Is it any surprise to observers of the federal government? It appears to be the case that former President Obama was robbing from Peter to pay Paul. Or at least, that’s the charge being leveled against the former President, as confirmed by Treasury Secretary Steve Mnuchin in this telling clip.
Fox’s Maria Bartiromo questions Mnuchin about how Obama was managing the money needed to pay for Obamacare and why the press hasn’t had complete information on this topic previously. It seems that profits from the government’s two official mortgage support programs, the Federal Home Loan Mortgage Corporation (“Freddie Mac”) and the Federal National Mortgage Association (“Fannie Mae”) were being used to prop up Obamacare, and the facts surrounding this scandal were exempted from the Freedom of Information Act (FOIA), a law passed by Republican President Ronald Reagan ensuring that federal records and actions are always completely transparent to the public.
That any government agency or rule-making is exempt from FOIA should be disturbing in and of itself, but the financial shenanigans that Obama and his minions were revealed to have been playing should be a concern for all taxpayers since these created unacceptable risks for the nation’s economy, which housing is undeniably a huge component of. As Treasury Secretary, Mnuchin is in exactly the correct position to ensure that such game-playing doesn’t occur on President Trump’s watch, and the fact that it happened during the previous administration is just further proof of Obama’s corruption that likely isn’t a surprise to most conservatives.
Watch as Mnuchin discusses this fiscal chicanery with Fox’s Bartiromo.
