He wants us to help people rent, rather than own, their homes:
The Obama administration, in a major shift on housing policy, is abandoning George W. Bush’s vision of creating an “ownership society’’ and instead plans to pump $4.25 billion of economic stimulus money into creating tens of thousands of federally subsidized rental units in American cities.
The idea is to pay for the construction of low-rise rental apartment buildings and town houses, as well as the purchase of foreclosed homes that can be refurbished and rented to low- and moderate-income families at affordable rates.
Analysts say the approach takes a wrecking ball to Bush’s heavy emphasis on encouraging homeownership as a way to create national wealth and provide upward mobility for low- and working-class families, especially minorities. Housing and Urban Development Secretary Shaun Donovan’s recalibration of federal housing policy, they said, shows that the Obama White House has acknowledged that not everyone can or should own a home.
Which is just typical liberal, elitist hogwash – they don’t want people to own their homes because home ownership means independence. Obama and Co would rather have people stuck in a modern version of the old, hateful “housing projects” of the past…there to remain mired in poverty and government dependency.
Of all the things Obama has done, this tops then all in cynicism – to use the liberal-created financial crisis as a means of taking over the stock of American housing to rent it out to be people financially wiped out by the very same financial crisis which allows Obama’s Administration to buy the property. And how much would any like to bet that the groups set to manage these properties will be (b) in Obama’s hip pocket and (b) given plush contracts for doing it? This will be a windfall for ACORN and other such corrupt, leftist groups.
This is a program we have to stop – the goal of US policy should be to get us as far as possible towards 100% home ownership for the American people. If we wish to remain free people, then we must have property the government doesn’t control – its be owners, or be owned.
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