Loans to Unqualified People

Mark, perhaps you will be kind enough to forward this to Kate Obenshain. 


TO: Kate Obenshain:  I saw this week on O’Reilly you did not have the facts at hand to refute Bill O’Reilly’s assertion that loans to unqualified people were not a significant factor in the housing crisis.  Also he does not know that President Obama only received 31% of the VEP (aka Registered vote).  SEE BELOW: Census/Federal Register and Boston Federal Reserve Bank.


Since Teddy Roosevelt (1904) no President has received more than 36% support from the voter-eligible-population (VEP). A country divided is not something new, or something old.  President Obama won just 31% of the VEP. (Dec. 2008 count).  The media characterizes this plurality of votes as a mandate to justify the President (any President for that matter) imposing his will, or vision upon us. Not one President in over 100 years, in fact, has received a legitimate mandate to impose his vision on America.  This also applies to nearly all local elected officials who rarely receive more than 27% of the VEP.  As Casey Stengel used to say, “You can look it up!”   Page 15, Free Chapter 1, from:  Romancing The Voters  By Fred Schnaubelt

VEP, VAP, Registered Voters have different definitions.

2012 President Obama received 64,430,488 votes divided by 221,925,820 = 29% of VEP (aka registered voters). 2008 President Obama received 69,498,526 votes divided by 213,313,508 = 32.5.2% of VEP (aka registered voters).

Different agencies and different tally dates have results ranging from 27% to 32.5%. (Certainly not a majority other than by those who show up).


Frank’s fingerprints are all over the financial fiasco

By Jeff Jacoby, Globe Columnist / September 28, 2008
‘THE PRIVATE SECTOR got us into this mess. The government has to get us out of it.”

That’s Barney Frank’s story, and he’s sticking to it.