Screw Freddie Mac and Fannie Mae

What the Republicans plan to do after they take over Congress is a good thing. Stop ridiculous spending and extreme taxing of the people to death. Establish an annual budget and live by it. Eliminate all pork-barrel projects. Eliminate all unnecessary social and entitlement programs.

What the Obama administration did to “fix” the problem only exacerbated it. We need to get back to a free market economy, not a centralized government-controlled economy. All of the money poured and wasted into bailing out Freddie Mac and Fannie Mae actually did not bail them out. It only exacerbated the problem. We should have let those crooked, corrupt organizations die on the vine.

Now, they tell us we need to provide over $150 billion more for further bailouts of Freddie and Fannie. If a double-dip recession starts, they will need over $300 billion to bail out Freddie and Fannie! We must not bail them out again by continuing to pour more good money down an empty black hole. Those folks who are running things are robbing us blind just as Frank Raines, former chairman and chief executive officer of the Federal National Mortgage Association (FNMA), commonly known as Fannie Mae, did by stealing millions of dollars of bonuses determined by phony earnings. What a crook! Cease and desist.

When incompetent crooks run incompetent organizations, we should allow them to die a quick death. We all would be better off if we stop feeding those two money monsters (like the Cookie Monster). Let them die a quick death and face the consequences. Obama, please, no more socialism for America!