Thursday, February 19, 2009

MORTGAGE BAILOUT: "COST ROUGHLY ZERO!" - Just a Minute Radio for Friday 2-20-09

            According to the Almanac ‘winter broke its back’ last week – but I guess the thermometer didn’t get the memo.

 

            So here we are – “very cool” – Discovering what the President means when he says if we don’t do anything, everything will get a whole lot worse. I find it hard to reconcile with other pronouncements he’s made – and here we are hardly 30 days into his Presidency. What a mess already!

 

            “ T’was ever thus!” says the poet… But we hoped for some breathing room. Six or so – depending on how one is counting – Cabinet (or sub-Cabinet) offices have had significant difficulties with finances, experience or not paying Nannies’ withholding taxes – all of which seem rather elementary for the scope of the responsibilities they are shouldering. [But some GOP appointees have had the same types of problems… so glass houses and all that.] Even the appointee to succeed the President in the Senate has made a huge tangle of his testimony – or has overseen a making of a tangle by not ‘remembering’ to whom he told what. That one’s going to hang around a long time I believe.

 

            In any case it does seem the White House speechwriting crew – and those checking such things – would do a more thorough job of vetting what they wrote, or at least reading it over in advance of giving it. But there too… there are many who have and continue to make such errors. About the best we seem to be hoping for is we’ll have a flat tire or broken axle – something to have a break-down *before* we get to the edge of the cliff. Sort of like hoping you’ll break a leg before you run the wrong way and make a touchdown for the opposing team.

 

            But – we know Spring *is* on the way. We’ve seen the daffodils and a few sprigs of Forsythia trying to bloom. I even have one small lonely little buttercup peeking out beside the patio step letting me know no matter how the markets fall, there’s always new life and it’s the season of the resurrection.

 

            Have a wonderful day and a blessed week-end.

 

            Cordially, IN HIM

 

            Jack

 

http://www.jebcovoice.net/audio/jama02-20-09.mp3

 

http://www.jebcovoice.net/scripts/jamt02-20-09.doc

 

If the links don’t work please try copying to your browser.

 

 

“JUST A MINUTE”

MORTGAGE BAILOUT: “COST ROUGHLY ZERO”

Just A Minute – I’ve got a question:

President Obama reading his speech off a teleprompter in Mesa, Arizona, on February 18th two days ago, talking about homes “underwater” meaning more is owed on them than they are currently worth and saying how his plan will allow Fannie Mae and Freddie Mac to refinance loans currently not allowed.

The President said his plan [and this is lifted directly from the White House transcript.] (Quote) “…will allow millions of families stuck with loans at higher rates, to refinance. And the estimated cost to taxpayers would be roughly zero.” (Unquote)

My question is: “Mr. President -- if the cost to the taxpayers is ‘roughly zero’ why in the world are we taxing ourselves and generations to come with this $787 Billion porculous bill that promises to keep us in financial slavery for decades to come?

“Please explain to us -- and to Congress – in small words we can all understand, why we are going through all this pain and trauma?” 

The relevant part of the President’s speech is posted at justaminuteradio.blogspot.com as well as the White House Press Office.

<> I’m Jack Buttram   (END)

 

Jebco Editorial Service

www.justaminuteradio.blogspot.com

E-mail n4zhk@arrl.net

 

 

http://www.whitehouse.gov/the_press_office/Remarks-by-the-President-on-the-mortgage-crisis/

 

 

   

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