Partisan Politics NOT to Blame

Colin Powell thinks so; Obama thinks so. Many of our other incompetent “leaders” think so, but they’re all wrong. The “Founders” built that INTO out political model. They knew that no disagreement in government meant a dictator, with whom nobody DARED disagree, and they didn’t want that. What’s REALLY responsible is one law, made by Democrats, back in the seventies: The “Citizen’s Reinvestment Act of 1977,” which FORCED lenders to loan money to people they KNEW could never repay it. They KNEW it would create an “economic disaster” down the road. That was their design. They created Fannie and Freddie to “keep the lid on” until it was “needed” to get many Democrats elected, and it worked like a charm.

Republicans tried many times to get rid of it, but were rebuffed by Democrats (Barney Frank, Chris Dodd, and their Democrat buddies, who WROTE the law) every time. They “shut down” Fannie and Freddie” (temporarily) just before the 2008 elections and the law predictably caused the “economic disaster” they wanted. They blamed Republicans and the very lenders they victimized for it and “took over the government in a bloodless coup”, after which they refunded Fannie and Freddie with unlimited funds to keep things from getting worse while Democrats were in power, then spent more money than there IS, which they also blamed on the Republicans. (News Max/Tony Blankley)