Fannie Mae-No Politics (FNMA)

[Bouray00]

You are thinking hard, but you are missing the base group that supports Obama and the democrats. Their base is not the tax paying population, their base is the welfare and food stamp population. Fannie and Freddie, through the 1994 National Home Ownership Strategy where Bill Clinton pushed the concept that everyone should own a home. Regardless of what anyone says, that was the foundation of the housing bubble. All politicians fell in line afterwards, knowing that this concept meant votes. However, the homes low income families wanted were unaffordable. Builders were not building homes in neighborhoods in the price range of $30k to $50k, besides, low income families want the lifestyle others have that work and make money. Saul Alinsky spells out the liberal attack to divide the nation all too simply and plainly.

The organizer dedicated to changing the life of a particular community must first rub raw the resentments of the people of the community; fan the latent hostilities of many of the people to the point of overt expression. He must search out controversy and issues, rather than avoid them, for unless there is controversy people are not concerned enough to act. — P.116-117/

The NAACP came out and praised obama for supporting fnf, even though obama , to my knowledge, never did actually come out and support fnf. I take this as a warning shot from the NAACP to Obama to remember his base and not to stray away from the ideals that provide the democrats with votes. It took from 1994 until 2008 for the housing bubble to burst. Most politicians made their fortunes and were gone, or have jumped ship like Barney Frank.

This was a rather long response to your thought, but I think it's well worth understanding who is Obama's base and what their motives are. Tax payers for the most part are only a small portion of Obama voters.

Have a good day.