OBAMA SAYS "WE CAN'T WAIT" ON JOBS BILL

President Obama has announced his WE CAN'T WAIT PROGRAM as a way to implement his policies on how to get the economy growing again.What we have here is just more of the same that got us in this trouble to begin with.The Community Reinvestment Act , passed during jimmy Carter's administration, started us down the road of creating this housing bubble,which eventually helped cause the financial meltdown we experienced in 2009.Then the Clinton administration made some changes to the legislation which put more pressure on the banks to lend money to low income communities.

This Act also relaxed lending requirements of the banks and the customers by not having to prove their financial worth and taking their word on how much income they had coming in. People like Congressman Barney Frank,who was chairman of the House Financial Services, repeatedly supported Fannie Mae and Freddie Mac,who made thousands of these sub-prime loans.On more than one occasion, Mr.Frank defended these two Government Sponsored Entities,dressing down regulators testifying before his committee ,that Fannie Mae and Freddie Mac needed to be reeled in.Many other Democrats on the committee also chimed in saying that there was nothing wrong with the agencies and that the regulators only wanted to punish the poor.

So now Obama is bring back the bailout of the housing market, which will only lead to more taxpayer money being wasted.The only way that the housing sector will recover is to let the natural process of foreclosures take place.Yes, it will be painful,but the way we are addressing it now is only going to create a bigger bubble.

President Obama told us when he was first elected, that creating and saving jobs, was his main focus.Instead, he worked relentlessly on the Health Care Bill.Then when that passed,and millions of workers still unemployed, while adding more every week, he announced on national TV, that he was laser focused on creating jobs.First of all, the Government can't create jobs, but only the environment,such as relaxing regulations, and permanent tax rate cuts, not one time tax credits.

One thing that is certain, Obama is laser focused on saving one job and that is his.His campaign slogan while running for President in 2008 was Hope And Change The main change we need right now is the Office of President of The U.S.It can't come soon enough.