Political Honesty An Oxy-Moron

It is fair to say that politicians are driven by self interests just as the average human is. They are technically still a part of the same race. Unfortunately many politicians have learned political maneuvers to save there own hide thus we see the same politicians from year to year making the same mistakes saying the same lies. This section will help expose the lies and the politicians behind them.

#1: The Housing Crisis Was Created By George W. Bush

Many of us have never heard of the CRA or Community Reinvestment Act of 1977, but we should. It was created by Congress in 1977 under Carter as a result of national grassroots pressure from groups like ACORN and others to get low income families into their own homes. It was intended to loosen restrictions by lenders and encouraged them to "meet the credit needs of the communities in which they operate including low- and moderate-income neighborhoods". In essence the banking and lending institutions were forced to find creative ways to circumvent common lending practices to make credit available to "All Americans". What the mainstream media fails to mention is that the CRA Act of 1977, came under intense scrutiny during George Bush's time in office. President Bush saw the implications that lending to low income and poor credit buyers had, and wanted a complete overhaul of Freddie Mac and Fannie Mae. These actions were blocked by Congress, and most importantly Barney Frank (D), and Chris Dodd (D). Do they sound familiar. These men have come to the forefront in our current economic crisis. Follow the link for more info on the CRA Act of 1977.

Community Reinvestment Act of 1977