Monday, April 4, 2016

They Need A "Study?"

I can't believe they actually need a STUDY to determine that the Democrats are completely responsible for the subprime mortgage crisis, and thus, the recession. Of course, the Democrats deny it, but what CAUSED it was the “Community Reinvestment Act of 1976,” passed by DEMOCRATS, which told lenders they were REQUIRED to loan money to people they KNEW could never repay it. It was a “recipe for disaster,” and they knew it. But the politicians, in their “wisdom,” MADE them do it, KNOWING they'd never be paid back (the politicians didn't know it). Even a financial illiterate like me has the COMMON SENSE to see that. You don't need to be a financial genius to see that. You loan money to deadbeats and you're going to eventually go broke. But the Democrats don't have the basic INTELLIGENCE to see that. I've been telling people this for a long time. But nobody has been listening. The National Bureau of Economic Research just released a report on a “study” that backs me up. But does anybody think it will cause any remedial action? No. The Democrats are too dumb to do it, and the Republicans are “looking the other way” to avoid “offending” people. (Human Events)

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