Home Foreclosures

On the surface, certain facts sound good; however, the statements some make fail to recognize on whose “watch” the greatest foreclosures occurred.  To wit, “25. More home foreclosures in our history; the U.S. Government owns them.”  When things go well (as in the stock market growth and advances over the past four years) the POTUS receives the credit whether he has any “direct” control over it or not.  On the other hand, when things go poorly, the POTUS also receives the blame for it.  However, in this case, Obama does have control over the improvement or further exacerbation of the housing industry and economy including home foreclosures due to his economic policies.

The Democrat Congress had passed the Fair Credit Housing Act of 1993 and signed by Democrat President Bill Clinton.  The housing foreclosures are the result of Democrat Congressmen Barney Frank and Chris Dodd.  President Obama DID exacerbate things in the housing industry (including foreclosures) because of his Marxist-socialist Obamanomics policies.  Hence, the housing bubble and subsequent burst had everything to do with Democrat presidents Clinton and Obama, the Democrat Congress, and Democrats in general who received most of the housing loans.  They knew that they could not repay the loans—much less keep up with their monthly mortgage payments.

Obama had everything to do with the depressed housing industry and economy including foreclosures over the past four years.  I am a bit surprised at those who appear to be Obama apologists in this matter.  Obama has contributed to the expansive failed bailouts, excessive spending, massive annual deficits, greatest national debt expansion in American history, lack of jobs creation, failed investments in bankrupt “green” companies, downgrading of the national credit rating from AAA to AA, and the overall national malaise.

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