Items
that have led up to the impending crash:
1
The 2008 real estate crash that took the
economy down (caused directly by the Clinton administration by enforcing the
Community Reinvestment Act which, under threat of further in-depth
investigations by Clinton’s Attorney General Janet Reno, forced lending
companies to make loans to risky borrowers, which in turn led to the sub-prime
bad idea).
2
General economic depression resulted on a
one-thing-led-to-another basis and the government, in its desire to run and
control everything, frightened the nation and the world with total economic collapse
if the government didn’t save the day and immediately begin spending money.
3
Obama gets his trillion-dollar stimulus
from congress (which was made up of money borrowed from foreign governments, some
of whom are not our friends). This
porkulus bill created a feeling that the economic problems had been solved and that
all was well with the world (at least that’s what Obama told us).
4 The
Fed imposes near-zero interest rates and introduces quantitative easing, which
resulted in pumping unprecedented quantities of money into the stock
market. This move caused the market to
respond favorably (which Obama said was good and was a sign of economic recovery)
and,
5 Created
a new and potentially more dangerous stock market bubble.
6 Because
he’s a liberal, Obama repeatedly speaks of forgiving bad college loans and
overlooking bad home loans, and his administration created the HARP program to
replace the failed sub-prime folly.
There are also some other
enduring causes of the current bad economy: Obamacare. A stalled Keystone
pipeline. Obama’s war on coal. A deluge of EPA regulations attacking businesses
and private property across the nation.
The first and most natural thing a liberal
government feels it must do is control any situation, and in this instance Obama
would not allow the stock market to gradually correct itself and regain sanity
by letting some companies fail. Instead it picked favorites and made sure they
stayed in business and became grateful and subservient to the Obama
administration for their bailouts.
America, under Obama, is in debt over its
head and all Obama can do is dig us deeper. Obama’s “fundamental transformation
of America” is well under way and we’re proceeding full speed ahead toward
disaster.
