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Originally Posted by Guest
As to wasted money I think you are referring to the TEN TRILLION DOLLARS Obama added to the national debt.
I've many times asked the question of what did Obama buy with that money. I've asked if we got roads, dams, education, healthcare etc etc. I've tried looking it up. I've yet to get a reply from all the people bitching on websites.
I finally stumbled across an answer.
The bulk of that TEN TRILLION DOLLARS-a sum impossible to comprehend-went to bail out Fannie mea and Freddie mac. Before all you Obama supporters try to blame the housing bubble on Bush READ and you will find the bill that created subprime mortgages passed at the end of BILL CLINTON'S second term. The reason was the LIBERAL VIEW that all people should own a home. Typical LIBERAL was that it would have been racist, conservative OK DEPLORABLE to insist that the borrower put down 20% as you used to need to do AND COULD PROVE THEY COULD AFFORD TO PAY THE LOAN.
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He bought a good life for the minority poor. He bought them food and housing...he bought them an education...he bought them cars.
Blacks MUST be treated equally...even though they're FAR from actually being equal. NINJA loans JUST for minorities. No income, no job or assets. But since they're black in the inner city, they "qualify". Just like ALL the affirmative action programs. Lower the standards so your DOG could qualify to get them in. When that doesn't work...give them quotas.
Minorities are destroying this country.