A Comment About

Obama’s Financial Regulatory ‘Change’ Spells Disaster

June 16, 2009 - 12:37 am - by Jeffrey Carter
George F. Carter
2009-06-19 12:48:20

The Obama administration has not properly make an effort to cure the credit crisis. It was the US Congress that gave anyone with a signature the right to credit provided by Fannie Mae and Freddie Mac. The US Congress gave credit to anyone regardless of ability to pay off their financial responsibilities. Congress has made no apology for their ruining our economy. In fact, Congress is passing earmarks, pork projects and doing all they can to make sure the American public thinks all this trillion dollar spending is designed to take care of the toxic real estate loans Congress gave. Unfortunately, the Democrats have spent and spent and spent and
the toxic credit problem is just as bad today as it was in 2006 when the Democrats found ways to blame former our Republican President for any and everything. It is the legislators that are to blame for everything. All they seem to want to do is spend, spend, spend.
When we talk of the “people”, it ought to be all of the caucasians that get considerations. It seems the illegals get more free benefits than those that earned social security. I know I had to pay 20% down to buy my first house. There is no excuse for letting people pay less than 20% down because they can not afford it. When the federal, state and other government bodies pay to support those financially unable to support themselves, more and more people are born to those families. This guarantees a permanent financially dependent population that does not earn an education or work ethic to be independent. It may sound cruel but look at the number of those forced on the federal, state and other governments being bused to march for more financial gifts from those of us that must earn our own finances. We need CHANGE. It is time for the families to support their family members that need financial support. It ought not be a government financed responsibility to take care of all illegals or all those that are born into families that can not afford to support them. We need to CHANGE TO DO IT FOR YOURSELF.