New Study Confirms ‘Beyond Question’ That Democrats – Not GOP – Destroyed Economy

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.

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.

Read more from this story HERE.

  • RocktheBenz

    Wake up people. The country is being taken over by communists!!

    • RonMar

      It’s going to be a close race between the Islamists and the Communists.

    • raynbene

      Uh – we HAVE been taken over – but don’t worry about this report – we have the ‘right’ people running things now, so – no worries, mate !

  • RonMar

    A study was needed for this?

  • SammysDad

    And this site will be the only mention of this study. The media will not let it hit the light of day. When will we realize that the media is as great a problem as the government spending? As we know the “low-information voter,” (aka – the ignorant, apathetic, and non-caring voter) is the reason BO is here for another 4 years. The media just squashed all information that might have educated some of these people to understand the democrats are the enemy, not the conservatives.

    • fatman45

      Exactly! The only real question is – what can we do about it? Ideas, people! We need ideas!

    • Actually it’s progressivism. And unfortunately it has
      infected both of the parties. What it will take is a purging of progressivism from both of the parties. I really don’t know if it can be done, irrevocable damage might have already been done.

  • michael lawless

    the muslims are coming!!!!!!!!!!!!!!!!!!!!!!!!!!
    the muslims are coming!!!!!!!!!!!!!!!!!!!!!!!!!!

  • cmdorsey

    What a shocker that is. Reid, Pelosi, Dodd, Barney’s Frank, Henry (Nostrilitis Waxman-Mr. Tax or Ban everything), MARXine Waters, SheDevil Lee have been destroying the country since I was a just a little kid. They are the WOODSTOCK-LIVESTOCK

  • Jeffrey

    Tell me something I don’t already know. This is like trying to keep you sanity amongst all the lies.

  • I have been telling people since 2008/2009 that it was not Bush or Republicans. It was Barney Frank and his lib mob that demanded Freddie and Fanny lower the bar so the less qualified could get home loans….I remember them saying “It is a right for everyone to own a home and that the Republicans are racist” So here we are today…A socialist or radical Islamist is our president….I tell you,they are a smart gang of thieves to plan and succeed at turning the country of the free into a Muslim Brotherhood of radicals. The Dems. knew what they were doing to our economy from the very beginning. Why do you think they never demanded Obama release his sealed records or a true birth record. Because they already knew who and what he was. I tell you this plot to take over America is a bigger take over then anyone can imagine . May God Be with our children in the years to come

  • Mary Kay Nussbaum

    Liberals have showed me their true colors this last year. I have always worked and never had time to research and read like I would have liked. This year, I retired. Oh, my the liberals lie, steal, cover up, run guns, take vacations on tax payer money, murder, talk mostly about themselves, have no common sense, abort babies, want control but haven’t the slightest way how to use it, cuss, talk about God in a negative way, avoid paying taxes, and talk negative about us Republicans. Republican we need to bind together and talk back as we take our country back. They are so stupid, I think it will be easy if we attempt it. Just don’t let them get away with it any longer.

    • Rcorley38

      In order for your suggestion to work is to get rid of the establishment Republicans they are also part of the problem, Power Hungry and no leadership.

  • Speed Demon

    now they are after your guns. Gov of NY wants to confiscate your guns. Everyone needs to watch the NRA press conference. They have laid out a plan covered by the NRA not the government !!

  • gwedem5995

    Only the government can do something against one group of people that others aren’t allowed to do. He singled out the wealthy for paying more taxes. Well, how would it be if only the latinos were to pay more taxes, mor blacks.. If you have a business, you have to give the same consideration to all groups and persons, but the government thinks they are above it. If they tax the rich more, they are doing nothing more than stealing. And like the inheritance tax, a person or persons saves all his life and should be able to give it to anyone. After all, they already paid the taxes on it. but no the government thinks they should get some of it.The government are no more than thieves. I don’t like Madoff and he is in prison for doing exactly what the government does. Social security and medicare is nothing more than a ponzi schemes. I personally think Obama is glad that all taxes will be going up as that is what he wanted all along and then he thinks he can blame the republicans but at least 47 percent of the country wont agree with him and the rest will realize when there is no more money to support them, but by then, it will be too late.

  • Gungho

    Just look at the two pictured, crooks and idiots !!

  • The Mainstream Stupid Media will never never allow this information to be truthfully broadcast via radio, tv, internet, magazines, etc. Will some bright Republicans please stand up and buy a tv station, several radio stations, and a few thousand internet sites so the truth can be told? What good is research if we’re getting like cops and teachers who only talk to each other?

  • johndillinger

    Its not Obama, it is US! .Wake as many as possible. He has ‘seized power” with this last sham of an election. This is just the beginning of many years of suffering for the united states.