By forcing the banks to give loans to those who could not repay them, they created a huge artificial demand for homes, inflating the price of real estate to the point t when legitimate buyers could not afford them.
These new buyers could not afford the payments, putting so many homes back in the market due to foreclosure and walkouts that the bubble burst, decimating the home prices and the lenders; and with them, our entire financial system.
The same community organizers encouraged the autoworker unions to demand unreasonable high salaries and benefits, which are unsustainable. Now they are asking that we bail (the unions) out.
Adding insult to injury, during the TARP negotiations, they demanded billions for the community organizers under ACORN.
There is a common element to all of this, and other maladies of our economy and everyone can connect the dots, leading to the same group of people, lead by our President elect.
Barack Obama not only wants to unionize every untapped source of support for him, hence his proposal to eliminate the secret ballot on union/non union votes, where workers can be manipulated, if not intimidated, to vote union. Obama set as a condition to pass a trade agreement with Colombia (one of our very few allies in Latin-America), to the internal ‘working conditions’ in that sovereign nation. He wants to ‘organize’ and unionize the world. I don’t think we have seen yet the true dimension of Obama’s ambitions.
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