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.
Thank you, Marilyn Rickert, for alerting Fair Tax supporters to this broadcast. Here is my letter to the McLaughlin Group sent to comments@mclaughlin.com.
~Jim
-----------------------------
Dear Sir,
I was puzzled by the comment of Clarence Page on December 27, 2008, during an airing of the McLaughlin Group, that he thinks the Fair Tax merits an award for the most stagnant idea. If Page's idea of a dynamic code is today's living breathing Leviathan, with over… Continue