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April 06, 2009

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It's fun to point the finger at "Dreier, Madoff et al." for the Unemployment and economic crisis. However, the actual people at fault are those who encouraged risky bad investments (loans to people who couldn't afford housing), specificaly: the Clinton administration and the Democrats in Congress (who remain in Congress to this day). They pushed for "cheap housing for everybody," and while encouraging 0-3% down purchases on homes based upon "stated income," created all of the toxic assets that have destroyed the economy. Good job pointing at thieves as the problem. It's not actually the corporate thieves that have caused the economic crisis, it is the thieves in Congress and now in the Whitehouse. . . . and they continue to steal.

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