Stmarie’s Weblog

2012 Election Information

William J. “Bubba” Clinton and the Economic Democratic Disaster of 2007 through 2012 January 18, 2009

Hello again,

I has been a while since I have posted any thoughts as I wanted to let time take it’s toll. In the past few months our country has deteriorated to almost the same level as the Great Economic Crash of 1929.  The collapse of our economy is a well orchestrated plan by the Democratic Party to completely destroy any other party representing the American people in modern day politics, Thus making the United States a one party Socialist country.  I also want to make it perfectly clear that if this was happening with the Republican Party the events would be just as detrimental to the well being and the freedoms and privileges that we as Americans have enjoyed up until now. This is a multiple party Democracy. I hope it remains that way to keep checks and balances in order.

The American people have voted and they have chosen a person to be president of the United States based mostly on the color of his skin.  The American people have thrown aside any questions about qualifications or ulterior motives of the person they have put into office.  The country is so caught up in Obama merchandising of commemorative pins, coins, songs, banners, comic books, bobbles, SWAG, buttons, banners and other items that are so insignificant to the problems that lay ahead of us in the near and long term future.

My own story is in the past three days I have found out that I have to come up with $25,000.00 in order to save my house.  I am able to do it but it comes at a huge price and that is not spending any money to help grow the economy.  This is exactly what I have not wanted to do all my life. I always felt that it was my patriotic duty is to spend money and keep the economy going. I can no longer do that.

Finally the damage that Bill Clinton inflicted on the United States of American by expanding the CRA of 1977 http://files.ots.treas.gov/65203.pdf finally has had a personal effect on me.

In a nut shell, Just as Barack Obama, Nancy Pelosi, Harry Reid and Barney Franks are creating a country of “entitlement without responsibility” today, so did the creators of the expansion of the CRA in 1995 and put into law by Bill Clinton in 1997.

I have been on leave for awhile just sitting back and watching the new administration being formed for Barack Obama”s “New Way to do business in Washington.”

I have been watching him put a great number of former Clintonistas back into power including Hillary herself. Now Appointing Hillary is a pretty crafty way for Barack to achieve job security.  The best way for Barack Obama to keep Hillary from running against him in 2012 was to put her in his cabinet. Hillary is not qualified at all to be Secretary of of State. but Hillary’s appointment is a monkey off of Barack Obama’s back. By re-appointing a lot of the same people that contributed to the melt down of the economy during the Clinton era back into power  just shows how unqualified Barack Obama really is.  If Barack was really going to bring a “New Way of Doing Business In Washington” he would have never brought back anyone that only knows how to run Washington the “OLD WAY.”

Barack Obama has one huge problem on his hands…. no not the economy.. Nancy Pelosi.  Out of the “DUMB BOX OF HAMMERS” ( Harry Reid, Barney Franks, Nancy Pelosi et al.) Nancy Pelosi seems to be the dumbest and the most incendiary dumb hammer in the box.

Here is why I say that.  Barack Obama says he wants to “Reach across the aisle” to the Republican Party to work with them. In the meantime Nancy Pelosi is starting her own private Nuclear War with the Republicans. http://www.foxnews.com/politics/2009/01/18/pelosi-open-prosecution-bush-administration-officials/

Now Nancy Pelosi is butting heads with Barack Obama… or will Barack Obama turn against the Republicans like a rabid junk yard dog and then absolutely nothing will get done for the next 4 years.

I find it so odd that Nancy Pelosi would attempt to bring criminal charges against the Republican party and not her own Democratic Party Members that were in office in 1997 when the mandates to systematically destroy the economy were put into place.

On this page you will find what exactly Bill Clinton Mandated. He put for that institutions shall be examined and rated.  “and institute more effective sanctions against institutions with consistently poor performance.” This means that if loan organizations did not write enough loans to low income and unqualified people, the institutions would be penalized.

http://bulk.resource.org/gpo.gov/register/2005/2005_10024.pdf

POINTS ASSIGNED FOR PERFORMANCE UNDER LENDING, INVESTMENT AND SERVICE TESTS  http://bulk.resource.org/gpo.gov/register/2005/2005_10025.pdf

Lending Service Investment

Outstanding …………………………………………………………………………………………………………………………… 12 6 6

High Satisfactory ……………………………………………………………………………………………………………………. 9 4 4

Low Satisfactory ……………………………………………………………………………………………………………………. 6 3 3

Needs to Improve ………………………………………………………………………………………………………………….. 3 1 1

Substantial Noncompliance ……………………………………………………………………………………………………… 0 0 0

http://bulk.resource.org/gpo.gov/register/2005/2005_10024.pdf

“Community and consumer groups also have criticized the agencies for failing aggressively to penalize banks and thrifts for poor performance.

Noting that the CRA examination process could be improved, President Clinton requested in July 1993 that the Federal financial supervisory agencies reform the CRA regulatory system. The President asked the agencies to consult with the banking and thrift industries, Congressional leaders, and leaders of community-based organizations across the country to develop new CRA regulations and examination procedures that ‘‘replace paperwork and uncertainty with greater performance, clarity, and objectivity.’’ Specifically, the President asked the agencies to refocus the CRA examination system on more objective, performance-based assessment standards that minimize compliance burden while stimulating improved performance. He also asked the agencies to develop a well-trained corps of examiners who would specialize in CRA examinations. The President requested that the agencies promote consistency and evenhandedness, improve CRA performance evaluations, and institute more effective sanctions against institutions with consistently poor performance.”

http://bulk.resource.org/gpo.gov/register/2005/2005_10026.pdf

http://bulk.resource.org/gpo.gov/register/2005/2005_10027.pdf

OK so now you are asking why I will not let this go. Here is the reason.  I believe that Bill Clinton instituted  the biggest crime against the economy by mandating the 1997 CRA reform act. He pitted the performance of the number of loans serviced in this country against the quality of the loans thus mandating that the institutions write a huge number of loans whether the loans had proper documentation or using creative, often corrupt loan instruments to people that could not qualify or ever pay back the monies owed on the mortgage, credit card or what ever type of credit program that the loan applicant had applied for.

I find it very offensive that the public view George W. Bush as the worst president ever.  Ok so he was not the best.  But he was not the cornerstone of our now failed economy.

To me, I would have thought that giving todays state of the economy that the following video (not from Fox News Network) would have been the death nail of the Democratic Party representitives that are in office now and at least for the next two years until elections in 2010. This shows the total disregard for the wishes of the American People as these legislators have put their own agenda ahead of what was really necessary for the good of the people of the United States of America.

The award of worst president ever would go to Bill Clinton’s and his adminstration (Barney Franks et al.) for setting up the mandates for greed that eventually took a toll on the stability and the currant collapse of the US Economy that we have today.  And when the Bush adminstration called to light the impending disaster in 1993 the Clinton Adminstration (Yes the same people that are in office now.) repeatedly argued that there was no problem with Freddie Mac or Fannie Mae. I will never forget or forgive Bill Clinton and his adminstration for this disastrous decision. And what makes matters worse is that this fact was completely pushed under the carpet by everyone and the story has not been revealed to the public in any depth except by one or two stories on Fox New Network.

My point is that the people of this country have elected the political party of entitlement.  We are seeing this in the way that Barack Obama is spending money.  In addition instead of telling people that things will get better he is telling people things are going to get a lot worse.  We know that is true.  But why be so pessimistic and drive people to be so dependent on big government.

If this is any indicator of what we have in store for the future it will never get better again for a long time.  In one of my earlier blogs I mentioned Rod Blagojevich who is in Barack Obama’s posse of corrupt Chicago politics. What I see in the future is that Barack Obama may…I stress may get involved with “Pay to Play” for the huge government contracts for infrastructure improvement. Maybe that will be Barack Obama’s Achilles heel.  Time will tell.

OK on to my next topic.  Jobs.   Barack Obama says he is going to create 3 million new jobs.  My question is jobs for who?  If Barack Obama had said I’m going to create 3 millions jobs for American Citizens and not for illegal immigrants, I would be happy.  But Barack Obama is not making any provisions like that. So now Barack Obama has turned the green light back on for an explosion of Illegal Immigrants from all over the world especially from south of the border.

OK so we all know that the Unions of this country by and large helped put Barack Obama into power.  If Barack Obama empowers unions to get established in more occupations, thus increasing costs of business operation, we will see even more jobs go overseas.

Finally, I want to ask Barack Obama how he is going to pay for the trillions of dollars of entitlement bestowed on the citizens of the United States.  He is spending money that does not exist so it has to be printed.  Ok so now my dollar will be worth .. oh say .. $0.20. Wow just like any other third world nation. How about that?

Who is going to pay back the trillions of dollars you are spending Barack Obama?  The only real source there is are the Baby Boomers.  And they will be fading to black soon.  So who will pay that back and at what rate?  60% Income tax for what is left of the middle class and 80% for 1% of the wealthy that are left in the US?

Thank you Bill Clinton, Barack Obama, Nancy Pelosi, Barney Franks and Harry Reid for bringing us the next 8 years (Barack Obama will rig it so he gets elected to a second term) of economic and social hell.

STMARIE



Advertisements
 

3 Responses to “William J. “Bubba” Clinton and the Economic Democratic Disaster of 2007 through 2012”

  1. Jeff Baker Says:

    STMARIE,

    I certainly appreciate your GREAT and INFORMATIVE writing. I am a Conservative and love to listen to Rush Limbaugh. When I get a chance I like to search on the internet to get more information (DIRT) on the Liberals. It is really hard for me to find good websites to get HARD HITTING DIRT on the Democrats. I would certainly like to read more of you articles in the future.

    Take Care,
    Jeff Baker

  2. stmarie Says:

    Hi Jeff,

    Thank you for the comments. My goal here is not to change anybody’s mind as I would rather get people to do their own research on the candidates they are voting for and not just watch the campaign commercials. My cousin sent me the first video called “Burning down the house” which is on my very first blog.

    https://stmarie.wordpress.com/2008/09/29/everyday-we-learn-more-about-the-community-reinvestment-act-of-1977/

    Before receiving this video I, like an overwhelming number of Americans especially the young ones. did not know a thing about Jimmy Carter’s Community Reinvestment Act of 1977 and the subsequent expansion of the CRE by Bill Clinton in 1997. As I did my research I needed a concrete government document on what that really was. And I found it at

    http://bulk.resource.org/gpo.gov/register/2005/2005_10024.pdf
    and http://bulk.resource.org/gpo.gov/register/2005/2005_10025.pdf
    The writing was on the wall as to how we got here today.

    Think of the economy as a burned out house. We know that things burned in the house. Couches (Banks), Tables (Loan Industry), Chairs (Real Estate market), Beds (Loan industry), But where was the ignition point that started the fire? I wholly believe that Bill Clinton’s mandate for banks to make it easier for poor people to get loans was the spark and the fuel to start the fire (Economic meltdown.)

    I just wish more people would realize this. The sad part is we have a lot of the same people now in office that believe in a “Land of Entitlement.”

    So this train wreck will continue as long as Democrats are in control.

    ST


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s