Can Obama Help?

Let us suppose for a moment that you happened to be someone who had never owned a home.  And you happen to be black.  It isn’t quite fair, you know.  White people own homes, so why can’t blacks?  This is exactly the question attorney Barack Obama asked himself some time back in his communist, uh … community-organizing days.  So he riled up a bunch of disenfranchised poor people, 99.99% of whom were black, and they sued Citibank for —oh, I don’t know, maybe loan discrimination.  And then a miraculous thing happened: Obama won his lawsuit, forcing Citibank to offer mortgage loans to 186 black American families.  What a wonderful story.  It almost brings a tear to my eyes.

Almost.

The problem, you see, is that of the 186 families who received mortgage loans they couldn’t afford, only 19 black families still own their homes.  Citibank foreclosed on the rest of those homes.  It is perfectly understandable, of course.  You see, what happens when people lie on their financial statements, when they obfuscate facts, they qualify for homes they cannot afford.  And sneaky pond scum who call themselves communist, uh … community organizers have them sign loan agreements that start off with monthly house payments of around $1,000 a month, which almost anyone can afford.  But then, within eight or so years, those house payments balloon to at or above $3,000 a month, which hardly anyone can afford.  Add to that all the luxuries every family likes to have, diminished cost of living, and staid salaries.  And let's be honest, not every family makes wise financial decisions.

Also, factor in Barack Hussein Obama's unemployment program which disproportionately hurts black workers of all ages [Source].

And this brings us to three essential questions.  First, has Barack Obama’s communist, uh … community organizing efforts helped, or hurt the black community?  Second, given the fact that almost no one can afford Barack Hussein Obama “help,” why are black Americans still lining up behind this lying dirt bag?  Finally, why isn’t Barack Hussein Obama in jail, along with Chris Dodd and Barney Frank?  Okay, I admit that last question is rhetorical.

But yes, those liberals sure do love their black folks.

[Source]

--Mustang Sends

Holder: Approving loans for minorities with poor credit AGAIN? Wait till you see this

Investor's Business Daily, Mustang and I would like you to be appraised of something Eric Holder is doing now that might not surprise you but should alarm every American, especially now with our debt problem:

Eric Holder: Racketeer

Several forms of racketeering exist.  The best known is the protection racket, in which criminals demand money from businesses in exchange for the service of "protection" against crimes that the racketeers themselves instigate if unpaid; it is also known as extortion.  But not all forms of racketeering are illegal; for example, when the government or minority organizations do it, that’s okay.

For years, the Rainbow/Push coalition has threatened American corporations with charges of racism unless they “pony up” large sums of cash to help blacks.  This has been going on for years, and one corporate officer once said that no matter how much these corporations pay, it’s still cheaper than losing revenue to spurious claims of discrimination.

Not to be undone, now the federal government is doing it too.  Led by the racist Eric Holder, writer Paul Sperry of Investor’s Business Daily tells us:

“In what could be a repeat of the easy-lending cycle that led to the housing crisis, the Justice Department has asked several banks to relax their mortgage underwriting standards and approve loans for minorities with poor credit as part of a new crackdown on alleged discrimination [emphasis added], according to court documents reviewed by IBD.”

“Prosecutions have already generated more than $20 million in loan set-asides and other subsidies from banks that have settled out of court rather than battle the federal government and risk being branded racist. An additional 60 banks are under investigation, a DOJ spokeswoman says.”

“No Job, No Problem.”

This sounds exactly like the racketeering perpetrated by Rainbow/Push; worse, Obama/Holder appear committed to returning us to the problem that generated the housing crisis to begin with.  And, of course, the video below will show you what started the housing crisis.  Watch at your own risk.

Does this even make sense with an upside down economy?  Do we really need to repeat a huge mistake whose genesis you'll see in the video?  What are your opinions about what Holder's doing AGAIN, NOW?

Mr. Mudd looked like a deer in the headlights, didn't he.  One would think he realized what trouble he was creating for the housing market but just had to keep on keepin' on....for SOME reason. If ONLY people had LISTENED TO BUSH.
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