Sometimes I am not sure I can say it much better, and sometimes its just good to know there are people out there who actually have a clue as to what is going on, and the direction this country is going. This is a comment on a comment of a comment… (you get the idea) I felt it could stand alone as a blog entry. I have edited the paragraphs only and left the content intact:
I can’t help myself! I must comment about the common mistaken belief that the Republicans “caused” the financial meltdown that has lead to the economic conditions we now find ourselves in. Let me explain in fairly simple language that if you can’t buy a house. Can’t buy a car. Can’t get financing for your business. Can’t get a loan for your kids’ college education?
What Happened?
I know that it certainly isn’t a part of the “kinder, gentler” mindset of today to blame anyone for anything. But the facts behind how America was lead to the avoidable dilemma we face today must see the light of day. We need to hold the folks who caused this fiasco accountable for their actions. By holding folks accountable for their mistakes their mistakes are less likely to be repeated by others. There is an old saying that goes something like this “Those who fail to learn from history are bound to repeat it.”
My firm belief is that this so-called “crisis” we face today is a direct result of educated idiots leading this country toward ruin. And as I wrote earlier, these folks need to be held accountable.
This is how the story goes:Back in the 70’s Democrat President Jimmy Carter and Democrats in the Democrat dominated US House and Senate voted through a bill that forced banks to make loans to people who couldn’t afford to pay the loan back. During the 90’s Democrat President Bill Clinton, Democrat Congressman Barney Frank, Democrat Senators Christopher Dodd, Carl Levin and other Democrats in the US Congress and Senate continued to believe that people who couldn’t afford to pay for a house should be able to buy a house. Democrats forced lenders to finance homes with the full knowledge that the folks who were taking out the loans didn’t have the resources available to pay off the loans. These Democrats also assured the banks making those loans that if the loans were not repaid Freddie Mac and Fannie Mac would buy the loans thereby taking the loans off of the originating lenders books.
The programs available for the folks taking out these shaky loans accelerated during the 90’s and early 00’s with now Democrat President Barak Obama helping “community organizations” get folks into mortgages they couldn’t afford to pay back. The past few years have seen Democrats encouraging mortgage companies and banks to finance homes for more than the homes value.Democrats during this decade including Frank, Dodd, and Obama took huge amounts of campaign money from Freddie Mac and Fannie Mae that were at the same time being run into bankruptcy by former Clinton Administration officials Franklin Raines and Jamie Gorelick. Raines and Gorelick received 10’s of millions of dollars running Freddie Mac and Fannie Mae into bankruptcy at taxpayer expense.
Republican Senator John McCain in 2005 and Republican President George W. Bush in 2002 spoke of the dangers these bad loans would lead the financial markets. Their words fell on the deaf ears of the Democrats who controlled Congress. Many on Wall Street were warning investors of impending financial doom if these Democrat inspired loans continued to be made. The media and Democrats, who have benefited from this debacle, failed to heed these warning and here we are today!
Now all the money that could be used to finance the things we need, educations for our kids and grandkids, home remodeling, food, clothing and automobiles is tied up in houses that people can’t afford to pay for. In fact, I believe the number one reason American cars are not selling is because Americans either can’t get a loan to buy a new American car or don’t have confidence that the US economy will survive being run by a Democrat led bureaucracy.
The very troubling fact of all this is that the economic debacle we find ourselves in today was and is the fact that this is a Democrat caused catastrophe done with and at the direction of and with the blessing of multiple Democrats.
Why would Democrats run the American economy into bankruptcy? Democrat President Barak Obama Chief Of Staff Rahm Emanuel has that answer. “Rule one: Never allow a crisis to go to waste. … They are opportunities to do big things.”
Democrats, including but not limited to President Obama, Senators Levin and Stabenow, Congressmen Schauer and the whole Michigan Democrat Delegation, are using this Crisis to remake America.Remake America into what you ask? After studying the situation my firm belief is that the Democrats want a nation filled with people who are dependent on the Government for every thing they can imagine. That is reason the Democrats created this crisis and why Democrats have taken the actions they have to deepen, then possibly “solve,” the crises they created.
President Ronald Reagan used to speak fondly of America as that “Shining City On A Hill”. That “City” will be but a fond memory if Obama and these Democrats get their way!
Humbly submitted,
Bruce Barlond
Thank you Mr. Barlond. I would be honored to have your feedback any time.
