Remember all the toxic assets that brought our financial system to its knees? Well they still haven’t been dealt with. We cannot have a true economic recovery until these toxic assets are removed from the books. Obama promised his whiz Timothy Geithner would have a plan within weeks of his inauguration. [...]
I hope not, but Obama’s stimulus and cap and trade plans are all wrong for the US economy. We need to cut ALL taxes now and let the capitalist system work. Bigger government won’t solve this. In fact, it caused it via the Community Reinvestment Act and cooking the books at Fannie [...]
Many politicians and government officials are not telling the truth when they say that the Community Reinvestment Act is not to blame for the current economic crisis.
There are three major reasons for the current Economic Crisis:
1. Community Reinvestment Act
housing bubble fueled by the dot.com bomb in the late 90’s
housing bubble put on steroids [...]
