APRIL FOOLS

Christopher MarkowskiArticle, Research & The Economy0 Comments

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APRIL 2013

I read it, but I didn’t believe it.

President Barrack Obama has decreed April, “National Financial Capability Month.”  This administration with all its knowledge and insight, will do things such as teach our nation’s youngsters “how to budget responsibly.”

Obama’s Official Proclamation…

“I call upon all Americans to observe this month with programs and activities to improve their understanding of financial principles and practices.  My administration is dedicated to helping people make sound decisions in the market place.  Together, we can prepare young people to tackle financial challenges from learning how to budget responsibly, to saving for college, starting a business, or opening a retirement account.”

Wait a second…this must be an April Fool’s joke I thought.  Understanding financial principles and practices, how to budget responsibly?  From the same people that brought you Cash for Clunkers, the Making Homes Affordable Program, Green Jobs, not passing a budget for years and has added to the national debt by $53,377 per household.

But wait there is more…

The very same day I caught wind of a new initiative being pushed by the Obama administration to make more home loans available to people with weaker credit.

That’s right folks…weaker credit.  I do happen to recall that same thing happening not to long ago with some not so positive results.

The Obama administration states that giving money to people with weak credit will help restart an economic recovery.  Obama’s economic advisers and people and other so-called experts (I would call them idiots) say the nation’s wondrous much-talked about and celebrated housing recovery is “leaving too may people behind,” including young people looking to buy first homes and individuals with credit weakened by the recession.

Sure thing.  I am sure young people’s inability to buy homes has nothing to do with the fact that youth unemployment in the United States is over 20%, or that these youngsters might be laden with an enormous amount of student loan debt for more often than not, some useless degree.  For individuals whose credit scores have been hit over the past few years, that might have something to do with the fact that they have a tough time paying bills in this new Socialist/Western European/Hope and Change economy that is all the rage.

April Fool’s everyone!  The joke is on all of us.

Jeffrey Terence P. Obama Proclaims April The Month To Teach Young People “How To Budget Responsibly” CNS News 4/1/13

Goldfarb Zachary A. Obama Administration Pushes Banks To Make Home Loans To People With Weaker Credit The Washington Post 4/2/13

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