Get the Feds Out of the Real Estate Business!
Is more government the solution or the problem? I would submit to you that government is and always has been the problem. We can all remember when the Clinton administration under Barney Frank wanted home ownership available to all Americans, even to those that could not afford one and was not credit worthy.
How was this accomplished? By pressuring the lenders to make 100% financing available and even in some cases 110%, where the homeowner walked away from the closing table with several thousand dollars in their pockets and never put one penny down in the deal. The first time I saw this, I said to myself, “How is this possible?” Oh, how I learned how it was possible.
When I was a little boy and did wrong, my grandmother would always shake her long index finger in my face and say, “You will reap what you sow”. Now the mortgage industry and the real estate industry are reaping what has been sown over the last few years.
The Obama administration tries it best to put a positive spin on the current state of our economy. I remember watching a charismatic preacher on television one time quoting verses from the Bible out of context about physical healing. He had a terrible cold and looked awfully miserable.
He said that just prior to the program being televised, he prayed to Jesus to heal him of his flu and Jesus did heal him, even though he sounded like he was still sick and his nose was still red and running.
That is a picture of our government today. It is sick (bankrupt) but refuses to believe it. All you have to do is look at our deficit and the amount of spending going on.
Just today I got an e-mail from the National Association of Realtors [NAR] giving tacit endorsement to more spending proposed by a group called the Center for American Progress. Isn’t that a nice, patriotic, sounding organization?
The fact is CAP is liberal think tank organization headed up by John Podesta, former chief of staff to President Clinton. And to think we pay our dues to NAR to support such lunacy? We don’t need more government spending. When has any nation ever spent itself into prosperity? Not in my life time and probably never yours.
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