Obama Can No Longer Blame Bush. Study Obama needs to stop his reckless spending and man up to his colleagues failures leading to the economic collapse. The Obama Presidency has done nothing but blame Republicans dividing the political parties. Obama has accomplished record high unemployment, created a health care plan that nobody wants, endless scandals from Fast & Furious, NSA, Benghazi, IRS , Keeping an eye on the Associated Press, Rosengate, Holder Perjury, Sebelius demamds payment, Pigford scandal, GSA gone wild, Veterans Affairs in Disney World, Solyndra, The black Panthers , Waging Wars that have violated the Constitution, Passing his own laws without Congress consent. The American people had such high hope with all the talk of change and transparency. Obama has turned out to be the divider & chief setting back race relations. However, with Obama’s second term still remaining there’s no telling how many scandals will erupt. Congress Races To Hammer Out Deal For Bailout Legislation via examiner A new study from the widely respected National Bureau of Economic Research released this week has confirmed beyond question that the left’s race-baiting attacks on the housing market (the Community Reinvestment Act–enacted under Carter, made shockingly more aggressive under Clinton) is directly responsible for imploding the housing market and destroying the economy. The study painstakingly sorted through failed home loans that caused the housing market collapse and identified an overwhelming connection between them and CRA mortgages. Again, let’s review: -President Bush went to Congress repeatedly for years warning them that Fannie Mae and Freddie Mac were going to destroy the economy (17 times in 2008 alone). Democrats continuously ignored him, shut down his proposals along party lines and continued raiding the institutions for campaign contributions on their way down. -John McCain also co-sponsored urgently critical reforms that would have prevented the housing market collapse, but Democrats shut that down as well, along party lines, and even openly ridiculed anyone who suggested reforms were necessary…to protect their taxpayer-funded campaign contributions as the economy raced uncontrollably toward the cliff. -No one was making bad loans to unqualified people until Democrats came along and threatened to drag banks into court and have them fined and branded as racists if they didn’t go along with the left’s Affirmative Action lending policies…all while federally insuring their losses. Even the New York Times warned in the late 1990s that Democrats continuing to force banks into lowering their standards would lead to this exact catastrophe. -Obama himself is even on the record personally helping sue one lender (Citibank) into lowering its lending standards to include people from extremely poor and unstable areas, which even one of the left’s favorite blatantly partisan “fact-checkers,” Snopes, admits (while pretending to ‘set the record straight’). -Even The New York Times admitted that there is “little evidence” of any connection between the “Republican” deregulation measures Obama blames, like the Gramm-Bleach-Liley Act (signed into law by a Democrat), and the collapse of the housing market. But non-Fox media have spent years deliberately and relentlessly inoculating people against the facts, training them to mindlessly blame Bush for being in charge when Democrat policies destroyed the economy. So here we sit, to this day, still watching Obama excuse and shrug off endless economic failures, illegal government takeovers and utter national bankruptcy with zero accountability.
Posted on: Wed, 16 Oct 2013 15:59:04 +0000
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