All you have to remember is it was BJ and the Rats who invented the Community Re-investment Act (Program), CRAP. Bush didn’t want to get involved in the difficult task of “leading” and so got run over by CRAP.
The original Act was passed by the 95th United States Congress and signed into law by President Jimmy Carter on October 12, 1977 (Pub.L. 95-128, 12 U.S.C. ch. 30). The CRA was passed as a result of national pressure to address the deteriorating conditions of American cities—particularly lower-income and minority neighborhoods. CRA seeks to ensure the provision of credit to all parts of a community, regardless of the relative wealth or poverty of a neighborhood. It was reused in the mid 90’s by congress to fore the loaning agencies to okay mortgages that they knew would fold, and they did.
Bush didn’t want to do anything with it so he didn’t want to change it. This was identified in a 2002 speech. His majority consisted of such a small amount that congress members like McCain that are liberal in nature would never have voted to stop it anyway if he had wanted to. There are no conservative congressional members anymore. Only people trying to keep their job. Gutless. And by allowing the libs to sell their wares to the poor to create a voting base, they cost many of them a bundle while it happened when a conservative president was in office making him look bad while the media piled on.
rwood
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The Untraceable $8 Billion ObamaCare PR Budget---truly govt fraud at its finest. Egged on by Pelosi, Democrats slavishly voted for Obamacare by an historic straignt-party line vote.
Not one Democrat told Americans about Obamacare's Section 4002---which mandates an $8B untraceable fund to "promote" Obamacare (apparently b/c Boobamba had so little confidence in his signature legislation).
THE PAYOFF--WHO GOT THE MONEY? In 2010 Taxpayers are extorted $500 million, in 2011, $750 million, 2012, $1 billion, 2013, $1.25 billion, 2014, $1.5 billion, and, in 2015 and on, $2 billion
<><> Where is all that money going?
<><> Was cashing-in the incentive in getting the thing passed?
The sound of West Wing wire-transfers to state Democratic organizations and to offshore banks is almost palpable.
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Turns out Obamacare is a vehicle for consolidating Dummycrat power.....complete w/ a multi-billion dollar slush fund financed by your tax dollar.
ITEM---A local couple called 10News concerned after they received an envelope from Obamacare website, Covered California. Inside was a letter discussing voter registration and a registration card pre-marked with an "x" in the box next to Democratic Party.
ITEM---Obamacare web site is also a voter registration site.