Econ Crisis 101 - How Corrupt Democrats Socialized America

From Bloomberg news:

How the Democrats Created the Financial Crisis: Kevin Hassett

Sept. 22 (Bloomberg) -- The financial crisis of the past year has provided a number of surprising twists and turns, and from Bear Stearns Cos. to American International Group Inc., ambiguity has been a big part of the story.

Why did Bear Stearns fail, and how does that relate to AIG? It all seems so complex.

But really, it isn't. Enough cards on this table have been turned over that the story is now clear. The economic history books will describe this episode in simple and understandable terms: Fannie Mae and Freddie Mac exploded, and many bystanders were injured in the blast, some fatally.

Read the rest...

How could the Democrats betray the country this way? For them capitalism is theft in the first place, they dream day and night about running the economy the way they think it should work. They are the smart ones who should get to decide who wins and who loses. Unfortunately, the current President agrees with them.

I would add that the Democrats who were taking money from Fannie and Freddie (Obama 105 thousand in just three years) could assuage their consciences with regard to the disaster that everybody knew was inevitable knowing that these bailouts will likely result in the largest transfer of wealth in American history—a socialist dream.

Failing to win at the polls on socialist agendas, the Democrat utopians pushed for this house of cards to grow and grow with charges of racism and greed against financial players who did not cave in and hop on the gravy train.

Note also that Obama advisor Raines took 50 million (maybe more) in FRAUDULENT BONUSES in just 6 years before he was forced to resign in disgrace,



See the McCain ad. Note that the charges back are that the ad is false and that McCain is playing the race card--uh, how, by showing Obama's face and Raines' face??? And to say that the ad is false is just dancing around words, just words.

Here's the real deal on Raines' relationship to Obama and corruption, from Hot Air quoting from the Washington Post, no Republican fan. Read the Post article exposing Democrat ties to Fannie/Freddie and Obama's ties to Johnson and Raines, plus the real record of McCain on this all.

Let's hope that the FBI will net a ton of the fat cats responsible...and that the truth about the Democrats' role in all of this, and of Obama in particular, will be brought to the attention of the public in time for voters to wake up before the election!

Read how a large part of this crisis is the product of normal business cycles and wrong-headed Democrat and Republican attempts to forestall things...