Obama Wants To Repeat Housing Crisis With $35 Billion More

A big part of the reason the housing crisis occurred was due to providing financing to Americans who should never have been qualified for loans in the first place.

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.