THE REAL ROOTS OF THE ECONOMIC MELT-DOWN!

YouTube ^ | Unknown | Vanity

[Dick Bachert]

(I DON'T CARE IF THIS HAS BEEN POSTED 300 TIMES BEFORE, IT IS NECESSARY THAT WE ALL UNDERSTAND WHO IS RESPONSIBLE FOR THE CURRENT MESS. AND, YES, I MEAN TO SHOUT. I'M MAD AS HELL!! IF YOU'RE NOT ALSO MAD AS HELL, YOU DON'T UNDERSTAND WHERE THIS IS TAKING US AND WHO ORCHESTRATED IT.

BEFORE IT IS PULLED FROM THE CANADIAN SITE, WATCH THIS 4 MINUTE VIDEO TO UNDERSTAND WHY I'M SICK AND TIRED OF OBAMBI MUTTERING THAT HE "INHERITED" THIS MESS. THE MESS HAS ITS ROOTS WITH THE DEMOCRATS GOING ALL THE WAY BACK TO CARTER!! FRANK, DODD, SCHUMER, CARTER, WATERS, ET AL SHOULD BE IN JAIL!!!!!

This video clearly shows that George Bush warned Congress starting in 2001 that this economic crisis was coming if something was not done. But Congress refused to listen, including Barney Frank. This video says it all.

The liberal media reportedly did not want this video on YouTube; it was taken off. This link is of the same video, but is routed through Canada. Everyone in America needs to see this before it is yanked off the Internet again!

Let's see how wide we can spread it before it's pulled off the Canadian site.

(If not in hyperlink format, COPY AND PASTE IT!)

http://www.youtube.com/watch?v=cMnSp4qEXNM&NR=1

In a column on the financial melt-down published around 11/30/08, New York Times columnist Thomas “The Earth is Flat” Friedman treated readers to yet more classic MISinformation so typical of the soon-to-be-bankrupt Times. Could their long history of historical revisionism be the reason they’re in trouble? But that’s a topic for another post.

Friedman portrayed the greedy bankers and Wall Streeters as the villains.

Yes, many of them may have gamed “the system,” bundling this “junk” into “derivatives” even PhDs in economics didn’t understand. (In their defense, many of the bundlers and sellers of this stuff KNEW they were turds. If the fools lining up to buy these turds failed to do their due diligence, was that THEIR problem? It was a textbook example of the Greater Fool Theory.)

But if an INSANE FORCED loan “system” hadn’t been created in the first instance, the gaming would not have even been possible. Friedman conveniently failed to mention that the system was a creature of the 1977 Jimmy Carter sponsored “Community Reinvestment Act.”

Allegedly designed to make the American Dream of home ownership available to all, it was expanded in the Clinton years to include even those with virtually no prospect of repaying. Lenders who refused to “get with the program” were threatened with loss of their charters. They were assured by the feds that their risk would be mitigated – or eliminated -- by Fannie or Freddie and the (LOL) FULL FAITH AND CREDIT OF THE UNITED STATES. That’d be OUR GRANDKIDS AND GREAT-GRANDKIDS, FOLKS!

Until it unraveled, it was a brilliant Democrat vote-buying scheme.

And as it unraveled, Barney Frank, Chris Dodd, Maxine Waters, et al weren’t content to stand silently by and watch: They were the head CHEERLEADERS for the failing, soon to be bankrupt philosophy and agencies that triggered the current world-wide economic melt-down! These clowns are either too stupid to hold public office or the new poster boys for UNINTENDED CONSEQUENCES.

THEN AGAIN, GIVEN THE LONG QUESTED FOR LIBERAL EXPANSION OF POWER AND GOVERNMENT, ANYONE ELSE BELIEVE THEY WEREN'T SO UNINTENDED?

For all the pain they have caused with their idiocy, these alleged “leaders” should be hauled into a courtroom and tried. If found guilty, I think public hangings are in order.

Unfortunately, like those before them who created the failing Social Security Ponzi scheme, these alleged “leaders” will be in their graves after living very comfortably on generous taxpayer funded pensions – with the best healthcare OUR money can buy for them. Who says incompetence and stupidity don’t pay?

You see, the financial mess Obama “INHERITED” WAS CREATED BY HIS DEMOCRAT BUDS OVER 30 YEARS AGO! And, yes, a number of Pubbies played a role. I must also mention that SOME Pubbies TRIED to point out that the Dems were building a house of cards. Nobody was listening. Now that it’s too late, we’re ALL listening, aren’t we?

And that begs the question “Will we be listening when the flags go up on the NEXT idiotic vote-buying scheme?” Trust me, it’s being devised right before our eyes! And, no, we will almost certainly do nothing to stop it.

Bin Laden and his ilk have long sought to bring this country down economically. With that job now done by Frank, Dodd, Waters, Reid, Carter, Clinton, et al, the Islamofascists can now devote themselves to full time bomb building.

And for those who think I exaggerate, here is some of the rare wisdom offered by a former President (with whom I have many problems but at least got THIS part right):

“At what point shall we expect the approach of danger? By what means shall we fortify against it? Shall we expect some transatlantic giant to step the ocean and crush us at one blow? Never! All the armies of Europe, Asia and Africa combined with all the treasure of the earth (our own excepted) in their military chest, with a Bonaparte for a commander, could not take a drink from the Ohio or make a track on the Blue Ridge in a trial of a thousand years.

“At what point, then, is the approach of danger to be expected? I answer, if it ever reach us it must spring up amongst us; it cannot come from abroad. If destruction be our lot we must ourselves be its author and finisher. As a nation of freemen, we must live through all time, or die by suicide.”

Abraham Lincoln, 1837

Wise words from the father of modern non-violent resistance: "Among the many misdeeds of the British rule in India, history will look upon the Act depriving a whole nation of arms as the blackest." --Mahatma Gandhi, An Autobiography, p. 446

[MosesKnows]

let me know

I have software that is supposed to provide me the opportunity to save when I play the video. Sometimes it does and sometimes it does not. I have an *.flv file of Canadian video in your response but I don't know how to get it to you.

[Dick Bachert]

Moses,
Thanks. I can do the same with any audio going thru my soundcard with Audacity but don’t have a video capability yet.
Thanks.

[SunkenCiv]

"You had your chance in 2008. I won."