Posted by
The New THOMA$ REPORT on Tuesday, June 28, 2011 4:37:21 PM
I believe gold is a good investment. It keeps going up in spite of (or maybe BECAUSE of) rising inflation and a bad economy. But I resent somebody lying to me about the CAUSE of the bad economy, as a former government employee, himself a contributor to political corruption, tells me the cause was “risky lending” and “easy money,” which is correct. But the reason it happened was because liberals passed a LAW that FORCED those lenders to make those “risky loans” and Obama’s giving them a lot of money was “payback.” Fannie and Freddie were the “safety valve” and they “tripped it” just before the 2008 election to CREATE the economic crunch that got many Democrats, including Obama, elected. Since then, Obama has been dancing around, spending OUR money like it was water, with the help of his Democrats in Congress. If we don’t get rid of him as soon as possible, WE are going to suffer mightily. It’s interesting: I Googled “Citizen’s Reinvestment Act of 1976” and my own blogs dominated the results. I stopped looking for an official site showing the law and its effect on the economy after going six levels down without finding much beyond URLs to my own sites. That means NOBODY is talking about one of the most pivotal legislation of the last century. Not even the government, which is not surprising to me. (Just common sense)