Senator Johnny Isakson, Can You Name His Party? Buffoons On Parade…

Just so we are clear about what is bothering many regular citizens in this country. In my business if something doesn’t work I don’t continue to throw money at it. Used to be that we could tell who the Republicans and Democrats were by where they stood on throwing money towards problems. Read the snippet below and try to apply that same reasoning to the problem and you will probably guess this buffoon is a Democrat…you would be wrong.

Johnny Isakson’s Position Statement on the Economy
As our nation continues to struggle through the current economic crisis it is important to stay focused on the recovery aspects. I believe the key to returning stability to the economy lies within the housing market. We must find a way to keep people in their homes, stabilize foreclosures and return consumer confidence to the marketplace. Once stability comes back to the housing market, you will see investors and small business begin to reinvesting in job creating activities, which will put hard-working Americans back to work. I will leave no stone unturned in pushing to address the housing market as the catalyst for turning around our entire economy. Our nation has always demonstrated a strong resiliency and I am confident we will once again bounce back stronger than ever, where hard-working Americans are at the front lines of economic prosperity.

Tax Credits for Homebuyers

I believe our economic problems start with the housing market and that we must restore the house market if we are going to restore our economy. To draw buyers back to the market, I have introduced a proposal to invigorate housing demand and to boost the economy by expanding the first-time homebuyer tax credit passed by Congress earlier year.

Specifically, my legislation would increase the maximum amount of the credit from $8,000 to $15,000 and expand the current tax credit so that it applies to any buyer of any home, not just first-time buyers. My legislation also would eliminate the income caps of $75,000 for an individual and $150,000 for a couple under the current tax credit so that there is no income limit for eligibility. Finally, the legislation would extend the tax credit for one year from date of enactment and would still allow homebuyers to claim the credit on their 2009 tax return for purchases made in 2010. Johnny Isakson, United States Senator

Senator Isakson identifies the problem as foreclosures when in reality that is a symptom. It is exactly the result of his easy money, no penalty for failure policies, policies that he would like to double down on. Folks walk away from houses when they don’t have a lot of skin in the game. If I don’t put any money down plus I get tax credits for playing House Casino and additionally it is official policy that it wasn’t my fault and no penalty should occur if I walk away…well guess what? I will walk away when it becomes non-profitable. But since when has it been a Republican value that we take money from those who earn it to give to those who gamble it? Since when is it considered prudent to play the housing market like penny stocks? When did Republicans sign on to that nonsense…?

One of the biggest problems facing the American people today is an illiquid housing market, a decline in their equity, a decline in their net worth and a depression in the housing market that we are obligated to correct if we possibly can. Today, in the United States, one in two sales made every day is a short sale or a foreclosure. That is an unhealthy market, and it is continuing to precipitate a downward spiral in values, loss of equity by the American people and a protracted, difficult economic time for our country.

“We are obligated to correct”…who is this we Kemo Sabe? You got some dumb folks who love throwing good money after bad hiding in your pockets? This bubble you idiotic politicians have created may be the death of our financial system. It has already brought down a tremendous number of banks who thought gambling with other peoples money was a good idea. You not satisfied yet? Want to blow that bubble up one more time?

How can we counter “progressive” Democrats when Republicans are proposing essentially the same dumb programs? Let me clue you in Senator Isakson.

The housing market NEEDS to run out all these get rich quick schemers. And it needs to run out all those folks who did not use the same sort of prudence those of us who are not in trouble used when buying our houses. There needs to be a financial bar that folks need to be able to step over. There have to be penalties for those who fail to uphold their commitments to paying their bills.

Sorry this is harsh but it is reality. You seem to have no problem at all using my money to bail out folks whose decision making skills rival my fish. I am offended by this since my money does not grow on trees. Senator some of us have to actually work for our money…we would appreciate it if you didn’t throw it away.

Republicans heal thyselves!

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