It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Some features of ATS will be disabled while you continue to use an ad-blocker.
Gingrich claims that he supports Fannie and Freddie because he believes the federal government “should have programs to help low income people acquire the ability to buy homes.” But Fannie and Freddie don’t do this and never have. When government “helps” someone by subsidizing the purchase of something (through easy credit or lower-than-market rates), it makes that something more expensive. Helping someone buy something that is overpriced because of your help is not help. Fannie/Freddie subsidies not only hurt the low income people they intend to help, they hurt everyone by subsidizing, and therefore distorting, the entire housing market. Fannie/Freddie’s charity has now taken a dark turn. Like their Depression-era New Deal predecessor the Regional Agricultural Credit Corp., Fannie/Freddie are now repossessing homes at an increasing and alarming rate.
speaks volumes to me. I as well would like to see every family in America be able to purchase their own home. Wouldn't you? Contrary to popular belief, "conservative" does not equal "anti-poor" or "anti-opportunity"... at least not the way I define it.
...he believes the federal government “should have programs to help low income people acquire the ability to buy homes.”
He sounds an awful lot like a Democrat.
He is firmly in the pro-Israel camp. Every sin of Israel puts blood on Newt's hands, because he empowers them. Add traitor and fraud to his resume.
Newt is an elitist. He is part of the "club". He cares nothing for you Redneck.