President Obama was effective in blaming the Republicans for leaving him an economy that was "in the ditch." It's a complicated story, but, in a way, he was right in that George W. Bush allowed the daring duo of Barney Frank and Chris Dodd to corrupt the US mortgage market to the point where financiers found a way to turn these two bozos naive mandate into an economy killer ... a Ponzi scheme which took in most of the world financial markets.
Now the Democrats have released another skunk at Trump's garden party ... Obamacare ... which should have collapsed before Obama left office ... however it was kept on life support through a series of executive actions that postponed its worst mandates. Now, unless the Republicans untie Gruber's Gordian knot, they will be blamed by millions of poor suckers on expanded Medicaid of taking away their health insurance. As it turns out this is not as many that lost their "bad apple" health insurance under ACA, but nevertheless many in Congress still fear being sprayed by Obama's pole cat.
Up Chuck Schumer is counting on it ...
Wow. An amazing feat of Pretzel Logic, twisting the blame for the deficit on a law that was passed by congress to help people, instead of blaming the evil one percenters who gang-raped the economy.
ReplyDeleteWhat's the big problem? Where's the REPLACE plan we were promised? Is healthcare actually more complicated than the Obama-haters comprehended?
Read more carefully ... I am blaming Bush for not pushing back on the Democrats about their doomed-to-fail mortgage law and then the world financiers for jumping on this sham tram.
DeleteHow come you refuse to give Obama credit for getting us out of the ditch that the GOP left him when they failed to realize the glaring defects of Dodd-Frank? And why haven't the majority Republicans repealed and replaced this travesty?
ReplyDeleteThe Dodd and Frank culpability in the sub-prime ,ortgage fiasco was that, in their positions on the House and Senate Banking Committees they threatened banks with consequences if they didn't lend more to African Americans. So they did and so came the collapse. The Dodd-Frank bill was not passed until two years after the collapse in an attempt at restoring their reputations. All it did was srop bank lending and crush regional banks. Trump has pledged to remedy, with Congress, the Dodd-Frank bill excesses. That is if he can ever get his appointments through up-Chuck Schumer (who also has met with Putin ... I'M SHOCKED!
DeleteThe actual law the Barney and Chris used as a club against the banks was the 1977 Community Reinvestment Act which was strengthen multiple times during Bill Clinton's two terms. But, again, I blame Bush 43 for not pushing back harder (and risk being called a racist.)
DeleteAre you equating the 2003 photo pf Schumer and Putin with campaign "surrogate" Sessions, meeting with Russians after the Obama sanctions for hacking? Have you no shame?
ReplyDeleteBoy does this all reek of HUAC and that Wisconsin Congressman with the 5 o'clock shadow ...
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