How’d we get here? Obama, Dodd, Frank, Clinton and others protected the twins (Fannie & Freddie) to buy black votes. They encouraged the twins to lower their standards, then forced banks through the CRA to make bad loans with the twins as back up. If they (banks) did not make a loan on a good jump shot, they could be sued or denied a bank expansion. So they gave in.
Predators on Wall St took it from there.
So the left got us in this mess, then made things worse. From the IBD, "Small businesses that create most of our new jobs now labor under the weight of hundreds of new rules and regulations, and the looming costs of ObamaCare. In July alone, according to Wyoming Sen. John Barrasso, more than 600 new regulations came on line, adding $9.5 billion to businesses' annual cost."
Wonder why we languish? May have to wait for Nov, 2012.
Robert Craven
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