Both Democrats, and Republicans are at blame for the USA’s financial woes, that’s why nobody wants to talk about it. First with “the community reinvestment act” passed by Carter, then NAFTA sponsered by Tom Daschel (D), Newt Gingrich (R), and Signed into law by Bill Clinton (D). Then companies like Walmart shipped all the jobs overseas.
Then Phil Gramm (R) introduced the GRAMM – Leach – Blilley ACT that got rid of the Glass Steagal ACT (Regulation on banks). This bill was sponsered by Tom Daschel (D), Newt Gingrich (R), and signed into law by Bill Clinton. Then ACORN used it to encourage banks to sell subprime mortgage loans along with the “community reinvestment act”. NOW GOOD BYE USA, and hello UNITED NATIONS! That’s it in a nutshell.