Rumors are coming out of Washington that Obama is about to have Fannie and Freddie forgive portions of home loans if the mortgage is in the red. The ToBeRIGHT bulls&%t detector is going crazy! Fannie and Freddie are hopelessly discredited and broke, too. Ordering forgiveness will just add more weight to the crushing debt we already have.
Worse, it is yet another example of Obama’s belief in government dependency for everyone – including those who don’t need any help (most Americans). By pulling more and more Americans into the government handout pool, Obama is seeking to create an ever-expanding dependency class.
And worst of all, my guess is that this is a ruse to try and stop the bleeding as we head into what is shaping up to be democrat slaughter in November.