One Guy's Opinion on the Political Scene By: Jim Herndon
The Chicken Little Press, aka The Associated Press, has run out of adjectives to describe how dire is our economy.
The C.L.P. writers give us a steady stream of toxic, depressing financial statistics and particularly emphasizing cases of failed companies. They are complicit confederates of the Liberals now in charge of our government who are determined to transform our country into a Socialist state. They do this by frightening the public into accepting whatever out of control government spending and bureaucracy growth Obama wants to put into law. Obama’s chief of staff Rahm Emanuel made it plain when he said, “A crisis is a terrible thing to waste.” A C.L.P. financial writer wrote that one in eight homes is in foreclosure. For starters, I don’t believe it; look around your neighborhood. Is one of every eight homes for sale or in foreclosure? For another, the higher than normal foreclosure rate is due to the collapse of the sub-prime mortgage market. That is, the thousands of home loans granted to non-qualifiers because of the DemPols Community Redevelopment Act to insure that everyone could own a home whether or not they could pay for it. Here is the most nauseating fact behind this story: The Democrat politicians, Chris Dodd, Barney Frank, Barack Obama, Charles Shumer, Maxine Waters, et-al, who caused this housing bubble to burst, are the people who are in charge of fixing it.
