John Ransom

Obama and Romney are getting really good at this.

They just wave their hand and the rest of us fall into line.

Both of them recently unveiled huge new proposed government mandates aimed at making government a bigger player in the masterpiece economy that Big Government Inc. has given us, in these, the waning days of the Boomer generation.

Obama’s working on solving the whole "real estate" crisis and Romney’s working on solving the whole "fairness" crisis.  

Obama’s mandate was to banks.

“President Barack Obama proposed to let more homeowners take advantage of today's record-low interest rates and expand federal programs to borrowers with mortgages not funded through government entities Fannie Mae, Freddie Mac and the FHA,” writes Fox Business. “Under that program, the FHA would likely guarantee the new loans.”

You mean all we have to do is let the government guarantee more bad loans?

Gee, I never would have thought of that. I bet you wouldn’t have tjhought of it either. That why He's president.  

Obama wants banks to start loaning money to people who can’t afford their houses.

Obama figures in this way he can solve the problem the government created when they forced banks to start loaning money to people who couldn’t afford their houses to begin with.

Obama and the government are currently suing banks who lent money to people who couldn’t afford it, and apparently- surprise- that plan’s not working. Banks aren’t loaning money, despite the punishment that’s being meted out by the government for doing what the government asked.

People who can’t afford houses got the economic lesson that politicians are avoiding, and- guess what?- they  aren’t applying for mortgages.

So Big Government Inc.’s interim CEO, Barack Obama, has a new scheme.

He is going to tax banks- and ultimately you- that he just sued for loaning money to people who couldn’t afford it, so that the feds can have a slush-fund to work from so banks can loan money to people who can’t afford it.

I know, I know: You are confused. But don’t worry, the forensic accountants will be just as confused in the end.

And really, for Big Government Inc. that’s all that matters.  

CEO-in-Waiting Mitt Romney’s government mandate is much, much broader.

He wants to make employers give automatic pay raises that are tied to inflation to all employees at the minimum wage level.


John Ransom

John Ransom is the Finance Editor for Townhall Finance.
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