Obama Administration Appoints Socialist To Initiate Another Financial Crisis In America

http://theulstermanreport.com/2013/12/12/obama-administration-appoints-socialist-to-initiate-another-financial-crisis-in-america/

Obama Administration Appoints Socialist To Initiate Another Financial Crisis In America

by Ulsterman on December 12, 2013 with 3 Comments in News

On the campaign trail, Barack Obama often explained away his administration’s first term failures as being casualties of the “Great Recession”. That economic troubles were so severe that recovery would take much longer than originally anticipated. It was another manifestation of the “Blame Bush” mantra that both he, and the media, were allowed to parrot over and over again. Well, it now appears Mr. Obama is initiating another housing crisis that could very well crash the economy AGAIN. Makes one wonder if maybe, just maybe, there’s a bit of disappointment inside the Obama White House that the “Great Recession” wasn’t bad enough, and left a little too much free market around. What else can explain what this administration is now doing, once again, under the guise of “helping the little people.”



This is Mel Watt, one of the architects of the most recent housing bubble and subsequent “Great Recession”. Barack Obama just put him in charge of Fannie and Freddie Mac to ensure a second, perhaps even greater housing bubble that will demolish free market capitalism in America once and for all.

http://dwulsterman.com

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Check out this recently published blurb on how Mr. Watt’s hands were all over the most recent housing bubble crisis in America:
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The North Carolina congressman is a consistent, long-time supporter of affordable-housing quotas. He joined Barney Frank in 2003 to block the Bush administration’s attempt that year to increase government oversight of Fannie and Freddie.

In 2002, Watt teamed up with Freddie Mac and Fannie Mae, Bank of America, BB&T, and UJAMMA Inc., to announce Pathways to Homeownership, a pilot initiative designed to give home loans to welfare recipients . . .

In 2007, a full year after the real estate market peaked and began to plummet under the weight of millions of mortgage defaults, Watt and Frank co-sponsored a bill forcing Fannie and Freddie to meet even higher quotas for affordable lending. LINK

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Most of my readers already know the fact that the Bush administration and congressional Republicans as far back as 2002 were sounding the alarm that government backed loan programs had become far too lenient and was creating a rising tide of illegitimate loan originations throughout the housing industry. These warnings were actually called racist by defenders of the easy money policies by Democrats like Barney Frank and Sheila Jackson Lee. And then when those same policies created the disaster later called the Great Recession, these very same Democrats, and the Mainstream Media, blamed George Bush and the Republicans.

Oh, and Mel Watt is also a socialist. Thought you might want to know that as well. LINK

It appears quite clear the Obama administration is hoping to create financial crisis Part Two, because the last crisis was not deadly enough to the U.S. economy. It left too many small businesses who tend to lean conservative, too many large businesses still unwilling to fully comply with centralized federal authority, and too many Main Street Americans who remain convinced Big Government socialism is something to be defeated, not embraced.

In the minds of socialist progressives like Barack Obama and other leaders of the Democratic Party, such people must be silenced.

For good. -UM

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Per Reader Suggestion…

Had a post yesterday that made me realize I should quickly outline the order my books should be read in. As I told them yesterday, it is something I should have done sooner – been so busy with the writing I neglected to explain the order of the stories! I included the links to the collection offerings of some of the books as that gives the reader a cost savings over downloading each title individually. So here goes…

The order the books should be read in are as follows: Dominatus, Tumultus, Mac Walker’s Benghazi, and Mac Walker’s Betrayal. A new series was then made available titled, The Second Oldest Profession, and the next in line to be published is Bennington P.I.

**DOMINATUS: LINK

**TUMULTUS: LINK

**MAC WALKER’S BENGHAZI (COLLECTION): LINK

**MAC WALKER’S BETRAYAL (COLLECTION): LINK

**THE SECOND OLDEST PROFESSION (COLLECTION): LINK

And then coming soon in 2014 is FRANK BENNINGTON P.I. “Bonita”

The character of Frank Bennington was first introduced in THE SECOND OLDEST PROFESSION, and will continue on with his own series of stories in the coming months.

Hope life finds you all happy and well, and ready for a great Christmas celebration. -UM

COMING SOON IN 2014!

“Ivanka might have been pushing up on sixty, but her body remained a tightly wound weapon inside that dress, and I didn’t see mileage on her face, but rather saw experience. The kind of experience that pays dividends in the bedroom, and that ain’t just talk – that’s a fact. The kind of experience that could even teach a guy like me a thing or two, and I’m not so old yet I don’t love learning something new.

Real men know what I’m talking about. Seems like society today is filled withpeople pretending to be something they’re not – namely young. I say appreciate the time you have on the odometer, man. Take pride in having more than a little been there and done that in you, right?” -FRANK BENNINGTON