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- How US government (Obama) policies virtually forced banks to make low-down payment mortgages to buyers with sub-standard credit, forcing up prices How securitization meant these sub-standard loans could be bundled up and sold far and wide (w/ great losses to the buyers) How the ratings agencies gave this crap AAA ratings

Obama was the King of Stupid Ideas when it came to the economy. It wasn't just that Obama's ideas didn't work for long - it was that they caused massive damage to the economy in the long run. Remember Obama's Cash for Clunkers Liz? That was another doozie... What an idiot.

Remember Solyndra? All of Obama's "programs for the people" were phony fronts to launder huge amounts of tax dollars for their personal use.

AND THIS:

THE FEDERAL MONEY KEEPS ROLLING IN----The Obama crowd (never expecting to lose in 2016) left a huge paper trail.
Soon as they occupied the WH, Obama placed his COS---Chicago Rahm Emanuel---in control of the US Dept of the Treasury.....
ponder that...... Chicago Rham was Obama's COS AND controlled Treasury.

"Mr President, you are now in complete control of the US Treasury."

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THE SMOKING GUN---WSJ REPORT--On Jan 20, 2009 Timothy Geithner was appointed Obama's Secy of the Treasury. But within three weeks, the Obama White House tightened its grip on Treasury. Obama put his COS, Rahm Emanuel, in charge of Treasury---Rahm Emanuel's dual role was an unusual move. When he got to Treasury, WH COS Rahm Emanuel was so involved in the inner workings that the phrase "Rahm wants it" had become an unofficial mantra among subservient govt staffers, prostrate in obeisance, scurrying to accede to Rahm's wishes, according to Treasury government officials. Reported by WSJ / 05/31/09

More here: PAYWALL-- http://online.wsj.com/article/SB124113406528875137.html

......Obama's Cash for Clunkers .....another doozie... What a greedy idiot.......

And remember when he gave $2 billion to The Muslim Brotherhood terrorists?

And $8 billion to light up Africa....which proved to be a flop....except the Halfrican pocketed a bundle.