By Kathy Barnette ——Bio and Archives--January 16, 2012
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THE PRESIDENT: “For almost half a year (almost 6 months), Republicans in the Senate have blocked Richard’s confirmation….The only reason Republicans in the Senate have blocked Richard is because they don’t agree with the law that set up a consumer watchdog in the first place…” “…we were pretty patient. I mean, we kept on saying…let’s go ahead and confirm him. Why isn’t he being called up? Let’s go. Every day that we waited was another day when millions of Americans were left unprotected….And that’s inexcusable. It’s wrong. And I refuse to take no for an answer.” “…But when Congress refuses to act, and as a result, hurts our economy and puts our people at risk, then I have an obligation as President to do what I can without them…”(vi)Now let us examine the President’s comments. His chief complaint is that after almost 6 long months, Congress could not decide on his nomination. Is it necessary for us to review history and discuss the Congressional scrutiny and public opinions surrounding Harriet Miers, Justice Samuel Altio, Justice Clarence Thomas, and others? Stalemates happen in politics. Stalemates are one of the ingenious protective powers our Founding Fathers incorporated into the U.S. Constitution – called checks and balances. What can be said about differing opinions? Dr. Thomas Sowell, says it so well in his book – The Vision of the Anointed, “An appreciation of the many complexities involved in resolving controversial issues might suggest that the existence of alternative conclusions is something quite reasonable to expect among intelligent and informed individuals.” He goes on to say, “From this perspective, complexities suggest intellectual or ideological tolerance.” As we have come to learn, those chanting tolerance are not tolerant of any opposing views. Even if those opposing views, as Dr. Sowell says so perfectly, suggests we are intelligent and informed people. So, we submit to our President, that having a difference of opinion is not a call to irrational behavior – such as, picking up your toys and leaving the sandbox. Instead, it is a sign of intelligent life. Let us also not forget, that our current U.S. National Debt is now approximately $15.2 trillion dollars. This is up almost $1 TRILLION dollars since we raised the debt ceiling almost 6 months ago on August 2, 2011. Within the same 6-months timeframe President Obama’s been waiting for Congressional approval of Richard Cordray, our government has spent $1 TRILLION. Please do not lose sight of this very important point that in 6 months we spent $1 TRILLION dollars. According to the President, he promises “to do everything (he) can every day, every minute, every second, to make sure this is a country where hard work and responsibility mean something and everybody can get ahead.” A huge inroad to achieving this is reducing our national debt, not by expanding government oversight. We must begin to reconcile this in our mind: An expanding government always equals an expansion in social policies, followed by a reduction in personal liberties, an expansion of our national debt and a hike in individual tax rates to pay for the expansive government.(vii) We lose.
THE PRESIDENT: “That makes no sense. Does anybody think that the reason that we got in such a financial mess, the worst financial crisis since the Great Depression, the worst economic crisis in a generation – that the reason was because of too much oversight of the financial industry?”Yes, we do think this and for good empirical reasons. Among the complex reasons one could give to point to the cause of our economic crisis, at the heart of those reasons would be two government lead policies. One, our out of control national spending, which is always sponsored, passed, and administered by Uncle Sam. Two, President Clinton’s Community Redevelopment Act, also known as the Community Reinvestment Act, designed to strongly encourage financial institutions to meet the needs of all borrowers in all segments of the market. And in so doing, this Act ushered in the risky subprime loans that President Obama and Democrats now decry as not only greedy but “predatory”. This is the reason they give to mandate further government intervention with the appointment of Mr. Cordray. Further consider that it was this very sort of government oversight that allowed “greedy” financial institutions to lower their asset-liability reserves. Effectively guillotining any chance that financial institutions may have had in self-correcting and covering their liabilities if the economy and housing market fell. This policy proved disastrous as we sat back and watched our government introduce the largest bail-out in history. Lastly, keep in mind, that it was government oversight that placed U.S. Congressman Barney Franks on the advisory board of the government sponsored Fannie Mae and Freddie Mac that enabled the reckless behavior of financial institutions. With government-lead oversight like this, who needs it? Definitely not the American people. It is clear, that many will read this article through the lens of a political affiliation, or from the side of race and personal affinity. Similar to having an opinion, everyone has a perspective or way of seeing things. It’s inevitable. We all have biases. Yet, it is possible to lay our inherent perspectives, biases, preconceived notions along side what we know to be true and the most responsible choice for generations to come. Only in doing such, do we stand a chance of weaving through the web of political rhetoric to saving our beloved republic. Anything less and we may very well be the generation from which precedents are cited from to move the balance of power from the people and to the hands of an elite “anointed” few. Sources: i Anonymous, from Farrand’s Records of the Federal Convention of 1787 ii Forbes iii House Speaker Nancy Pelosi’s comments to the 2010 Legislative Conference for the National Association of Counties. iv New York Times v “Bucking Senate, Obama Appoints Consumer Chief”, New York Times, vi “ Obama Announces Cordray Recess Appointment”, vii “Obama to ask for debt limit hike: Treasury official”,
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Kathy Barnette is a conservative black young mother and wife, with intelligent perspectives and views that are oftentimes controversial in light of mainstream media. She communicates as an apologetics speaker and writer. She is an adjunct Professor and her corporate career includes working with two major Wall Street firms. She served her country for 10 years in the Armed Forces Reserves, where she was accepted into Officer Candidacy School. Kathy currently sits on the board of a crisis pregnancy center. Kathy is also the founder of Truth Exchange Ministries. The purpose behind the roundtable dialogues is to engage minds to think critically about the world around them from a Biblical perspective. TruthExchange