The REAL reason for the crisis

T minus 2 months. That is the amount of time Barack Obama and the Dems have to blame everything from the current financial crisis to the Holocaust on George W Bush. Who will they blame come January when Barack Obama takes office and realizes that, without bankrupting the country, it will be impossible to keep his promises of free health care and higher education for all? Who will they blame when Barack Obama taxes small businesses so much that they are forced into huge layoffs and even more Americans are out of work? Who will they blame when the auto industry still isn't "bailed out" after the bailout? The Democrats will have no one to blame but themselves when in 3 to 4 years the US is suffering astronomical inflation, record unemployment and millions of retirees without any savings. Lets go back to the basic problem of this economy; banks are failing. Why are so many banks at risk of going under? Because they offered money to individuals unable to repay their loans. Why did they do that? Because Congress (led by Barney Frank), after being leaned on and bullied by the Congressional Black Congress, made Freddie Mac loan money to individuals with poor credit scores. Democrats in Congress and the CBC threatened Freddie Mac if they did not grant more mortgages to minorities and those who had defaulted on past loans. Their reasoning was as follows: unless lending rules are relaxed, people of color would not own homes in relatively equal numbers as whites. This is ludicrous reasoning. Mortgages are not granted based on skin color or ethnicity but based on the likelihood of the applicant repaying the loan vis-a-vis their respective credit score. This assumption by the CBC actually demeans their constituents by implying that blacks would not be able to obtain mortgages without relaxing the lending requirements. Furthermore, when Republicans in Congress began to see the writing on the wall and the crisis emerging as a result of Freddie Mac purchasing these sub prime loans on the secondary market, the Democrats stated that there was no such problem. All the while pointing the finger at the Bush administration for their failed policy. Its high time that Americans know the REAL reason for the financial crisis that we are in now. Most citizens are ignorant to the fact that the Congress and the CBC were doing this. The average citizen only knows that George W Bush is the President and we are going through hard times right now so he must be to blame. The above video shows what really happened. Those who voted for Obama thinking he will solve the financial crisis are sorely mistaken. Unless he reaches across the aisle and works with the Republican half of Congress, Barack Obama will be pushing already failed policies and the American people will suffer.

President Barack Obama

Its all but official, Barack Obama will be the 44th President of the United States of America. While I did not believe that Obama was the right person for the job, I will support him 100% as my President. I hope that President Obama, along with the largest Democratic Congress since LBJ in 1964, can actually bring about change in Washington the way he promised to do so throughout his campaign. Barack Obama is in an unusual position. He has a distinct advantage in trying to implement his liberal policies given the fact that the Congress is heavily Democratic. However, because we are a center/right country as a whole, I believe that during his first couple of years in office we will be surprised at some of the policy changes he tries to bring about. I believe that Obama's presidency will be similar to Bill Clinton's in the way that Clinton used public opinion polls as a guide when making many policy changes. I hope that Barack Obama is the Yin to the ultra liberal Democratic Congress' Yang. I hope that he even throws some policies in there that would make the Republicans happy. I'm very interested to see what the makeup of his cabinet looks like over the next couple of months and the caliber of people he surrounds himself with. I think the country as a whole needs to support this man who, whether we like it or not, was elected to the office in a system that is the envy of the entire world. Politics aside, some of the decisions he makes over the next four years will greatly impact our lives so waiting and even hoping for him to fall on his face would not be in the best interest of America as a whole. I pray that Barack Obama will lead this country with the tenacity and the courage that he so often spoke about on the campaign trail. I pray that he will indeed improve the quality of life for the middle-class, working families out there. I pray that some of the relationships that have been damaged over the last several years will be mended and that the world as a whole will look to America as that "shining city on a hill" as so many generations before us have. I pray that our country can move past partisan politics that have crippled our government for the last five or six years and we can get back to the sense of unity that we had after the September 11th attacks. Mr Obama, you have been given the chance by the American people to bring about the change that you have been preaching about, it is a rare opportunity, don't let us down.