Complicating Things

Nobody in the “financial community” will say so out loud, but the base cause of this “economic meltdown” was that law passed by a Democrat congress and signed by a Democrat president (Jimmy Carter), (the Citizen’s Reinvestment Act of 1976) that FORCED lenders to loan money to people who could not, WOULD not repay it. A law that was reinforced later by Bill Clinton with his “redlining” scam making it an actual CRIME to NOT loan money to deadbeats, most of whom lived in the same areas. They throw around such terms as “toxic mortgages” and "troubled assets" and talk about what they did to stop a meltdown. Nothing worked. But they’re still loaning money to deadbeats. That hasn’t stopped, and THAT’S what has to stop before ANY recovery is possible. Giving TRILLIONS of dollars we don’t have to the lenders to “bail them out” won’t do it, and they are learning that, to their sorrow. Not their sorrow about the “meltdown” continuing, but because they can’t magically come in and stop it with policies that don’t work. They LOVE the power that being able to “dole out” that much money gives them and the “meltdown” allowed the Democrats, who CREATED it, to take over all three houses of government in a “bloodless coup.” But they let it get out of hand, and WE are the ones who will suffer. They get a pay-raise every year, automatically and get to retire with full pay for life. (Just common sense)