Yes, I've been converted.
Let's see. Congressional Democrats force banks to loan money to people that can't afford their homes. Democrats increase scope of loaning to those who can't afford it, and set up Fannie Mae, and Freddie Mac to bail out the banks if there's a problem. Banks jump into the program with joy and delight because government guarantees loans. People jump into the program with joy and delight, because the government said, by God, You deserve that house, when they can't really afford it.
Republicans see the fall coming and try to do something. Democrats ignore it numerous times, and accuse the GOP of being against poor people owning homes.
People who can't afford mortgages default. Property prices go down. Banks panic. Fannie Mae and Freddy Mac hold worthless paper. Banks fail. Stock market plunges. Federal government pats everyone on the head and says, "There, there. Uncle Sam will wipe away your tears, kiss the booboo, and make it all better."
Democrats say it's Republicans' fault that the government had to bail out big business. Bush should have "Done Something" to keep this from happening.
Makes perfect sense to me. Vote Obama.
“Underlying most arguments against the free market is a lack of belief in freedom itself.” —Milton Friedman
“Every government interference in the economy consists of giving an unearned benefit, extorted by force, to some men at the expense of others.” —Ayn Rand
“Government cannot make man richer, but it can make him poorer.” —Ludwig von Mises
“The state is the great fiction by which everybody seeks to live at the expense of everybody else.” —Frederic Bastiat“How odd that all those boring lessons from our grandparents turn out to be true in the globalized, hip 21st century: Save your money. Don’t borrow what you can’t pay back. Look first at a man’s character, not his degrees. And if a promised return on an investment seems too good to be true, it probably is.” —Victor Davis Hanson
“Mr. Obama’s leadership during the [financial] crisis has consisted of standing out of the way and mouthing platitudes about the failings of the past eight years of Bush economics.” —Rich Lowry
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