The Con Artist
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Uploaded on Feb 26, 2012
President Obama came to Washington with adoring fans and rave reviews, but he's since turned into the biggest box office flop of all time. He promised to cut the deficit in half and bring jobs back to America. He conned us. America can't afford a sequel. Sign up at http://conartist.raisingred.com for future videos!
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U speak of the Carter era "Community Reinvestment Act" (CRA) and try to blame it for the fiscal disaster. Wrong! Consider this: the main culprits in the US fiscal meltdown were priv.sec. fin.institutions NOT SUBJECT TO REG'S OF THE CRA. Only 1 of the top 25 subprime lenders in 2006 was directly subject to the CRA. The largest loses had zero to do with banks covered by the CRA. Further, the CRA doesn't explain why there was a housing "bubble" in Spain where was NO CRA. Real Culprit? DEREGULATION.
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I gave you facts doofus. At the end of W's last fiscal yr in office, 10/1/09 unemp hit 10.2%. We were losing 750K jobs a month. Many economists called it a depression. Bush gace us 6 tril of new debt after inheriting a surplus. The fact the country survived is a testament to BO's leadership. Thanks to him the Repub horror show is finally over as unemp drops to 7.8 w/5.2 mil new priv.sec jobs. Auto sec SAVED, Banks SAVED, STOCKS doubled, 1 war over & OBL dead, U should kiss his ass in thanks.
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Brilliant Democrats With Jimmie Cracker Carter & the ReInvestment Act - Along W Clinton + ACORN pushing people along into First Time Ownership=No credit Ok ! No Down ! Ok ! Then that LOW Starter % Went Up after 5 year Term & BAM ! Homes Started going back to the Banks in Record #'s ! Fannie & Freddie w Franks, Waters, & Pelsoi Lied about the State of the Economy Under Speaker Pelsoi & Banking Chair Franks & Franklin Raines (Cookin the Books ! ) That is the Major Reason The Econ Went KABoom !
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Cretin ? Wow - You are entilted to your Bogus Info- But I am not entitled toFACTS
Like 40 MONTHS STRAIGHT OF 8 % Unem 24 ML people- Plus the Only Reason Last Months Fell is the Numbers were Manipulated because of 750K Workers that are Working PART Time ! The Jobs Saved at GM were at GM= CHINA ! The Dem Party + the Reinvest Act+ Along with ACORN= pressuring BANKS to lower Regulations for Getting HOME LOANS made a False Market that Fell like a House of Cards when the TERM changed & People Bailed
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OR corrects his mistakes, even though it's unlikely you have to give him the benefit of the doubt because he was inexperienced during his first term.
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Obama has pushed us OVER the brink, and we're just waiting for the crash-and-burn. BTW, how has Obama brought us back when he's essentially done the SAME THING that Bush did, only the amount that Bush spent us (into oblivion) in eight years was done by Obama in less than four. Your 401K won't be worth sh*t when this idiot is through with totally marginalizing the currency.
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38 Months of the Worst UNE Rates Snce GREAT DEPRESSION 8.3% And Actual #'s Higher
Many that are employed are Barely employed Taking Part Time Jobs Just to make Money Clerks at Kohls that are making 8.00@Hr used to make 80K a yr Ben Bernake just commented this is the worst since Depression with NO Change in UNEMployement #'s In NDakota where there ARE JOBS JOBS JOBS because they're drilling UNE 3.9% - Obama & Chu want to Block What Works To Push GREEN SLIME & Hand Out Trillions in BAD LOANS
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Dottie042 9 months ago
Americans should have known because he had never run a business, a state, or even a city; all he was was a community organizer. Now, our country is falling apart and he wants 4 more years -- and I say, HE** NO!!! We cannot afford 4 more years of Obama or we will be a Socialist society! How's all that hope & change working out? Miserably!
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ZeekWolfe1 8 months ago
This man has been a dreadful president.
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