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Cleared of Ethics Charges, Maxine Waters Ready to Write Bank Laws

Snarkasterous1 Wrote: Nov 24, 2012 2:35 PM
In reading yesterday's WSJ, I was struck by the way in which several articles point very clearly to the likely result of the path that the Obozo administration has chosen. That failed administration is a full-throated advocate of the socialist state constructs common in western Europe. Obozo himself has stated on public record that he favors "redistribution." Here's a bulleted list of the articles in Friday's WSJ that stood out to me: 1) Wealthy French are fleeing their country, and are selling their (expensive) homes to escape the confiscatory federal taxes proposed by the recently elected socialist president (Hollande). No doubt, the libbies advocating higher rates on "the rich" in this country will fail to learn anything...
Snarkasterous1 Wrote: Nov 24, 2012 2:35 PM
...from this entirely predictable outcome in France.

2) Catalonia, a productive region of Spain, is rebelling against the confiscatory national tax policies that perennially extract more from the region than they return in benefits. Nearly 60% of Catalonians now would support a movement to secede from Spain rather than be punished for their success.

3) Millions of students in the US have incurred student loan debt, have failed to graduate, and are now defaulting at very high rates. Huh! Who could have foreseen an outcome like that! It's eerily similar to the libbie social engineering that forced banks to provide home loans to the unqualified, in pursuit of "social justice." As it turns out, those unable to pay back home loans...
Snarkasterous1 Wrote: Nov 24, 2012 2:36 PM
...often don't. And those unable to produce college-level work often don't graduate. Huh! Startling - at least to highly-nuanced libbies unable to learn from history.

4) Hostess bankruptcy continues. Union demands and unsustainable costs caused by absurd work rules killed the company. Well done, libbie-supporting unions!

5) Illinois' finances have arguably reached a sad state from which recovery may not be possible. Even under unrealistically-optimistic estimates of future rates of return, the state has ~ $200B of debt and ~$94B of unfunded pension liabilities. Ah, the fruits of decades-long libbie leadership. Well done, libbies!

Yes, the outcomes of libbie policies are clear. Abject failure. Hasten, Obozo administration!

The last time we met “This Old Socialist,” Congresswoman Maxine Waters, (D-Delusional), she was being probed for “ethics violations,” which is fed-speak for “things for which you and I go to jail, but which is legal for congress.”

Waters, then, was gamely trying to vie for a leadership position on the Financial Services Committee despite a dogged investigation regarding her finances and influence peddling that had dragged out for months. She was doing so in the wake of the announcement that the committee’s ranking Democrat, Barney Frank (D-Dope) (pun intended) was leaving congress to fulfill his lifelong dream of getting married...

Related Tags: Ethics Maxine Waters Laws