Wow, I have to tell you, this is really quite a brilliant plan that Obama has!
So, first the government forces Fannie and Freddie to lend money to people who couldn't afford it.
Then, they virtually go bankrupt because well, the people couldn't afford to pay their loans. Imagine that? Whodathunkit?
So We bail out Fannie and Freddie.
Then... gosh, we get all these foreclosures and the housing market gets whacked.
I am on a Yahoo Group for Calfornia FairTax leadership. One message that came across today was a reply by the AARP to a FairTax supporter indicating why the AARP could not endorse the FairTax. June's web address is webactivist@aarp.org if anyone else would like to follow up with her.
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Dear June.
Your letter to Jerry Lehrer made it across my desk as well. Let me assure you that Seniors are much better off under the FairTax than with our current system.… Continue