island1fox
Well-Known Member
To the "Other side"
I will also give you a few "clues"
Our economic problems did not start with W -very short sighted vision of our economy.
The major problem we have --call it generation x and y or call it just plain old bottom feeders.
In 1964 Johnson's Great society was supposed to end the war on poverty ---as give away programs and welfare grew ---we drifted into the CRI -the community reinvestment act under the great Jimmy Carter --provide housing to people who could not afford it ---Lets jump over the great Reagan recovery years and focus on Wild Bill Clinton --Deregulation you say --Fannie and Freddie were allowed to get out of control ----Obama as a community organizer and an attorney --attached to that honest group ACORN ---sued City Bank for not having enough MINORITY mortages --Lawsuit settled --Banks forced to have no or low down payments and provide "risky" loans.
During Bush administration ---Housing bubble identified years before it broke --Democrats in control led by Dodd and Obama blocked up or down vote to reign in Fannie and Freddie.
Of course Dodd was getting his own "sweetheart" deals while Obama was preparing with contributions from Fannie and Freddie and support from Acorn to become President.
The risky loans --so called backed up by the gov --then fell into the greed of Wall street with the "bundling and selling " that crashed not only our economy --but much of the world's. It is sad that you seem so blinded by your hatred against the right to truly take a step back and look at the facts.
Barney Frank, Chris Dodd, Maxime Waters, Congressman Meeks and many members of the Black caucaus blocked any action against Fannie and Freddy. Raines their dishonest CEO walked away with Millions !
I have to laugh when Obama who directly played an active part in this disaster in the late eighties and early ninties ---claims over and over that he inherited this from Bush !! Facts are facts --but you can drink Kool aid and believe what you want .
I will also give you a few "clues"
Our economic problems did not start with W -very short sighted vision of our economy.
The major problem we have --call it generation x and y or call it just plain old bottom feeders.
In 1964 Johnson's Great society was supposed to end the war on poverty ---as give away programs and welfare grew ---we drifted into the CRI -the community reinvestment act under the great Jimmy Carter --provide housing to people who could not afford it ---Lets jump over the great Reagan recovery years and focus on Wild Bill Clinton --Deregulation you say --Fannie and Freddie were allowed to get out of control ----Obama as a community organizer and an attorney --attached to that honest group ACORN ---sued City Bank for not having enough MINORITY mortages --Lawsuit settled --Banks forced to have no or low down payments and provide "risky" loans.
During Bush administration ---Housing bubble identified years before it broke --Democrats in control led by Dodd and Obama blocked up or down vote to reign in Fannie and Freddie.
Of course Dodd was getting his own "sweetheart" deals while Obama was preparing with contributions from Fannie and Freddie and support from Acorn to become President.
The risky loans --so called backed up by the gov --then fell into the greed of Wall street with the "bundling and selling " that crashed not only our economy --but much of the world's. It is sad that you seem so blinded by your hatred against the right to truly take a step back and look at the facts.
Barney Frank, Chris Dodd, Maxime Waters, Congressman Meeks and many members of the Black caucaus blocked any action against Fannie and Freddy. Raines their dishonest CEO walked away with Millions !
I have to laugh when Obama who directly played an active part in this disaster in the late eighties and early ninties ---claims over and over that he inherited this from Bush !! Facts are facts --but you can drink Kool aid and believe what you want .