What Will Occupy Wall Street Think?

The Democrat controlled Senate voted for an amendment to give a subsidy to rich people. This is not the first time, and it won’t be the last time but it is a perfect microcosm of today’s politics and the politics that got us into the housing crisis. Next time any of the Senate Democrats say anything about “Occupy Wall Street”, they should get asked a simple question: if you are so worried about the 99%, why are you subsidizing housing for the wealthy.

Senators Bob Menendez (D-NJ) and Chuck Schumer (D-NY), who represent rich Democrats in New Jersey and New York, offered an amendment to raise the amount of a mortgage that Fannie Mae and Freddie Mac will backstop. The level that was backstopped by Fannie and Freddie was lowered to $620k, but they raised it again to $729k. So the government will offer a loan guarantee so that people can buy a $720k house.

The Democrats say Republicans vote themselves more power and more money, but that’s not what happened here. There were 31 votes against this upper-middle class subsidy they were all Republicans and every Democrat voted for more federal money for rich people.

The socialist Democrat agenda.  Buy votes for control.  The main stream media will be silent on this.  Then will berate Republicans.

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