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No God, Jerusalem or Manufactured Housing?

September 16th, 2012 14 comments

by Michael Barnabas

You don't have to be Jewish to feel deep concern about what took place at the Democratic National Convention (DNC). Responding to political pressure to put the word "God" back in their platform as well as to once again name Jerusalem as Israel's national capital, DNC delegates where asked to pass the motion by a 2/3 vote. The video I've asked to be posted below tells the tale. For those who question the commitment by Democrats to fair elections, please watch this CSPAN video and share it with others.

Once you've watched this objectively, everything else is spin and commentary.

Among the emails that come into me are from a White House 'group.' Some months back, there was an outreach by that White House group to the business community. The president, it was said, wants to help ease burdensome regulations, to make it easier on small businesses.

Excuse me?

How can we take such an election year outreach to small businesses seriously, by those who executed Dodd-Frank and ObamaCare?

Talk to an independent manufactured home builder. Ask them, with consumer complaints at new lows, why is HUD pushing more and more 'voluntary' – and other – regulations? Why don't we have the Duty to Serve implemented by the GSEs/FHFA?

The energy sector creates demand for factory-built housing, in places such as North Dakota, Texas, West Virginia, Ohio, Pennsylvania and other states. The current administration's policies, up until election year, were favoring gas prices of $8 to $9 a gallon for gas, as this video clip of testimony by Energy Secretary Steven Chu demonstrates.

While this next video clip has been pieced together, it reflects in President Obama and Vice President Joe Biden's own words, a path designed to foil coal fired energy production in the United States.

Without belaboring the point, some believe that anti-domestic energy policies such as these were a path to promote green energy by making conventional domestic energy sources harder to come by. Such policies directly harm domestic energy firms. But they indirectly harm our industry, which often provides housing for those workers, especially when they are in areas with high demand for housing.

We scarcely hear about enhanced pre-emption for HUD Code Homes these days. Why not? Wasn't it part of the Manufactured Housing Improvement Act of 2000?

Community operators created some 10 billion worth of paper to finance manufactured homes in their land lease locations. This was a free enterprise solution designed to fill the gaps created when lenders who vaporized – such as Conseco – went good-bye. But SAFE, Dodd-Frank and a plethora of other laws and regulations have so squeezed this 'captive finance' free enterprise solution in MHCs, that now community owner/operators are turning to rental homes in their properties instead.

Rentals?

Rentals in once all owner occupied communities?! The entire business model of community operators is being changed by the Regulators and their political allies who passed and fund those regulations. Shame on us if we let the party of Regulation be rewarded.

I'm appalled that some still want to believe in "hope and change," when we are heading "forward" towards a new fiscal cliff and a new recession in 2013. Some commentators already believe we are already back in recession.

How could we move "forward" by following the advice of those who gladly took Fannie and Freddie's PAC money? Politicians such as Congressman Barney Frank and then Senator Barack Obama? ACORN, community organizer Barack Obama and the Clinton Administration worked together to force lenders to issue loans to those who were not credit qualified. No doubt there were Republicans who colluded. Shame on all involved.

But it is gutless by Republicans to let the Democrats dish it out and not respond to such fables, blaming Bush II for the mortgage/housing meltdown when Democrats had a firm hand in the cookie jar that caused that whole fiasco.

They should call it the mortgage/financial services industry's version of Russian roulette.

When government interferes so massively in the free market, of course there will be unintended consequences.

But to falsely blame supply side economics for the mortgage/housing collapse is a creative lie or brutal ignorance. Neither the option of lie or ignorance are worthy of credence or support.

We don't hear much in Manufactured housing circles about how the run-up to the mortgage meltdown harmed our Industry. But it did! Easy qualifying, liar loans and the like created a false opportunity for hundreds of thousands of conventional housing buyers. A percentage of those buyers were or normally would have been manufactured home owners. As some manufactured home lenders about those owners who walked away from their HUD Code homes to get conventional houses during the run up to the mortgage/housing bust.

That put pressure on MH lenders and the MH market in general. As MHs where being left behind, of course values dropped, just as they have more recently in conventional housing neighborhoods plagued by foreclosures.

So federal policy harmed our industry in the early 00s, as thousands of our home owners left what become over-leveraged HUDs for what turned out to be over-leveraged conventional houses.

You can thank those politicians who made that happen to us then and more recently.

But let's not thank them by rewarding them with our support or our votes. That is like rewarding the thief by putting him in charge of law enforcement.

When politicians plunder the public treasury to fund with borrowed and tax payer money programs contrary to the Constitution and the public interest, it is time to end such madness.

Research I've seen indicates that some 44-47% of voters will vote for President Obama no matter what he says or does. That means the rest of us who are capable of a critical analysis and independent thought better show up at the polls and cast ballots wisely.

While applauding columns like the one on Voter Fraud, I was frankly disappointed when MHProNews published an interview with Congressman Joe Donnelly. Donnelly may be a co-sponsor of HR 3849, but he also voted for HERA 2008, which gave us the SAFE Act. Donnelly voted for Dodd-Frank. So while I understand the desire for 'balance,' I question the timing or "political correctness" of publishing the Donnelly interview during campaign season.

What we need when the industry is already in the lifeboats and are looking at possible new waves looming on the horizon is enhanced clarity, not confusion.

When even Time Magazine, Newsweek and the New York Times Magazine are publishing stories and OpEds that call into question or openly attack the Obama Presidency, MH trade publications need to be coming out loud, clear and strongly in favor of less government, lower taxes/regulations, a sane pro-domestic energy program and more free enterprise leadership.

The first pair of drafts of this article I was asked to edit and tone down. So this is the toned down version. I was also told that the editor would add a disclaimer and an invitation for responses. So be it.

Back to the top. Sham votes matter. They speak volumes.

Election year political posturing, via asking independent business owners and executives how to reduce the burdens or regulations matters too. It is the age old trick of seduction at work. We are being divided and conquered.

We are watching borrowed money and our tax dollars being turned against us to destroy the greatest economic system and the most free society in world history.

9/11 and U.S. Embassies ablaze reminds us why Jerusalem and God matters to America, and why that Democratic sham of a platform vote matters.

Manufactured housing matters too. President Obama stood in Elkhart, IN – an area where so many manufactured housing plants and suppliers are – talking jobs. Are there connections between all that is being covered in this column? Yes. They are just different corners of the same bolt of American political cloth.

If we sweep the current left wing crop of Democrats and RINO Republicans aside in favor of more free market oriented leaders, manufactured housing can blossom and grow again. All we need is a level playing field.

Some speculate that Ben Bernanke may have decided on QE3 – de facto printing money – to boost stock prices short term to help Team Obama win re-election. Whatever his motivation, the credit down grade cited below reminds us that the Bernanke/FED/QE3 policy is misguided. It will harm the middle class and seniors. Economic history reminds us that you earn, not print, your way to success.

“Ratings firm Egan-Jones cut its credit rating on the U.S. government to "AA-"

from "AA," citing its opinion that quantitative easing from the

Federal Reserve would hurt the

U.S. economy and the country's credit quality.” – CNBC

If we have supply-side Republicans in charge of the House and Senate, but fail to sweep out Architect Obama – the leader of our changed and hopeless society – we have not done enough.

“Patriotism means to stand by the country. It does not mean to stand by the president or any other public official, save exactly to the degree in which he himself stands by the country. It is patriotic to support him insofar as he efficiently serves the country. It is unpatriotic not to oppose him to the exact extent that by inefficiency or otherwise he fails in his duty to stand by the country. In either event, it is unpatriotic not to tell the truth, whether about the president or anyone else.”

― Theodore Roosevelt

26th President of the United States

For anyone who votes to re-elect the man who wants to move us 'forward' off the looming fiscal cliff, such a person could qualify as unpatriotic by Roosevelt's definition.

Don't let that happen. Half measures won't be enough. ##

(Editor's Note: All Industry Voices and other opinion columns, including the Masthead blog, et al, represent the views of those who write them. They do not necessarily represent the views of MHProNews.com or our sponsors. It has been our long standing policy to invite guest columns from people with opposing perspectives. You can send your own letter to the editor or OpEd column on a subject connected to factory built housing to the email address linked here, with Industry Voices in the subject line. Thank you.)

Post submitted by
Michael Barnabas