History has rarely seen anything as surreal as former President
Clinton riding into Charlotte as a hero rescuing America and President
Obama from failed Republican economic policies.
Clinton was the architect of the financial crisis, yet he was able to use the Democratic National Convention to polish his phony credentials as economic genius.
He brazenly warned that GOP challengers Mitt Romney and Paul Ryan would wreck the economy by going back to "the same old policies that got us in trouble in the first place."
"They want to cut taxes for high-income Americans even more than President Bush did. They want to get rid of those pesky financial regulations designed to prevent another crash and prohibit federal bailouts."
This may be Clinton's biggest whopper yet. Truth is, it was his own reckless housing policies that wrecked the economy.
Compared to his plan to nationalize the health care system, his housing policy seemed a small and rather innocuous plank in his domestic agenda, and few paid it much mind. But under his National Homeownership Strategy, Clinton took more than 100 executive actions to pry bank lending windows wide open.
First, using his executive order powers, he marshaled 10 federal agencies under the little-known Interagency Task Force on Fair Lending to enforce new "flexible" mortgage underwriting guidelines to combat "lending discrimination in any form."
Read more: http://news.investors.com/print/ibd-editorials/090712-625087-clinton-wrecked-the-economy-not-republicans.aspx
Clinton was the architect of the financial crisis, yet he was able to use the Democratic National Convention to polish his phony credentials as economic genius.
He brazenly warned that GOP challengers Mitt Romney and Paul Ryan would wreck the economy by going back to "the same old policies that got us in trouble in the first place."
"They want to cut taxes for high-income Americans even more than President Bush did. They want to get rid of those pesky financial regulations designed to prevent another crash and prohibit federal bailouts."
This may be Clinton's biggest whopper yet. Truth is, it was his own reckless housing policies that wrecked the economy.
Compared to his plan to nationalize the health care system, his housing policy seemed a small and rather innocuous plank in his domestic agenda, and few paid it much mind. But under his National Homeownership Strategy, Clinton took more than 100 executive actions to pry bank lending windows wide open.
First, using his executive order powers, he marshaled 10 federal agencies under the little-known Interagency Task Force on Fair Lending to enforce new "flexible" mortgage underwriting guidelines to combat "lending discrimination in any form."
Read more: http://news.investors.com/print/ibd-editorials/090712-625087-clinton-wrecked-the-economy-not-republicans.aspx
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