It looks as though CINCO (comrade-in-chief Obama) and his minions will be targeting the tax cuts put into effect after the 9-11 attacks as the reason that the economy is failing. When all else fails point the accusatory finger at Bush. There is a problem with that logic: the housing mortgage market imploded taking the economy with it. If you examine carefully the reasons behind the mortgage market implosion you will clearly see that its implosion had nothing to do with tax relief. The mortgage market imploded taking the main economies with it because of the failed lending practices put into place by the bereft policies that everyone, without regard to their ability to repay, deserved a mortgage. The sub-prime mortgage market was like the junk-bond market of the 1980s. When you change the fundamental rules of doing business and thereby protecting the lender and the borrowing public from extreme failures you are at risk for the total mortgage market failure. Guess what happened. Yep. The entire mortgage market failed taking down the economy which was threaded to the mortgage market domestically and internationally. Who changed the rules? It began with Jimmy Carter, William Proxmire and Paul Volcker. Think for a moment about the former president who has built a reputation on building ‘free homes’ for those who couldn’t afford to own a home. Carter. In successive years the predominantly Demokrat congress (house and senate) have loosened the controls and lowered the standards for mortgage lending practices as well as funding the quasi-governmental failures known as Fannie Mae and Freddie Mac. Remember too that it was Chris Dodd (D-CT) and Barney Frank (D-MA) who’ve been at the helm of making those fundamental changes. You cannot pin the failed economy on Bush without heaping blame on the Demokrat legacy of free housing at the tax-payers’ expense. Blaming Bush is like blaming a firefighter for the house burning down but that is the November tactic that is brewing in the gangster-riddled boiler room of the Chicago thug in the Whitehouse. Don’t sit around and listen to their lies. Stand up and challenge them wherever you find them. They want you to forget that it was the mortgage market that took down the economy and that THEY (CINCO included) precipitated the failure. From Alinsky’s rules for Radical, Rule #5 states, "Ridicule is man's most potent weapon." The Demokrat plan of attack for the mid-term elections is to ridicule any conservative platform as failed Bush policy. Pay attention to this one as they will try repeatedly to convince you through ridicule, which they admit is irrational but it keeps their opponent off-balance. They are liars and market wreckers. That is what communists do.
Monday, July 12, 2010
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