Obama Leverages FNMA and FMAC Success

Experienced and proven economic maven Barack Hussein Obama, basking in the glorious success of FNMA and FMAC, understands the benefits of Government Sponsored Enterprise (his campaign is swimming in the effluvia). The stupendous, smashing success of government in the mortgage business has stimulated ruler Obama to also put government in charge of manufacturing automobiles.

This guy is a genius.

Obama Pushes $50 Billion for Car Companies, Wants Auto Czar

President-elect Barack Obama is pushing Congress this year to approve as much as $50 billion to save cash-starved U.S. automakers — money that likely would be spent at the discretion of a “czar” to guide the companies.

At stake, Obama’s economic team believes, are hundreds of thousands of automotive jobs and a large chunk of the functioning U.S. economy. The president-elect is convinced that General Motors Corp. could fail by the end of January without the money, according to Bloomberg new service.

The real beauty of this latest, ingenious Obama financial fiasco is the “czar” part.

Hey, affordable mortgages worked out great, didn’t they? Trust Obama.

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