Liberal CNBC finally gets it right with the American Public!
It will be interesting to see if CNBC’s Rick Santelli maybe out of a job at the Liberal News Channel for hitting a nerve with the American public. See video here:
It was quickly followed by their online poll to see if his comments “that the US Government, or more aptly the Obama Administrations Stimulus Bill, was rewarding bad behavior by helping (aka taxpayers) those who were irresponsible with their money at the expense of those who were responsible (solvent mortgagees).
See results of online poll:
Then, in an attempt to circle the wagons around Obama and his “Socialist Spending Orgy Bill”, another Bill (Clinton) criticizes the Obama message as too gloomy and provides his own statesmanly advice to “spin” the economic stimulus message to this:
"I like the fact that he didn't come in and give us a bunch of happy talk. I'm glad he shot straight with us."
But he added, "I just want the American people to know that he's confident that we are gonna get out of this and he feels good about the long run."
He then goes on:
"I like trying to educate the American people about the dimensions and scope of this economic crisis," Clinton said. "I just would like him to end by saying that he is hopeful and completely convinced we're gonna come through this."
He added that though the economic problems are large, he expects the stimulus money to help.
"I think you will see some good economic news from the stimulus fairly soon," Clinton said. "I think you'll start to see people express gratitude for getting the unemployment benefits, the tax cuts and the food stamps. And you'll see the money flowing through the economy. Then I think you'll see every state be able to quantify how much better shape they're in, because of the education and health money."
So, Clinton thinks that the stimulus is good because of gratitude of social programs like unemployment benefits and food stamps and that States will be in better shape because of education and health money?
During the same interview the ex-Pres defended his record for the toxic mortgage mess as this:
But the former president defended his record on another front: He disputed the idea that his administration, by placing a special emphasis on the Community Reinvestment Act, pressured lenders too hard to make loans to low-income Americans trying to secure mortgages.
"What I have disputed is that the conservatives are saying that I pressured the banks too hard to make loans in the community," Clinton said. "The banks that took money from their depositors and turned around and loaned money to their depositors -- genuine community banks -- came through this financial crisis much better than those that were branches of big national banks [that] took money from their depositors and put 'em in these shaky securities investments."
He suggested the worst damage was done during the Bush years.
"The sub-prime mortgages that caused all these problems were basically those that were gathered up in 2004 to 2007," Clinton said.
So, Clinton (the lying liar) tries to push the “sub-prime mortgage mess into the time period of 2004-2007 (squarely in Bush’s column). Let us take a stroll down history lane and the man that Clinton appointed to run Fannie Mae (who in 2004 owned more than a quarter of all of the mortgages in the sub-prime market is the US) Franklin Raines. In December 2004, Raines was pushed out of his leadership spot at Fannie Mae after bilking the company and the taxpayers of million and millions in compensation for him and his board members by “cooking the books to appear more profitable than they were. See here:
Finally, the Democrats are in a “quagmire” of corruption (I love to use the term that the liberals so routinely used against Bush, against them). In another surprise with the liberal mainstream media (AP) has started to wake up and report the news: