Oh my, how many times will you let these fellows get away with it?
The Clinton / Obama blame game goes on blaming Bush for the financial collapse, while the drive-by's suddenly forget recent American history.
(When clicking on the links in this article, if playing pause audio on bottom of page.)
It was these two Democrats (key word) in the first place and among others that had pushed banks to make the bad loans in the 1990s, causing the crises we have today. It was not based on finances. It was based on politics . . . the creation of a new voting block for the Democrats. How soon you forget (or weren't told) what went on just a decade ago.
Let's revisit. Obama, as an attorney for ACORN in Chicago, watched ACORN use back-door fascist tactics in bank lobbies, meeting rooms, and at CEO homes to harass bankers into giving loans to people who couldn't afford them. ACORN had referred to the banks as"Racists."
Then Clinton, as president of the country, had his Attorney General, Janet Reno, go in the front door and accuse the banks of "Redlining" poor neighborhoods, threatening regulation if the loans weren't given out. When the banks finally caved into the external pressure from the Democrats, they had to ask, "Dear master, where do we place these loans because we know the people can't afford them?"
The Democrats had the answer ready in their pocket. "You can sell them to Freddie and Fannie!"
Suddenly all these unqualified people who were given the mortgage loans would be thought to be indebted forever to the Democrat Party. Through its efforts, the party had created another entitlement . . . a guaranteed new voting block for the so-called Party of Hope.Freddie and Fannie, under control of the Democrats, took over these bad loans that would later find their way to be packaged by Wall Street as great investment opportunities for world investors.
Wall Street had picked up the subtle message from the Democrats in Washington that bad business practices in the name of self-benefit would now be tolerated and their use ignored with a wink of approval. And you thought Russia was corrupt!
At least its media admits it's in the tank for those in power, not like the weasels that control our so-called free press today. Rush Limbaugh has correctly labeled our mainstream media as the drive-by's. To Rush, they resemble the Chicago mobsters who bullet-riddled their enemies in drive-by shootings.
In 2005 the Republicans tried to force Congress to rein in Freddie and Fannie, but the Democrats screamed, "No way!" Then over a dozen Republicans with McCain's encouragement on May 5, 2006, wrote the famous letter to Congress saying if these government financial institutions weren't brought under control, America could have a financial meltdown.
Now that this letter has been proven as a landmark document, Clinton and Obama still insist on playing the same blame game again. And they know the mainstream media will not bring them to task . . . a slobbering dog lying in their laps with tongues hanging out and tails wagging, "Yes master, yes master. Tell us what to tell the people."
Sadly it would be the Democrat Party, now called the Party of Hope, that would have strangled millions of Americans with bad credit as their homes went into foreclosure. Bankers had known since the beginning they were not Redliners or Racists as labeled. Yet in Canada, there is NO crises because by law, not politics, homeowners are responsible for not paying their mortgage, not the banks.
In the end, Democrats also knew of the ACORN voter fraud, yet still tried to fund ACORN billions (with a "b") through the first Stimulus Package.
Gee, I wonder why? But now you know.
Thomas Jefferson, a founding father, had warned us of these times:
"The democracy will cease to exist when you take away from those who are willing to work and give to those who would not."
"When the people fear their government, there is tyranny; when the government fears the people, there is liberty."
"Whenever the people are well-informed, they can be trusted with their own government." (And when they had not? - Webmaster)
Maybe YOU, the reader, helped elect these guys to office who have screwed the rest of us. If so, please choke on it with a smile, remembering sometimes Americans do get the government they richly deserve. (University of Virginia site on Jefferson Quotes.)
Seduced by Change!
There are three voting blocks the Democrats went after at any expense on the American taxpayer to keep themselves and their cronies in power. The first was applicants of low-cost mortgages, which almost brought down the entire economy ten years later. The second was illegal aliens to become citizens. And the third was income distribution, giving poor voters checks at the expensive of those who provide the very jobs for most Americans.
Do you still need further proof? Here it is. |
With these kinds of friends . . . you don't need any enemies!
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