posted on August 14, 2007 03:48:14 PM new Hillary’s socialist housing bailout plan
By Michelle Malkin • August 14, 2007 11:41 AM
If you thought Hillary Clinton’s health care takeover plan was bad, wait ’til you see what she has in store for the housing sector.
As always with the Clintons, the market is the problem and Big Nanny (and Big Fannie and Big Freddie) are the solution.
Last week, she unveiled her “four-point plan” to protect the American Dream of homeownership. She’s wildly waving around $1 billion promises here and $1 billion promises there. Look out:
In her address to about 250 people in a Derry elementary school gymnasium, Clinton criticized unscrupulous mortgage brokers who push customers into borrowing more to pad their commission or are dishonest about the true cost of the loan. To help curb the number of foreclosures, Clinton proposed setting up a $1 billion fund to assist homeowners in making arrangements with lending companies to stay in their home.
She also discussed the lack of affordable housing, an issue that is particularly a problem in New England.
To promote more affordable housing construction, Clinton proposed another $1 billion fund which would be distributed to state, county and local affordable housing programs.
The full plan is at her campaign blog, where she’s soliciting personal stories of homeowners “at risk.” Guess she’s tired of hearing John Edwards trot out his health care victim James Lowe anecdotes.
