The Next Shoe to Drop

Does anyone in Washington think about the next shoe to drop or the

unintended consequences of their meddling?

In the Obama Administration's latest attempt to spend our tax dollars, we have yet another bailout, They have proposed a new program that will pay homeowners to sell at a loss.

http://tinyurl.com/ydf4yfz

So let me get this straight, the federal government forced lenders to make loans to people who were not qualified then had quasi-government institutions (Freddie and Fannie) buy the soon-to-be-worthless mortgages and now that the mortgage have assumed close-to-worthless status, the tax payers must now pay the originally non-qualified borrowers to vacate their underwater homes??????

Not a lot of common sense being employed here.

Being one who employs common sense, I'm thinking the next shoe to drop is . . . . . . the commercial real estate market. If you pay any attention to the financial markets, it has been abundantly clear that the next financial crisis will be triggered by commercial real estate loan defaults.

I'M JUST CURIOUS IF OBAMA WILL HAVE ENOUGH OF OUR MONEY LEFT OVER TO BAIL OUT THE COMMERCIAL REAL ESTATE MARKET AFTER HE HANDLES THE RESIDENTIAL MARKET, WHICH WAS PRECEDED BY THE BAILOUT OF WALL STREET (with the help of the Bush Administration), WHICH WAS FOLLOWED BY THE BAILOUT OF GENERAL MOTORS, TO BE CAPPED OFF WITH . . . . .THE HEALTHCARE REFORM BILL AND CAP AND TRADE.

WAKE UP AMERICA!