OBAMA DONORS:: Democratic Domain | Washington Free Beacon
By MB Snow at July 17, 2012 | 10:18 am | Print
BY: Andrew Stiles –
Local officials in San Bernardino County, Calif., met last week to consider a controversial proposal to use eminent domain powers to seize and refinance underwater mortgages.
The plan, which is being championed by wealthy investors with deep ties to the Democratic Party, has drawn criticism from opponents who see it as an egregious violation of property rights and an exercise in political cronyism.
“This is a group of folks who want to come in and use the government to help acquire properties for them and provide an impressive return on their investment,” said Steven Greenhut, a senior fellow at the Pacific Research Institute, a free-market think tank.
via Democratic Domain | Washington Free Beacon.
