Tuesday, March 10, 2009

Obama Foreclosure Follies II

While President Obama is sensitive to being asked if he is a "socialist" he still continues to push to spend 87 billion taxpayer dollars to stop foreclosures which also provides money for his "activist" friends in groups like ACORN. Elsewhere market forces are working to decrease the amount of foreclosed houses without using tax payer dollars. Exhibit A:

It seems the Obama Administration is more concerned with throwing more taxpayer money at the foreclosure problem even when market forces are working to correct it without costing us taxpayers more money.

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