foreclosures

Posted January 22, 2010 By admin

Was it GOP policy or the foreclosures that caused the economic mess?

I see several people on here blaming GOP policy for the past couple of years for the mess we are in. Hate to say this, but the foreclosures were the driving force behind this problem.

Banks, thanks to the CRA, were forced to loan money to people who could not afford a house and they got into bad loans. Fannie and Freddie sold Govt Secured Mortgages that were worthless. So this all comes back to the problems of the mortgage loans.

Love how you guys still want to blame Bush for everything.

It was the foreclosures that put us in this economic mess. Of course it was liberals policies that made the foreclosures happen in the first place, but liberals have very short memories and it’s easier for them to blame Bush and republicans rather than accept responsibility for their own shortcomings.

“We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness.” Home ownership is not an unalienable right.

“We the People of the United States, in Order to form a more perfect Union, establish Justice, insure domestic Tranquility, provide for the common defence, promote the general Welfare, and secure the Blessings of Liberty to ourselves and our Posterity, do ordain and establish this Constitution for the United States of America.” It is not the Federal Government’s job to provide everyone with a house.

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