There was a time…it seems long ago, when the housing market was booming, and most every family lived in their own homes. Not many blue collar workers could afford to pay cash for the home, but a reasonable loan was allotted them. A loan that did not require them to make payments that did not fit into their yearly income.
Buying property presently has become quite difficult. The fall of the housing industry, and the banks refusing loans to those who have one bad credit transaction on either of the three credit reporting companies, tangled with the unemployment rate, makes it virtually impossible for many families to purchase a home.
Chris Dodd and Barney Frank a few years back, assisted people, many in low income brackets, to purchase homes. Dodd and Frank, assisted by Commercial banks who gave loans to buyers, gave loans to those who could not afford the payments. Once the loans were established, Fannie Mae and Freddie Mac eventually bought over 90 percent of the mortgages.
Insidious bankers and two or more unethical law makers, namely, Chris Dodd and Barney Frank orchestrated an over-whelming love affair between Fannie Mae, Freddie Mac, Commercial banks and the home buyer. Barney Frank had a male lover employed at Freddie Mac who in turn made an astronomical income in the deals.
The loan papers were signed at the buyers bank of choice, often the loans were sold to Fannie Mae and Freddie Mac, and when the purchaser could not afford the expensive loans, which in many cases was granted, even though the cost of the property was far out of their income brackets, the homes were foreclosed and Fannie Mae and Freddie Mac claimed the properties. The properties, many of which were re-sold at the original cost, made both Dodd and Franks smile with satisfaction, and the buyers of such property with nothing but a foreclosure on their credit reports.
The fall of the Real Estate industry should be held against both Frank and Dodd, but as in Liberal wrong doings, their wrongs against American citizens who worked hard for their dream, owning their own homes, was swept under the rug. They both should have been jailed, but continued their terms in office.
The sinister subtle garrote of the government is strangling the life out of America. Deals that are made behind the oaken closed doors are not of benefit to the American citizen. A prime example is the Dodd and Frank scandalous housing scam.
In the past three years this great country has become a laughing stock to many of the foreign countries. Countries, who receive billions of dollars from America each year has taken many industrious jobs from American workers. Who send us products of cheap craftsmanship and our own government expects us to take a seat and accept. The USA no longer has the power and stamina she once had. No longer is she the shining light on the hill.
The slippery slope became a rapid fall in 2008. A President took office and began traveling to foreign countries apologizing for the arrogance of the American citizen. He claimed that we were not a Christian Nation, and then had the impudence to bow before a Muslim King. What was his intent when he took office? Did he intend to act upon the oath he took and comply with the Constitution of the United States, or was his intentions, though hidden from the public, to the extreme opposite of what he swore to do. After three years of extreme spending, vacationing, and using Air Force One as though it were a taxi, claiming notoriety for events that were in place before he took office, raising taxes, non-creation of jobs he promised and finally without continuing the list of his many short comings, he forced us into Obama health care. He lied about the health care as he stood in his royal glory at Town Hall meetings expressing his concern for those who were without insurance coverage. He said the participants of his coverage would allow the citizen to continue receiving care from the doctor of their choice. He said there would be no death panels and that the health care he was offering was the exact same insurance that the Senators and Congressmen and Congresswomen enjoyed.
The deal was made behind the oaken closed doors which disallowed entry to law makers who were not in agreement with him and his minions, Nancy Pelosi and Harry Reid and those Senators who fell asunder to the bribe money offered them if they would vote for the Obama health care.
He lied, just as Barney Frank and Chris Dodd lied. Nothing that relates to either of the three has been for the betterment of America, but rather for the benefit of their own selfish, egotistical reliance.
The sleeping giant needs to be awakened and stay awake for the outcome. The outcome must be to remove the garrote that is strangling freedom and liberty. No longer will America tolerate the cruelty of those in office who want to take away the rights that this country is accustomed to living. Non acceptance of the Constitution is unforgiveable. To dismiss the word God from the Pledge of Allegiance, to ignore the National Prayer day yet invite Muslims to the White House to practice their call to prayer on the very property that was established by Christian men…our Forefathers. A President that will go a broad and apologize for Americans in an uncanny way is not acceptable.
America will fall should this President stay in office another four years. This country will not ever return to the freedom accustomed to. Regardless of race or ethnicity, as American’s we must unite. The fabric that held us together during the demise on 9/11 is still in existence.
Regardless of which party affliction, regardless of the way a man speaks, or the way he looks or wears his clothes should not matter when it comes time to vote. What matters is that together, we, as country loving Americans place a man in the White House Oval Office that loves America as much as we do. A President that will defend, protect and honor the Constitution of the United States.