The zero’s plan is to hyperinflate the dollar to destroy any wealth the middle class may have accumulated and also to allow those who bought houses they couldn’t afford to “pay them off” with worthless dollars.
Fannie Mae and Freddie Mac are the two largest criminal enterprises in history.
Build more and mmore, even hthough we don;t eed it, and sell mmore and more to those who truly cannot afford it. The tapayer subsidizes it. Its welfare but we cannot call it that.The left have succeeded in redistributing wealth.
Tax the wealthy and lend to the "poh".
We are back at the place that caused the recession and nothing has changed.
Thats what happens when the government uses its agencies like Fannie and Freddie to dictate to banks that they must impliment social welfare lending policy OR ELSE!
So much for free market economy. Its dead.
bttt!
We’re in a repeating, historical downhill rut. It’s a long one, because we don’t have the manufacturing base to simply work ourselves out of it. There are two obvious ways to go. Initiate the defaults sooner by raising rates. Maybe that would be the way to a less severe crash (except for the lack of domestic production). Or try to put the defaults off until later in hopes that we’ll never get to a crash (which I think will come anyway, and more severely so). The economic wizards are trying to keep the rut smooth for now.
Two things are for sure, IMO. The heavy spending is bad for us all, and too many constituents in both political parties derive their support from the government. They don’t want their jobs/revenues to end, so they only allow the big spenders to be candidates for each of the political parties.