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March 16, 2009
Dick Morris Asks: "Is Obama Competent?"
Does Obama Know What He Is Doing?
by Dick Morris
Conservatives are so aghast at the huge spending going on in Washington and the $1.75 trillion deficit (13 percent of our gross domestic product) it is causing them to overlook an even more basic question about the president:
Is he competent?
Does he know what he is doing?
To be specific: Does he know how to do anything other than spend money? His stimulus package, of course, took no special ability. He left the details of the projects up to the House Democrats, who are more than willing to fill in the blanks. But his two other major initiatives -- his banking and mortgage relief plans -- are both flawed and highly unlikely to solve their respective problems.
Indeed, they are so wide of the mark that one has to ask if Obama is not only a radical but also an incompetent.
The bank bailout plan seems to be largely stillborn. Having wished that the private sector would flock to invest in toxic assets if they are offered the right incentives, the treasury secretary is still hoping. Crossing his fingers seems to have replaced effective policy in his planning. To date, no massive infusion of private sector capital seems in view, and Washington is doing little more than writing checks on its overdrawn account to prop up the failing banks. That doesn't take a genius. But the difficult task of relieving the banks of toxic assets so they can rekindle the flow of loans seems to be beyond the ability of the president and his administration.
But conservatives can dismiss the utter failure of Obama's bank rescue plan, saying that he doesn't really want it to succeed. He probably wants to nationalize the banks -- and never let them go. But he can't say that, yet, and has to make a good show of doing all he can to rescue them before swallowing them whole.
But then came Obama's mortgage rescue plan, an equally flawed proposal. Clearly, Obama, liberal that he is, wants his rescue plan to work. He is anxious to bail out homeowners facing foreclosure. Those are his constituents, after all. But the mortgage rescue plan he has proposed will fall far short of the mark.
Incredibly, it excludes anyone who has lost their job and can't afford to make their payments, even if they were to spend 31 percent of their income trying to do so. If you can't come close to affording your mortgage, even if only because of a hopefully temporary loss of employment, forget about it. Obama is not going to help you.
Nor will he help you if your mortgage exceeds your home's value. One out of five mortgages now fall into this category. Obviously, the fall in property values occasioned by the depression will put more and more homeowners in this category. Certainly, a great many of those who need relief to keep their homes find that the amount of their loan exceeds the value of the underlying house and land. But they can expect no help from Obama's rescue plan.
Why would a liberal be so callous? Why would he leave so many out in the cold? Could it be that Obama simply lacks the competence to figure out how to help these folks? Could it be that he cannot devise a counter to his financial advisors who presumably wanted to exclude these folks?
And ... who induced these poor folks to buy homes they couldn't afford, anyway? It was the Clinton administration's Housing and Urban Development Secretary Henry Cisneros who urged Fannie Mae to spend 42 percent of its money buying mortgages for lower-income people and who suggested that they no longer require down payments. And it was his successor, Andrew Cuomo, who upped the ante to 50 percent of the Fannie portfolio. After Democrats inveigled people to buy homes they cannot afford, how can they justify passing a plan that excludes them from assistance?
It appears that Obama is at sea when it comes to financial policy, economic recovery planning and credit rescue efforts. We are not only stuck with a radical and a socialist, but possibly an incompetent one at that!
Wild Thing's comment........
Good article by Dick Morris and some things to think about.
By our standards, no he does not know what he’s doing. Hahaha
But his agenda is to destroy our country as we have known it so I say YES he does know what he is doing.
All in one month the Obama and his cabinet picks along with the rest of the Democrats in power, have put through his abortion culture of death bill to be able to kill live babies that survive abortion, he has insulted our allies, apologized to the Taliban, doubled the national debt, quadrupled the deficit, and killed the national economy. He's destroying Capitalism one step at a time so he can turn the USA into a 'socialist utopia'. (yeah, I know. That's an oxymoron lol )
Obama's call for "change" and "unity" is not so much an invitation but a command.
....Thank you Mark for sending this to me.
Mark
3rd Mar.Div. 1st Battalion 9th Marine Regiment
1/9 Marines aka The Walking Dead
VN 66-67
Posted by Wild Thing at March 16, 2009 07:50 AM
Comments
Obamanation said it all in one sentence--America is the greatest nation...I hope you'll join me in changing it."
What part of that didn't those blind, deaf and dumb liberals understand?
Change America to what?
Those of us with any brains whatsoever heard it and understood it and voted for someone else.
Obamanation is probably the most immature, less abled to run this nation than a can of tuna fish! Wait, the can of tuna is smarter!
Posted by: Lynn at March 16, 2009 08:18 AM
That's quite a list. I saw somewhere there's a list of 52 screwups in 52 days of Obamarama. They are advertising Greta's show tonight featuring Obama's slipping poll numbers. Ha! You know, she and her husband were Dems who jumped ship this year...along apparently with people like Dick. They knew, like we did, that he was over his head and only interested in his radical agenda and pay for play paybacks.
Check the list for taxday teaparties: http://taxdayteaparty.com/
There's one an hour from me in Champaign. Could be interesting.
Posted by: Eden at March 16, 2009 08:46 AM
Bret Baer had a special on Fox last night, only caught the tail end of it but the part I caught, he was interviewing Gingrich, who said, the Stimulus wouldn't work.
Sounds to me like ole Newt, is agreeing with Rush, but saying it in PC way as not to offend anyone in high places. The wimps way out.
Does he know what he is doing ? It sure as hell doesn't sound like it. He can spend money, but any democrat has that down to a science, spending money especially when it not theirs, is no problem for democrats.
Posted by: Mark at March 16, 2009 10:51 AM
Yes, politicing, spending, lying, socialization. Obama has these down pat along with massive egotism. I don't know how competent Obama or his appointees are. They seem more like a collection of professional crooks.
Whether or not Obama is competent or not is a legitimate question. Whether just incompetent or lying and plotting, Obama is dangerous and is destroying traditional America. Either way he is attempting to break us down and turn us into a socialist nation.
Posted by: TomR at March 16, 2009 11:22 AM
I knew he did not know what he was doing, but I did not know that it would be this bad.
Posted by: Odin at March 16, 2009 12:35 PM
He's as competent as Charles Taylor of Liberia or Papa Doc of Haiti!!! Like all puppet dictators he is only the manifestation of those behind the scenes, who are the puppet masters, is it the CPC, Pelosi and Reid or someone like Soros with a higher eschelon of Communists/Islamist destroying the nation, Chinese, Russian or Saudi?
Posted by: Jack at March 16, 2009 02:16 PM
Why would he have to ask? Just a question.
Bob A.
Posted by: Bob A at March 16, 2009 06:42 PM
Lynn, exactly, "change America to what". He was so unhappy with our country, he and Michelle should have packed up and moved.
Posted by: Wild Thing at March 16, 2009 06:51 PM
Eden, thank you for the link to the list.
I am so glad Greta is doing this tonight. I only had heard her husband was voting for McCain/Palin I was not sure about Greta so that is good news.I had a feeling she and Sarah get along good it always seems like they are comfortable in interviews. I love the interviews Greta has done with Palin.
Posted by: Wild Thing at March 16, 2009 06:56 PM
Mark, thanks for the information about Bret Baer's show and Newt.
Your right too about the dems and spending money.
Posted by: Wild Thing at March 16, 2009 07:00 PM
Tom,I agree they sure are...."They seem more like a collection of professional crooks."
Posted by: Wild Thing at March 16, 2009 07:04 PM
Odin, I know what you mean.
For me I knew what his agenda was but it has shocked me how fast he is trying to get it done. I was thinking he would do a little at a time so it would not be as noticable, but he is running not walking us into socialism.
Posted by: Wild Thing at March 16, 2009 07:08 PM
Jack, good examples!!!
Posted by: Wild Thing at March 16, 2009 07:13 PM
Bob A., LOL there is that too. Like it has been said on other things, if a person there must be a lot of questions about it.
Posted by: Wild Thing at March 16, 2009 07:15 PM
Obama's first address to a joint session of Congress included a little gem that the nation that "invented the automobile will not turn its back on the automobile."
I am sure that is of great comfort to the automobile workers building cars where Karl Benz invented the automobile in Germany. That nobody who now works in the Whitehouse could tell BHO that the automobile is a German invention is of no comfort to me at all.
That is only a $100 answer on Jeopardy. Weird Al could beat this lot.
Posted by: Avitar at March 17, 2009 01:52 AM
I wouldn't let the useless cocksucker babysit my Grandchildren. That is how I view his competency.
Posted by: Glenn Cassel AMH1(AW) USN RET at March 18, 2009 09:50 AM
