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ender_wiggin04
Presidential
Sep 18, 2008 08:37
I haven't waded into this one for a while - and, BTW, I'd vote Obama over McSame. But here's why it's a disaster that Ron Paul isn't getting in...
Congressman Ron Paul
U.S. House of Representatives
July 16, 2002
Mr. Speaker, I rise to introduce the Free Housing Market Enhancement Act. This legislation restores a free market in housing by repealing special privileges for housing-related government sponsored enterprises (GSEs). These entities are the Federal National Mortgage Association (Fannie), the Federal Home Loan Mortgage Corporation (Freddie), and the National Home Loan Bank Board (HLBB). According to the Congressional Budget Office, the housing-related GSEs received $13.6 billion worth of indirect federal subsidies in fiscal year 2000 alone. ...[read more]
Neither of the two current candidates show any real understanding of the economy. That would be a disaster for a country that's presently quietly selling off the last of the gold from Fort Knox to prop up the short term economy.
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