Put the BLAME where it belongs!

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http://communities.washingtontimes.com/neighborhood/capitalism-institute/2012/sep/3/bombshell-obama-created-subprime-loans-lawyer/#.UWIk4qRpzv4.facebook Barack Obama has made his fundamental campaign strategy the blaming of other people. Bush, Greenspan, Reagan — he’s tied Republicans into every aspect of the economy being broken. And, of course, he’d be right about most of that. Bush and Greenspan both created easy credit, big spending, and unsustainable policies that have hurt our economy. But now, Obama’s going to have some explaining to do about his own actions before he was president. A bombshell new story at The Daily Caller reports that Barack Obama used his status as a legal hired gun to sue Citibank to force them to give loans to poor minorities in Chicago. In other words, he sued a bank into creating subprime mortgages. http://townhall.com/columnists/thomassowell/2012/09/13/the_brass_standard/page/full/ Bill Clinton's own administration, more than any other, promoted an unsustainable housing boom, which eventually and inevitably led to a housing bust that brought down the whole American economy. Behind all the complex financial processes that reached to Wall Street and beyond, there is one fundamental fact: many people stopped making their mortgage payments. Why did that happen? Because mortgage loans were made to people who did not meet the long-established qualification standards for getting a mortgage loan. And why did that happen? Because the Clinton administration threatened lawsuits against lenders who did not approve mortgage loans to minority applicants as often as to white applicants. In other words, racial quotas replaced credit qualifications. A failure to have racial statistics on mortgage approvals that fit the government's preconceptions was equated with discrimination. Attorney General Reno said that lenders who "closely examine their lending practices and make necessary changes to eliminate discrimination" would "fare better in this department's stepped-up enforcement effort than those who do not." She said: "Do not wait for the Justice Department to come knocking. BUSH ADMINISTRATION TRIED TO WARN OF IMPENDING DOOM, TRIED TO PASS REGULATORY MEASURES TO STOP IT AND THE DEMOCRATS BLOCKED IT. http://www.youtube.com/watch?v=cMnSp4qEXNM Twist it all you want. Fact is, the progressive left and right are killing our country. I'm not saying Republicans are not involved, because RINOS are every bit as involved as the progressive right. But I'm sick of Obama getting away with blaming everyone but himself and his Socialist Democrat cronies.