Random Liberal Quotes...
"There is unmistakable evidence that Saddam Hussein is working aggressively to develop nuclear weapons and will likely have nuclear weapons within the next five years. And that may happen sooner if he can obtain access to enriched uranium from foreign sources -- something that is not that difficult in the current world. We also should remember we have always underestimated the progress Saddam has made in development of weapons of mass destruction." -- John Rockefeller, Oct 10, 2002
|
|
hillarynews
Joined: 24 Jan 2007
Posts: 2255
|
 Posted: Fri Apr 04, 2008 3:00 am Post subject: Clinton's risky bailout |
 |
|
|
 Clinton's risky bailout
Washington Times EditorialDemanding a moratorium on foreclosures, a highly questionable "self-financing" government bailout of imprudent borrowers and a five-year freeze on the initial "teaser" rates for adjustable-rate subprime mortgage, Hillary Clinton evidently believes there never was a housing bubble. In her mind, it appears that any deviation from this unsustainable trend is either un-American or an assault on the middle class.
Category: Commentary
Washington Times EditorialDemanding a moratorium on foreclosures, a highly questionable "self-financing" government bailout of imprudent borrowers and a five-year freeze on the initial "teaser" rates for adjustable-rate subprime mortgage, Hillary Clinton evidently believes there never was a housing bubble. In her mind, it appears that any deviation from this unsustainable trend is either un-American or an assault on the middle class. "Home prices dropped almost 9 percent last quarter" from year-earlier levels, she recently noted, emphasizing this was a decline in "home prices for everyone. If you've paid off your mortgage," she disingenuously observed, then "you have suffered the steepest decline on record." Of course, if you have "paid off your mortgage" (or even if you bought your home before 2000), then you benefited from the (national average) bubble-era price increases of 9.8 percent (2000), 7.7 percent (2001, a recession year), 10.6 percent (2002), 10.7 percent (2003), 14.6 percent (2004) and 14.7 percent (2005). Apart from foreclosures related to job losses, a significant majority of people facing foreclosure today are those who made risky bets in recent years.
Read more...
Source: The Hillary Project
Description: reporting the news about Hillary that the media refuses to |
|
| Back to top |
|
|
|
|
Add this topic to your bookmarks
|
You can post new topics in this forum
You can reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot vote in polls in this forum
|
|
|
|
|
|
