I see Kevin Lamb last night had to squash
a readerâ€™s effort to explain away the CPUSAâ€™s enthusiasm
for President Obama, and that Steve Sailer has highlighted
some New York Times
evidence of the Administrationâ€™s rapid move to socialize/politicize housing finance:
In the last six weeks alone, the Obama administration has essentially transformed Fannie Mae and Freddie Mac into arms of the federal government. Regulators have ordered the companies to oversee a vast new mortgage modification program, to buy greater numbers of loans, to refinance millions of at-risk homeowners and to loosen internal policies so they can work with more questionable borrowers
US Likely to Keep the Reins on Fannie and Freddie By Charles Duhigg
March 2 2009
None of this can be a surprise to anyone who has read Steveâ€™s book. As I noted in Does Obama know any Economics?
there is a revealing passage in the Obama autobiography/self-celebration about his time at Occidental College, which Steve quotes:
To avoid being mistaken for a sellout, I chose my friends
carefully. The more politically active black students. The
foreign students. The Chicanos. The Marxist professorsâ€¦At night, in the dorms, we discussed neocolonialism, Franz Fanon, Eurocentrism, and patriarchy
! Two decades
after the end of French Algeria
What kind of man wanted to hang out with Marxist professors in the final year of the Carter Administration?
The Stock Market has broken down out of a sideways pattern since Obamaâ€™s inauguration - to multi year lows. It must have read Americaâ€™s Half Blood Prince
Essential reading for the Obama era!