Two interesting emails

Obama and the "Mikoyan syndrome"

A comment received from Gerard Jackson of Brookesnews

A number of people have commented on the hypocrisy of Obama and his rich supporters, whose attitude is one of "do as I say and not as I do". Critics do not realise that this is characteristic of leftists. They always exempt themselves from their own strictures. I call this behaviour the Mikoyan syndrome.

Anastas Mikoyan was a communist agitator in oil refineries at Baku Batoum that were owned by an industrialist called Zubalov, Mikoyan led strikes, protests and organised study groups. One can think of him as the pre-Soviet equivalent of a "community activist". However, once the Soviets grabbed control of the state he took Zubalov's mansion for his own, including the servants, cracked down on strikes, shot protestors, banned study groups that questioned the party's authority and sent their organisers to labour camps. He was justified in doing this because - like today's Democrats - he believed that anyone who challenged the Party was evil or stupid. I regret to say that Mikoyan survived Stalin's purges and died of old age, unlike thousands of his victims.

At the end of the day, Obama is nothing but a highly polished Hugo Chavez with the same corrupt instincts. To him the crisis is an opportunity to plunder Americans and then - with the willing assistance of America's corrupt media - use the loot to effectively turn the US into a one-party state.

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Obama adds to the mortgage problem

An email from the National Association of Realtors. Simplistic Leftist thinking about "the rich" is going to make the financial crisis worse

You may have seen news reports about President Obama's budget proposal that was released today at 11:30 AM Eastern Time. A small section of the sweeping budget plan has the potential to become a major impediment to a recovery in real estate markets across the nation. NAR is 100% opposed to the provision that modifies the Mortgage Interest Deduction and is prepared to use its formidable array of resources against its enactment.

As currently drafted, the plan changes the Mortgage Interest Deduction by reducing the amount of mortgage deductibility on families earning over $250,000. This proposed change in the Mortgage Interest Deduction will result in further erosion of home prices and home values. If this proposal is enacted it will lead to a new round of price depreciation, will cause greater distress on the balance sheets of banks as the collateral value of mortgage backed securities declines. A second credit crisis could emerge before the first one is resolved.

As you read this NAR is launching a multiphase plan of action to eliminate this provision from the budget plan. In the next 24 hours, NAR will be expressing our concerns directly to President Obama, to all members of the United States House of Representatives and the Senate, placing advertisements in the publications read by Washington, DC decision makers. Additionally, NAR will be forming a coalition with other groups affected by this proposal.

Posted by John Ray.