The Obama administration is engaged in a broad push to make more home loans available to people with weaker credit, an effort that officials say will help power the economic recovery but that skeptics say could open the door to the risky lending that caused the housing crash in the first place.
President Obama’s economic advisers and outside experts say the nation’s much-celebrated housing rebound is leaving too many people behind, including young people looking to buy their first homes and individuals with credit records weakened by the recession.
Tragically, it is true. Only this time the government is telling mortgage companies "no worries, we'll back the loan if it goes bad." Translation: you and I will be buying some Obamaphone slug a house so the Democrats can buy votes, redistribute wealth, and stay in power in perpetuity. Oh joy.
Maybe our radical, Far Left President would be happier in North Korea. Destruction of America, especially of the middle classes, does not seem to be happening fast enough for him during the last term he has left to bring us all down in to a total welfare state.