Obama lifts bailout caps on Freddie Mae and Freddie Mac

Christmas Eve 2009

Obama now wants no cap at all, which means that he has plans to spend a lot more money on inflating a housing bubble that still needs deflating.  That will once again start the cycle of price escalation, speculation, and eventually another collapse of the bubble.  The pattern is utterly predictable, as is the damage it will inflict on the economy.



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