The Cause of the Current Crisis

In one word: Obama.

On July 6, 1994, Obama, along with other lawyers for ACORN sued Citibank for discriminatory practices in making mortgage loans. They claimed CitiGroup was discriminating against inner city blacks by not making mortgages to those living in certain parts of the city without hefty conditions.

CitiGroup, as any business, most probably had done due diligence work to figure who their high-risk customers were, and who were not. As it turns out, inner city blacks were in the high-risk category and were more often than not, denied loans.

As a result of the lawsuit, Citi was forced to make these toxic loans (as they are now called). The "predatory lending" practices was a direct result of the Obama & Co. lawsuit.

With Citi in the business of making these sub-prime loans, federal pressure mounted on Fannie and Freddie as well. Soon, they were backing billions of below-par loans. Enter the creation of the perfect storm.

In the 90s, Clinton put in place certain policies that helped devastate the country in 2000 and 2001. He systematically dismantled the intelligence gathering ability of our country, and worked to reduce our military strength.

Simultaneously, he failed to decisively act when terrorists attacked the World Trade Center in 1993, our embasies in 1998 and the USS Cole in 2000.

The stock market crash after the dot com bubble burst in 2000 was no one's fault but the Market's. George Bush inherited this chaos along with the seeds for the perfect storm.

As a direct result of the reduced intelligence gathering abilities the US possessed, terrorists were able to successfully attack the World Trade Center in 2001. After the 9/11 attacks, the stock markets further plummeted. In order to try to stabilize the markets from the 1-2 punch of the dot com bust and the 9/11 attacks, the Feds lowered short term interest rates for banks.

This in turn allowed banks to lower their interest rates to customers. People started getting giddy with credit.

All of a sudden, people who were at one point of time unable to get a loan for a house, because of the Obama/Citibank lawsuit, were now able to get more house than they could afford. Exotic marketing schemes like ARM mortgages abounded.

Finally, what Citibank and others had once wisely known and tried to prevent happened. The people who they knew could not make their mortgage payments, but were forced to lend money to by Obama, stopped making their payments.

As more and more houses entered morgage defaults, distressed financial institutions had no option but to close their doors.

Ultimately, we find ourselves in the mess that we are in now.

If Obama had not sued Citibank to accept these toxic loans in the first place, our economy would be going very well right now.

And of course, the majority voted him in.

Think of that as you surf to another site... it's like asking a drunk to mind the liquor store.

Why the Far Left

The Far Left. Folks who are so far gone that they absolutely have no clue how the got there, or what they are supposed to do. Thus they spend their evenings watching CNN and bashing Bush.

It seems to me that these folk typically have a low IQ, eat a lot of pizza and live to hate. They typically react to what their peers say with well, what their peers at CNN say.

Most liberals claim they love people, love to help the poor etc. But that only as far as they will vote for them. Truth proves otherwise (source: RCP).

- Conservatives outgive liberals by 30%
- Conservatives donate more of their time and give more blood
- Residents in the states that voted for Kerry in 2004 gave smaller percentages of their income than those from states that voted for Bush

You should begin to see a trend here. Obama claims he wants to help 95% of Americans. Yet, he fails to help his own brother and improvished aunt. Why should he? After all, they can't vote for him.

The hypocrisy of liberals is that they are tolerant. Far from it! Liberals are only tolerant of those that that think like they do. Even Attila the Hun would do that. See for yourself - go to any news group or blog or post that has any kind of forum with a conservative topic. You will notice that the vast majority of liberals post personal attacks with liberal usage of obscene language.

The liberal today is one that has no capacity for rational thought. The modern liberal merely regurgitates what CNN and MSNBC feeds him.