MaggieMae
Reality bits
- Apr 3, 2009
- 24,043
- 1,635
- 48
Great point, but lets not forget if it had not been for 9/11 we never would have went to Iraq in the first place and the events leading up to 9/11 was due to clinton and his adminastraition dropping the ball. But the biggest mess of all is the community re-envestment act that help to build the mega giants Fredy Mac and Fanny Mae. with their fall thus fell the U.S. Economy.
9/11 might have chronologically preceded our invasion of Iraq, but it certainly was NEVER a reasonable justification FOR it. I fully supported our invasion of Afghanistan and, as I have said on here before, I even volunteered to go back on active duty prior to that invasion, but Bush dropped the ball at Tora Bora and his inexplicable and unjustified shifting of priorities from Al Qaeda in Afghanistan who HAD attacked us to Saddam in Iraq who had NOT attacked us was a TERRIBLE and HORRID foreign policy blunder of EPIC proportions.
And I don't see the CRA as the villian, per se, but rather the administration and application of it, which both parties share fairly equally. The CRA was, after all, founded to "help meet the credit needs of the communities in which they operate, including low- and moderate-income neighborhoods, consistent with safe and sound operations.”
Most were supportive of going to Iraq hin side is 20/20 no one knew that the information that was given was flawed. but Saddam did violate the terms of the cease fire of 91.
Now as to the CRA being a villian or not would you agree that loaning money to people who could never repay the loan is a dangerous thing? If the government forced the banks to do this then it was because of the CRA.
Apparently it was a good thing, since Bush expanded the CRA concept by promoting no money down loans, with fewer qualifications for those loans.
Try conservative whitewash.