As leftists love to point out, fifty million people voted for Obama. That is, I'd say, the O.J. Simpson jury multiplied by four million. (So much for "I trust the wisdom of the American people")
WaPo
"The Obama administration is engaged in a broad push to make more home loans available to people with weaker credit, an effort that officials say will help power the economic recovery but that skeptics say could open the door to the risky lending that caused the housing crash in the first place.
"President Obama’s economic advisers and outside experts say the nation’s much-celebrated housing rebound is leaving too many people behind, including young people looking to buy their first homes and individuals with credit records weakened by the recession."
Obama administration to banks: Why aren’t you making higher-risk loans? "On one level, it’s almost unbelievable that anyone would ask this less than five years after the housing-bubble crash and the near-wipeout of Western financial institutions. On another, it’s almost inevitable, given the efforts by the governing class and the media to ignore the central failure in that bubble, which was incentivizing increasingly risky loans with government cash and coercion, which created a false-equity trajectory that nearly ruined us. If that core cancer gets overlooked, it simply keeps coming back:"....
John Wayne said, "Life is tough, but it's tougher when you're stupid".
Tunnel Wall published this back in December:
New Study Finds Democrats Fully to Blame for Subprime Mortgage Crisis that Caused 2008 Financial Disaster
For you low-information voters who re-elected Obama, here is a summary of this story: Obama and other Democrats applied pressure on the mortgage industry. I believe charges of "racism" were leveled and the industry buckled, giving loans to people who went in knowing they could not pay for these.
In spite of warnings from the Bush Administration, the housing industry collapsed, causing the US economy to fall into what is called "the Great Recession" at the end of the Bush Administration. This led to the mess that Obama has repeatedly said he "inherited". Obama has pushed this "inherited" excuse for over four years (accurately enough, save for who caused it), blaming it on President Bush, unfairly.
All this has been
absorbed by the low-information electorate (watchers of The View,Oprah, People
Magazine readers, Obamaphone recipients,and all TV shows into the late evening,
et al) who number about fifty million.
I'm not sure news people on the networks, CNN and MSNBC could be classified as "low-information", but as collaborators. Rather than being "low-information" people themselves, they helped create those low-information voters.
I believe it is accurate to say that President Bush inherited this economic mess from Barack Obama. Obama is now doubling down on these actions, making them even more draconian, so we can expect the next administration to inherit a big mess from all this. TD
The mayor of Las Vegas calls Obama "a real. slow. learner."
WaPo
"President Obama’s economic advisers and outside experts say the nation’s much-celebrated housing rebound is leaving too many people behind, including young people looking to buy their first homes and individuals with credit records weakened by the recession."
Obama administration to banks: Why aren’t you making higher-risk loans? "On one level, it’s almost unbelievable that anyone would ask this less than five years after the housing-bubble crash and the near-wipeout of Western financial institutions. On another, it’s almost inevitable, given the efforts by the governing class and the media to ignore the central failure in that bubble, which was incentivizing increasingly risky loans with government cash and coercion, which created a false-equity trajectory that nearly ruined us. If that core cancer gets overlooked, it simply keeps coming back:"....
John Wayne said, "Life is tough, but it's tougher when you're stupid".
New Study Finds Democrats Fully to Blame for Subprime Mortgage Crisis that Caused 2008 Financial Disaster
For you low-information voters who re-elected Obama, here is a summary of this story: Obama and other Democrats applied pressure on the mortgage industry. I believe charges of "racism" were leveled and the industry buckled, giving loans to people who went in knowing they could not pay for these.
In spite of warnings from the Bush Administration, the housing industry collapsed, causing the US economy to fall into what is called "the Great Recession" at the end of the Bush Administration. This led to the mess that Obama has repeatedly said he "inherited". Obama has pushed this "inherited" excuse for over four years (accurately enough, save for who caused it), blaming it on President Bush, unfairly.
 |
| Find the economists in this picture. |
I'm not sure news people on the networks, CNN and MSNBC could be classified as "low-information", but as collaborators. Rather than being "low-information" people themselves, they helped create those low-information voters.
I believe it is accurate to say that President Bush inherited this economic mess from Barack Obama. Obama is now doubling down on these actions, making them even more draconian, so we can expect the next administration to inherit a big mess from all this. TD
The mayor of Las Vegas calls Obama "a real. slow. learner."
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