The President wasn't referring to J.T. Henderson from Grand Rapids, Michigan. He's a "discount realtor" who will sell your house for less than $500, and he specializes in "HUD homes" - foreclosed homes that were backed by an FHA loan, whose ownership has now reverted to the Department of Housing and Urban Development.
The rapid rise in the number of "HUD homes" is another product of the financial crisis brought on by Wall Street deregulation. They're also trying to use the threat of a government shutdown to roll back the partial reforms enacted last year.
Nor was the President referring to the J.T. Henderson who says somewhere on the Internet, "Got so much money I should rob myself." The guys who really fit that description are on Wall Street, but they're not robbing themselves.
And the President wasn't referring to the J.T. Henderson who was a Scoutmaster in West Texas fifty years ago. That J.T. painted large nature murals on the tents of the Boy Scouts under his supervision, and they were apparently a big hit at the 1964 Boy Scout Jamboree. He's not relevant to the budget issue the way the other J.T.s are, but his murals were pretty cool.
All of these J.T. Hendersons have something in common with the man the President did mention last night - and with people on food stamps, students with Pell Grants, people with FHA loans, with you, and with me.
We're all real.
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