Obama's Three Premises

Based on President Obama's actions of the past seven years, one can surmise that his worldview is based on three major premises.  His economic perspective is deliberately aimed at weakening the United States.  Thus, despite the disastrous past history of mandated government directives that forced banks to provide sub-prime loans, Obama and company are at it again forcing banks to engage in risky loans. In "separate new reports to Congress, Fannie Mae and Freddie Mac reveal Obama regulators are pressuring them to back high-risk home loans for 'very low-income' borrowers."  Both mortgage companies are being "forced to accept mortgages with as little as 3% down." And most telling, they must "[y]ield disparate results based on the race of the borrower." If that were not enough, one learns that the government is allowing "lenders to use unemployment benefits as source of income." And these mandates will not expire until...(Read Full Article)

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