And Obama’s solution to the subprime housing mortgage crisis is… — 6 Comments
If I remember correctly, Frank was in the news again earlier in the week about this. I think it’s nuts.
I don’t know of many, who are level headed anyway, who are spending a dime they don’t have to spend.
Obambi was heavily involved in the Democratic legislation which FORCED the Banks to make sub prime loans to mainly blacks which caused the Toxic Debts in the first place . Now the working mans hero comes up with a wonderful solution he is going to use TAXPAYERS money to protect and support the self same sub prime mortgage holders who were the cause of the problem HE created in the first place and screw all the good obedient TAXPAYERS who have seen the value of their homes plummet because of all these problems and are the taxpayers themselves whose money he is abusing. So there you have it he helps create the problem in the first place which causes normal taxpayers to suffer he then uses the taxpayers money to prop up the very same people who were the cause of the problem HE made possible. This is INSANITY America and you voted for it.
If it comes from the brilliant brains of Obama and his team it has to work – it wouldn’t dare fail.
When will we learn that when you reward people for bad behavior you encourage more of it? The whole flaw in any plan like this (and Bush made the same mistake) is the expectation that if you basically give someone something they will suddenly be filled with the pride of ownership.
He said he wanted to redistribute the wealth around, people! All hail the One!
If I remember correctly, Frank was in the news again earlier in the week about this. I think it’s nuts.
I don’t know of many, who are level headed anyway, who are spending a dime they don’t have to spend.
Obambi was heavily involved in the Democratic legislation which FORCED the Banks to make sub prime loans to mainly blacks which caused the Toxic Debts in the first place . Now the working mans hero comes up with a wonderful solution he is going to use TAXPAYERS money to protect and support the self same sub prime mortgage holders who were the cause of the problem HE created in the first place and screw all the good obedient TAXPAYERS who have seen the value of their homes plummet because of all these problems and are the taxpayers themselves whose money he is abusing. So there you have it he helps create the problem in the first place which causes normal taxpayers to suffer he then uses the taxpayers money to prop up the very same people who were the cause of the problem HE made possible. This is INSANITY America and you voted for it.
If it comes from the brilliant brains of Obama and his team it has to work – it wouldn’t dare fail.
When will we learn that when you reward people for bad behavior you encourage more of it? The whole flaw in any plan like this (and Bush made the same mistake) is the expectation that if you basically give someone something they will suddenly be filled with the pride of ownership.
He said he wanted to redistribute the wealth around, people! All hail the One!
TOTALLY UNRELATED TO OBAMA:
http://www.youtube.com/watch?v=RKanPsUjP7w
Fred Astaire and Cyd Charisse dancing to Michael Jackson music. I thought it was great.
(Quite sure I saw Julie Newmar in there too).
Actually, it’s the frothing saliva of the rabid dog that bit you dripped into the open wounds of your insolvency.