Info Video: How the Democrats Caused the US Economic Crisis


A well researched, very informative and fast paced video collecting facts from various reputable sources, showing how the Democrats – including Barack Obama – caused today’s US economic crisis while receiving wads of cash… And how Bush and McCain tried to prevent it from happening, but were blocked by the Dems. It’s a whole lot of information in just 10 minutes.

See also Which Candidate Do Fannie Mae and Freddie Mac Donate Most To? for many more links and videos showing how Obama and the Democrats caused the entire United States of America to suffer for their own blind greed.

From Moonbattery, the video Burning Down the House: What Caused Our Economic Crisis:

(Head direct to that link to view.)

Some excerpts:

Democrats Obama caused US Economic Crisis

Democrats Obama caused US Economic Crisis

Democrats Obama caused US Economic Crisis


Democrats Obama caused US Economic Crisis

Democrats Obama caused US Economic Crisis

Democrats Obama caused US Economic Crisis

Democrats Obama caused US Economic Crisis

Democrats Obama caused US Economic Crisis

Democrats Obama caused US Economic Crisis

Democrats Obama caused US Economic Crisis

Democrats Obama caused US Economic Crisis

Democrats Obama caused US Economic Crisis

Democrats Obama caused US Economic Crisis

Democrats Obama caused US Economic Crisis

Democrats Obama caused US Economic Crisis

Why, isn’t Chicago where Obama started off on his political career? And isn’t Illinois Obama’s Senate constituency?

Hope & Change! See what Obama accomplished here:


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4 Responses to “Info Video: How the Democrats Caused the US Economic Crisis”

  1. jezb1 Says:

    The 2003 legislation to regulate Fannie Mae and Freddie Mac never made it to a floor vote in the Republican-controlled House or the Republican-controlled Senate of the 108th Congress. Because both these chambers were controlled by the Republicans, the Republicans were responsible for controlling the agenda and bringing the legislation to a floor vote, but the Republicans never did. So, the Democrats didn’t have a chance to vote on the legislation or block it w/ a filibuster.

    The same happened to the 2005 legislation introduced in the 109th Republican controlled Congress. Again, the Republicans failed to bring the legislation to a floor vote, so Democrats didn’t have a chance to vote on the legislation or block it w/ a filibuster. Also, John McCain jumped on as a co-sponsor of the 2005 legislation in May 2006, more than a year after it was introduced in Jan. 2005, and a mere two months before the housing bubble burst. It probably would have been too little too late anyway.

    Interestingly, when the Democrats gained control of the Senate and the House in 2007 (110th Congress), and when Barney Frank first chaired the House Financial Services Committee and the committee had a Democratic majority, and when Chris Dodd first chaired the Senate Banking Committee and the committee had a Democratic majority, the again re-introduced Fannie/Freddie regulatory legislation made it outside of both committees, and the Democrats, who then had control of both chambers’ agenda and were responsible for bringing the legislation to a floor vote, actually did bring it to a floor vote. The bill finally passed Congress in May 2008. The legislation is known as the Federal Housing Finance Regulatory Reform Act of 2008.

  2. jezb1 Says:

    Let’s not forget John McCain’s campaign manager, Rick Davis, received >$30,000/month over five years to lobby for Fannie Mae and Freddie Mac.

  3. jezb1 Says:

    Nice try, but the CRA’s villainy has been wildly exaggerated.

    First, the CRA applies only to banks and thrifts that get federal insurance. It does not even apply to three-fourths of the institutions that made subprime loans, the high-interest loans at the heart of Wall Street’s credit collapse.

    Also, nothing in the CRA requires banks to offer subprime loans, interest-only loans, no-money-down loans or any of the other gimmicks that inflated the now-fizzling housing bubble. Quite the opposite, the law calls on lenders to meet the credit needs of the communities in which they are chartered, “consistent with the safe and sound operation” of those lenders.

    Contrary to the myths, studies show that most CRA borrowers pay their bills on time and become successful homeowners.

    That’s why the law has worked well for three decades, long before the recent Wall Street mess.

    No, it makes more sense to blame the explosion of unregulated mortgage originators, an industry that grew in the housing boom, partly financed by Fannie Mae and Freddie Mac, now taken over by the government.

    Pressured by the Clinton administration, lenders in 1999 began to relax the credit requirements for minorities and others whose incomes, credit ratings and savings were too low to qualify for conventional loans.

    But that pressure did not come in response to the CRA. Fannie Mae, Freddie Mac and independent mortgage brokers had no CRA obligation or much federal regulatory oversight. Yet they account for most of the subprime-lending boom in the late 1990s.

    And remember this: While subprime loans went to large numbers of non-whites and low-income borrowers, studies show that these recipients were outnumbered by upper-income and white borrowers.

    One study by Compliance Technologies, which consults to lenders, found that more than half of subprime loans that originated at the height of the lending frenzy two years ago went to non-Hispanic whites—and about 40 percent went to borrowers whose annual income was at least 120 percent of their local area’s median.

    “Fannie and Freddie didn’t have to be led to the water to drink,” Judith A. Kennedy, president of the National Association of Affordable Housing Lenders, recently wrote. “They ran.”

    Yet the CRA is a convenient target for conservatives. It was created under pressure from “community organizers,” a group ridiculed at the Republican National Convention. What’s so bad about helping communities to organize? The GOP never said.

    But the CRA didn’t cause the housing market’s crash.

  4. SHARON JOHNSON Says:

    OBAMA, FRANK, DODD, ARE NOTHING BUT CORRUPT AND THEY CAUSED THE ECONOMY TO CRASH. OBAMA 2ND BIGGEST TO BENEFIT IN THE MONEY. WHAT A DISGRACE AND WHAT STUPID MEDIA CONTINUES TO COVER FOR OBAMA AND BIDEN. THEY ARE NOTHING BUT CORRUPT LYING, LOW LIFE THUGS. OBAMA DESTROYED HIS DISTRICT. HE DID NOTING FOR THE PEOPLE IN HIS DISTRICT BUT TAKE. HE GOT HIS 1.9MILLION MANSION WHILE FAMILIES WERE FREEZING IN THEIR APARTMENTS FOR WEEKS AT A TIME.

    WHAT A DISGRACE AND HOW IGNORANT THE AMERICAN PEOPLE ARE BEING SHOW THE REAL OBAMA.
    HOW SAD THAT PEOPLE CANNOT SEE HIM FOR WHAT HE IS NOTHING MORE THAN A LOW LIFE THUG

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