it would fix all healthcare problems, and most importantly provide care to everyone while at the same time reducing costs, is going to fuck everyone over yet again in the coming year. From the article:

Amid rising drug and health care costs and roiling market dynamics, the spokesperson for the nation’s health insurers is predicting substantial increases next year in Obamacare premiums and related costs.

Without venturing a specific percentage increase, Marilyn Tavenner, the president and CEO of America’s Health Insurance Plans (AHIP), said in an interview with Morning Consult that the culmination of market shifts and rising health care costs will force stark increases in health insurance rates in the coming year.

“I’ve been asked, what are the premiums going to look like?” she said. “I don’t know because it also varies by state, market, even within markets. But I think the overall trend is going to be higher than we saw previous years. That’s my big prediction.”

If Tavenner is right, Obamacare will jump dramatically—last year’s premium for the popular silver-level plan surged 11 percent on average. Although Tavenner didn’t mention deductibles, in 2016, some states saw jumps of 76 percent, while the average deductible for a 27-year-old male on a silver plan was 8 percent.

The warning to consumers from Tavenner, the former administration official who headed the Center for Medicare and Medicaid Services (CMS) and oversaw the disastrous launch of HealthCare.gov, the Obamacare website, comes at a time of growing uncertainty about the evolving makeup of the Obamacare health insurance market. With many insurers struggling to find profitability in the program, the collapse of nearly half of the 23 Obamacare insurance co-ops and this week’s announcement that giant UnitedHealth Group intends to pull out of most Obamacare markets across the country, anticipating future premiums and copayments is largely risky guesswork.

I may not be an economist, but I find none of these revelations to be anything other than what we should have expected. Since I remain unburdened by the idiotic collectivist notion that human nature and the laws of economics can be bent by the will of people that remain unfazed by reality, I had no problem seeing that nobody could ever deliver BOTH “free healthcare” to everyone – especially people with serious illnesses, AND somehow magically reduce costs. And with the information we quickly found about Obamacare’s setup after Pelosi rammed this shit sandwich down our collective throats, it should have been blatantly obvious that was by design.

First off, let me point out that it should be obvious to everyone that while the argument can be made that the democrats have not delivered what they promised, they did deliver what they wanted: a boondoggle so unworkable and broken, that it would collapse the US healthcare after making the whole thing too expensive and too cumbersome to work, allowing them to then force an ultra-expensive, mediocre (if we are lucky) and government controlled, single-payer system on us that would never fly otherwise. By these measurements Obamacare is a stunning success.

What baffles me however is how all these idiotic insurance companies that do have to live and work in the real world went along with this nonsense. I remember reading in one of the many articles about insurers now coming to their senses and pulling out of this monstrosity after suffering crippling loses that the insurers in question actually thought they could make this work. Seriously? These people that had to deal with reality, real economics, and real people all decided to believe the idiotic notion that somehow if government took this shit over it could through coercion and force incentivize behavior that was contrary to what individuals would see was in their own best interest?

I mean I can expect this level of idiocy from collectivist twits, and I admit that I greatly enjoyed the tears and clothes rending that followed their realization that their moronic belief that some other people – the evil rich – would end up footing the bill, was totally wrong as their premiums went up and the level of service from their existing plans went down (that is, if they even got to keep that plan). But seeing so many insurance providers with years of actuarial information that showed this shit never works, not just reluctantly going along with the corrupt and crooked democrats on this, but actually exuberantly advocating for Obamacare, vexed me greatly. I did a double-back and even had to ask myself if I missing something they saw. Could this collectivist miasma actually be something that could be made to work?

Lucky for me, the laws of economics, human nature, and reality prevail, as the fact that this thing is imploding, clearly shows. But definitely unluckily for every American tax payer and consumers of the pre-Obamacare healthcare system, the fast trip to the implosion of healthcare system that delivered great quality care despite the fact socialist assholes rated it low because to them healthcare was only great when it was below sub-par in quality and “supposedly free” for the masses, has sped up. What we had was not perfect, and there were some simple and actually not that costly steps that could have been taken to address the real main concerns (catastrophic financial results from unexpected costly medical conditions), but it was blatantly obvious that what the democrats did was going to hurt, not help. And at the risk of being pedantic, I say, again, that was by design.

Things are going to get worse before they get much, much worse. But hey, SJW will love the fact unaccountable and faceless government bureaucrats with serious personal issues and their own political agendas – like the ones running the VA system into the ground – will now call the life & death shots for all of us, instead of the evil corporate entities that were making profits! don’t be surprised that like happens in every collectivist hell-hole with this sort of system, we end up with a two tiered system that leaves the serfs woefully under served, but provides much better care for the elite. Like that system in Cuba we are always being told is so wonderful by your marxist cocksucker types.

You can’t make this kind of stupid up

At the risk of you thinking this idiotic NYT article “titled How Regulators Mess With Bankers’ Minds, and Why That’s Good” has to be an Onion piece, from back in the days before a Hillary shill bought the Onion and turned it into a parody of itself, I am still bringing it to your attention. From the article:

Bank regulators on Wednesday sent a message that big banks are still too big and too complex. They rejected special plans, called living wills, that the banks have to submit to show they can go through an orderly bankruptcy.

The thinking behind the regulators’ call for living wills is that if a large bank crash is orderly, there will be no need to save it and no need for taxpayer bailouts.

Pretty straightforward, right? Not for the banks.

The regulators deliberately did not communicate the exact things the banks needed to do for their plans to pass muster. In this way, they kept them on their toes — and treating powerful banks this way may end up playing a surprisingly important role in keeping the financial regulation effective over time.

Emphasis mine. In a system where they need you to not understand and know all the rules so they can come after you whenever it hits their fancy, you have stopped being a nation of laws and equal men, and become a tyrannical shitbag. For you fucking morons that think this is cool because the target is those evil bank, remember that these crooks have no problem applying this practice not just to their opposition political enemies, but to anyone that pisses them off.

And leave it to a shill for the DNC and the crime syndicate running DC these days to actually make the argument that this kind of practice is a good thing somehow, because when they don’t understand the laws it makes it less likely that they will sidestep them. Can you imagine the reaction of these idiots at the NYT if it was a republican president doing this shit? Can you imagine their heads exploding if that president did this to one of the left’s near & dear causes? Can you imagine the IRS telling those of us that actually pay taxes this is a good practice for them to have in place as well? All so you don’t get any bad ideas about abusing the system. And can you see them accusing you of doing exactly that when the lack of clarity causes you to make a mistake?

Only the left can go this low to defend the indefensible. We deserve what’s coming our way for giving these people power. When the banking system ends up experiencing another meltdown due to the lack of clarity of an obviously idiotic system that tries to defy the laws of nature and economics, do you think they will take the blame for it? Oh, who am I kidding. They will blame everyone but themselves, then demand that they be allowed to “fix it”. Calling this shit criminal or a travesty is being to kind.

This is working out well…

In case you don’t live in the US, today is tax day. If you are like me, you set it up so Uncle Sam takes the least amount possible during the year from your paycheck, and after you do your taxes, sent these parasites a check for whatever you owe them. Unlike most of the people that tell you our system is unfair because others are doing better than them, I can actually control my spending and even do a bit of saving. I know how to make my money work better for me and don’t need to use government as a savings plan to make sure I don’t blow my cash on blow, booze, and bitchez. That whole thing about if we magically managed to redistribute the world’s wealth equally today, by the end of the month, with so few exceptions we can drop them as statistical noise, we would be back exactly where we started, with the same people complaining about how the system is rigged against them and looking for a handout. But that’s not what this piece is about.

I actually wanted to point out a major flaw in our system. When you have almost half of the people in your country not paying federal taxes or ending up with an effective marginal rate of zero or lower, and they get to vote, these people will never have a problem with the rest of us getting soaked by the crooks in DC, which continue to collect record amounts of money, despite most people predicting that things are heading south. Yeah, I know we have been told by a complicit and completely owned subsidiary of the DNC that masquerades as the media that we have been in an economic recovery, for 8 years now since Obama took over, but those of us actually working don’t see any of that recovery, and actually see things getting worse.

The thing is that we have 2 candidates, both in the same party, telling us DC should be taking even more money from the productive so they can increase the number of people sucking at the government teat. Shit, one of them has dropped any pretense of reality, and is promising $18 trillion in new entitlements and government handouts. My favorite one is free college. We get told that college has now become a necessity for people to qualify for better jobs, and thus, college should now be treated like so many other things the left wants us to now take as obligations of the productive to pay for the masses to have. I have yet to get any of the “free college” morons to explain to me why I should expect this to not result in college educations turning into even bigger wastes of money and time than they have become today. After all, we already have a government run free K-12 education system, and nobody that has a modicum of honesty and scruples, believes this system has been anything but an abysmal failure. It used to suffice to finish high school to actually be qualified for good employment. Then government took that over and dumbed it down so the failure of the unionized but well connected education establishment could avoid owning the miasma they created, and we all know how many people now leave high school without having met even the lowest of standards to show they actually worked on getting educated. Anyone else find hilarity in the fact that it is the same people that fucked over the K-12 system that now want to take over and make college free as well? That’s gonna end so well…

Anyway, back to talking taxes. Don’t get me wrong. I understand that we should pay some taxes. My disagreement is with a system that allows people that don’t pay anything to elect politicians that then tell the rest of us we need to pony up even more of our money for them to expand the abuse and corruption already rampant in the system. The best change to save our system of government right now, the one that would do the most to curb government abuses across the board, would be a flat tax and the abolishment of the IRS. If everyone has to pay an equal percentage, we will all have the same skin in the game, and with people that vote for a living suddenly out of that job, DC might finally be forced into fiscal responsibility. Even more important, the current corrupt system that allows the political aristocracy to abrogate itself unlimited wealth and power by forcing the rest of us to buy favors from them, especially taxation mitigation related favors, would implode overnight. No wonder that neither the collectivist & crony economy party nor the less collectivist and crony economy party want to do that.

As you send more of your hard earned pay to DC to be squandered by the vote buying aristocracy and their schemes and scams, remember that the answer to quite a few of this great country’s problems is actually quit simple. A flat tax would do away with so many of the special mechanisms that have propped up this dysfunctional bloated government we have today and in a single move force DC into dealing both with the economic reality they have created as well as return some sanity to the political class. It is therefore that it is anathema to the current political aristocracy whom would lose drastically should the status quo be upset. A man raped every year by the big government state – so people that pretend they mean well ca keep buying votes from close to half of the country that has no skin in the tax paying game – can dream.

Fuck you Paul Ryan, it is

If you had any doubt that there really isn’t that much of a distinction between the political elites in DC that has driving the pro-Trump revolution, all you need to look at is Paul Ryan’s pittiful appeal to pretend sending money to blue model Puerto Rico isn’t a bail out. Puerto Rico is as blue model as you can get. It’s what the left is all about: spend too much, massive corruption, cronyism, and abuse of power to the max. Now they are downright broke and dying, just like most blue model stats on the continent, think Illinois and soon, California itself, and they are going to DC to ask US tax payers to bail them the fuck out:

Speaker Paul Ryan (R-Wis.) blasted Wall Street investors on Wednesday as he tried to tamp down conservative discontent with a bill to assist Puerto Rico.

The GOP leader charged that “special money interest groups on Wall Street” are trying to sabotage the legislation by billing it as a “bailout.”

Ryan said that the government will be forced to actually bail out the island if Congress fails to act, predicting massive defaults on its bonds.
“Many big-money interest groups on Wall Street know this and have put a lot of money toward sabotaging this legislation in order to force a last-minute bailout upon Puerto Rico, putting U.S. taxpayers on the hook for their bad loans,” his office said in a lengthy statement. “They call this a bailout, because they know it is not. And a bailout is what they want.”

Ryan’s push comes as GOP leaders are trying to pull in enough support from both parties to clear legislation that would impose a fiscal oversight board on Puerto Rico and allow it to restructure some of its debts.

He dismissed “buzzwords and special interest ad campaigns” that describe the package as a bailout, and instead argued the House plan imposes much-needed fiscal rigor on the island while avoiding a messy set of defaults.

What a pile of crock. This is a bailout for a bunch of crooks that ran their protectorate’s economy and finances into the ground, and Paul Ryan blaming Wall Street for pointing that out is about as idiotic as it gets. Congress is starting with this bailout of Puerto Rico for a reason: doing it for Illinois, California, Massachusetts, Michigan or anyone of the other blue states looking at the looming bankruptcy their blue model tax-and-spend, free-for-all, vote-buying scam system first, would leave the tax payers that foot this bill for broken government systems no doubt that this was them bailing out failed blue model states, and then in a way that allows these blue states to keep doing the same stupid shit that got them broke and begging in the first place. No dice.

Fuck a Puerto Rico bailout. Tell them to tighten the belt and deal with the shit that happens. The blue model states on the mainland can then absorb the army of free-loaders that will move there to suck at the government’s teat, and their demise will be hastened as well. We all will win when the vote-buying blue political model implodes and we can do away with this shit, the pain it will cause notwithstanding. The sooner this house of cards collapses, the sooner we can burn down the nanny state.

Another one bites the dust

The Obamacare supporting retards a few months back were all pissed at those of us that pointed out the abysmal failure that the exchanges Obamacare were going to drive every insurer out of that scam. When United Health Group started talking like they would have to bail, we were told that this was all talk that would go nowhere, because in the end Obamacare was not just sound, but the law of the land. fast forward a few months, and we get an article titled “UnitedHealth Makes Good on Threat to Pull Out of Obamacare that points out just that:

The Affordable Care Act suffered another jolt late last week with the news that UnitedHealth Group, the nation’s largest health insurer, was making good on its threat to pull out of Obamacare, beginning with its operations in Georgia and Arkansas.

UnitedHealth roiled the market last November when it revealed that it was considering exiting Obamacare after incurring hundreds of millions of dollars in losses related to ACA business. Then UnitedHealth CEO Stephen Hemsley confessed to investors meeting in New York in December that the company should have stayed out of the program a little longer to better gauge its profitability potential.

The company had cautiously tiptoed into the market in January 2015 after sitting out the first full year of Obamacare operations in 2014. “It was for us a bad decision,” Hemsley admitted to his investors. “In retrospect, we should have stayed out longer.”

So it wasn’t a huge surprise on Friday when UnitedHealth spokesperson Tyler Mason confirmed to The Washington Post that the company, indeed, was pulling out of Georgia and Arkansas, two relatively small states that proved to be highly unprofitable terrain for the company.

This development is troubling, especially if it UnitedHealth pulls out of other bigger states, or if other major insurers such as Aetna and Anthem follow suit. But experts have cautioned not to make too much of UnitedHealth’s flight from the market. While it is one of the largest insurers on the national scene, UnitedHealth nonetheless is a bit player in Obamacare and holds a much smaller market share than other rivals like Aetna and Blue Cross Blue Shield.

Get the fuck out of here! This idiotic Ponzi scheme will fall apart as the major players all realize they got duped and pull out? Say it ain’t so! I guess I shouldn’t be celebrating this vindication, because after all, Obamacare was never about fixing anything that the collectivists claimed was wrong with our existing healthcare system or controlling costs: it was about destroying the existing system by creating so much tumult, chaos, and pain, that even the most adamant anti-single-payer system advocate would have no choice to accept the left’s takeover of this enterprise that comprises 1/6th of the economy and gives a government that has already shown it is willing to use its various branches against its political and other enemies, even more power to do so and control the uppity serfs. All of us better get used to our healthcare being crappy like this.

Minimum wage cronyism

I guess there is more than one way to skin a cat, but when you have a government system that is predicated on the idea of the big government machine ultimately picking winners & losers, people should not be surprised that practically all the “good things” the big government types push for involve someone carving themselves some special niche. Case in point the recent CA minimum wage hike which was heavily pushed by a whole slew of SJW types as helping people out. Sure they all told you this was the decent thing to do and that everyone opposing it had a nefarious agenda of their own – after all, SJW types point out that the only people that would argue against helping those making minimum wage out, are those that want to profit by robbing these unfortunates of their earned income – but, sooner than later, it comes out they had one of their own.

Yeah, the SJW big government types love to take the credit for helping minimum wage earners make more cash, but only an idiot thinks they do this to help/ Case in point the union that pushed the hardest for this new legislation, asking for an exemption for themselves from it:

The labor union that led the charge for a $15 minimum wage hike in cities across California is now moving to secure an exemption for employers under union contracts.

The Los Angeles County Federation of Labor buried the exemption on the eighth page of its 12-page proposal for the Santa Monica City Council to review Tuesday while deciding whether to follow Los Angeles and increase the minimum wage.

The loophole would allow employers with collective bargaining agreements to sidestep the wage hike and pay their union members below the proposed $15-per-hour minimum wage.

James Sherk, a research fellow in labor economics at The Heritage Foundation, said the exemption is a union attempt to encourage businesses to unionize by making themselves the only low-wage option as union membership continues to drop off.

Oh, this is far more than about encouraging others to unionize: it is about creating an unfair advantage for the unionized entities by actually creating a huge disadvantage for those that are not unionized. As most of us that knew higher minimum wages would negatively distort economic practices pointed out, the lies about wanting to help people were just that: lies. There always is a down and dirty agenda, and as things like this despicable maneuver shows it is always really about helping the big government nanny-staters enhance their power and create even more opportunities for graft.

The only real effect this move to jack the minimum wage to $15 an hour will have on way too many minimum wage earners will be the chance that they end up losing their jobs, as employers cut down or switch to use unionized labor. Similarly, people trying to get minimum wage low skilled entry jobs will find far fewer of those available. Ask the people in Seattle how well it worked for them. But hey, the big government types and their special interests sure as hell scored big with this job killing idea. Of course, when someone in traditional media finally gets to reporting that this was just another scheme to help the people feeding at the government trough steal more money from the productive, those of us that pointed out there was some ulterior and nefarious motive, are going to be the ones painted in a bad light again.

Got to protect the agenda…

Because this worked out so well before..

Being a social justice warrior/collectivist twit means never learning any of the lessons reality slams you with when the fucked up shit your supposedly well intentioned stupid ideas cause to happen blow up in your face. Oh sure, the leftist twits tried their best to blame it on the evil banks and their predatory practices not being regulated enough, but of course, as is always the case, they covered for the fact that it was deals they made to make this giant shit sandwich look semi-palatable to the lending industry that basically was being told to burn money by giving loans to people that were all but guaranteed to fuck things up.

Despite the usual heap of idiotic SJW bullshit about a rigged system, people that are considered high risk and thus are not able buy homes, usually are there because they have proven not to be fiscally responsible. That suddenly doesn’t go away when they are able to buy a home on the cheap, without any serious commitment or risk on their part, and continue to engage in the same idiotic things that cause them their financial pain. That republicans chose to go along with this idiotic scheme shouldn’t let them off the hook, but the push to get more of this crap going definitely comes from one party, as the Clintons doubling down on the stupid shows. Fast forward, and scams to make the whole mess look palatable fail to prevent the inevitable collapse of the house of cards this nonsense created.

Yeah yeah, I know that the DNC driven media has put out a ton of articles trying to blame evil Wall Street and provide cover for big SJW government’s role in this disaster, but you must be a liberal idiot if you are going to pretend that Wall Street could have done any of the things it did without government backing. in fact, the lie that the problem was caused by lack of regulation is galling. It was specifically caused by the regulation in place: the deals made with the big lenders to back their horribly crappy loans to people that never should have qualified for any such loan came from government.

American tax payers didn’t bail out Wall Street – like your usual leftist twit would like you to believe – because republicans wanted to save their friends, but because the SJW types in government knew that if they didn’t do this they would never again get any private institution to go along with any of their harebrained schemes again. Pelosi and the other criminals in her clique pretended not to want to bailout Wall Street and only to go along once they got their way to “reform” the system, but those of us that knew better, saw through that deceit. As many of us predicted, what followed was nothing but a charade, and that we would not only get zero action to prevent such a crisis again, but that the democrats would double down on pushign the same idiocy with renewed vigor.

Fast forward about 7 or so years, and here we are again:

The Obama administration is engaged in a broad push to make more home loans available to people with weaker credit, an effort that officials say will help power the economic recovery but that skeptics say could open the door to the risky lending that caused the housing crash in the first place.

President Obama’s economic advisers and outside experts say the nation’s much-celebrated housing rebound is leaving too many people behind, including young people looking to buy their first homes and individuals with credit records weakened by the recession.

In response, administration officials say they are working to get banks to lend to a wider range of borrowers by taking advantage of taxpayer-backed programs — including those offered by the Federal Housing Administration — that insure home loans against default.

Housing officials are urging the Justice Department to provide assurances to banks, which have become increasingly cautious, that they will not face legal or financial recriminations if they make loans to riskier borrowers who meet government standards but later default.

Officials are also encouraging lenders to use more subjective judgment in determining whether to offer a loan and are seeking to make it easier for people who owe more than their properties are worth to refinance at today’s low interest rates, among other steps.

Now what could go wrong with government forcing lenders to provide loans to people that are unqualified in the name of social justice, huh? We are back at the same junction we started of with the idiotic community reinvestment act. SJW are decrying the fact that people that make poor finical choices are being left behind, so they now are telling lenders that they should ignore the golden lending rules – as well as the laws of the land – and pony up. And don’t worry! Government, meaning the productive American tax payers that are already being fleeced at a record rate to finance other such SJW boondoggle schemes and scams, will back them up when the shit hits the fan!

Seriously, nobody should be surprised that an administration that has seen itself not only as “above the law”, but views the law and the legal system as a means to attack their political enemies while providing cover to their friends, decides they can openly tell the very financial entities that they so actively and effectively falsely blamed for the previous crisis that they better ignore the new set of idiotic laws of their own making, and to go back to doing more of the same stupid shit that destroyed the wealth of and screwed up so many in 2008.

What could go wrong this time? And it isn’t as if we might have any other bubbles to worry about either.

Insanity: doing the same stupid shit over and over under the pretense that this time you will overcome the laws of human nature, economics, and reality. But that’s liberal social justice warfare for you in a nutshell.

What collectivism really looks like..

This is what collectivism always really looks like. The “benevolent leader or leaders ” live like kings of old, with the power of life and death, and the rest, divided and conquered, fight over the scraps.

Don’t for a second let the people selling this shit religion tell you that this is the exception and what they want is different. Especially when they allude to the successes of their government religion in other places. The fact of the matter is that these things, while they work for a while, eventually end up in disaster. And when things go wrong, it is always the fault of others and external forces. That’s why these people tell you with a serious face that having an entity rob the productive at gun point, to buy votes from people quite content to fight over the scraps they get handed as part of this idiotic setup, as long as they feel others are made to suffer as well, can work if the “right people” are in charge.

The Kims, Castros, Pol Pot, Lenin, Stalin, and those that followed them, Mao and his successors, and so on and on, all are excused, along with the over 100 million killed and billions made to live in misery that the collectivist movement have caused, with the final insult being the admonition that the right people in charge would finally make it work. Well, the fact is Obama was also lauded as “the right people”, and only a real partisan hack with an agenda would pretend that those of us that point out that the only thing Obama and his cronies have really managed to accomplish was to make things worse, are wrong in saying so. As always, the way to validate this is to ask yourself what the reaction would be if someone with an R next to their name had done any of the things the media and the left have let pass when done by Obama, Hillary, or any of the other aristocrats of the left.

Contrary to what the people driven by greed and jealousy of what others have come to believe, the truth is that collectivism can’t create heaven on earth. No matter how well intentioned and what promises it makes, in the end it can only provide hell on earth. At least those pushing the old time religions knew better than to promise what couldn’t be delivered ever would happen in an afterlife.