Frank Louis
Future outgoing President Obama: "I want everyone treated fairly in this country." Among other things...what does he mean?
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By Frank Louis
May 17, 2012

At a recent fundraising event in New York as well as on "The View," and at a commencement speech at Barnard College, outgoing President of the United States, Barack H. Obama said the following: "I want everyone treated fairly in this country. We have never gone wrong when we've extended rights and responsibilities to everybody... That doesn't weaken families, that strengthens families." Allow me to analyze this applause raising campaign speech.

Just how is being "treated fairly" identified? And how does losing one's life savings, becoming in debt, being foreclosed on and filing bankruptcy strengthen a family (Perhaps by experiencing hardships?). Please tell me as I am evidently missing something here. My is the governments history of meddling in housing among other things, causing the biggest economic crisis in the nations history... short, I am told, of the Great Depression. However, I sometimes even doubt that claim.

Who was being "treated fairly" when Americans put down payments of 20–30% or more on real estate while others (often fraudulent loans to nobody... straw buyers), paid nothing and created the crisis that has crippled out economy by pushing up "values?" Can anyone answer that? How did these "extended rights and responsibilities" to people who (quite frankly) often had no interest in paying these loans? Not very well I would say. Some made billions of dollars while millions of Americans were robbed blind.

I did not think anyone could answer these questions much less would dare to ask them. That is why I always say I am "providing answers to the questions nobody is asking."

The answer to these questions: It is not fair at all. It is robbery. Will someone please ask these lying politicians some direct questions that address the issues and facts and do not just provide more and more opportunities for "sound bites?" How about some "yes" or "no" questions to start?

As I write this article, I am listening to yet more news on "misappropriated funds," earmarked to help "those hardest hit" in the mortgage debacle being derailed and... well you look it up. It is a joke.

Mr. Obama, the government created this crisis; it was called the Community Reinvestment Act. We want our money back. We want to be treated "fairly."

Outgoing president Obama went on to say, "Everybody gets a fair shot, everybody gets a fair share, and everybody plays by the same set of rules." Oh yeah, when was that? The day some Americans paid a $100,000 down payment on a property they were soon after to discover was barely worth the down payment they made. Was that being treated fairly? I am not talking about those people we continually hear were just aspiring to the "American Dream" I have already covered that point in a previous article. That tern, just like the term "treated fairly" has been abused and has become meaningless.

Now, these Americans ("treated fairly") are facing foreclosure, massive debt, and bankruptcy. And, as I have pointed out so many times, these people often do not even qualify for the idiotic programs like the infamous Home Affordable Modification Program (HAMP) that our "fairness" president has put forth. No, These Americans are ignored. There are millions of Americans who have been essentially purged from the economic system of this country and left for dead alongside of the road while, all along, they were playing by the rules, playing "fairly." Mr. Obama, perhaps before you turn over the keys to the White House, perhaps you can tell me what is fair here. I bet you can't!

Yes, Obama continued in his Barnard College speech, he encouraged graduates to "speak up for what's right." Hey, that is exactly what I am doing. Speaking up. Can you hear me? I didn't think so.

This past week, JP Morgan "lost around $2 billion in a "flawed, poorly vetted trade." Where have we heard that before? Housing? Mortgage backed Securities, Collateralized Debt Obligations, Credit Default Swaps.... all related to the housing scam? If you don't know this, look it up... before you vote. Only thing is, since when was buying a house a "bet" that had someone on the other side, stacking the cards to fall? Let me be clear here, I realize markets fluctuate and values can go up and down in their natural ebb and flow. This housing crisis, as we all know, had nothing to do with any natural "ebb and flow." I doubt this trade did either.

When will we hear who made the $2 billion JP Morgan "lost?" Sounds a bit like the same excuses we hear from these same bankers, politicians, and "experts" who expect us to continue to roll over and let these "complex financial products" drain us completely. Somebody won on this trade. I am willing to bet it is another example of fraud that just doesn't quite make it to identifiable "criminal activity." Now, as I complete this piece, I'm hearing out going VP Joe Biden, speaking in Wisconsin I believe, telling folks that under his regime, they can "own not rent." We owned... we didn't rent. We were set up and lost our investments. Many of our families are destroyed financially. Buy not rent, I guess so; our houses are not worth a penny any longer.

Joe, give us our money back. It is easy: we show you our closing documents, you give us our money. It is simple. No complex programs, no lawyers, no anything. Just repay the money Americans lost while being "treated fairly."

© Frank Louis

 

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Frank Louis

Frank Louis is a print and on-air commentator who offers opinions and solutions on and for the economy, social issues, and the future of this nation. In the Old Testament, Nehemiah 4: 14 instructs us to fight for our houses; something we need to be doing now. Our future generations depend on it!... (more)

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