While declaring the gravest national security threats were detected post 9-11, and then closing twenty-one U.S embassies (effectively placing shiny objects to distract the media from the NSA, IRS, & Benghazi scandals), Obama found time while golfing for seven hours to prepare his Fannie and Freddie speech in Arizona on August 6.
From a transcript of the speech: “First, private capital should take a bigger role in the mortgage market. I know that sounds confusing to folks who call me a socialist — I think I saw some posters there on the way in. (Laughter.) But I actually believe in the free market. And just like the health care law that we put in place, Obamacare — (applause) — which, by the way, if you don’t have health insurance or you‘re buying it at exorbitant rates on the individual market, starting on October 1st, you can join a marketplace and be part of a pool that gives you much lower premiums, saves you a lot of money. (Applause.)” (H/T azcentral.com)
How Alinsky of the president. See how easy it is to fool people without a legitimate media? “I believe in the free market” in one breath, and “Just like the health care law we put in place’ the next breath. Is there a human being alive, who is not socialist, that believes there’s anything ‘free market’ about Obamacare?
Did you catch the “by the way, if you don’t have insurance or you’re paying exorbitant rates” line? Why yes Mr. President we are paying exorbitant rates because premiums have been forced up 23% on average due to the ‘free market’ mandates in Obamacare. Funny, there will be more people without insurance now because the fine is more affordable than your affordable care.
Back to the speech: “But in the same way that what we did with health care was to set up clear rules for insurance companies to protect consumers, make it more affordable, but still built on the private marketplace, I believe that our housing system should operate where there’s a limited government role and private lending should be the backbone of the housing market. And that includes, by the way, community-based lenders who view their borrowers not as a number, but as a neighbor. So that’s one principle.”
“Setting up new rules to protect consumers, making it more affordable, but still built on the private marketplace.” In other words; we will order through force of law how an owner must conduct their business, which isn’t socialism because we let them maintain ownership, so when it fails it will be the businesses fault, then we can take it over. The guaranteed path to a government run single payer ’socialist’ health care system.
Moody's Puts Puerto Rico on Downgrade to Junk Review Citing Very High Debt, Pension Obligations, Chronic Deficits; Exodus Underway | Mike Shedlock
Radical Capitalism: A remote Indonesian village runs its own telecommunications company. (From a laptop and a tree) | Nick Sorrentino
Open Letter to Obama and Congress From Internet Giants Calls For Reining In Government Surveillance | Nick Sorrentino
(An important interview) Saving the Net from the surveillance state (And Crony Media): Glenn Greenwald speaks up (Q&A) | Nick Sorrentino