New study confirms economy was destroyed by Democrat policies

Via the Examiner:

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.  (continue reading at the Examiner, hat tip FrederickWilliam Dame)

 

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Comments

[PALADIN]

Why don't the Republicans talk about this more ?
Where is the leadership in the Republican Party?
Me thinks its time for a NEW Conservative option.

Bohener et al are nothing but a bunch of asskissing hacks.

And Obamugabe's raise for all those turds and himself just shows his utter contempt for the American People.

[Susan Benton]

My thinking exactly. The Democrats are destroying the country and it has been pretty obvious for a long time.
So what do the Republicans do? Next to nothing. It is as if they were using a broom to clean up the mess of 9/11!