"Eisboch" wrote in message
...

"hk" wrote in message
m...
BAR wrote:
hk wrote:
BAR wrote:

20% cash down. If you don't have 20% down get a second job. If you
have to wait 15 or 20 years to buy a hose then that is what you have
to do. You do not have a right to buy a house regardless what Barney
Frank or Chris Dodd have to say.


Ahh, but you don't make the rules for this or anything else.

Sadly no. But, Carter, Clinton, Frank and Dodd all had a hand in
loosening the rules which contributed to the problem we find ourselves
in today. McCain and Bush saw the problem coming and tried to arrest and
turn it around but, they were thwarted by Frank and Dodd. The public and
Congressional record supports me.


You're hilarious. Really.


He's also correct.
Not quite that straightforward, but the point is that it was basically
another "giveaway" program that backfired. Now, according to Obama, the
solution is more giveaway programs.

Handing out money will not solve the mess we are in just as creating
artificial jobs won't. (FDR's programs didn't work either ... it took a
war to escape the Depression).

There are two basic solution options.
The first will take time and most Democrats, especially those on the far
left won't like it.
The second is to throw in the towel and become another European style
socialist republic.

Eisboch



Obama quote on how many jobs will be created vs. money spent comes out to
about $313k per job. Not very fiscally effective.