Straight from the “NOTHING could wrong with this idea” file, the OWEbama caliphate “is engaged in a broad push to make more home loans available to people with weaker credit..” (Washington COMpost)
At first blush, the liberals offering up a “broad push” means their fawning over Rodham, otherwise known as the “Benghazi Bimbo”, replete with her portly progressive pantsuits and her comely librarian inspired eyewear.. THAT “broad push” for 2016 is already under way, let’s see how soon America FORGETS about her duplicity in Benghazi for starters..
No, the “broad push” from this article will also fall under another collectivist category known as, the liberal Democrats, or “the people who got us into this mess..” Another category would be “I wish that we had some RECENT historical economic reference to see if such an idiotic idea would fail miserably”.. Oh, wait a second..
When referencing this typically BAD Democratic liberal idea, it is of the utmost importance to CORRECTLY asses the BLAME for the FIRST time that this magnificent “idea” imploded before we proceed further..
Without going into the elaborate details, the “mortgage scandal” was brought about by the fascist finagling of the dirty Democratic duo of Billy Bob and “Back Door” Barney Frank. These two decided that there was an “unfairness” in lending to those who have a PROVEN INABILITY to be responsible. These two decided to illegally pressure private companies to give loans literally guaranteed to FAIL to those who had NO BUSINESS getting a loan for a candy bar let alone a home..
With the fascist flatulence of “fairness” floating in the air, the faux Clinton economy took off and in a frighteningly similar situation to today’s collectivist economy which has the unusual dichotomy of an all-time high on the Dow Jones combined with an all-time high unemployment rate, the “bubble” created will burst and when it does, it will be time to blame the Republicans.. Again.. Attempts at redirecting the blame will cause the left to try to top their “predatory lending” ruse of the LAST liberal Democratic debacle when ducking blame was all the reactionary rage..
Today’s attention to this “unfairness” is marinated in the socialist sophistry that made the LAST liberal Democratic economic crisis such a hit. OWEbama’s “economic advisers and outside experts say that the nation’s much-celebrated (??) housing rebound is leaving too many people behind..” Uh ohhh..
Are these the same “advisers” like the OWEbama “Jobs Council” that was created to address the “crisis”, yet no one ever seemed to get together to discuss “jobs”? As anonymous as the “Jobs Council” members were, just how anonymous are the “outside experts”? Then again, I wouldn’t want to be named as an “expert”, inside or outside, to such an “historic” failure as OWEbama either.. “Much-celebrated”? ANY insignificant uptick that can be registered when you have INTENTIONALLY driven the nation’s economy into the ditch for the last four years MUST be termed “much-celebrated” by the Marxist marionettes of the “impartial” media..
Now we come to the fulcrum, “leaving too many people behind.” In the rarified air of fascist fairness, THIS is the clarion call to action.. To add an insulting addendum to the paragraph, another “victim” of the “unfairness” seems to be ”individuals with credit scores weakened by the recession..” Their “credit scores” are “weakened” by their inability to repay a loan based upon centuries of PROVEN standards, not due to the OWEbama DEPRESSION..
The pressure is on.. “Administration officials say they are working to provide assurances to banks to lend to a wider range of borrowers..” When “fairness” is afloat, the liberals are “working” and such “work” always rewards the unworthy (the liberal voting base of moochers and mendicants) and penalizes the productive.
This “wide range of borrowers” should be encouraged to RENT if the REALITY surrounding their “situation” means that they CAN’T REPAY a loan. Unfortunately, when the liberals start “interpreting” the Constitution, they find lots of “guarantees” that were never there.. Abortion “privacy”, “guarantees” of “health care” and now “guarantees” of “home ownership”.. On a side note, they also IGNORE Constitutional guarantees that actually exist, the Second Amendment for example..
“Housing officials”, AKA, the NEXT round of business “victims” of the collectivist’s compassion, “are urging the Justice Department to provide assurances to banks that they will not face legal or financial recriminations if they make loans to riskier borrowers.” Now they face “recriminations” if they DON’T make loans to riskier borrowers..
Just what we need, our “Fast and Furious” JUSTICE Department handing out “guarantees”.. Don’t worry, there WILL be “recriminations” as long as it is politically expedient for the liberal Democrats.. These “recriminations” will resemble what has been taking place in Cyprus..
OWEbama’s henchmen “are also encouraging lenders to use more subjective judgement” in this “process”.. In other words, reward the undeserving and when it all collapses AGAIN, we will blame the Republicans. “Encouraging”? “Selective judgement”? If lenders were actually allowed to be “selective” based upon their desire to STAY in business by making the correct loans to the correct borrowers, there would have never been a “problem” in the first place.. Liberal governmental intrusion ALWAYS ends in disaster.
In the stand up routine known as the state of the union address, OWEbama “pledged to do more to make sure more Americans can enjoy the benefits of the housing recovery..” “Benefits”.. Once the belly crawlers of the lowest liberal class hear this magical word, they begin salivating on cue.
According to Ed Pinto, former Fannie executive, were the OWEbama “plan” to be enacted, it would “open the floodgates to highly excessive risk and would send us right back on the same path we were just trying to recover from..” The creation of a “disaster” or a “crisis” always brings out the best in the bleating Bolsheviks of the left. Such common sense from Pinto falls upon the deaf ears of those with compassion as a career..
The REAL problem wasn’t exposed until the end of the article and it came from the someone in charge of something called the “National Community Reinvestment Coalition”, laughingly referred to as a “non profit housing organization.. Brace yourself for the chilling words of John Taylor.. “If you were going to tell people in low-income and moderate-income communities and communities of color there was a housing recovery, they would look at you as if you had two heads..” It’s not two heads that Taylor has, its two FACES..
There it is.. “Communities of color”.. When your “argument” has NO merit, be sure to make it an issue of RACE.
Shall we say that there are probably MORE WHITE members of the “low-income and moderate-income communities”? The left refuses to acknowledge that WHITE is a “color”, even though in doing so, the size of their downtrodden “community” would grow exponentially.. No, the talk of “color” automatically EXCLUDES whites and therefore makes the “issue” all the more compelling and in need of “action”..
Maybe Taylor and the rest of the compassionate crawlers should concentrate on one other word found within Taylor’s childish puling.. “Income”. Start earning SOME of it, start earning MORE of it and THEN ask for a loan.
The ONLY “color” that should matter when it comes to the business of loans is NOT “black”, its “green”..