Trump Cuts Subsidy to Real Estate Industry, Opponents Call It a "Tax Increase"

Mises Institute ^ | 26 January 2017 | Ryan McMaken

[HLPhat]

RutRoh!

Gonna be a lighter than normal ACORN crop over the next 8 years.

Speaking of ACORN farmers - I wonder which rock sub-prime FAILURE Penny Pritzker will be slithering under now that her stint as Secretary of Commerce is over?

Last week, she flew back to Chicago with President Barack Obama on Air Force One for his farewell address in McCormick Place. Her crucial role in Obama history: Obama would not be the president without Pritzker.

The fundraising prowess of the Chicago business tycoon, a billionaire member of one of the nation’s richest families, made Obama a viable contender when he launched his bid in 2007.

...

She also highlighted her department’s work with the stakeholders from parts of the domestic and global business arena: The Data Advisory Council, the Digital Economy Board of Advisors, The President’s Ambassadors on Global Entrepreneurship; the Cybersecurity Commission and the U.S. Africa Business forum....

http://chicago.suntimes.com/news/sweet-presidents-pal-pritzker-ponders-next-move/

"stakeholders from parts of the domestic and global business arena"

And not a single actual business in the group - just a big pile of NWO bureucrapoo.

#draintheswamp

[Liz]

Barack Obama's lawsuit pushed banks to give subprime loans to Chicago’s African-Americans
The Daily Caller ^ | 9/3/2012 | Neil Munro / Posted by middlegeorgian

Community organizer Barack Obama was a pioneering contributor to the national subprime real estate bubble that decimated the US economy..... roughly half of the 186 African-American clients in his landmark 1995 mortgage discrimination lawsuit against Citibank have since gone bankrupt or received foreclosure notices.

As few as 19 of those 186 clients still own homes with clean credit ratings, following a decade in which Obama and other progressives pushed banks to provide mortgages to poor African Americans.

The startling failure rate was discovered during The Daily Caller’s review of previously unpublished court information from the lawsuit that a young Obama helmed as the lead plaintiff’s attorney. (Excerpt) dailycaller.com

============================================

THE COCKEYED COMPASSIONATE PROGRESSO MIND UP-CLOSE---as President, Obama sued banks for burdening poor blacks w/ mortgages they could not afford.

[The Westerner]

That was not a mind, just a jumble of undigested bad premises driven by hatred.. It’s still a mystery what caused the enormous jagged scar on his scalp.

[Sam Gamgee]

It is not really a subsidy to an industry. What it is taxpayers subsidizing bad mortgage risks. Good. We should be charging premiums that make economic sense.