Democrat Forced Health Insurance Proposals Undermine Bank Bailout

Who do Democrats expect to bailout the mortgage lenders next time?

After the Sub-prime Mortgage Crisis almost shut down the U.S. Economy, the Obama Government loaned billions of Taxpayer Dollars to bailout banks faced with massage mortgage defaults. To help stabilize the collapsing housing market that secure bank mortgages, Congress approved short-term, home buyer cash incentives to increase home sales. But Foreclosures have continued to escalate while banks already hold several million mortgages on homes worth less than their mortgage.

Democrats, despite mounting bank failures and home values plummeting, appear obsessed with forcing mandatory health insurance on Americans, including Taxes, Costs, Surcharges and Penalties that will prevent many middle class home buyers qualifying for Mortgages. Importantly middle class home buyers buy most of the homes and stabilize the housing market. Historically reduced demand (fewer home buyers) has caused lower home selling prices and lowered the value of homes that secure lender mortgages. That begs the question, “Who do Democrats expect to bailout the mortgage lenders next time?” Stagnate or dropping home sales over a long period, like the present, generally has caused higher unemployment in construction, manufacturing and financial institutions dependent on a stable housing market. Democrats should consider the economic damage they may cause to lending institutions and Americans by imposing forced health insurance.