Hat Tip: Joshua Pundit
And our articulate friend Wolf Howling continues Eco 101 by explaining that the current financial crisis is a direct result of President Clinton’s policies and Democratic big government ideology.
We are in a fiscal crisis today largely because of the sub-prime lending crisis. At the intersection of the crisis is Fannie Mae, Freddie Mac, and Democratic politics. It was Bill Clinton who set this time bomb in motion by forcing lenders into the sub-prime market. It was Clinton who used Fannie Mae and Freddie Mac as the center pieces of his strategy to extend home loans to marginal borrowers, largely minorities. And it has been largely Democratic lawmakers who have protected the scheme over Republican and Bush administration efforts to reign it in over the past eight years.
To read the entire article, please click here.
And my good friend Jeremayakova has a conversation about Sarah Palin with a resident of Wasilla, Alaska. Truly illuminating.