Category Archives: Clinton

Political Arena’s Debate Reaction

Our reaction to tonight’s debate:

Donald Trump has lead a flamboyant life. What is interesting is that Hillary has memorized every bad thing he has ever done. Quite the accomplishment for someone who testified “I don’t recall” hundreds of times to avoid prosecution.

1,700 Celebrities, Including Almost Every Elite Media Personality, Has Done Interviews on Howard Stern

Bill Clinton has affairs and sexually assaults women, including one credible allegation of rape and we are told that it is a private matter. Trump just talks about sex in a “bathroom” discussion and all of the sudden its the end of the world.

Well Megyn Kelly wasn’t the only elite media personality to go on Howard Stern and talk about boobs, vajajay and sex.

Most every elite media figure has done interviews on Howard Stern. Here is the list, 17 pages, 100 people per page…

Flashback: Megyn Kelly Sex Talk on Howard Stern

Oh what whopping double standards the elite media has.

Bill Clinton has affairs and sexually assaults women, including one credible allegation of rape and we are told that it is a private matter. Trump just talks about sex in a “bathroom” discussion and all of the sudden its the end of the world.

Just as Craig Chamberlain said, “This is why I couldn’t run for office. Because in our political climate you will be judged for the person you were in a specific moment a decade ago. I’m pretty sure we’re all evil under that kind of scrutiny.”

Breitbart News:

During a funny and flippant interview with SiriusXM host Howard Stern in 2010, Kelly talked about her breasts and how big her husband’s penis was, and how much she liked aloof alpha bad boys.

“Did you ever think about being a stripper?” Stern asked. “Ever in your life?”

Kelly laughed, saying, “No, and I don’t think I’d be very good at it. No, no, no.”

“Would you ever get implants?” Stern said.

“No, I don’t think so,” Kelly said.

“Those are real breasts,” Stern continued.

“Yeah, these are real. I mean, they don’t look fake, please–” Kelly said, as Stern said, “Wow.” “When I got pregnant–”

“Well, you’re a C-cup, aren’t you?” Stern asked. “You are.”

Kelly laughed. “My husband calls them ‘killer Bs’.”

“Oh, they’re Bs. They look like Cs to me, don’t they? Tell her where that bra store is. They’ll upgrade her,” Stern joked.

“Did you ever feel pressure–” Stern began while Kelly replied: “We used to call them ‘Killer Bs,’ then when I got pregnant they became ‘Swimmin’ Cs,’ and Doug was frolicking in the ocean.”

“Really? So you and Doug still have a good sex life?” Stern asked. “Even after the baby — you know that’s a real issue.”

“Well, there’s a certain period of time where that’s not possible,” Kelly said matter-of-factly. Which is quite true. “You know, after you have the baby, you’re off-limits for a while.”

“You had sex during your pregnancy?” Stern asked. “Some guys–”

“There were no issues,” Kelly said. “No issues.”

“Really? Even in the third trimester?” Stern asked.

“Even in the third trimester,” Kelly said proudly. “But that’s all I’m going to say. Yes, yes.”

“Wow — no kidding,” Stern said. “Your husband’s a real man.”

“You know, I have to say — I don’t know, I think it’s Dr. Phil that says that, when the sex is bad, it’s 95 percent of a marriage. When it’s good, it’s five percent of a marriage. And for us, it’s five percent of the marriage.”

“When you make love — if your, if your husband had been small, physically; I’m talking about his penis–” Stern began.

“Ah!” Kelly interjected with a laugh.

“–would you not have married — was that, like, important to you? Like would you have said: ‘Look, I don’t think I could live with a penis this small,” he said.

“I reject the hypothetical. There’s no issues there,” Kelly said.

“It’s not important to you?” Stern said.

“I’ve never had to choose. Let’s put it that way,” Kelly said.

“Do you think Roger Ailes has a small penis?” Stern asked, as Kelly and his co-host laughed. “Did your husband ever come to you and say: ‘Look, I don’t care about your first husband or anything, but am I bigger than your first husband?’”

“He’s not insecure in that department,” Kelly said.

“Because when you said your husband is aloof, that to me signals he has a big penis,” Stern said.

“He’s the perfect amount of aloof, though, you know?” Kelly said. “You don’t want somebody’s who’s going to be too clingy. That’s the problem.”

“That’s me. I wouldn’t leave you alone, right,” Stern said.

“That’s not that hot,” Kelly said. “You gotta be at arm’s length a little, like maybe not call every time, and maybe take a little while before you return the phone calls, and–”

“Sounds like he has a big penis,” Stern said. “Sounds about seven inches.”

“You like all those games, anticipation and wonder?” Stern’s co-host asked.

“Well, he’s not playing games. He genuinely is that way. He’s just not somebody who would be frolicking after you like a puppy dog, which I like!” Kelly said. “You have to work a little to get him.”

“And you also don’t want to be his mother, and sit there, and mother him,” Stern said.

“No, no,” Kelly stressed. “I want somebody who’s going to bring it. Confident, exactly. Smart. He’s very smart. That’s a turn-on.”

State Department misplaced $6 Billion under Hillary Clinton…..

Flashback 2014.

The Washington Times:

The State Department misplaced and lost some $6 billion due to the improper filing of contracts during the past six years, mainly during the tenure of former Secretary of State Hilary Clinton, according to a newly released Inspector General report.

The $6 billion in unaccounted funds poses a “significant financial risk and demonstrates a lack of internal control over the Department’s contract actions,” according to the report.

The alert, originally sent on March 20 and just released this week, warns that the missing contracting funds “could expose the department to substantial financial losses.”

The report centered on State Department contracts worth “more than $6 billion in which contract files were incomplete or could not be located at all,” according to the alert.

Hillary Clinton: You Need to Have a Private and Public Position on Policy…

Hillary Clinton e-mails via WikiLeaks

Buzzfeed:

Clinton: “But If Everybody’s Watching, You Know, All Of The Back Room Discussions And The Deals, You Know, Then People Get A Little Nervous, To Say The Least. So, You Need Both A Public And A Private Position.”*

Clinton Said That The Blame Placed On The United States Banking System For The Crisis “Could Have Been Avoided In Terms Of Both Misunderstanding And Really Politicizing What Happened.”

Clinton: “Even If It May Not Be 100 Percent True, If The Perception Is That Somehow The Game Is Rigged, That Should Be A Problem For All Of Us.”

Clinton Said That Because Candidates Needed Money From Wall Street To Run For Office, People In New York Needed To Ask Tough Questions About The Economy Before Handing Over Campaign Contributions.

This one is epic in light of how she mishandled classified docs and emails:

Clinton: “At The State Department We Were Attacked Every Hour, More Than Once An Hour By Incoming Efforts To Penetrate Everything We Had. And That Was True Across The U.S. Government.”

Hillary Clinton: “When I Got To The State Department, It Was Still Against The Rules To Let Most — Or Let All Foreign Service Officers Have Access To A Blackberry.”

Hillary Clinton Steered Government Contracts to Chelsea’s “Friend”

There are hundreds of examples of just this kind of corruption with the Clinton’s. Why won’t their voters wake up?

Bill Gertz:

Former Secretary of State Hillary Clinton sought to arrange Pentagon and State Department consulting contracts for her daughter’s friend, prompting concerns of federal ethics rules violations.

Clinton in 2009 arranged meetings between Jacqueline Newmyer Deal, a friend of Chelsea Clinton and head of the defense consulting group Long Term Strategy Group, with Pentagon officials that involved contracting discussions, according to emails from Clinton’s private server made public recently by the State Department. Clinton also tried to help Deal win a contract for consulting work with the State Department’s director of policy planning, according to the emails.

Deal is a close friend of Chelsea Clinton, who is vice chair of the Clinton Foundation. Emails between the two were included among the thousands recovered from a private email server used by the secretary of state between 2009 and 2013. Chelsea Clinton has described Deal as her best friend. Both Clintons attended Deal’s 2011 wedding.

Government cronyism, or the use of senior positions to help family friends, is not illegal. However, the practice appears to violate federal ethics rules that prohibit partiality, or creating the appearance of conflicts of interest.

Specifically, the Code of Federal Ethics states that government employees “shall act impartially and not give preferential treatment to any private organization or individual.” Pentagon ethics guidelines also call for avoiding actions that would create even the appearance of improper behavior or conflicts of interest.

 

Bill Clinton: Obamacare is the craziest thing in the world (video)

Bill sends the Hillary campaign into meltdown damage control mode….

What Bill says here is actually mostly true, of course his statements about the market are half nonsense. He says that Hillary wants to replace Obamacare….well no she doesn’t.

MSNBC said that Hillary should take Bill off the campaign trail:

Obama Care Insurance Rates in Tennessee to Increase 62%

WGNS:

Senate health committee Chairman Lamar Alexander (R-Tenn.) made the following statement on the premium increases ranging from 44 to 62 percent made final Tuesday for all three plans on Tennessee’s Obamacare exchange:

Tennesseans cannot afford 44 to 62 percent Obamacare price increases that will force them to make difficult decisions about their daily lives and their family budgets. They should not have to pay the price for a terrible health care law and the refusal by Democrats in Washington to see what is plainly obvious–that Obamacare is failing. The Tennessee insurance commissioner says that the Obamacare exchange in Tennessee is ‘very near collapse.‘”

He continued, “Congress should give states more flexibility to support a sustainable private health insurance market and to give individuals and their families more options to purchase lower-cost private health insurance plans outside of Obamacare. No matter which party is in the White House in January, we are going to have to take a good, hard look at Obamacare, which is bearing down on American families in a way that cannot be allowed to continue.”

Background: In June of 2016, health insurance providers throughout Tennessee submitted their proposed plan rates for 2017 to the Tennessee Commissioner of Insurance. All health insurers requested a double-digit increase, with the highest being 62 percent. In an unprecedented move, the Tennessee Insurance Commission earlier this month allowed two of the three health insurance providers to increase their original insurance rate requests of 23 and 29 percent to allow the companies to continue to offer health plans in Tennessee.

The Tennessee Department of Commerce and Insurance announced it has approved 62, 46.3%, and 44.3% increases for the three insurers on Tennessee’s Obamacare exchange.

Tennessee Department of Commerce and Insurance Commissioner Says Near Collapse:

Speaking to The Tennessean, Tennessee Department of Commerce and Insurance Commissioner Julie Mix McPeak said, “I would characterize the exchange market in Tennessee as very near collapse … and that all of our efforts are really focused on making sure we have as many writers in the areas as possible, knowing that might be one. I’m doing everything I can to prevent a situation where that turns to zero.

State Department has Refused to Implement ARB Security Recommendations Since 1999

This is a classic example of government incompetence that gets Americans killed and makes you want to pull your own hair out. The ARB (Annual Review Board) is a part of the State Department which exists to find and correct mistakes within the department.

Since 1999 the ARB has been pounding that security at State Department facilities such as Beirut, Benghazi, and more have been woefully inadequate. How many lives have been lost because the State Department bureaucracy simply refuses to do its job?

Trey Gowdy uncovers this important truth:

Tax Dodging is Wrong, Legal Tax Avoidance is the American Way

Unless of course you are a company like GE who has the connections to get special exemptions for themselves in the tax code.

That exception aside, no one should pay more than the law says that they should, or as my teenage daughter might say “no duhhh”. There is nothing wrong with taking deductions that are written into the law.

As so many have heard, Donald Trump’s 1995 Tax Returns were illegally leaked and it shows that he paid very little tax that year because he was recovering from recent losses, which are deductible. Hillary Clinton and even the New York Times used those same deductions in their own taxes.

Breitbart News:

Hillary Clinton used the same exact method as Donald Trump to pay less tax, according to her own tax returns released by her presidential campaign.

Donald Trump reportedly avoided paying federal income taxes by reporting massive losses on his 1995 tax return, which the New York Times somehow obtained before Trump himself released it.

The Wall Street Journal describes the loophole that Trump used:

The tax treatment of losses, bound to become a subject of national debate, is a typically noncontroversial feature of the income-tax system. The government doesn’t pay net refunds when business owners lose money, but it lets taxpayers use those losses to smooth their tax payments as they make money. That reflects the fact that “the natural business cycle of a taxpayer may exceed 12 months,” according to a congressional report.

Typically, for federal returns, such net operating losses can be carried backward for two years to offset past income and then kept on a taxpayer’s books for 20 years, though Mr. Trump’s losses could only qualify for a 15-year carryforward under the law at the time.

The Clinton campaign has hammered Trump on his unreleased tax returns. When pundits on cable news now refer to the “Taxes” issue, they’re usually talking about Trump’s personal “taxes” issue, not the taxes paid by American voters.

But the Zerohedge blog first noticed something that could undercut Clinton’s ability to hit Trump on his “net operating losses.”

Clinton’s 2015 tax returns reveal that Hillary Clinton also reported capital gains losses in order to lessen her tax burden through a “carryover.”

Page 17 of the tax returns show “Capital Gains and Losses” for “WILLIAM J CLINTON & HILLARY RODHAM CLINTON.”

The Clintons reported a “Long-term capital loss carryover” of $699,540.

Thus, the Clintons reported a “Net long-term capital gain or (loss)” of “-699,540.”

Hillary Blasts Well Fargo, but Guess Who It Donates to Most?

You guessed it…

Grabien:

Hillary Clinton blasted Wells Fargo Monday over the scandal that led to thousands of employees being terminated for collecting fees on fake accounts.

Clinton, however, is now being revealed as Wells Fargo’s top recipient of campaign donations, outpacing the next presidential candidate — Jeb Bush — by more than 300 percent. In all, Wells Fargo has contributed $258,351 to Clinton’s campaign.

The second highest recipient is Bernie Sanders’ Senate campaign, which collected $61,043.

Of the latest scandal, Clinton said it shows that, “Eight years after a cowboy culture on Wall Street wrecked our economy, we are still seeing powerful bankers playing fast and loose with the law.”

“It is outrageous,” she said.

 

THERE IS NO DEFENSE – HILLARY’S MISUSE OF HER POSITION AT THE STATE DEPARTMENT FOR PAY FOR PLAY SCHEMES

By Jeff Capella

RUSSIA

For a more complete understanding of Hillary’s connection to Russia as well as how Hillary misused her position as secretary of state for pay for play schemes feel free to read this report by the government accountability institute (1). One of the major Russian front originations involved in Hillary’s pay for play schemes is outlined in the declassified intelligence assessment by United States European Command that exposed skolkovo innovation center as a front for the Russian military and Russian intelligence. (2) Such assessment was further corroborated by a waring issue from the FBI Boston office regarding skolkovo innovation center (3). Indeed during the time where the potential sale of a uranium mine which underwrites United States nuclear deterrence was being discussed within the United States government and Hillary Clinton was secretary of state an increasing Russian owned and operated company paid 500,000 $ to the Clinton foundation (4).

NORTH KOREA

In 2010 Hillary’s state department knew and approved of Syracuse university organizational and operational ties to North Korean’s nuclear program (5). Indeed at that time former Clinton undersecretary of defense Dr Wallerstein was the dean of Maxwell school (6). In 2013 ABC outed Bill Clinton reached out to Hillary’s state department with request to approve for invitations to / paid speeches for North Korea (7).

IRAN

From 2006 – 2009 the Clinton foundation received numerous annual donations from Alevi Foundation. For example in 2005 Alavi Foundation gave 30,000 dollar donation to the Clinton Foundation (8). On Dec. 19, 2008 Alavi foundation donated between $25,000 and $50,000 to the William J. Clinton Foundation (9). This would be two years AFTER Alavi Foundation was designated a terrorist entity by the FBI on Oct 25 2007. In 2008 Alavi foundation was busted by the treasury department and the FBI as being a front organization for the mullah regime in Iran as well as engaging in money laundering actives for Iran’s terrorist activities (10). Even after Alavi was prosecuted and convicted of being a front for terrorist organizations the Clinton’s refused to turn the money over to the FBI (11).

End Notes / Cited Sources

https://www.washingtonpost.com/news/the-fix/wp/2016/09/21/the-clinton-foundation-has-become-a-clear-liability-as-bill-clinton-mounts-his-big-defense/

1. http://www.g-a-i.org/u/2016/08/Report-Skolkvovo-08012016.pdf

2. http://fmso.leavenworth.army.mil/Collaborati…/…/Skolkovo.pdf

3. http://www.bizjournals.com/…/fbis-boston-office-warns-busin…

4. http://www.nytimes.com/…/cash-flowed-to-clinton-foundation-…

5. http://www.syracuse.com/…/north_korean_nuclear_envoy_to.html “U.S. State Department spokeswoman Victoria Nuland said the envoy was coming at the Maxwell School’s invitation for three days next week to attend “track two,” or unofficial discussions the school is sponsoring, starting Wednesday.”

6. http://news.syr.edu/mitchel-wallerstein-baruch-college/ “From 1993-97, Wallerstein was deputy assistant secretary of defense for counter-proliferation policy and senior defense representative for trade security policy in the U.S. Defense Department. He was nominated as the first presidential appointee in this position and was responsible for the development and implementation of U.S.”

7. http://abcnews.go.com/…/bill-clinton-sought-state-de…/story…

8. http://www.guidestar.org/…/345/2006-237345978-02d06414-F.pdf (Page 72)

9. http://www.forbes.com/…/alavi-foundation-clinton-oped-cx_re…

10. https://www.treasury.gov/press…/press-releases/…/hp1330.aspx

https://archives.fbi.gov/…/manhattan-u.s.-attorney-announce…

11. http://freebeacon.com/…/clintons-refused-to-return-money-f…/

House Oversight Votes to Hold Clinton IT Aide Bryan Pagliano in Contempt – All Dems Vote No

When Congress sends you a  subpoena showing up is not optional. Not showing up is a criminal act.

So when Hillary Clinton’s IT man who deleted her emails after they were under subpoena failed to appear, the House voted to take action against him as the law prescribes…..but every Democrat voted no on taking action. They literally voted to allow/endorse such criminal behavior all in an effort to protect Hillary.

Can there be any doubt that to Democrats power is more important than the law and the truth?

NOTE: Pagliano was given immunity by the DoJ, so he has no 5th Amendment excuse to not testify. This is all about Hillary.

Politico:

A House panel voted Thursday to hold Bryan Pagliano, a former technology aide to Hillary Clinton, in contempt of Congress for refusing to testify about the private email set-up Clinton used as secretary of state.

The House Oversight and Government Reform Committee voted 19-15 along party lines, to send a contempt resolution to the full House. The move against Pagliano took place despite repeated warnings from his attorney that the showdown was fruitless since the computer specialist would assert his Fifth Amendment rights in response to any questions that would be put to him.

“Subpoenas are not optional,” panel Chairman Rep. Jason Chaffetz (R-Utah) said after Pagliano failed to show up at the second committee hearing he was formally called to in the past two weeks. “Mr. Pagliano is a crucial fact witness in this committee’s investigation former Secretary of State Hillary Clinton’s of a private email server to conduct government business.”

Hillary Clinton Gave State Department Appointments to 194 Donors

Washington Examiner:

Hillary Clinton placed dozens of her donors on State Department advisory boards between 2009 and 2012, federal records show.

The former secretary of state’s agency appointed 194 donors who had given either to her family’s foundation, her political campaigns, or both, or were affiliated with groups that had.

Those donors represented nearly 40 percent of the 511 advisory appointments the State Department made during Clinton’s tenure.

 

UPDATED! Obama Lied About Hillary’s Illegal E-Mail Server, He Was Using It!

UPDATE – Thanks to Hillary’s leaked campaign emails via WikiLeaks we have more evidence that Obama was using her private server as well. Her private server emails were subpoenaed and she scrubbed thousands of them and took a hammer to other devices. Hat Tip Dr. Milton Wolf, who happens to be related to President Obama:

dr-milton-wolf-mills-podesta-emails-potus

UPDATE II – More emails show that Clinton staff knew Hillary’s private server was illegal, that Obama was using it and the FBI ignored it:

President Obama told CBS News that he had heard about Hillary’s illegal e-mail server on the news. Now we know, thanks to document dumps from the FBI, that he was actually talking to Hillary privately on that server.

Politico:

President Barack Obama used a pseudonym in email communications with Hillary Clinton and others, according to FBI records made public Friday.

The disclosure came as the FBI released its second batch of documents from its investigation into Clinton’s private email server during her tenure as secretary of state.

The 189 pages the bureau released includes interviews with some of Clinton’s closest aides, such as Huma Abedin and Cheryl Mills; senior State Department officials; and even Marcel Lazar, better known as the Romanian hacker “Guccifer.”

In an April 5, 2016 interview with the FBI, Abedin was shown an email exchange between Clinton and Obama, but the longtime Clinton aide did not recognize the name of the sender.

“Once informed that the sender’s name is believed to be a pseudonym used by the president, Abedin exclaimed: ‘How is this not classified?'” the report says. “Abedin then expressed her amazement at the president’s use of a pseudonym and asked if she could have a copy of the email.”

The State Department has refused to make public that and other emails Clinton exchanged with Obama. Lawyers have cited the “presidential communications privilege,” a variation of executive privilege, in order to withhold the messages under the Freedom of Information Act.

The report doesn’t provide more details on the contents of that particular email exchange, but says it took place on June 28, 2012, and had the subject line: “Re: Congratulations.” It may refer to the Supreme Court’s ruling that day upholding a key portion of the Obamacare law.

CBS News:

Last Updated Mar 7, 2015 6:56 PM EST

President Obama only learned of Hillary Clinton’s private email address use for official State Department business after a New York Times report, he told CBS News in an interview.

CBS News senior White House correspondent Bill Plante asked Mr. Obama when he learned about her private email system after his Saturday appearance in Selma, Alabama.

“The same time everybody else learned it through news reports,” the president told Plante.

Mr. Obama’s comments follow a long week of media scrutiny surrounding Hillary Clinton’s private email address and the “home-brewed” server that hosted it.

New York Post – Inside the scramble to cover up Clinton’s private email server
Congressman Trey Gowdy responds

Clinton’s Get Millions From World’s Biggest Sharia Law Education Firm

Like Hillary is going to lead any positive education reforms….

If people only knew how corrupt the education cartel is…..

Via the Daily Caller:

Former President Bill Clinton collected $5.6 million in fees from GEMS Education, a Dubai-based company that teaches Sharia Law through its network of more than 100 schools in the Middle East, Asia and Africa, according to a Daily Caller News Foundation investigation.

The company’s finances strictly adhere to “Sharia Finance,” which includes giving “zakat,” a religious tax of which one-eighth of the proceeds is dedicated to funding Islamic jihad.

The company also contributed millions of dollars to the Clinton Foundation.

His biggest paycheck from the closely-held company — which is incorporated in the Cayman Islands — was in 2014 when he pocketed $2.1 million. It is unclear if Bill received income from the Middle Eastern firm in 2015, since Hillary has not yet released her tax return for that year.

 

So Hillary, Let Me Get This Straight…..

“None of my emails had the classified header and border “- Hillary Rodham Clinton

So Hillary let me get this straight. I take a classified document complete with the border and header markings, and then I open up my email program and start copying the secret information. Because my email program does not have the classified header and border this now makes it all OK. This is what Hillary is saying literally and no one follows up.

This is an old propaganda trick known as “smoke screening”. Smoke Screening is when you present a small, partial fact (or lie) as truth as if shown to you out from behind a smoke screen so that you cannot see the rest of the truth or context in hopes that a completely false narrative can be presented to you through implication and attitude. Parents know that bratty teens do this all the time to try and get out of trouble, except they are usually not very good at it.

Hillary: Don’t let anybody tell you it’s corporations and businesses create jobs (video)

Leftists/Marxists/Progressives/Liberals/Communists believe that wealth and prosperity come from government bureaucracies. There is a small amount of truth to that as they are quite adept at enriching themselves, their donors and their cronies with your money.

Appearing at a Boston rally for Democrat gubernatorial candidate Martha Coakley on Friday, Hillary Clinton told the crowd gathered at the Park Plaza Hotel not to listen to anybody who says that “businesses create jobs.” “Don’t let anybody tell you it’s corporations and businesses create jobs,” Clinton said.

Dear idgits at the NYT…

At Benghazi the Al-Qaeda mortar teams had each building zeroed in which takes time and training. Distances measured to the meter, advanced scoping of the targets etc. Who brings mortars to a protest?

And this was after Al-Qaeda made coordinated attacks against the British, the Red Cross and other Western targets in Benghazi and took credit for them. We also know from wires to the State Department that our own people on the ground predicted an Al-Qeada attack was inevitable.

– Signed, the editor of this blog who has military munitions experience and everyone else who has had the requisite military training who isn’t paid to lie for you.

Sharyl Attkisson put truth to the latest politicized claim by the NYT that “Hey, maybe it really was a video“:

Whatever the status of the terrorists, there’s now widespread agreement even among Obama admin that they weren’t spontaneous protesters.

This was a piece I wrote in May that I think still holds up pretty well as far as describing Obama admin views:

The NYT’s Hillary for President activism begins today.

NBER: CRA and other leftist policies lead to mortgage collapse

Those who are regular readers of Political Arena are not surprised by this as this writer has penned over a dozen articles on this very subject.

The piece below is certainly written with a partisan attitude, but in this case the facts justify the arguments within the article. Multiple analysis from the New York Times, Dr. Thomas Sowell, The Wall Street Journal, Investors Business Daily and many others have come to this same conclusion as the evidence is simply overwhelming.

UPDATE – More from IBD:
A1BigCRA_121221.png.cms

Robert Moon:

A new study from the widely respected National Bureau of Economic Research released this week has confirmed beyond question that the left’s race-baiting attacks on the housing market (the Community Reinvestment Act–enacted under Carter, made shockingly more aggressive under Clinton) is directly responsible for imploding the housing market and destroying the economy.

The study painstakingly sorted through failed home loans that caused the housing market collapse and identified an overwhelming connection between them and CRA mortgages.

Again, let’s review:

-President Bush went to Congress repeatedly for years warning them that Fannie Mae and Freddie Mac were going to destroy the economy (17 times in 2008 alone). Democrats continuously ignored him, shut down his proposals along party lines and continued raiding the institutions for campaign contributions on their way down.

-John McCain also co-sponsored urgently critical reforms that would have prevented the housing market collapse, but Democrats shut that down as well, along party lines, and even openly ridiculed anyone who suggested reforms were necessary…to protect their taxpayer-funded campaign contributions as the economy raced uncontrollably toward the cliff.

-No one was making bad loans to unqualified people until Democrats came along and threatened to drag banks into court and have them fined and branded as racists if they didn’t go along with the left’s Affirmative Action lending policies…all while federally insuring their losses. Even the New York Times warned in the late 1990s that Democrats continuing to force banks into lowering their standards would lead to this exact catastrophe.

-Obama himself is even on the record personally helping sue one lender (Citibank) into lowering its lending standards to include people from extremely poor and unstable areas, which even one of the left’s favorite blatantly partisan “fact-checkers,” Snopes, admits (while pretending to ‘set the record straight’).

-Even The New York Times admitted that there is “little evidence” of any connection between the “Republican” deregulation measures Obama blames, like the Gramm-Leach-Bliley Act (signed into law by a Democrat), and the collapse of the housing market.

[Political Arena Editor’s Note: The Gramm-Leach-Bliley Act passed almost unanimously]