Thursday, July 1, 2010

Here's A Way For Nobody To Win.

OK, here's an example of how government, at it's finest, works. The Obama administration is giving help to people who install energy saving devises like solar panels and so on. They get a loan that they pay back from their taxes by getting reduced property taxes. What's not to like about that? Well, Fannie Mae and Freddie Mac the two quasi-governmental mortgage giants that handle nearly all mortgages in the country, have decided they may not accept mortgages that have used the energy saving program. See? One hand of the government giveth and the other hand taketh away. Blessed be the hands of the government. Now, you'd think that Fannie and Freddie would like people who show the good sense to try to find ways to reduce the costs of energy for their homes. You'd think that, but you'd be wrong. So, why do Fannie and Freddie dislike such thrifty people? Maybe they're afraid these people will figure out a way not to need Fannie and Freddie. Maybe, but not too likely. So what's the thinking at Fannieville and Freddietown? Well, see, the thing is, if these thrifty folks default and lose their homes to bankruptcy, the taxes will have to be paid first before Fannie and Freddie get anything. So people who are smart enough to think ahead and take advantage of an opportunity to save money, are considered more of a risk to Fannie and Freddie then people who just jump in and don't care about saving on heat or hot water or so on or so forth. Does any of this make sense to you? Me neither. That's government at it's best. Just imagine what government at it's worst must be like. I mean we could be fighting two wars we aren't paying for, find ourselves in a severe recession, have a devastating oil spill in the Gulf of Mexico that we can't stop, have a Supreme Court that has given the electoral process to Corporate America, a Congress that is frozen by partisan politics and a quarter of a world full of potential terrorists because we can't come up with a way to stop buying oil, and therefore can't get out of their countries. Do you suppose we're living with that worst government or are we just headed in that direction and this last year was just a short reprieve?

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