Progressive Economic Philosophy of Barack Obama

What school of economics is this?

Affordable mortgages for bad credit risks. No income, no problem. No credit check, no income check; nothing down.

Banks will make loans to those who cannot pay; or they will do no business at all.

This is the economic philosophy of Barack Obama; and it has almost destroyed the greatest nation on Earth; the most productive economy ever has been brought to its knees, if not flat on its face. Two or three trillion dollars lent to home buyers who cannot pay, at the insistence of socialists in government, is all it took. Obama has not even begun, though. No perspiration yet, not even a glow.

h/t: Obama Sued Bank to Force It to Give Out Risky Housing Loans – Precursor to Subprime Crisis Buuuuurrrrning Hot

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