Why Does The Mainstrean American News Media Coverup For Democrats-liberals On The Financial Crisis?
With the U.S. economy-financial crisis lingering on why is the U.S. mainstream news media protecting-covering up the 2 of their prize pupils Pres. Carter and Pres Clinton?? and the Democratic party as a whole.??
Community Reinvestment Act of 1977-drafted by the Democratic controlled congress and signed into law by Carter. Congress required banks to offer loans to minorities in low-income areas, even if the clients can’t make down payments, don’t have excellent credit histories, or even employment histories.
AND Then in 1995, Bill Clinton, made changes to the Community Reinvestment Act, that forced an increase in the number of loans to these people and the aggregate dollar amounts loaned.– Larger loans to people with less income in areas where the collateral value would go down instead of up. (Clinton should have had his mind on the long range effects of this instead of Monica and a excellent cigar.)
WHY IS THE MEDIA SO HUSH HUSH ABOUT THESE FACTS??
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Well, apparently because the act you cite had nothing to do with the current economic crisis:
“The law also does not require institutions to make high-risk loans that may bring losses to the institution, instead the law emphasizes that an institution’s CRA activities should be undertaken in a safe and sound manner.”
Have any people upset by the financial crisis taken McCains & palins harsh talk as a reason to murder ?
are there any people that may be on the edge. that may be nervous and fearful and mad about losing your money.. that you want to refocus your rage on killing or hurting someone because you are stirred up politically ?
if so, there is help for you. please !!!!
do not do anything that is going to mess your life up.
please don’t thorw your life away.
its just politics. its a game. i know you are hurting. but don’t waste your life behind a poltical game.
Don’t worry… there is enough blame to go around. BOTH parties had plenty to do with the mess. The problems with the mortgage industry played a significant role, but it is NOT the only factor.
To answer your original question: that depends on wether you consider Fox News, Rush Limbaugh, Glenn Beck and Lou Dobbs part of the Mainstream media.
Also, urban residents tend to lean to the left while rural residents tend to lean to the right. That is why large media markets skew their coverage to the left. Don’t forget that the name of the game is ratings, not fairness.
The majority of reporters vote democratically. A study in the last decade found that 90% identify more with liberal issues.
A person may believe that they are reporting unbiased fact, but the truth is that we are all influenced by our own perspective. A person that considers a glas half full is no more incorrect than a person that considers it half empty- and no more capable of changing their perspective.
No one’s covering anything.
The Bushie people trashed the economy with their stupid Supply Side economics crap, and now are trying to find someone conveniently to blame.
It didn’t work for Hoover, and it won’t work for Bush.
Looks like you NeoCons are going to be out of power for a long long time again…..
They dont cover.They like his own Party dont want Mccain back i also see his senate seat up for grabs.He will most likely retire knowing hes going to lose the run for reelection .He would rather make it look like he wanted to retire than to get beat .
I guess they are hush on the facts because there is so much footage of republicans at the RNC convention in September pushing for more deregulation of the markets.http://www.youtube.com/watch?v=0ycPJr7YW…
Why don’t you go as far as to blame Lyndon Johnson and Harry S. Truman for our current financial crisis also.
Gosh the lack of logical thinking here amazes me.
They don’t cover for Dems. The Republicans and Bush are responsible for this mess. After 8 years, they have screwed everything up.
did you ever notice how Republicans always blame Bill Clinton for all of their mistakes?
This is the huge picture people read it or if you are for Obama have someone read it to you!
Why is it a surprise? They’re milking the government.
Simply to piss you off
They don’t. Get a life.
Because they are being paid off by the Obama camp.
You are not a Democrat my friend.
You would not know the answer.
Democrats throw us a bone once in awhile to keep us in check.
Since I will never get help with.
buying a house or car or property.
And you like it like this.
You are nothing without us to look down upon.
If the government didn’t throw us something once in awhile we would get more and more bitter until you could no longer control us.
Then Dick Fuld would have to go, Or we could make room for him.
Eighty families and myself would take over his mansion and we would live excellent for once. The French and Russian Revolutions happened because of people like you. You have not a clue what it is like to wish you had shoes because you keep banging your toes on things. The sandwich you found went to your wife and son. And some A$$ in a tie walks by and you want to jump up and beat the crap out of him. Why because he has no thought of what your life is like and he is taking your country farther and farther from the America you dream of where there is plenty of food and places to stay and you don’t have to steal napkins from McDonalds so you can wipe your butt… You just wouldn’t know we live in two different Americas. I despise republicans because they are selfish and won’t share their wealth. You despise us because you reckon we are bone idle and stupid. The farther you take your world from mine the closer we come to having problems.
I don’t work because I am not allowed to.
If I could work it would be hard to find a job I could stomach.
I could make bread and give it away. But if it required me to profit from someone I could not do it. I can not rob and steal like you. That is why you have money and I don’t… You are a heartless, evil republican and I will never get you to know how horrible you are.
You like to see others suffer. You want it all for you. How sick…
Mortgages are worked out per bank/building society in line with the persons salaries. They have to have been in employment for a certain period of time with the same company and take out insurance. The insurance companies should pay the persons mortgage should that person lose their job. I have heard thousands of tales from people who were given the run around by the mortgage and loan insurance companies who attempted to get out of paying up. When they did pay up they made the people jump through hoops. Insurance companies are less than responsible knowing that they are hard to complain about. Even banks have difficulty complaining about insurance companies. A lot of the people I spoke to had also gone through Independant Financial Advisors.
At the end of the day it isn’t lending policies which brought this crisis about. When people lose their job they look for another, in the interim they should feel confident the insurance will kick in until they find another job or two. If not, then why do insurance companies exist and if not they are really giving fake information to millions of people. And taking their money under fake pretences. Only the other day another case of a man in a car accident and the insurance company have pulled a quick one in an attempt to get out of paying up. Nobody seems to be able to take on the insurance companies, who’s CEO’s take huge commissions.