That Flushing Sound is Our Economy

For what Bill Clinton has done to this country there will be a special place in hell. Still, until Bubba actually comes face to face with the grim reaper perhaps we should consider placing the blame for this economic meltdown directly where it belongs, precisely at the feet of one Arkansas huckster who carnival barked his way into the white house.

It was Bill Clinton’s, “HUD” director who instituted zero down, zero documentation and zero accountability policies directly responsible for the majority of the default loans to come. By the way, while Clintonista, “Phillip Winn” was setting in place the policies that would later destroy this countries economy he still found time to steal 500,000 apartment complexes worth 59 billion dollars and funnel those properties to, “Aimco” corporation. Funny, Aimco just happened to be controlled by friends of Winn’s.

Well, of course Winn was prosecuted and sentenced to a lengthy prison term. But, not so fast, bubba came to the rescue with one of his patented fill in your name, presidential pardons.

But, “HUD” itself couldn’t destroy the American economy, they needed help. Enter Fannie Mae and Freddie Mac. HUD needed a bankroll to bankroll this, “everyone gets a house” social engineering. With taxpayer backing and Clinton holdovers, Fannie and Freddie were the deep pockets that could deliver the American dream, even if they couldn’t afford it.

In 2004 Fannie Mae’s Chief executive; “Franklin D. Raines” was personally fined $20 million dollars for misstating the company’s earnings. Mr. Raines formerly served as Clinton’s financial adviser. He currently serves as an adviser for the messiah, Barack Yo Mama. Interesting huh?

Since 1990, Freddie Mac has contributed more than $9.7 million to federal campaigns. Fannie Mae's political action committee chalked up more than $2.9 million since 2004, according to the Center for Responsive Politics. Together, they spent some $7.4 million in lobbying in the first six months of 2008 alone. James Johnson, chairman and CEO of Fannie Mae from 1991 to 1998, is a Democratic insider who chaired Walter Mondale's presidential campaign. Over the last decade, Fannie and Freddie together hired nearly every lobby shop in Washington – so many that opponents complained that they had trouble finding someone to represent their interests.

Since 2004 those interested enough to know realized the end was near. Fannie and Freddie even began to hide their financial woes by not publishing a yearly budget report causing the New York stock exchange to threaten them with expulsion.

So, thanks to Bill Clinton and his buddies the first dominoes have begun to fall and if this meltdown can be averted it is only a temporary halt. What eventually happens will be biblical and will change America forever. At the root of our demise, the new deal, the great society and William Jefferson Clinton, may he burn in hell.

Conservative Springfield 15 SEP 08