"The facts of this “crisis” are clear. Government got involved and strong armed lenders to loan money to bad risks. President Jihmay Carter got the ball rolling. Then a couple of Republican presidents in Reagan and Bush did nothing to end it. Then under President Clinton the program to force banks to loan to bad risks was beefed up. Then President George Bush failed to do anything about it. Congress however is not blameless either. Remember – they make the laws. Nor are these mortgage and financial giants who let the government bully them into making bad choices with the money entrusted to them."
Read the whole article at American Conservative Daily.
The Gunslinger
Why does it not surprise me that this all started with Carter? I can believe that. He did what he could to ruin us and Congress took it from there. Clinton practically finished us off, look how bad things were in 2000-2004. . . If Bush had been more conservative we would not be here now. If Bush had lost, we would be totally lost now. . . .
ReplyDeleteAnd the Democrats think Bush is a Conservative.
ReplyDeleteDrives me nuts.