When the democrats eliminated red lining for mortgages it pushed Fannie Mae and Freddie Mac to loan money to people it should never, ever, have loaned to! This would result in the housing bubble and subsequent great recession! In order to cover their tracks they bailed out the banks and required the tax payers to fund banker’s bonuses.
Not stopping there they created the student federal loan program which allows students and thier wealthy guardians to borrow money at low interest rates so that their kids could party on campus for the next 4 years! The combination of this and asian student enrollment drove the cost of colleges thru the roof! Now the newly minted barista’s and their parents are claiming poor mouth! Three guesses who is going to pick up this tab also? Yup, the people who paid their mortgages and student loans!
And that is all I’m going to say about that!
