Big Dem Gov under the direction of a solid Democrat majority Congress did so well with the home mortgage market that they just came up with an even better idea.
There goes the neighborhood!
Slick electioneering. Democrats had total control of Congress from 2007 to 2010. They could accomplish what ever legislative action they wished, including passing budgets. As the taxing, spending and regulating branch of Big Gov, Congress initiates things like annual budgets, taxes and billions and billions of dollars in “smart” stimulus spending. Let’s not even go down those bumpy roads of Big Gov regulations.
After Obama became our Ruler, Congress continued to spend like crazy for over two more years, 2009, 2010 and part of 2011. The results of their combined legislative actions have been a “Big Gov Created” mortgage fiasco, real estate devaluations, slumping contruction, increased cost of living [inflation], busted green energy bubbles, stagnet if not failing self sustaining energy production, and jobs lost.
In 2011, with a divided Congress, Democrats still want to spend like there was no tomorrow despite our massive debt problem on top of our other economic problems that that Democrats helped create.
Now, Obama is campaigning against Republicans saying that “they” do not want to create jobs and that “they” do not want any new [failed] spending to stimulate the economy.
It was announced recently that Democrats now want to begin a Big Dem Gov Rental Program. The goal is to rent out all of the foreclosed homes on the market, that they created.
Can you say … there goes the neighborhood.
Realtors know that foreclosed homes bring down the value of neighboring home. Empty homes are value killers as well. Home rentals where the renters have no skin the the game [the neighborhood] signal a new financial disaster for the home real estate market and home owners, if this is allowed to happen. =TheRightJack, posted on 9/28/11
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