Sunday, June 20, 2010

We're all working for the government now

Quoting The New York Times
(emphasis mine):
“‘We’re all working for the government now,’ said Mr. Bridwell…

For all the focus on the historic federal rescue of the banking industry, it is the government’s decision to seize Fannie Mae and Freddie Mac in September 2008 that is likely to cost taxpayers the most money. So far the tab stands at $145.9 billion, and it grows with every foreclosure of a three-bedroom home with a two-car garage one hour from Phoenix. The Congressional Budget Office predicts that the final bill could reach $389 billion.”
Click the image & read the rest:
Click the image & read the rest

Okay, NYT…
If we’re all working for the government now, can we call it Socialism yet?

Throughout this crisis, The Lame Stream Media (and all other Dims) have been singularly focused on the $170 billion AIG bailout. But, as I have been saying all along and as even the NYT now FINALLY ADMITS, Fannie and Freddie are -- by FAR -- the biggest problem.

Moronic Dim politicians treating home ownership as an entitlement were the singular root cause of the entire collapse. And, even the NYT documents that Bill Clinton bears more responsibility for that collapse than anyone.

Okay, all you moronic Dims…
How do you like your Socialist Housing Utopia?
Hang, on tight! ObamaCare will make your housing utopia look like a walk in the park!


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