Jim Geraghtry, National Review [1]:
All Barack Obama statements come with an expiration date. All of them.
In January, Mrs. Clinton proposed a mortatorium on mortage foreclosures [2]. As surely as natural fertilizer is aromatic, BO denounced Mrs. Clinton’s proposal [3].
In San Antonio on Tuesday, Obama said that Clinton’s foreclosure freeze was potentially “disastrous,” rewarding “people who made this problem worse” by benefiting banks that profit from high mortgage rates.
A “blanket freeze,” Obama added, might “drive rates through the roof for those trying to buy or refinance. Experts say the value of homes will fall even more, and even more families could face foreclosure.”
Today, BO again demonstrates Geraghty’s law, “[BO] calls for 90-day moratorium on foreclosures: [4]”
TOLEDO, Ohio – Democrat Barack Obama proposed more immediate steps Monday to heal the nation’s ailing economy including a 90-day moratorium on home foreclosures at some banks and a two-year tax break for businesses that create new jobs
BO is simple to figure out. His opponent’s idea are rash, stupid, reckless and irresponsible. Whereas his are brillant, or so sayeth BO.
Hat tip and More: Michelle [5].
What BO is proposiing to to do the liberal thing, and spend other peoples’ money. Rather than having the public buy up the bad mortages, an idea of which I less than thrilled about, BO simply proposes to the banks eat the bad ones. BO sees and obligation on the part of bank to make risky loans, but little oblgation the the mortagees to actually repay the debt they incurred. I concur with BO’s thought’s of January, and you?