BLAME the DEMOCRATS

I -usually- am not a big political guy. However, this election has been driving me crazy! Thus, I can no longer be silent. I have been listening to much of what has been said on the news, and when it replays the democrats lines or statements about the current presidential election, all i hear is how “this” (the Bush Administration) has failed. And that all the “trouble” we are in is due to him, and “his” war. Is this true? Is it really the case that the Bush Administration has created these problems? Is Obama and all the other liberals right? Perhaps, but let us examine the facts and see if that is the case.

Let us start our examination systmeatically with what problems are considered the biggest, namely the economy. 

1. The current economic structure is crumbling.

- the democrates feel that this is due to failed policy, but is it? They also hold that this is due to “relaxed regulations of the admistration on the market.”

All I am going to say to the former is bull crap! This is pure political spin. Let us look at the facts…            - In 1977 the democrats passed the “Community Reinvestment  Act.” This act gave more power to governement to insure certain financeing for “low income” individuals to buy homes.                                     – In 1995 President Bill Clinton gave this act much more strength by “Obligating” or requiring banks to process “sub-prime loans” for “disadvantaged individuals.” This obligation on banks was obviously government intervention that had the focus of establishing equality.

-Many of the “sub-prime” loans were high risk, and the government allowed the gov-backed institution of Fannie-mae, and Freddie-mac to purchase these loans. Many of the government appointed board members of these companies were democrats.  

- the REPUBLICANS, in 1995, tried to enforce more oversight of Fannie-mae, but it was blocked by Sen. Reid and many democratic members of the house and senate. (I think it is important to point out that Sen. McCain predicted financial turmoil if there was not something done to put more oversight on companies like this).

-2004 the bush administration sought caps on the loans that Fannie-mae and Freddie-mac could process and purchase. They also sought caps on certain sub-prime loans. This was blocked by many house democrats that claimed “ Fannie-mae was sound.”

In is even more interesting that the senators that blocked these caps and oversight of Fannie-mae and other institutions was principally: Sen. Dodd, Sen. Obama, and House Rep. Polosi. They have recived   also the HIGHEST campaign-donations that have ever been given by Fannie-mae.

Another problem that worries me about the demoncatic-controlled congress is that I think that they have intended for some time to allow the current market crash by “hedge funding and shorting” fannie-mae. The timeing of the colapse of the market is perfect. Just durring a new election with one of their own to lead the way, Barrack Obama.  This is interesting since 95% of the market is still paying on their debt just fine!

Take a look at this: http://usawakeup.org/USSA.htm

DEREGULATION WAS NOT THE PROBLEM HERE! IT WAS PREVIOUS GOVERNMENT INTERVENTION THAT CAUSED SUCH CORRUPTION. BARRACK OBAMA wants more of this “control” so he can destroy things even more.