by Big Dog on Apr 25, 2016 at 11:15 2016 Election
Bernie Sanders is running a radio spot in Maryland where he talks about the big banks. He claims those banks are responsible (their irresponsible polices and lending practices) for the economic downturn in 2008, the worst since the Great Depression. He says they were deemed too big to fail so they received taxpayer bailouts and now many of them are even bigger than they were when they were too big to fail.
Bernie vows that he will break up the banks and he will make them follow the rules and ensure they pay their fair share.
Bernie is spewing the old Democrat line about the banks causing the problem. The real reason we had an economic collapse is that Democrats, like Bernie, forced banks to give mortgages to people who could not possibly pay them. He and others in his party forced the banks to lend the money and the banks bundled those loans and sold them. When all these unworthy debtors failed to pay the mortgages the banks were forced to give the system went belly-up. It statred with the Community Reinvestment Act under Jimmy Carter.
George Bush warned at least a dozen times that the system was in danger because of it but Democrat after Democrat testified that the system was sound.
Then in 2008 it collapsed and the Democrats started blaming the banks. Those banks, by the way, were forced to take bailouts. Yes, the government forced banks to take the money whether they needed it or not.
People like Sanders are telling lies and playing the typical Wall Street and banks are bad game to gin up voters. Bernie is pushing even more spending that we can’t afford (free college blah, blah) and that will result in another economic time bomb.
The system is falling apart because of liberal/progressive/socialist policies that Bernie is all too happy to push.
We do not need this joker running the country.
We also do not need Monica Lewinsky’s ex boyfriend’s wife running it either.
Both of them are part of the problem. They are the reason we had a collapse, no matter what lies they tell.
So ignore Bernie and what’s her name and vote for someone who can clean up the mess created by liberals.
Never surrender, never submit.
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