This Could Be The Single Largest Election Purchase In Our Lifetimes,And The Largest Redistribution of Wealth In History

When President Obama took office, he instructed Fannie Mae and Freddie Mac to begin buying up foreclosed homes. According to Stimulus Package Details, Fannie received another $200 billion influx of cash from the Stimulus Package.

According to Reuters, Fannie received an additional $8.5 billion to continue snatching up foreclosures in May of 2010. At the time, Rush predicted that President Obama’s end game was to turn all of the assets owned by Fannie & Freddie into Government Housing.

This past August, Hot Air.com chronicled details of the faltering mortgage giant receiving another $5.1 billion cash infusion from the Obama administration. Furthermore, the Associated Press reported that the Obama administration quietly announced that it was planning to turn the estimated 250,000 foreclosed homes that have been purchased by Fannie Mae and Freddie Mac into Government Rental Housing.

President Obama could effectively nationalize the housing industry, making the Federal Government the largest landlord in the world, and completing the largest redistribution of wealth in history.

Foreclosing a home and allowing the current owner to rent at below-market rates would create another huge class of people receiving government benefits. or lowering mortgage rates for the poor.

With the expansion in food stamps, Obamacare and so forth the goal of the Left is clearly to get as large a percentage of the American people beholden to the government as possible as a preparatory step to his fundamental change.

So, everyone’s property taxes increase. Or services are forced to be cut. The municipality is forced to request State or Federal help.It is diabolical and I mean that word in its literal sense.

There’s another agenda here. Get Holder’s people from the ghetto to the burbs and then sit back and watch the havoc they create. More chaos to take advantage of.

Jaret Seiberg of the Washington Research Group:” a think tank bunch “To us, the most important takeaway from a recess appointment of Cordray is that the President could use this same maneuver to put a housing advocate in charge of FHFA.” Federal Housing Finance Agency.

“And why is that important? The Federal Housing Finance Agency is the regulator and conservator of Fannie Mae and Freddie Mac. And the FHFA currently has an acting director, Edward DeMarco. If Obama replaces him with a ‘housing advocate’ via the same recess appointment process, here’s what might happen next, according to Seiberg:

Those people that went to the town hall meeting shortly after Obama was elected, inaugurated, saying, “Where’s my car? Where’s my new kitchen?” Obama is gonna say, “Here is your house! I have made it possible for you to stay in and afford your house.”

So it won’t matter who the Republican nominee is. It won’t matter whether our nominee says the government is screwed or not or we’re screwed. None of that stuff will matter. The polling data won’t matter. This will be the single largest election purchase in our lifetimes, and it coincidences with defense department cuts and so forth. So the bottom line is: It’s a political and economic gaining changer in a presidential election year.

It’s an election year and all that’s going to be reported is the intention. The compassionate intention of Obama to help people who have been screwed by predatory lenders to make their mortgages affordable. Whether it ever happens or not will be irrelevant in terms of the impact on the campaign. The way it will be reported is, “Obama cares!”

His intentions. His big-heartedness. “He wants to help.” And, if it doesn’t happen, you go to the old reliable: You blame the Republicans for standing in the way of it.