So now our idiot president, after boasting that his miraculous policies and his clever handling of the economy was bringing us back to prosperity again, and in particular causing the housing market to rebound after the Clinton administration took the step that eventually doomed it in 2008 (to be specific, it was the Clinton administration that told the savings and loan industry in the 1990s that they would either begin loaning mortgage money to low income people and those with bad credit ratings, or they would be punished with IRS audits, which threat led eventually to sub-par loans and then to the bundling of good and bad loans, and then to the collapse of the housing market altogether and our current economic dilemma) and now our slow-student Obama is telling mortgage lenders that they must again loan money to those who are likely to default on these loans, and that if the borrowers default the federal government will cover or forgive the loss to the lender.
What could be more convincing proof that Obama is a radical, socialist-communist than this fool move? It's absolutely certain to cause another major failure in our already fragile economy, probably cause another recession and possibly cause a collapse into a depression. And all of this trouble heaped on to the back of a nation whose president caused a major national ratings reduction for the first time in America's history. This is absolute insanity and is proof that Obama wants to make additional Americans dependent on big brother so he can generate democrat votes from the uninformed in 2014, and when the next wave of evicted home-owners causes the resentment and anger it will necessarily generate, he'll blame the rich and the lenders for the outrage for having had these good-fairy-believing borrowers' home-ownership dangled in front of them by Obama, only to see it yanked away again by the lender when they fail to make the payments.
There can no longer be any question that Obama is intent on destroying this great nation with his radical policies, and the portion of our economy that will be most harmed are the very persons he pretends to be helping: the poorest among us. But to our Barry, people are just tools to move and manipulate as he sees fit for his own political gain.
