Democrats are messing it up too

Even though Bush is no longer our fearless leader and the republicans are basically powerless, the democrats are making a bad situation worse.

I was really happy to hear about the first time home buyer credit of up to $15k. I was not happy with the limitation of financing past 4 houses. There are plenty of wealthy people who have cash on hand. Guess what these people want to do? They want to buy real estate!!! With interest rates where they are, people are wanting to exploit the buyers market that we find ourselves in. Inside the changes that are happening, one of them is a limitation on how many mortgages you can have. The limit WAS 10. It is now 4. What does this mean? Even the people with cash cannot get financing. The banks NEED to get back to lending. That is how they make their income; from interest off of loans. What is the ideal client? The ideal client is the investor who is well backed and leveraged with cash on hand. This is a huge mistake in my humble opinion.
I'm glad that George W Bush is out of office. He made a lot of mistakes. But I see some big mistakes being made since then. *sigh*