News Flash: Mortgage Corportation is now "Socialist"
Georgia Newsom of Sylva, North Carolina writes in today’s Asheville Citizen-Times against the candidacy of Barack Obama by pointing to what she calls “socialism”:
“Why complain? Government intervention, especially Fannie Mae and Freddie Mac, programs run by the government with roots going back to the 1930s, has already triggered and contributed to a financial meltdown that has collapsed the life savings of many, more socialism and Marxism will just be more of the same…. Interventionist, communist, Marxist socialism bankrupted Russia and ultimately will do the same for us.”
Someone explain to me the socialist, communist, Marxist nature of a corporation not funded by taxpayers that loans out capital with interest. I just don’t get it.