A Comment About

The POR (Pelosi-Obama-Reid) Economy: Very Poor

October 18, 2008 - 12:10 am - by Tom Blumer
AlexinCT
2008-10-19 19:29:22

Mitch, it was not lending money to minorities that created the problem. It was Congress mandating (no not 2 guys going out) that banks give loans to unqualified people that would obviously not be able to pay the loan back and assuring the bankers that tax payers would bail them out if things went wrong that caused this disaster. But nice attempt to make this about race just like Barney Franks, Chris Dodd, and other democrats, including Obama, did to make sure those that wanted regulation that would stop this behavior would be cowed into doing nothing. And now these very democrats that opposed the regulation claim it was because of republican deregualtion and greedy Wall Street, and not their own greed and attempts to block regulation, that we ended with the crisis. And the media gives them a pass because they want to help Obama win. So now republicans and the American people get to take the blame and pay for what the democrats did.