New study confirms economy was destroyed by Democrat policies

◼ A new study from the widely respected National Bureau of Economic Research released this week has confirmed beyond question that the left's race-baiting attacks on the housing market (the Community Reinvestment Act--enacted under Carter, made shockingly more aggressive under Clinton) is directly responsible for imploding the housing market and destroying the economy. - examiner.com

The study painstakingly sorted through failed home loans that caused the housing market collapse and identified an overwhelming connection between them and CRA mortgages.

...Obama himself is even on the record personally helping sue one lender (Citibank) into lowering its lending standards to include people from extremely poor and unstable areas, which even one of the left's favorite blatantly partisan "fact-checkers," Snopes, admits (while pretending to 'set the record straight').

-Even The New York Times admitted that there is "little evidence" of any connection between the "Republican" deregulation measures Obama blames, like the Gramm-Bleach-Liley Act (signed into law by a Democrat), and the collapse of the housing market.

But non-Fox media have spent years deliberately and relentlessly inoculating people against the facts, training them to mindlessly blame Bush for being in charge when Democrat policies destroyed the economy. So here we sit, to this day, still watching Obama excuse and shrug off endless economic failures, illegal government takeovers and utter national bankruptcy with zero accountability.

Barney Frank Cashes Out - America loses its poster boy for term limits.

◼ Barney Frank Cashes Out - America loses its poster boy for term limits. - John Hayward/Human Events

Frank is also 71 years old, and his congressional career has allowed him to, shall we say, “amass” a sizable fortune. This was a good time to call it quits, especially as Democrat hopes of retaking the House in 2012 have grown dimmer.

It’s a predictable, if unfortunate, end to a career that included setting up the subprime bomb that nearly destroyed the U.S. economy. If you’re upset about the big bonuses paid to executives of the bailout-sucking Fannie Mae, remember that Frank was literally sleeping with a top Fannie Mae executive while he sat on the House Banking Committee. Frank lied repeatedly to protect the Fannie Mae racket from oversight, and the resulting cost to the American people was nearly incalculable.

And yet, it remains the official Democrat Party storyline that absolutely no one in government had anything to do with the subprime crisis. They don’t just finger the evil banks as 70% or 80% responsible. It’s essential to preserving their mythology that the corruption of characters like Barney Frank and Chris Dodd be completely obscured.

Barney Bails - 17th House Dem to Bolt

◼ Barney Frank not seeking re-election in 2012 - CNN

◼ Barney Frank – Politician Behind Financial Crisis – Will Not Seek Re-election - Jim Hoft/Gateway Pundit
Frank’s fingerprints were all over the 2008 financial crisis.
Last month Newt Gingrich suggested that prison would be a good place for Barney. (and Chris Dodd)
◼ Breaking: Barney Frank will not seek re-election
◼ BARNEY FRANK WILL RETIRE UPDATES: ‘Corrupt Creature of Washington Who Helped Usher in the Great Recession’; Maxine Waters to Become Top Dem on Banking Committee - The Other McCain
◼ Frank was among the Democrats who prevented scrutiny and reform of Fannie Mae and Freddie Mac when it could have prevented the economic collapse. Republicans at the time wanted more oversight and regulation of Fannie and Freddie. Frank and many of his fellow Democrats stood in the way. - Bryan Preston/PJTatler

Washington and the nation will be far better off without Barney Frank anywhere near political power.

◼ Why I Am Not Celebrating Barney Frank’s Resignation - Joel B. Pollak/Breitbart's Big Government

...his most damaging legacies–the housing crisis, the financial “reform” that bears his name, and the hyper-partisanship to which he eagerly contributed–outweigh Frank’s positive contributions. How unfortunate that his constituents did not eject him much sooner.