I was apprehensive, but spoke openly how Barack Obama could possibly be the greatest African-American person, for his achievement to be elected president.
I have heard many things regarding his accomplishments while in office. The first being that he inherited the worst economy since the great depression. Unfortunately, the cause of the economic downturn has been completely distorted, suggested it was the result of Bush-era policies. This is false! The economic downturn was a direct result of liberal democratic policy, from a super majority controlled Senate, during the last two years of Bush’s term in office. Barney Frank and Chris Dodd proposed legislation that was passed forcing the banking industry to adopt regulations, under the guise of anti-discrimination laws, forcing the banks to write mortgages, abandoning the practice of income verification.
Frank can be quoted as stating that homeownership is a “right” and to deny a mortgage based on income verification was discriminatory. Subsequently as standard operating procedure, mortgage ‘securities’ that are commonly used as financial instruments and traded in the stock exchange were written. Many of these financial documents are not only traded, but often leveraged (marked up) for many times their face value.
When the people who were given these mortgages naturally defaulted, because they could not make their payments partially due to their incomes not being verified, these securities written against them became valueless. Since so many of these people ran to the banks to take advantage of these new regulations, there were literally hundreds of thousands of these worthless securities amounting to billions, on the trading floor at one time.
Additionally, legislation passed during the Clinton administration, de-regulating the banking and insurance industry, allowing insurance companies to perform banking activities and banking companies to offer leasing and insurance products, only served to exacerbate the situation.
So in fact it was a direct result of democrats that caused the financial and insurance collapse that President Obama supposedly “inherited.”
Even though Obama appointed two liberal supreme court justices, they still found many of his executive orders unconstitutional. So in fact, rather than being a great, leader Obama allowed himself to be used as a pawn to further an agenda to those much richer and more powerful than he, for example George Soros and Warren Buffett, both men who lovingly embrace a socialist ideal.
The implementation of the socialist designed health care tax, was just another confirmation of his allegiance to these treasonists, along with the intentional appointments of the two successive racist, and corrupt attorney Generals. Thankfully, his entire legacy will be erased from history, a legacy that in reality was never his to begin with. It was an intentional attempt to subvert the very fabric of our freedoms by bastardizing the constitution, leveraging our concerns for the equality of all men against us.
With the election of Donald Trump, a lesson needs to be learned from the Obama Presidency, that no matter how many players are put in place to destroy the fabric of the American way of life; the common man can come out of the shadows to keep freedom alive and out vote those who have been bribed by the lure of entitlements, and brainwashed to believe that a socialist society can survive in a constitution based government.