Obama is now blaming the republicans for failing to approve his nominee for the consumer protection bureau. Obama claims that we need more oversight. The question is oversight of whom? Who oversees the overseer? Isn't congress and the president and the hundreds of other committees enough o protect us consumers, otherwise known as American citizens.
The republican objection, to Obama's nominee, has nothing to do with the capabilities of the nominee, it is the underlying premise that we need another federal agency overseeing what the administration is already getting paid to do now. Another federal agency is another mountain of misguided tax dollars. By the way, the last oversight committee, on the TARP funds, admitted they still do not know where the $185 billion went that was sent to AIG. The outrage on this issue has been ground down by Obama and swept under the rug with the supercommittee and the solar power investments by the DOE.
And Obama infers that if we had the consumer protection bureau, we would not have had the mortgage crisis. Obama also claims that a failure by the republicans to extend the payroll tax deduction is taxing the middle class in favor of the rich. I disagree. A genuine tax on the middle class is when the value of your home equity - retirement money - is taken from you and Obama bails out the takers, and does nothing for the Takees, that is you an me. Could Obama stop it from going any farther? Sure. Place a moratorium for two years on all foreclosures.
The problem is that Obama's claims and reckless accusations go unchallenged. And the breadth of his claims are expanding. Obama seems to enjoy listening to his own oratorical skills, which are impressive, much more than using his "do something" skills which are not impressive at all.
Meanwhile, Romney refuses to counter Obama's claims at all. It may be that the only candidate that has the vision to see through Obama's conclusions to his faulty premises is Gingrich.
I, for one, am looking forward to the Gingrich-Obama debates. It will make the survivor shows look like vanilla ice cream.
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