Posted by
The New THOMA$ REPORT on Thursday, October 28, 2010 3:03:47 PM
Obama and his henchmen, and even some conservatives are still blaming the economic downturn on “risky lending,” thus showing one of two things: either they're LYING to you, or they just don't know what's going on. What CAUSED that “risky lending? What do lenders gain from making those “risky loans?” The answer is—NOTHING. But they made them because of a law the Democrats made, way back in 1976 called, the “Citizen’s Reinvestment Act of 1976.” A pretty-sounding name to mask the fact that this law FORCED lenders, on pain of an expensive-to-fight “investigation, THREATENED by Clinton’s Attorney General, Janet Reno (she of the 100 people including 14 CHILDREN murdered by government troops at Waco). Today they CRITICIZE those lenders for MAKING those “risky loans” THEY forced them to make. Why did they do this? Who benefits?
Certainly not the lenders, so the government started Fannie Mae and Freddie Mac to “buy up” those “risky loans” to “keep the lid on” until they were ready to “pull the plug” to get a Democrat in the White House and enough Democrats in the Congress to take it over so they could “go wild,” spending more money than there IS, while blaming the Republicans for all our troubles. All this is being done to move this country ever closer to a socialist system by destroying the economy and blaming it on capitalism. This is something ANYBODY who “pays attention to politics” can see, but most Americans DON’T pay attention to politics and so don’t know. And they vote anyway. That’s how we got this socialist monster in the White House, supported by a majority of socialists in the Congress. (
Heritage Foundation)