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De Omnibus Dubitandum - Lux Veritas

Saturday, May 21, 2016

America Cannot Survive A Second Clinton Recession

By Dave Jolly May 20, 2016

If Hillary Clinton is elected, America seems destined for a second recession and I fear this one will be worse than the first one which we are still recovering from. Why do I say that? Because Hillary is saying that she will give her husband Bill a major role on economics.

Most everyone believes that Bill Clinton’s presidency led America into a time of economic growth and prosperity, but that’s all smoke and mirrors and a lack of understanding. Reportedly, a former Clinton aide told the media:.....To Read More.....

My Take - I do wish these writers read just a smattering of history.  This was Jimmy Carter's recession.  It was Carter who signed the Community Reinvestment Act (CRA) which created the housing bubble and the housing collapse.  Clinton and Bush both increased the total of CRA loans banks were required to extend to people the banks knew would never be able to pay back....but the only way banks could expand and grow was if the federal government gave them a good CRA rating, leading to the corruption by the banks to try and make these loans seem viable.  And it was Carter who undermined the Shah of Iran leading the world to a worldwide economic and geopolitical mess. 

Let's get this right.  It took 30 years for Carter's (the second dumbest President in the history of the nation) policies to screw up the world, but Obama (the nation's dumbest President) policies may well end up destroying the nation, and much of the rest of the world, within ten years.  Bet on it!

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