The Housing Mess That Dems Created, Part III

The media are blaming Bush for the housing mess.
The real culprits are:

1) Jimmy Carter and his 1977 Democratic Congress
(who crafted the 1977 Community Reinvestment Act, just another name for Socialist Housing).

2) Bill Clinton and his 1993 Democratic Congress, who REALLY screwed the pooch!

Both Administrations pressed a Socialist Housing Agenda based on demonstrably
false assertions of racial discrimination in mortgage lending (aka “redlining”).

This 1996 study concludes:

“most, if not all, statistical evidence of racial redlining based on aggregate loan data is at best inconclusive, and more likely, misleading.”

The DISASTROUS results of yet ANOTHER race based Democrat “feel good” program are summarized in the following link (and more fully described in the associated IBD Editorial).

As always, the very people the Dems purported to help have been harmed the most. Yet, our utterly dishonest media, as always, blame the “fat cats” and let the Dems skip free.

Click the image & read the rest:

Click here to read the primary post on this topic
(and all the rest).