Whoowee!! Obama Destroys America
Obama promised $50 billion for the foreclosure problem yesterday, then $75 B this morning, then $275 B, but finally said the government would also buy mortgages from Fannie and Freddie, so actually it will be trillions of taxpayer dollars for toxic mortgages, without limit.
But wait, buying new mortgages from Fannie and Freddie has nothing to do with foreclosures. This is for his newly announced goal.
Barry want to increase home prices.
But our problem is that home prices are still too high and must come down further.
Our problem is too much debt but Brainless Barry wants the government to buy new mortgages from Fannie and Freddie without limit.
Hey! The government has never been authorized to buy new mortgages.
That means our taxes are now being used to replace banks and have Washington issue mortgages with no limit!!!
The world is over.
This by a stroke of the affirmative action pen, democracy, bipartisanship, legislation, and the American Way be damned.
Start posting comments on where we can set up a new nation. This one is no longer inhabitable.
Costa Rica maybe?
Entry filed under: bailout, bankruptcy, Barack Obama, Blogroll, cnbc, cnn, Fannie Mae. Tags: bailout, bankruptcy, Barack Obama, cnn bias, democrats, earmarks, life, news, politics, sarah palin, William Ayres.