Campaigner-In-Chief Bara Bama is visiting Nevada on his "Save the Democrats" tour. This time he's trying to help out that old curmudgeon, Harry Reid. Harry is pretty much dead to rights, and Bama has shown none of the prowess of his predecessor at boosting his party's chances leading into his first midterm.
I believe this is all about Bama in 2012. Nevada is a swing state, and Bama has alienated the gaming industry in Las Vegas, so he's decided to do what Democrats are best at and throw money at the "problem."
By the way, Bama's jabs at Vegas are laughable coming from him. How dare he tell anyone how to spend their money. If people want to entertain themselves by gambling or seeing shows or enjoying the weather, who the hell is he to tell them that's a waste? The ass-clown that occupies the White House has wasted more taxpayer money taking his wife out to eat in just one year than Bush did during his entire first term. The same is true for the number of guests entertained at the White House. Apparently Bama just doesn't have enough work to do. Hypocrite.
This time it's $1.5 BILLION to help with the housing crisis in Las Vegas, where 1 out of 82 homes is in foreclosure. Now, if you take one more step and discover that the foreclosure rate nationally is between 3-5% in the last 2 years, you might actually come to the conclusion that Vegas isn't doing so bad, and may be doing better than the national average. But these are generally big new houses going backup for bid, and people with the means to support presidential candidates financially cannot be allowed to lose their second homes over a silly thing like a mortgage payment.
Of course I'm generalizing. Like everywhere else, people have lost value in their homes in Nevada, but you have to wonder why that state is getting a handout while California, where the governor has been screaming for some of the Bama money for a year, gets very little. If you look to politics for the answer you'll find it. Democrats always take their bread and butter votes for granted - blacks and states with large minority populations always go their way in ridiculous numbers, so they don't have to grease those wheels with cash.
Most infuriating is that $1.5 Billion is coming from paybacks of TARP money. When President Bush signed off on Tarp, creating $750 Billion in new debt for the purpose of saving Americas largest financial institutions, the idea was that the banks would be obligated to pay the money back with interest. The American people would be making out on the deal. I guess we were led to believe that once the money was paid back the balance of the loan issued to create the money would get paid off. You know, the United States borrows money from China and lends it to banks, and then when the banks pay that money back the United States pays back China. That makes sense, right?
Well then Bama took office and now he's looking at all that money coming in and he just can't help himself. He's a democrat, after all. He just has to go out and spend that cash, and the best way to do that is to use it to buy as many votes as possible to stabilize his re-election prospects. So that $750 Billion will get spent again by Bama on pet projects and to grease votes but he will continue to call the debt of the previous administration. What a joke. This guy's catastrophic.
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