First Benghazi, an obvious disaster and cover up, a blatant LIE told directly to your face by a President and numerous Democrat Politicians who saw a potentially damaging pre-election event and did everything in their power to cover it up. Personally I'm not too bothered by it, since I knew immediately it was a terrorist attack and after hearing enough of the details, and knowing enough about our military capabilities I also knew those people were left there to die.
Sorry, I don't like being lied to, by people or Politicians of any political persuasion, but what is so abhorrent, so appalling and so repellent about Benghazi was our State Dept head Hillary Clinton, lied directly to the faces of the parents who lost their sons in Benghazi. One a Seal who gave up his position painting attackers for a military strike that would never come.
I'm up on our military tech enough to know if they could dispatch a drone and have real time access to the attack, they could dispatch a hell fire missile to the painted mortar position that took the life of a Navy Seal trying to protect a American embassy.
Bill Clinton ? He gets allot of credit for his Republican Congress, refusing welfare reform multiple times before finally giving in, and refusing the budget 5 times that supposed created a " surplus''. A "surplus" with a rising debt is no surplus. Conservatives pay attention to the details BTW.
Sure Bill Clinton committed perjury, didn't have enough respect for his family, for his daughter to stay faithful to his mother and NOT be a total disgusting scum bag, but the thing he did that will continue to have economic repercussions for years to come, maybe decades, was his 1995 " National Homeowners Strategy" initiative.
Just a bunch of Executive Orders, that kicked the Sub-Prime Scam into High Gear. Bill Clinton built the market for the secondary junk loans that nearly collapsed our economy by empowering the GSEs to buy up a increasing number of junk loans. HUD was given regulatory control over the GSE's to force them to maintain rising quotas year after year, and in 1997 Fannie Mae securitized their first sub-prime loan.
But his Executive orders that enabled a bubble built on toxic loans wasn't enough apparently. He had to put his people in to power at the GSE's to make it work. So from 1993 to 1998 he replaced almost all of the executive positions at the GSE's, and even replaced the majority of their boards with political appointees. Franklin Raines, guilty of running Fannie like ENRON and guilty of misreporting BILLIONS in profit, was personally responsible for much of the Sub-Prime debacle, but he was a Bill Clinton cabinet member first.
Facts are important.
I don't deal in propaganda. I deal in truth, which is why I'm a Conservative.
IF you want to look at Obama, at the economy, at the economy when he took office, then you need to educate yourself, and that requires dropping all pretense and political affiliation. Don't give ANY POLITICIAN the benefit of the doubt. No Politician deserves that.
The Crash that happened under Bush, the fault of a Democrat mandated sub-prime bubble, the fault of regulations that lowered lending standards AND lowered the standards of Fannie and Freddie, was NOT the fault of George W Bush. From 2001 to 2007, Bush's administration and the Republicans tried continuously to create a new regulatory board that would control the growing and corrupt Fannie and Freddie. With the corrupted GSE's buying up over 70% of CountryWides crap loans and Trillions in additional Alt-A, Sub-Prime and CRA loans a bank could make these loans that were bound to fail, and not have to be held responsible.
Obama had 2 years of free reign, and passed a "stimulus" that only stimulated Government debt. 800 billion borrowed, with NO attention payed to WHY the economy was in such a desperate situation. 8 trillion wouldn't have helped, simply because it's impossible to print and borrow your way out of a recession.
The Republicans haven't stopped anything but a faster self destruct of this Countries economy. Over 35 House jobs bills are languishing in the Senate now, with no chance for a vote thanks to Ried. Who's stopping whom ?
Look at Japan, How many times have they tried this Post Keynesian malfeasance ? BTW, Keynesian is a failed archaic theory that would ONLY work in a isolated economy with a strong manufacturing base. Think about it, we print and borrow hundreds of Billions, or TRILLIONS according to you so we can go out and purchase crap from China. Unreal.
Obama's Green jobs plan was the most ridiculous thing I'v ever seen, a 5th grade science project doomed to fail. He was going to spend billions to build a manufacturing base for a product that there was NO demand for, with NO attention payed to the OBVIOUS ability of the Chinese to easily undercut our manufacturing cost. Billions wasted, because so many Americans stupidly bought into the empty platitudes and who were too stupid or lazy to vet this President properly.
Obama is NO center right anything and if you want to complain about the financial industry then you should be complaining about Obama's FED appointee who is responsible for perpetual QE which has brought down interest rates to almost record lows. It falsely inflates the value of assets and equities, and bonds, and it also removes the risk on private securities allowing for a very isolated effect of wealth creation......in the stock market.
QE has little to no effect on the REAL economy, the private sector, because it does not address the issues that are currently holding down the engine of our economy. Obama's entire economy is propped up with the FEDs printing, with their 3rd attempt on QE which according to Bernake won't stop until employment numbers rise.....even though it's not the Feds job to effect unemployment levels.
It is perhaps the most destructive, most irresponsible thing Obama and his administration have done to this Country, THE BIGGEST LIE, and the day Bernake says he's stopping QE ( I sincerely doubt he will, he's stuck ) , that's the day you guys will realize just how bad things really are.