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“Huge Federal Government is a core tenet of RATS though. Yes Pubbies have contributed, but philosophically Conservatives and most Republicans stand against this kind of market intervention that has led to this debacle.”

Who said this....

“And, of course, one of the larger obstacles to minority homeownership is financing, is the ability to have their dream financed. Right now, we have a program that all of you are familiar with, maybe our fellow Americans are, and that’s what they call a Section 8 housing program, that provides billions of dollars in vouchers to help low-income Americans with their rent. It encourages leasing. We think it’s important that we use those vouchers, that federal money to help low-income Americans go from being somebody who leases to somebody who owns; that we use the Section 8 program to not only help with down payment, but to help with continuing monthly mortgage payments after they’re into their new home. It is a — it is a way to help us meet this dream of 5.5 million additional families owning their home.

I’m also going to encourage the lending industry to develop a mortgage market so that this script, these vouchers, can regularly be used as a source of payment to provide more capital to lenders, who can then help more families move from rental housing into houses of their own. “

http://georgewbush-whitehouse.archives.gov/news/releases/2002/10/20021015-7.html

I find it very interesting that, when it comes to all discussions about the housing crisis, Bush’s “Ownership Society” rarely, if ever, gets mentioned. DemocRATS can’t exactly point the finger over this fine progressive agenda, and Republicans, although this agenda was received by them with applause, don’t want to be reminded of the role Bush played.

Am I the only one who thinks it ABSOLUTELY INSANE to give mortgages to unemployed and illegals being housed with a Section 8 housing voucher!!