TEOA Economics

Well, those republicans. It's all THEIR fault that we're facing this economic crisis! Let's vote in another DEMOCRAT so we can have some CHANGE! Right?

Read this article. Pay special attention to the date. Note the administration it's talking about...

NY Times


Here some FUN outakes:

In a move that could help increase home ownership rates among minorities and low-income consumers, the Fannie Mae Corporation is easing the credit requirements on loans that it will purchase from banks and other lenders.

The action, which will begin as a pilot program involving 24 banks in 15 markets -- including the New York metropolitan region -- will encourage those banks to extend home mortgages to individuals whose credit is generally not good enough to qualify for conventional loans. Fannie Mae officials say they hope to make it a nationwide program by next spring.

Fannie Mae, the nation's biggest underwriter of home mortgages, has been under increasing pressure from the Clinton Administration to expand mortgage loans among low and moderate income people and felt pressure from stock holders to maintain its phenomenal growth in profits.

Obama '08!!! Bring on the CHANGE!!