NOW, NOW, NOW...THERE OBAMA AND ALL OF THOSE LEFTISTS GO AGAIN.
Posted on 09/20/2008 8:56:41 AM PDT by Mobile Vulgus
Give credit where credit is due, blame the Democrats for their equality of outcome incompetence. A blind person could see more than the Democrat cronies who were running Fannie Mae and Freddie Mac (FMs) up to now. There is none so blind as those who refuse to see. The Democrat’s ideological blinder was the Equality of Outcome policy they implemented to push home ownership to people who simply weren't capable of being homeowners. In 2003, the Bush Administration tried to head off the problem with the FMs but Democrats would have none of it, the NYT recorded their excuses for posterity. Significant details must still be worked out before Congress can approve a bill. Among the groups denouncing the proposal today were the National Association of Home Builders and Congressional Democrats who fear that tighter regulation of the companies could sharply reduce their commitment to financing low-income and affordable housing.
These two entities -- Fannie Mae and Freddie Mac -- are not facing any kind of financial crisis,'' said Representative Barney Frank of Massachusetts, the ranking Democrat on the Financial Services Committee. ''The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing.''
Read the rest at Publiusforum.com...
Now we face the problem of the value of that “affordable housing”. We watched while affordable mortgages turned affordable housing into $250,000 houses that were only worth $70,000.
I dig the hand shadow on her blouse....
“Equality of Outcome” policy of the democrats.
Sounds like something straight out of Atlas Shrugged!
and the Marxist Manual...(shrugs)
If McCain does not put this in his speech and on an ad, he is toast.
Related:
http://www.freerepublic.com/focus/f-chat/2086494/posts
Chicago Climate Exchange Names Founding Members
Excerpt:
Obama was on the board of a foundation that provided the funding source to start the Chicago Climate Exchange (carbon trade). He is has former Goldman Sachs CEO working his campaign. Goldman Sachs owns a very large investment in the carbon trade industry.
WHY AREN’T THEY BEING PUT IN JAIL?
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.