irreligious at best.

so there's this thing about capitalism: business needs to have competition to keep prices down. there's many things about basic economics that seems to be beyond the current administration, so i'm not exactly surprised that they don't get this.

in order to help the ailing housing economy, the current administration has decided to give freddie and fannie 20 mil in housing contracts to the exclusion of other banks and another fifteen mil from the federal reserve to give low and middle level income households a "better shot" at home ownership. the problem with this is that that's not how it works. by doing this they keep housing prices where they are and potentially raise them as more money gets artificially pumped into the system and either way it continues to screw over the low and middle income families by keeping the prices high and potentially increasing them making the low wrung houses still out of reach. nice obama, nice.

original article here: http://www.conservativepunk.com/articles/2187/