Despite president Obama’s sales pitch that the worst is behind us, many Americans are buying the snake oil that the Obama administration is peddling. With the United States congress on the brink of passing a financial reform package, that no one fully understands (2000 pages), loaded with false promises, hidden costs, liabilities, that does not fix the home loan “BUBBLE” fiasco, the American public is about to have a second financial disaster dropped on them. Fanny Mae and Freddy Mac the government run and secured financial institutions that are broke and responsible for driving the economic car into the ditch, are primarily run by the progressives, liberals and people known as democrats. Under their direction, the two institutions pushed for,  and backed risky home loans to people who could not afford them. A secondary result of their interference in the free market, was the out of control escalation of home values due to speculators who could sell houses to unwitting dupes. All those bad loans were packaged together and hidden on Wall street, while political hacks, like Barney Frank told us there was no problem. These same people, like senator Chris Dodd, are the ones who have created the new financial reform package that ignores the cause of the debacle, liberals and president Obama. Now the cycle is set to repeat with the administration pushing educational loans (college) through both Fannie Mae and Freddy Mac. The loans are given out to pretty much anybody, regardless of their ability to pay the loan back. Even with good intentions, the Americans trying to better themselves by getting an education, will be graduating into an economy that has no jobs to pay them ! It’s already happening, and it’s only going to get worse. Right now with the current U.S. national debt rising to 14 billion, and our government spending money like there is no tomorrow, the debt per citizen is projected at about 50K. The average 4 year college loan is 50K. Many college loans are even bigger going to 200K and more. The jobs to employ these people coming out of college, do not exist. To make the situation even worse is, the president is an academic egg head, who has never earned a buck in the free market, and his liberal elite buddies in the white house are all from the same backgrounds of academia. It is a known fact that the educational system is laden with huge costs for classes and books to pay for outrageous salaries and benefit packages of compensation for the egg head professors who teach “fantasy economics” rather than real economics as Mr Melon said. Now with the government institutions of FM & FM take over of educational financing and pushing as many loans as possible with false promises, it’s like deja vue all over again.Owning a home sounds good, and so does a college education. However, there is a right way and a wrong way to get where you want to go. The government messing with the free markets is not the right way.

President Obama has been telling us that the rebuplicans are the ones who drove the economy into the ditch and that why would we give them back the keys ? What he is not telling us is that he doesn’t need the keys, because he and all his liberal buddies, like Pelosi and Reid are all pushing the economy down a dirt road off the right path toward a cliff that they are committed to going over. To them, it’s only money “YOUR MONEY”, and even if your broke and owing money you can’t pay on your bills, your mortgage, your college loan, etc…you can still always pay more taxes to help fix the problems they create. It’s time to join our president in the blame game and to lay “THE BLAME” for the current mess and the disaster that is on the horizon on the president. This is Obama’s fault, this is the ObamaCon, this is Obamanomics in action, this is the snake oil. Wake up America before it’s too late.