What caused the financial mess we’re all in now? Do read that link. Yes, part of ‘Wall Street’ (Conneticut?) did go crazy, namely so-called ‘alpha’ hedge fund managers and banks like Lehman Brothers and Merrill lynch that bought into such crazy schemes as short selling and the like. Still, that has very little to do with Bush’s economic policies and more to do, perhaps, with his lack of regulation. So, yes, part of the blame can be placed on Bush.
However, just as importantly if not more so; what was the catalyst? Pure and simple it was the subprime mortgage market, which was such a large part of the US housing market. What caused the subprime mortgage market to come into being? Simple. The Community Reinvestment Act – policy introduced by Carter, ramped up by Clinton, and later encouraged by other Democrats, including Barack Obama. Remember, most of the time Republicans controlled the House and Senate, Clinton had veto power. And when Bush began his first term, the Democrats controlled the Senate. Also, think ‘filibuster’. Bush’s economic policies had very little to do with this. His so-called deregulation??? It was Republicans who tried (and failed – my biggest gripe with them) to regulate this subprime insanity. They were stonewalled at every turn by the Democrats wanting to continue this ‘noble’ left-wing ideal of so-called ‘affordable housing’.
The ignorance that abounds is astounding. Too many people have stopped listening. Check out Stern as he vox pops the average Obama-voting Joe. Catch is, Stern switches Obama’s policies for McCain’s – and the Obama voters agree they’re good policies!!!
Well, that was before the election. Let’s check it out after the election. Ignorance is still bliss, so it seems.
Facts, anyone know a fact?!?!?! Nope, not Obama. He wants to increase capital gains tax, as if this closet socialist isn’t doing enough to punish success. Problem is, every other time in history, when capital gains taxes are increased, revenue drops. When it decreases, revenue rises. Something there about incentive…
Obama’s tax cuts, mapped out…
More on the shady deals and questionable (to say the least!!!) friends of the man who claims he’s all about hope and change. And we all thought Clinton was the master of the lie (“I did not have sexual relations with that woman,” he says whilst looking straight into the camera as all of the USA and the world watches… “It depends on what the definition of ‘is’ is.” Oh, please) … but, Barack makes Clinton an amateur. Rezko, Ayers, ACORN, Wright, even his own wife failing to see any pride in her country until a few months ago… America does NOT need (at what most favorably can be described as) a Socialist president. Some of the more informed people out there may have carefully considered their vote, and chosen Obama. But do take a moment to reflect on what other rabid interest groups you’ll, by proxy, be giving power to.
So, we’ve established Obama is keeping some pretty bad company. Now meet Bill Ayers. Sure, you’ve most likely heard of him already. “Honestly, I hardly knew the guy,” is how Obama described his relationship with Ayers. Plus, he was only eight years old or so when Ayers committed his terrorist activities (bombing the Capitol and the Pentagon among other federal buildings). Turns out Obama knows the unrepentant Ayers considerably better that he would have you believe. In fact, they worked together for about seven years raising money for the Annenberg Challenge. In fact, Obama was chairperson of the Annenberg Challenge. This group was raising money to give to schools in need. So where’s the beef, you ask? The beef is that the project never gave the money directly to schools. Instead it mostly gave the dosh to community organizations, many quite radical. What’s more, Ayers and Obama also worked together on the Woods Fund, another charitable organization which gave money to the church of Jeremiah Wright which Obama attended for twenty years, was married in and whose children were baptized in. Giving money to a church? What’s wrong with that? Well, let’s not forget what kind or sermonizing went on in Wright’s church. Money also went to a Children’s and Family justice center. The beef this time? That’s where Ayers’ wife, arrested along with Ayers for terrorism, worked. It’s clear Ayers and Obama have shared a very cosy relationship for quite some time. The next two videos discuss the Ayers/Obama relationship. The following is a reminder of who Jeremiah Wright is. Oh, and by the way, Obama launched his political career in the living room of Bill Ayers’ house.
Well, what’s done is done. Please, could the MSM be just a little more objective now. Isn’t the Fourth Estate meant to be a check and balance rather than a propaganda arm?
So far, we don’t know who this guy is apart from his handle, ‘Macho Sauce’. But if you’re Left-leaning and thinking all this so far is just to squash a black guy’s chance… Two points: 1: any true Right-winger does not give a rat’s ass about what gender, or color, or age you are. Seriously. This is the biggest misconception Right-wingers have to face. Why is this misconception placed upon Right-wingers? Well, from what we can gather, it’s the Left who likes to categorize races and genders and the like (Aha! And yes, the Right makes ONE categorization; Left and Right – it still exists despite what Leftists may want you to believe)… and this is projected onto the Right. Seriously, it’s what’s between the ears that counts. 2: Vast Right Wing Conspiracy? Give us a break! The multitude of levels in which Left-wing thinking has infiltrated society is quite endemic. See below.
Did we mention Democrats stonewalled any kind of REGULATION (including the first bailout package) of the housing market at every chance? Check it out.
Many thanks to both sites.
An especially big thanks to The Mouth Piece at MidPoint who made these videos. Do visit.
Still thinking Obama is just so wonderful?