I give you...my friend...**** Morris...

Conservatives are so aghast at the huge spending going on in Washington and the $1.75 trillion deficit (13 percent of our gross domestic product) it is causing them to overlook an even more basic question about the president: Is he competent? Does he know what he is doing?

To be specific: Does he know how to do anything other than spend money? His stimulus package, of course, took no special ability. He left the details of the projects up to the House Democrats, who are more than willing to fill in the blanks. But his two other major initiatives -- his banking and mortgage relief plans -- are both flawed and highly unlikely to solve their respective problems. Indeed, they are so wide of the mark that one has to ask if Obama is not only a radical but also an incompetent.

The bank bailout plan seems to be largely stillborn. Having wished that the private sector would flock to invest in toxic assets if they are offered the right incentives, the treasury secretary is still hoping. Crossing his fingers seems to have replaced effective policy in his planning. To date, no massive infusion of private sector capital seems in view, and Washington is doing little more than writing checks on its overdrawn account to prop up the failing banks. That doesn't take a genius. But the difficult task of relieving the banks of toxic assets so they can rekindle the flow of loans seems to be beyond the ability of the president and his administration.

But conservatives can dismiss the utter failure of Obama's bank rescue plan, saying that he doesn't really want it to succeed. He probably wants to nationalize the banks -- and never let them go. But he can't say that, yet, and has to make a good show of doing all he can to rescue them before swallowing them whole.

But then came Obama's mortgage rescue plan, an equally flawed proposal. Clearly, Obama, liberal that he is, wants his rescue plan to work. He is anxious to bail out homeowners facing foreclosure. Those are his constituents, after all. But the mortgage rescue plan he has proposed will fall far short of the mark.

Incredibly, it excludes anyone who has lost their job and can't afford to make their payments, even if they were to spend 31 percent of their income trying to do so. If you can't come close to affording your mortgage, even if only because of a hopefully temporary loss of employment, forget about it. Obama is not going to help you.

Nor will he help you if your mortgage exceeds your home's value. One out of five mortgages now fall into this category. Obviously, the fall in property values occasioned by the depression will put more and more homeowners in this category. Certainly, a great many of those who need relief to keep their homes find that the amount of their loan exceeds the value of the underlying house and land. But they can expect no help from Obama's rescue plan.

Why would a liberal be so callous? Why would he leave so many out in the cold? Could it be that Obama simply lacks the competence to figure out how to help these folks? Could it be that he cannot devise a counter to his financial advisors who presumably wanted to exclude these folks?

And ... who induced these poor folks to buy homes they couldn't afford, anyway? It was the Clinton administration's Housing and Urban Development Secretary Henry Cisneros who urged Fannie Mae to spend 42 percent of its money buying mortgages for lower-income people and who suggested that they no longer require down payments. And it was his successor, Andrew Cuomo, who upped the ante to 50 percent of the Fannie portfolio. After Democrats inveigled people to buy homes they cannot afford, how can they justify passing a plan that excludes them from assistance?

It appears that Obama is at sea when it comes to financial policy, economic recovery planning and credit rescue efforts. We are not only stuck with a radical and a socialist, but possibly an incompetent one at that!

Obama - good.

Bush - not good.

Ummm NO he does not know what he's doing but millions could not see that BEFORE putting his stupid a** in office!

No president starts really doing anything their first year in office except taking out the trash from the previous presidency. I'm not for or against the man, but at least give him a chance. Not even been 3 months. GW had lots of time to f-ck up this country!

Right On!!

your right

um..... who is bush? oh, THAT one? but he's gone. it's ok, you can let it go. time for the other side to run us into the ground. oh yes, it will happen. we're fundamentally flawed as a country. we must surrender our collective will to allah! lol

your right grneyedldy

so i've noticed this site's users are a bit to the right and angry or to the left and clueless. i feel danger ahead...

No he doesnt know what he is doing and will fail. any success he has will show up when he is out of office.

i say we go to war. that usually helps economies. i don't mean this liberating and rebuilding crap. fock that. let's just start mowing over whole nations. first, let's get venezuela. hugo chavez annoys me. i would say go for north korea but really, how do they pose a threat. they're broke. naw... let's go for russia. they've been getting kinda uppity recently.

Ummm...I let it go. I'm giving the new President a chance.

Obama has FAILED. Let's call a new election.

good for you though you might not be welcomed in this particular forum. As most people here were against him from the start and don't even want to give him that much, but oh well just as with extreme religious nut jobs who are always going to have there views no matter what anyone else says, there are going to be political extremesits as well.

Obama REFUSES to kiss Di cK, Morris.

on both sides...right ?...I think there are many people who feel duped...in other words...if he clearly stated ...what his entire agenda was about...during the campaign...100% honesty...he would never have won...I said it before...and...I will say it again...when he's off the teleprompter...he's an empty suit...clueless...vapid...the eyes start go...*blink*...*blink blink*...and the little birdie suddenly appears...circling above his noggin...

Now your turn...

you are new aren't you. it will reverse when a republican is in the office....and will reverse back with a democratic.

Yeah on both sides and clearly your on one of them and I guess there has to be too counter the nut jobs on the other side, but just continuing to bloviate clearly biased opinions in a hissy fit because your party lost the last election is not going to make things any better nor is it going to get those of us in the middle who would say they voted for Obama not because necessarily on his political views but because he didn't constantly just rant biased hate speech against the other party. I personally think the entire government should be ousted and we should elect a bunch of homeless bums in office and let them decide how to run things after being read the constitution, but seeing as I didn't have that option I chose Obama.