Monday, October 26, 2009

Who did those bailouts bail out? Not the poor; not minorities

Who did those bailouts bail out?

Fannie and Freddie were bailed out last year, adding $5 trillion to our national debt, and put under government control. Now the news is it looks like FHA needs to be bailed out.

And, of course, low-income people who are the supposed beneficiaries of government compassion are the victims. Foreclosures in minority neighborhoods are reported to be seven times higher than the national average.
We can expect the same results from government taking over health care as we've gotten from housing socialism.

Thanks for that perspective, Star Parker:
http://townhall.com/columnists/StarParker/2009/10/26/the_health_care_fatal_conceit

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