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Obama’s Economic Unreality

Boonbuck Wrote: Jul 13, 2010 10:20 AM

Jason, FYI. http://www.youtube.com/watch#!v=cMnSp4qEXNM&feature=related The very Democrat policy designed to make homes “affordable” to poorer households had the unsurprising effect of driving up housing prices to heights never seen before. In September of 2008 the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation, popularly known as Fannie Mae and Freddie Mac, ostensibly went bankrupt from being forced (by democrat's intrusion into affordable housing) to give loans to people who had no income, leaving many mortgage lenders without default insurance or a secondary market for subprime mortgages they had written and intended to sell. The collapse of these institution spread to other institutions which...

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Obama’s Economic Unreality

Sadly, with President Obama, each day is crazier than the previous one. His latest economic speeches border on the surreal. I just can’t quite figure out who he thinks his audience is because so much of what he says doesn’t square with reality.

In a speech Friday in Las Vegas, Obama painted quite a rosy portrait of his economic record to date -- at least rosy compared with what we’ve all experienced with our five senses.

Though I don’t intend to go all “Joe Wilson” on him (“You lie!”), please let me share with you a few, shall we say, “discrepancies”...

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