Friday, September 26, 2008

McCain is Correct on Housing

Quoting The Wall Street Journal:

“Sen. McCain was a leading advocate of raising down-payment requirements on loans backed by the Federal Housing Administration and has warned against lending to homeowners who don't have enough of their own capital in the investment.”

“The Fannie-Freddie rescue has revealed differences between the campaigns over how they believe the next president should approach long-term reforms. Sen. McCain supports downsizing the companies, then selling them off, severing all ties to the government.”
Click the image & read the rest:
Click the image & read the rest

I would go two steps further than McCain and entirely abolish:

1) Yet another FDR atrocity, the Federal Housing Administration (aka FHA).

2) Yet another LBJ atrocity, the US Department of Housing and Urban Development (aka HUD).

That would pretty much get the Federal Government entirely out of the business of housing (a place we desperately need to be). Since all local Housing Authorities are tied back to HUD, that would also eliminate that local scourge.

As the article notes, this topic was a glaring example of why the so-called “Compassionate Conservatism” of President Bush was nothing more than a kinder, gentler version of the hardcore Socialism promoted by Democrats.

Does that make President Bush equally culpable vis a vis Carter, Clinton and Obama (and FDR and LBJ)? Not by a long shot! Does it make President Bush a willful enabler of this enormously destructive Socialist stupidity? Yep! SHAME ON BUSH!

Today, by advocating for a $700 billion bailout of these utterly destructive institutions, President Bush has now REALLY “jumped the shark” on this topic. We would do FAR better to take our medicine now and FINALLY rid ourselves of these Democrat enriching killer parasites!

If we fail to do that, we will:

1) See the same sort of prolonged economic stagnation which afflicted Japan for so long.

2) Relive the EXACT same nightmare somewhere down the road.

3) Continue to repeatedly relive that nightmare until we rid ourselves of these utterly corrupt and entirely counterproductive Socialist parasites!

We BADLY need a President McCain to steer us away from the Socialist Abyss we are currently peering into! The LAST THING we need is a President Obama still “clinging” (pun intended) to his days as a so-called public-interest lawyer for the enormously destructive ACORN (a job title which Obama euphemistically refers to as “Community Organizer”).

Click here to read the primary post on this topic
(and all the rest).

No comments:

Hot Topics:

BEST Data - No Warming Over Last Decade
The AMO as a Driver of Climate Change
Fact check - The wealthy already pay more taxes
Rare Earth Elements Spell Doom for Green Fantasies
Wikipedia’s Climate Doctor
ClimateGate - The latest updates
Dr. Tim Ball on ClimateGate - The end of AGW hysteria?
ClimateGate: The Musical - Hide The Decline!
Lindzen and Choi SHATTER the IPCC Computer models!
It’s OFFICIAL! We HAVE elected our own Hugo Chavez!
Health Care “Reform”
Cap & Trade - It’s just a giant tax (on EVERYBODY)
The Radicals in the White House
ACORN - The truth
Transparency - Obama promised it. So, where is it?
The Cause of the Housing Debacle
Fiscal Responsibility - In Obama’s Fantasy World
Atlas Shrugged: From Fiction to Fact in 52 Years
Iraq War Media Deceptions 101 - Why the Iraq invasion was justified and necessary
Climate Change 101 - Learn what the SCIENCE says about the biggest hoax EVER!
Obama - on Climate Change
Obama’s Climate Czar - The most dangerous politician in the United States
Obama’s Climate Czar - Her Socialist revolution has begun
Compare the current recession to previous recessions
Obama - Historic & Catastrophic!
Is Obama a Socialist? You BETCHA!
Makers & Takers - Spread the wealth
Obama = International Crisis
The economic case against Obama
The comprehensive case against Obama
The deficit case against the Dems
A Liberal Supermajority? Watch Out!
Examine the series you should have read before voting!
Maggie’s Totalitarian Political Religion
“Kill him!” - Just another media lie?
Journalistic Integrity? - WHERE?
The post about the TED Spread
Save the nation from the Entitlement binge!
Market Reaction to $700 Billion Bailout Vote
Drill Here, Drill Now - Quantitative Facts
ANWR - Drill There, Drill Now
ANWR Matters - Here’s why
Coal Liquefaction (Liquid Fuels From Coal)
The Ethanol Debacle
Pickens Plan - Don’t Fall For it!
Energy Tomorrow Radio - GOOD Stuff!
Economic Forecast


Blog Archive