The “Compassionate” Conservatism of Our President Handed Us The Mortgage Crisis.

It wasn’t that long ago that our president unknowingly yet, intentionally set the stage for this failure. I believe his effort was genuinely out of the goodness of his heart, however, socialism is a failure no matter who initiates it or what their intentions are. Had he taken a different tact in a less dramatic lowering of standards, predicted declining prices and weighed the ramifications with more scrutiny we wouldn’t need to be bailing out anyone nor looking at tremors from the initial shock of circumstances. ( Yeah, I know hindsight is 20/20 but, when the buck stops at your desk you have to be right everytime….Just for the record; our president has done many good things for the right reasons although the sneak of the amnesty bill with the added name calling of ‘xenophobes’ and even ‘vigilantes’ to volunteers protecting what he was supposed to be protecting still has me frosted beyond thaw.  )

In appreciating that 99.928% of home owners are paying their mortgage and of those most have sufficient equity in their homes for having options if any of them were to fall on hard times but, this is certainly not the case for first time home buyers who received the presidential hand-out of a down payment and the further twisting of lender’s arms to approve them for loans when it was obvious to the lenders this inevitable outcome was merely a matter of time.

Now, the same president acts to “save” the mortgage crisis with even more of our taxes from and through his own “compassionate” wrongheadedness but, not even the liberals are calling him on it as doing so would directly reveal their political goal of socialism ( in a large, “caring” parent of government ) is predictably and incontrovertibly a dismal failure.

Further, the same day Senator Murtha was compelled to publicly confess our troop surge had indeed won us victory was also the same day the MSM and elected official spin machines cranked up their old standby of loudly crying that our confidence-based-economy sky was falling. Simply stated, if they can’t lose the war to win the White House, they’ll destroy our economy to win it…they simply don’t possess any principles or values to know right from wrong.

Here is a mere sampling of the record of our president’s intentions and actions…cause and effect folks, it’s not rocket science;

President Hosts Conference on Minority Homeownership October 15, 2002
http://www.whitehouse.gov/news/releases/2002/10/20021015-7.html

President Focuses on Home-Ownership in Radio Address  June 15, 2002
http://www.whitehouse.gov/news/releases/2002/06/20020615.html

President Bush Signs American Dream Downpayment Act of 2003  December 16, 2003
http://www.whitehouse.gov/news/releases/2003/12/20031216-9.html

Remarks by the President in a Conversation on Homeownership March 26, 2004
http://www.whitehouse.gov/news/releases/2004/03/20040326-15.html