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Thursday, July 28, 2011

and not one of her lemmings followers

will say a word. she's a hypocrite and a daydreamer (not in a GOOD way mind you) and someone who is so out of touch with truth and reality 

why, why, why oh great goddess WHY??????????????????????????

Bachmann used loan program weeks before pushing to eliminate it

By Lynda Waddington 

Weeks before U.S. Rep. Michele Bachmann (R-Minn.) pushed for the elimination of government-backed loan programs, she and her husband, Marcus, signed documents to finance a $417,000 home loan, which experts told The Washington Post was backed by the very programs Bachmann had aimed to destroy.
Bachmann, along with several other members of Congress, blamed Fannie Mae andFreddie Mac for the 2008 financial meltdown. Due to their government-backing, the programs can offer lower interest rates, but those opposed have argued that the programs come at too high a cost to taxpayers.
From reporter Kimberly Kindy of The Washington Post:
… Bachmann has been the most outspoken critic of the loan programs and other government subsidies among Republican presidential candidates. Former Minnesota governor Tim Pawlenty also has called for dismantling Fannie Mae and Freddie Mac. Experts who reviewed his mortgage documents said that there was no way to tell whether his home loan from 1994 had government backing.
Bachmann’s mortgage was part of a package of debt that she and her husband, Marcus, assumed to buy their home, public records show. They also have other loans, including a home equity line of credit, a business mortgage and another business loan for their Christian counseling clinics, bringing their liabilities to more than $1 million, according to the most recently available public records. …
The situation is politically significant not only because Bachmann took advantage of a program she opposed, but because she has remained a staunch critic of government debt, often reminding Iowans at her whistle stops that the government should function like families do and not spend more that it has...............

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