Don't Place Your Hope On Republicans

We are on a four-man bobsled with Obama, Pelosi, Reid, and the entire Obama White House. We’re headed down a black slope at Breckenridge. We’re going down a 90-mile-an-hour slope. There’s a cliff up ahead. It’s on Pike’s Peak, for crying out loud. There’s a 12,000-foot drop ahead of you. And nothing is going to stop – whoof　– going off that cliff. No retrenchment, no amount of tax cuts is going to fix what ails this economy.

Now, I can tell you what would fix it and what would repair it and what would begin the process of bringing prosperity back. But it will be painful in the short run. It will not seem that it’s doing anything of the sort. And, well, no, not John Boehner. You think Boehner’s going to bring prosperity back? What? All right. Well, listen. Of course I am for cutting taxes. But I go beyond that. I mean, I’d rather have less taxes than more taxes. Let me say that.

But I go beyond that. How about abolishing the taxes? How about abolishing the insidious, invidious, heinous, evil, despicable, disgusting impediment to your own personal happiness and to keep the fruits of your own labor, the income tax. How about abolishing that? I’ve talked about abolishing the capital gains tax. I’ve talked about abolishing many taxes, not dealing with them, not making them less progressive, not taxing the rich less. I don’t care what the rich make. I want to be one of them. And I don’t want to pay the rest of you people for my success. And I refuse to hand over my money that I’ve legally earned through my own hard work because you think I should do it, or I should have some guilt trip on my head. That’s socialist, collectivist thinking there, and you ought to be ashamed of yourself for thinking that way. That’s the way Marx wanted you to think.

But back to McCain here. McCain’s going to be a leader in the United States Senate. He’s going to get in there, and he’s going to push for amnesty. As soon as this election’s over and he’s assured a seat for six years, he’s going to get in there, and he’s going to betray you people in Arizona, and he’s going to push for amnesty. He’s going to get in there with Lindsey Graham and all the rest of the amnesty crowd, and they’re going to meet with Obama, and they’re going to come up with a deal, and they’re going to – I’m telling you folks. You don’t think that Scott Brown and that crowd, you don’t think that Olympia Snowejob and Susan Collins, you don’t think that they’re not going to pick up right where they left off in 2006 and go right back to amnesty scamnesty sham? They’ll call it "comprehensive immigration reform," is what they’ll call it.

Folks, don’t get me wrong. I know some of you poured your hearts and souls into these elections, in these primaries. [Clapping] God bless you. Thank you. I’m glad that you did. That’s part of the little "r" republican spirit. My point in bringing this up to you today, and to focusing on McCain, is what is going to happen when McCain becomes part of the majority in the United States Senate.

Here’s what’s going to happen. I’ve already told you this. The federal government is out of control. It is too large to be constrained from within, besides the fact that people that are inside of the monster do not want to relinquish control. And they do not want to see their power diminished. It’s as simple as that. Now, if you watch my video on the whiteboard you know that those inside the state governments don’t want to do it either. They know where the gravy train is. They know where the money’s coming from. They know that they can’t tax the citizens directly to provide the services that they want to take credit for, so they let the feds do it for them.

Well, the problem that they’re going to run into and that we’re running into is that they’re all out of money. So now they have to start rearranging the deck chairs. And the only way to rearrange the deck chairs is to do what? What do they always do? Smoke and mirrors. Bait and switch. So the systemic changes that need to occur – let me give you an example of a systemic change that you just heard McCain say that he would vote against and he will not allow happen. He said we’ve got to keep – "We’re going to keep people in their homes." Why should people be kept in their homes? If you are a renter right now, and you dream of purchasing a home someday, let me ask you a question. Answer this yes or no. Or answer this more or less. Those are the two answers, more or less. If you are currently a renter, and you desire to be a homeowner someday, do you want to pay more money for your first home, or would you rather pay, would you like to pay less money for your home?

Now, those of you that are sane and rational want to pay less money for your home. So let me explain something to you, or try to explain to you. That means that every attempt that is made to forestall or to put off a foreclosure, like McCain just said, we’ve got to – we’re going to keep people in their homes. Every attempt that is made to artificially subsidize through government money, which means government money that is stolen at the point of the IRS’s gun from somebody else that had it and given to someone that hasn’t earned it, only prolongs the inevitable. But it also ensures, at least at some level, that you will not get the opportunity to purchase that home at a decreased price. When we get into the economic news later on today, and you see that sales of existing homes have plunged, there’s a reason for that. And the reason for that is that not enough foreclosures have happened, and the prices have not come down in line with what the economy says people should be willing to pay.

There has to be a massive liquidation here. This is going to take years. What is the figure, I think there’s 18 months, or eight months of supply of existing homes on the market. That number has increased. And the reason for that is because the government with its tax subsidies and with its programs is artificially keeping the prices high by not allowing the foreclosures to happen. The foreclosures must happen. And they’re going to happen.

This is the worst part about it. All that you’re doing is prolonging, you’re prolonging the recession and the depression. You’re not doing anything to help it. You’re making it go longer. With every move you make to try to keep the bubbles inflated that were caused by the malinvestment, you’re just putting off the ultimate day of reckoning. And you can’t have growth, you can’t have economic prosperity, not like some of you want, or think you’re going to get, without liquidating the bad assets, without liquidating the loans that shouldn’t have been made. You know what the worst part is, is loans are still being made to people that aren’t going to pay them back.

This my friends is a recipe for further disaster, and all you obama fans and followers are cheering it on, what, are you people braindead or are the elitists right that you people need to be taken care of from cradle to the grave......?
Does the ways of old, "hard work and sacrifice" scare you all that much that you all are willing to sell your souls to the liberal, marxist devil? What part of history don`t you understand, this type of collective behavior has never worked, look at whats happening in cuba as of yesterday........
Its time to wake up folks!