November 2, 2010 the American people voted, and in doing so, sent a message to Washington, DC. I believe we are seeing signs that the president heard that message.
In the past the President has tried to sink more and more money in to the socialist housing administration called Fannie Mae, and it’s ugly friend Freddie Mac. Not long ago, January 2010, Obama and the treasury department tried to write a blank check to fund those failed services. It was a bi-partisan effort to stop that from happening, but it was the President leading the efforts to not only pour more of our money down the drain of Fannie/Freddie, he was going to pay bonuses to his friends in charge of those departments of over $2 million.
Then the people spoke November 2010.
On CNN Money today: “The Obama administration on Friday officially unveiled its plan to remake the mortgage market and reduce the government’s role in housing finance by winding down Fannie Mae and Freddie Mac.”
“…”We are going to start the process of reform now, but we are going to do it responsibly and carefully so that we support the recovery and the process of repair of the housing market,” Treasury Secretary Tim Geithner said in a statement.” It good to see that they want to start reform now, even though people like Ron Paul called for reform 7 years ago, but the Democrats stopped the reform and we got the housing crash.
unfortunately the president’s plan is to phase out the funding over the next 7 years, you know… so that a Republican president will have to deal with closing the doors of Fannie/Freddie instead of doing the hard work himself. I guess he is learning from Clinton, pretend to be center and push responsibility to the next president, then hope it makes you look good.
So, is this the beginning of the President’s re-election propaganda push, where he pretends to do what the majority of Americans would like him to do? or, will he promise things that he will not deliver on as usual?
Or better yet, has the president woken up to morning in America?