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May 28, 2015

Hillary: We Democrats Inherit Republican-Caused Messes

During a campaign stop in South Carolina, Democrat presidential candidate Hillary Clinton made the case for sending her to the White House in 2017 by blaming Republican presidents for America’s economic hardships. “We have come through some really tough economic times,” she lamented before exonerating her own party from any wrongdoing. “I will say that there does seem to be a pattern. Democratic presidents — and there’s two in particular I’m thinking about — over the last 35 years seem to inherit a mess of problems. Have you noticed that? So then they have to dig us out of the ditches they find themselves in and put us back on the right track. And of course, I’m talking about Bill Clinton and Barack Obama.” She added, “Are we going to hand over our country once again to the people and policies that crashed our economy before and that will shred the progress that we’ve made?”

For the record, as Mark Alexander documented last year, Bill Clinton seeded the 2008 economic collapse by applying affirmative action to the lending industry. On 20 November 1994, Clinton signed the United Nations International Convention on the Elimination of All Forms of Racial Discrimination. Article V(e)(iii) of that treaty asserts that all people have a “right” to housing. A year later, he signed legislation making it easier for minority constituents with bad credit to obtain mortgages. His Treasury Secretary, Robert Rubin, rewrote the lending rules for the ill-conceived Community Reinvestment Act (which had been signed into law by none other than Jimmy Carter), opening the Fannie Mae (Federal National Mortgage Association) and Freddie Mac (Federal Home Loan Mortgage Corporation) subprime floodgates. There are numerous reasons to keep Hillary out of the White House, but her husband’s failed policies rank near the top.

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