Obama Voters
Popularity: 8% [?]
Entries Tagged as ''
War on Wealth & Responsibility
I got this from a good friend and very smart political fellow in Charlotte. What do you think?
—–
Over the last 60 days or so, we have seen the greatest transfer of wealth in the history of our country. Years of savings for many Americans have been wiped out with the burden falling on responsible people who have lived sensibly, within their means, saving for current or future retirement. The productive people of this country have been raped of up to 50 percent of their savings.
How did this happen and who is responsible? The seeds were sown by Democrats in our Congress, people like Chris Dodd, Barney Frank, and Barack Obama and organizations like Acorn, who pressured banks and lending institutions into making home loans to people who could not afford them. Government subsidies were then put in place to encourage more of the same, in essence subsidizing the avarice of lending institutions, home builders, brokers and all people involved in the appraisal and lending process. Knowing that government subsidy, whether it be welfare or greed, will produce more of the same! Unfortunately, the Bush administration and our Republican watchdogs in the Congress, who did know what was happening, stood on the sidelines and did little to stop the sure to happen disaster that followed.
Popularity: 10% [?]
-
Photos (view gallery)
-
Badges
Member:
Recent Congressional Votes- Congress 111, House vote: Vote 6: H R 36 January 6, 2009
- Congress 111, House vote: Vote 5: H R 35 January 6, 2009
- Congress 111, House vote: Vote 4: H RES 5 January 5, 2009
- Congress 111, House vote: Vote 3: H RES 5 January 5, 2009
- Congress 111, House vote: Vote 2: Election of the Speaker January 5, 2009