I will remind you that the deficit for April, was 20.9 billion dollars, in contrast to a Bush surplus of 159.3 billion dollars in the same month of last year... Obama deficit will rise to 1.84 Trillion in current fiscal year! Image: Only Democrats will work in US?
Minority GOP tried to stop "Dem's" lending practices... VIDEO: VIEW
Today, Obama says that he inherited this "crisis", while his team's unanimous spending votes, discourage business; & quadruple our Nat'l deficit! read.
VIDEO: Gateway: VIEW.
READ: Big Labor’s investment in Obama pays off -Michelle Malkin #
"The laid-off workers are collateral damage in Big Labor’s pursuit of power. The only jobs guaranteed by SEIU’s merger with Hope and Change Inc. belong to the brass."
Just as Dem's planned... The only one who inherited this MASS-infusion of debt, is the American Tax-payer that played by the rules!! And I find it insulting when Democrats say that we must invest in America; when what they really mean is, "re-invest" & "re-invest" by triple taxation; without return!
Obama and his team began this venture of dominating the markets, long before they interfered with the normal bankruptcy process of failing private industry...
Obama Sued Citibank Under CRA to Force it to Make Bad Loans: read.
This was standard practice, which led to the spread systemic risk
Buycks-Roberson v. Citibank Fed. Sav. Bank Fair Housing/Lending/Insurance
Docket / Court 94 C 4094 ( N.D. Ill. ) FH-IL-0011
State/Territory Illinois
Case Summary
Plaintiffs filed their class action lawsuit on July 6, 1994, alleging that Citibank had engaged in redlining practices in the Chicago metropolitan area in violation of the Equal Credit Opportunity Act (ECOA), 15 U.S.C. 1691; the Fair Housing Act, 42 U.S.C. 3601-3619; the Thirteenth Amendment to the U.S. Constitution; and 42 U.S.C. 1981, 1982. Plaintiffs alleged that the Defendant-bank rejected loan applications of minority applicants while approving loan applications filed by white applicants with similar financial characteristics and credit histories. Plaintiffs sought injunctiverelief, actual damages, and punitive damages.
U.S. District Court Judge Ruben Castillo certified the Plaintiffs’ suit as a class action on June 30, 1995. Buycks-Roberson v. Citibank Fed. Sav. Bank, 162 F.R.D. 322 (N.D. Ill. 1995). Also on June 30, Judge Castillo granted Plaintiffs’ motion to compel discovery of a sample of Defendant-bank’s loan application files. Buycks-Roberson v. Citibank Fed. Sav. Bank, 162 F.R.D. 338 (N.D. Ill. 1995).
The parties voluntarily dismissed the case on May 12, 1998, pursuant to a settlement agreement... (A Democrat Regime of attorneys, is no coincidence)
Finally, ending with CNBC's Rick Santelli "Rant of the Year" question whether Americans "really want to subsidize the losers' mortgages"
VIDEO BIG SCREEN: WATCH.
