Tag Archive: CRA


He’s much more responsible for the economy for his actions before he was president. Democrats and Community Reinvestment Act backers are completely at fault here.

Advertisements

Her basic premise is just wrong. Incomes have not been stagnant in the period she claims it has been – and her claim that income-to-debt levels has doubled is only technically true: falling income rates have meant that income to debt servicing levels have remained the same, even while debt has soared. And much of the reason why debt has soared has to do with the real estate bubble explicitly created by Democrats practicing the class warfare that she espouses.