Obama's Recipe for Disaster

2010 January 29 post from reamworks

Obama’s State of the Union Speech:


“…That’s why we’re working to lift the value of a family’s single largest investment – their home. The steps we took last year to shore up the housing market have allowed millions of Americans to take out new loans and save an average of $1,500 on mortgage payments….”

 

Hmm, let me see…take out new loans (HELOC) and low mortage rates. Yes, a quick look into recent history reveals that this is a recipe for economic disaster. I mean is this guy retarded or is he purposely trying to destroy what’s left of the economy? I really don’t know what to think of him.

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