For Edification of the Laslo Boyds of the World

So if — if you want to get — if you want to buy a house, then putting zero down and buying a house that is probably not affordable for you in case something goes wrong, that’s something that has to be reconsidered. So we’re going to have to change our — our bad habits.

President Barack Obama, February 9, 2009

Bad habits encouraged by ACORN and Fannie Mae and Freddie Mac.

Of course some in Congress–not named Barack Obama–tried on multiple occasions to reign in the GSEs and possible stanch the looming meltdown.

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Where was our President then? Raking in over $126,000 in campaign contributions from Fannie and Freddie, and paying ACORN 800,000 to get out the vote. And now ACORN stands to rake in billions of taxpayer money from his “stimulus bill”

But somehow tax cuts, which increased tax revenue is responsible for the financial crisis.



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