Obama has money for every financial institution there is. But homeowners are still waiting for help. Reminds me of another out-of-touch president who spends too much time with rich people…
Shoot the Gook
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John McCain’s inability to remember his number of residences (or, more accurately, Cindy’s) certainly exposes his inability to relate to ordinary Americans. Of course, the same is true of Obama, though to a less extreme extent.
The American Hallucination
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A wag in the New York Times pointed out that the current ARM mortgage crisis owes at least as much to predatory borrowing as it does to predatory lending (which is admittedly a huge problem). I own a home now, but I can’t help wondering why renters–people who can’t afford to buy a home–should pay higher taxes to support those who own? It’s already pretty crazy that the Army Corps of Engineers spends millions to shore up beaches to save homes owned by multimillionaires.
