Friday, December 16, 2011

What do you dislike most about what happened with Obama's speech last night?

Obama has the ability to give a great speech. However, when it is broken down you find many ertions that are not true or only partially true. Did you see the Republican interviewed after the speech who showed the inherited debt vs the current debt due to the stimulus bill! Amazing! Also, I'm still waiting for someone to admit that most of the sub prime mess started in the 1990s under Clinton when the democratic party put pressure on Financial Institutions to loosen mortgage standards so more middle and low income folks could buy houses. And of course the Federal Reserve pushed interest rates artificially low to accomplish this decision. Both parties were at fault for not coming to the plate and demanding this practice be stopped. They didn't and here we are. It appears to me that we have politics as usual.

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