Obama Wants To Repeat Housing Crisis With $35 Billion More
As if the last two years never happened, the Obama Administration and Congressional Democrats are preparing a bill to provide $35 billion so that low-to-moderate income families can buy homes for which they otherwise would not qualify.
The Obama administration is close to committing as much as $35 billion to help beleaguered state and local housing agencies continue to provide mortgages to low- and moderate-income families, according to administration officials.
The move would further cement the government's role in propping up the housing market even as some lawmakers push to curb spending at a time of rising debt.
A few years from now when these people get foreclosed upon, I don't want a debate over how this happened again. It is clear who will be responsible - Obama and the Democrats.