So the crisis began under Jimmy Carter, the 2nd worst president in US history, next to Clinton. Carter engendered the Community Redevelopment Act, a well-intended law designed to encourage minority homeownership. Democrats have good ideas, as they are idealists. However they rarely look beyond their noses, and then play “Who’s on first”, when the cake hits the fan. So Carter got it started, then Clinton entered stage “left”, pardon the pun.
Now I won’t give Clinton all the blame since it was two Republicans who sponsored this bill. The Gramm-Leach-Bliley Act, enacted November 12, 1999, is an Act of the United States Congress which repealed part of the Glass-Steagall Act of 1933, opening up competition among banks, securities companies and insurance companies. The Glass-Steagall Act prohibited a bank from offering investment, commercial banking, and insurance services. Clinton should have vetoed this bill, and he knows it.
He knows what the truth can do to his legacy, or what legacy he believes he as. So in an effort not to torpedo his legacy, Clinton actually “Obamaed” his party, throwing them under the proverbial bus [Hey Grandma and Reverend Wright, it’s Barack!].
In a statement to ABC’s Chris Cuomo, Clinton said that Democrats for years have been “…resisting any efforts by Republicans in the Congress or by me when I was President to put some standards and tighten up a little on Fannie Mae and Freddie Mac.”
Obama and his advisors have released their ’09 Jobs Plan, in a bold and pre-emptive move, and I was privy to the advanced report. Please review the video posted, as the report is a testament to Obama’s and his staff’s bold new ideas for America.
Be sure to know where to go to get your next job under President Obama.
© 2008 Kevin Jackson – The Black Sphere All Rights Reserved
6 comments:
Did u produce that video? It's a hoot-n-holla as we like to say here in Texas!! jk, I'm in the sista state!
Dear Kevin,
Just wanted to write a short note to you and let you know how happy I am that I found your blog. I found you through the conservative black woman’s blog. I found her through her podcast on iTunes. I was thrilled to find her as well. She and I have had a few emails back and forth as well as an enjoyable phone conversation.
Since the day I first read your blog, I intended to write to you. I think you’re writing style is superb and your dry wit… All I can say is, I was reading the blog about “the intervention” and I practically had tears running down my face I was laughing so hard. BECAUSE I COULD RELATE! You were dead-on! My absolute favorite part, was when you said your cousin must have a secret, button he pushes to make the gas light come on. Oh my God… I had to read it to my one, lone, newly converted, republican black friend. She too was raised a hardcore democrat. Her conversion came shortly after the day she had the misfortune of stopping by my house and catching me on my soapbox ranting about something I’d heard on the news.
I have felt so particularly alone this entire year. And it is incredible to me, that I seem to be losing all my friends over Barack Obama. These democrats have gone off the deep end. I have never seen anything like it. I’ve been conservative for probably the last 15 years. Raised a hardcore democrat, and having slowly come to the realization that I’m not the one that’s crazy, there are many things that the democratic party believes that are detrimental and ass-backwards to what we’re trying to accomplish as individuals, and as a race. It is so refreshing to read something written by other highly intelligent black people (yes, I stopped evolving at “black. ” I can barely find Africa on a map. Who is in charge of the constant negro name changing, anyway?)
So, I just want to say thank you for what you do. Reading your work gives me strength to keep doing what I need to do, in the way that’s best for me. Damn it’s hard out here for a black conservative!
I humbly invite you to take a peek at my blog… It would be an honor to have someone of your caliber critique what I’ve written if you feel so inclined. It’s not much yet, I just started a couple of weeks ago.
ifIamtrulyfree.blogspot.com
Thanks again,
Donna
(enigmaticpro)
mmaine
Love the video!
Thanks for posting Kevin, AKA theblacksphere.
keltin
Great vid. Thanks for the post and the shout.
egb616
Awesome digg, thanks for sharing
thoughtsonthis
Don't laugh, folks!
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