Wednesday, February 18, 2009

The Pot Calling the Kettle Black!!!!

In his address to the Nation from Arizona today, President Obama, clearly pointed the finger at banks for making subprime loans. But did he play a part in leaning on banks to make loans to risky borrowers?

The following ad from the McCain campaign says he did:

http://www.youtube.com/watch?v=Ohp5IX3y098&feature=related

I will be looking for more on this and will post a link to it from here when I do find anything.

Will the plans work? Who does it help? Who doesn't it help? Is this appropriate role for government? Is the sky falling? All these and more need to be addressed. I'm already growing very tired of throwing money at the problems. The first thing to happen was to see the banks bailed out. We're told if we didn't do this, the sky would fall. But would it really? There's a lot to explore here. What does this mean for Americans and home ownership. Does this mean you can have the american dream as long as you buy into socialism? Last I checked socialism was not part of the american dream. I know there has been a slow indoctrination over the last 30 years, but I'll discuss that in another blog.