Mary Matalin, Liar

By
Monday, December 28, 2009 at 9:22 am

This wasn’t one of the big headlines from yesterday’s talk shows, but it’s fun to catch a lie in action. On CNN’s “State of the Union,” GOP strategist Mary Matalin said this:

We inherited a recession from President Clinton and we inherited the most tragic attack on our own soil in our nation’s history. And President Bush dealt with it. And within a year of his presidency at this comparable time, unemployment was at 5 percent. And we were creating jobs.

Not actually true! Leaving aside the claim that George W. Bush “inherited” the 9/11 terrorist attacks from Clinton, the unemployment rate in January 2001, when Bush took office, was 4.2 percent–a 0.2 point increase over December 2000, but not a recession number. The unemployment rate in December 2001, at the point in Bush’s presidency where Obama is now, was 5.8 percent, up 0.2 points from November. The unemployment rate did not actually hit 5 percent until May 2005. Unemployment never actually fell back to the Clinton-era rate during Bush’s presidency, coming closest in October 2006, when it hit 4.4 percent.

So, Mary Matalin is a liar. Expect to see her on TV again soon.

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67 Comments

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Tom
Comment posted December 28, 2009 @ 9:31 am

Are you kidding me? This country was on the verge of economic collapse after 9-11. and your comparing that time to Obama's time? Gimme a break. And, on top of that, you're splitting hairs. You shouldn't be writing for anyone.


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josephrusso
Comment posted December 28, 2009 @ 10:33 am

Dear Dave,
The rumors persist on Obama's citizenship. I have honest questions. When I was born in a hospital in 1937 they gave my mom a birth certificate. In those days many people gave birth at home. In those cases folks could bring a baby to the hospital and get a certificate of live birth. In other words a baby born in a taxi or someplace outside the hospital got a certificate of live birth. There was a difference between the two documents. Other hospitals claim there had to be a paper trail like prenatal doctor records to get a certificate of live birth.
Our constitution is more important than any president so how can we end this controversy once and for all? How can we really prove Pres. Obama was born in Hawaii besides a certificate of live birth and a newspaper announcement? When my son died I merely called the paper and gave them the obit. I didn't have to show a death certificate. Can you help us with this?


wolverstone
Comment posted December 28, 2009 @ 11:02 am

Tom,
You're right. There is no comparison between the recession that Bush inherited (4.2% unemployment) and Obama's (“the worst recession in 70 years” per Reuters: http://www.reuters.com/article/idUSN04320079200…). Another comparison: the unemployment rate in 1982 (a point in Reagan's first term LATER than Obama's peaked at 10.7% and averaged 9.7% — ftp://ftp.bls.gov/pub/suppl/empsit.cpseea1.txt). Maybe that would have been a more appropriate comparison for Mary Matalin to make.


Jeff Fecke
Comment posted December 28, 2009 @ 11:15 am

Yes –

You're an idiot. Go away.

You're welcome.


tominohio
Comment posted December 28, 2009 @ 12:01 pm

Joseph, prove your birth certificate is legitimate. We won't take the doctor's word for it. We won't take the hospital's word for it. We won't take your relatives' word for it. Prove your birth certificate is legitimate.


strangely_enough
Comment posted December 28, 2009 @ 12:37 pm

This country was on the verge of economic collapse after 9-11.

WIN! Silliest line of the day. And, it's early.


Tom
Comment posted December 28, 2009 @ 1:07 pm

You erroneously talk about “inherited” recessions. Congress passes the laws that have the most profound effect on the economy, not the President. It was the Democratic majority who caused the so-called “Bush recession”. I do not adhere to the notion that the state of the economy is always to be blamed on the President. I get sick and tired of hearing Obama cry about the mess he inherited from Bush, all the while spending us out of existence and into socialism. The United States is on the verge of going the way of the Soviet Union and people better wake up.


Tom
Comment posted December 28, 2009 @ 1:10 pm

Why is that a silly line?


LaLee
Comment posted December 28, 2009 @ 1:15 pm

“Why is that a silly line?”

Because on 9/11 2001 America still not in recession.

If anything Bush inherited SURPLUS from Clinton administration.

But hey if anyone want to believe Bush, whose departure from WH was celebrated with “Na Na Na Hey Good Bye” and a low approval rating, is better than Clinton, who still has high approval rating AFTER he's no longer POTUS, then that's fine with me.


LaLee
Comment posted December 28, 2009 @ 1:21 pm

Well Tom, the Iraq war, Gitmo debacle, TARP bailout ARE “inherited” from Bush administration.

As for “socialism,” what are you talking about?

Is it the Health Care Bill?

If so, then can you explain to me why countries with more expansive gov health care like Britain and Canada are not “going the way of the Soviet Union”?

Ignorant rhetoric like “death panels”, “creeping socialism” etc don't sway people to small government.


monkey99
Comment posted December 28, 2009 @ 1:48 pm

josephrusso,

The best thing to do would be to drop the whole birther affair. After a year of abject failure in regard to proving Obama as a foreigner, all the lawsuits thrown out of court, it would be apparent to any rational person (as you seem to be) that he IS an American, after all.
The whole “conspiracy theory” thing just supplies America with the best political humor. Not exactly the kind of thing one would want to engender, if they want to be taken seriously (I guess you could thank Orly Taitz's ranting and penchant for self-abuse for that).


AristotleTheHun
Comment posted December 28, 2009 @ 6:03 pm

Hey AKA Obama, I'll show you mine if you will show me yours.

http://thesteadydrip.blogspot.com/2009/12/just-…

Who Certified AKA Obama as “Natural Born”?

http://thesteadydrip.blogspot.com/2009/11/this-…

In 1961, the Public Health Services, U. S Department of Health, Education and Welfare, National Center for Health Statistics, National Vital Statistics Division published the “Vital Statistics of the United States

Here is a blank copy of the Standard Certificate of Live Birth. This is the information being hidden by Obama

http://thesteadydrip.blogspot.com/2009/07/blank…

Plus read the article that is included with the blank copy.

Do you really think AKA Obama would have won the election if all the things he is hiding were made known?

Do you really think AKA Obama will be able to finish his first term if all the things he is hiding are made known?

Can you pass the: Obama Eligibility Logic Test?

http://thesteadydrip.blogspot.com/2009/09/obama…


AristotleTheHun
Comment posted December 28, 2009 @ 6:11 pm

By 1999 Fannie Mae came under pressure from the Clinton administration to expand mortgage loans to low and moderate income borrowers. At the same time, institutions in the primary mortgage market pressed Fannie Mae to ease credit requirements on the mortgages it was willing to purchase, enabling them to make loans to subprime borrowers at interest rates higher than conventional loans. Everybody knows how the problem escalated from there.

embedded links at:
http://thesteadydrip.blogspot.com/2009/02/how-t…


AristotleTheHun
Comment posted December 28, 2009 @ 6:13 pm

By 1999 Fannie Mae came under pressure from the Clinton administration to expand mortgage loans to low and moderate income borrowers. At the same time, institutions in the primary mortgage market pressed Fannie Mae to ease credit requirements on the mortgages it was willing to purchase, enabling them to make loans to subprime borrowers at interest rates higher than conventional loans. Everybody knows how the problem escalated from there

Embedded links at:
http://thesteadydrip.blogspot.com/2009/02/how-t…


josephrusso
Comment posted December 28, 2009 @ 6:36 pm

Jeff,
Historians like to put up plaques at the exact spot where famous people are
born i.e. Lincoln's cabin, Washington's cottage (now an excavation site) You
are the idiot if you don't understand this.
Joe


josephrusso
Comment posted December 28, 2009 @ 6:37 pm

Who is Orly Taitz?


monkey99
Comment posted December 28, 2009 @ 7:09 pm

Precisely.

Matalin must think we are all pretty stupid, if she thinks enough time has passed to push that obvious gaff on us. Trouble is, only the most deluded Bush apologists will believe those patent lies.
I'm an Iraq war vet, and it was not a pretty sight to come home to, seeing fellow Americans being victimized by the Cheney White House (which it was, seeing how he oversaw practically everything that was going on there, which he is STILL defending), then having crackpots like Palin and Taitz regurgitating garbage, trying to re-form political debate, confusing everybody.

Personally, I think Matalin's hubby should slap her upside the head for this one.


wolverstone
Comment posted December 28, 2009 @ 7:17 pm

Tom,
Exactly what “Democratic [Congressionl] majority… [was it that] caused the so-called 'Bush recession'”? Republicans won a majority in each house of Congress in the elections of 1994 and controlled both houses until 2006, long after Clinton left office in January 2001.

You might want to get your facts straight before reaching your conclusions.


24WienersAheadDotCom
Comment posted December 28, 2009 @ 9:29 pm

2 questions:
1. Remind us again about the “OMG” moment that has been “just around the corner” since 2008.

2. Don't you and Bunny have some bullshitty vitamins and pseudo-psychological mumbo jumbo to pawn off on people somewhere?


AristotleTheHun
Comment posted December 28, 2009 @ 10:19 pm

The OMG article was published in April of 2009. It took about two years to get Nixon. AKA Obama's crimes are far mor obvious and serious than Nixon's crimes so it probably won't take as long.

http://thesteadydrip.blogspot.com/2009/04/aka-o…

Nixon's Watergate – Obama's Certifigate – Comparison

June 17, 1972: Five men, one of whom says he used to work for the CIA, are arrested at 2:30 a.m. trying to bug the offices of the Democratic National Committee at the Watergate hotel and office complex.

August 8, 1974: Richard Nixon becomes the first U.S. president to resign. Vice President Gerald R. Ford assumes the country's highest office. He will later pardon Nixon of all charges related to the Watergate case.
* * * * * * * * * * * * * *
Tuesday, June 16, 2008
Obama committed felony document fraud and posted a false identification document on the Internet.

Monday, March 30, 2009
Somethings coming – Something big! Obama's going down!
The Federal Grand Jury is the 4th Branch of Government -by Leo C. Donofrio, J.D.

Tuesday, April 21, 2009
AKA Obama Fans: All together now – say OMG!! published by Aristotle the Hun

July 20th, 2009 Media coverage on the eligibility issue goes nationwide amidst much scorn and ridicule.
~~~~~~~~~~~~~~~~~~~~

Nutrition research: http://www.landmarkstudy.com/
~~~~~~~~~~~~~~~~~~~~~

We have been in practice since 1968 without one formal complaint or one lawsuit. A forty year perfect track record.
~~~~~~~~~~~~~~~

My what a nasty person!

I can remember when liberals were nice people who were just wrong about most things. Now they are wrong and nasty.


ellid
Comment posted December 28, 2009 @ 10:32 pm

Historians do nothing of the sort. That would be under the purview of the National Park Service.

As for “Lincoln's cabin,” what is presented to the public as such is an early 20th century copy, as the real log cabin where President Lincoln was born was dismantled long before the Civil War. The “cottage” being excavated at Mount Vernon is actually the slave quarters. Washington's boyhood home, Ferry Farm, was an eight room stone house with a second story loft, two fireplaces, and artifacts indicating that the Washingtons lived like the landed gentry they were. Not only are you wrong about President Obama, you couldn't even be bothered to get your facts right about Presidents Washington and Lincoln

Idiot.


ellid
Comment posted December 28, 2009 @ 10:36 pm

Because on September 11, 2001, the unemployment rate was around 4%, the stock market was booming, and the economy was still enjoying the fruits of Clinton's economic policies, before the Bush-era tax cuts for the wealthy kicked in. The country was not even close to a recession, and the economy remained relatively healthy until the combined effects of two unwinnable wars, tax cuts for the wealthy, and eight years of letting Wall Street run amok finally caught up with us in 2008…which was during George W. Bush's presidency. Clinton may have been a rotten husband but he did just fine by the economy and the country.


ellid
Comment posted December 28, 2009 @ 10:38 pm

Sorry, but Mary Matalin and you are both wrong. The economy was doing just fine when Bill Clinton took office, and was still in decent shape in 2004. It took two full terms of Shrub and Cheney to make the mess we're in right now, and if Mary Matalin won't admit it, she's even stupider than I've always thought she was.


ellid
Comment posted December 28, 2009 @ 10:39 pm

Go back to your camp and let your Vandal wife poison you, you wretched excuse for a barbarian.


AristotleTheHun
Comment posted December 28, 2009 @ 11:36 pm

Hun, not Barbarian. Huns are immune to poison. We subcomb to kryptonite only. My wife is a Christian clergyperson, not a vandal.

So, we are not related to your tribe.


AristotleTheHun
Comment posted December 28, 2009 @ 11:40 pm

Larry Sinclair has an “Obama slept here” sign.


josephrusso
Comment posted December 29, 2009 @ 1:06 am

There are all kinds of historians. The Park Service are not the only ones
that commemorate places.I haven't said anything about President Obama right
or wrong. What the hell are you afraid of. I don't care If Obama is
president I do care about all the fuss made of this. Your right about
Lincoln's cabin but the spot is right on. And I've been to all the places
you mentioned including phony places where George Washinton never slept.
I'll give you or anyone else $10,000.00 to nail down the spot wher e Obama
was born be it a hospital room or a grass hut on the beach.
Joe


josephrusso
Comment posted December 29, 2009 @ 3:35 am

You don't sound like an objective student. I didn't say Washington”s boyhood
home was Mt. Vernon. However, there was an excavation grid at Ferry Farm by
an old burned out fire pit. I was in the slave quarters at Vernon and saw
the special graveyard for blacks. I didn't see any activity then, in 1997. I
saw Lincoln's cabin, albeit “refurbished” in 1950. Here is the point
son.There are people who just want to know. Was Columbus an Italian or a
Spaniard? Did Wm. Shakpere (no mis spell) born on Avon the real author of
all the Shakspeare works? Or was it Sir Francis Bacon, Sir Henry Neville or
both? Was Jesus divine? Or, did he escape death in order to perpetuate the
mystery? Where the hell was he for 18 years anyway? Who got to the actual
latitude/longitude of the north pole first? Perry, Byrd or some Inuit?
Nixon's birth-house is in Whittier, CA. that can be verified. Saw that too.
So far even the FBI can't say for sure about Obama but deductive logic says
he was born in Hawaii. Only where? Did Alexander Bell invent the
telephone…really? How many graves are there for Billy the Kid or Jesse
James for that matter? How many white boys died freeing slaves while
fighting for a Republican president? I went to Gettysburg, PA. We were
always taught one thing only to find out that wasn't right. Hell, most kids
today think Walt Whitman makes chocolates.


joshuaos
Comment posted December 29, 2009 @ 4:30 am

And Orly Taitz's dental office should have a plaque on one of it's dental chairs saying Orly boned Lincoln (Charles) here. :-)


Vern McKinley
Comment posted December 29, 2009 @ 5:55 am

She has the recession part right though as a recession started in March 2001.

http://www.nber.org/cycles/november2001/

Note that “Helicopter Ben” was on the committee then.

Can hardly say that Bush was responsible for the downturn that started two months into his term, so she is right that they inherited it.


smrstrauss
Comment posted December 29, 2009 @ 9:35 am

Congress can only pass a law if it is not vetoed by the president or if they have enough votes to pass it over his veto. That was not the case at the time. Bush repeatedly vetoed legislation that Congress passed.


ellid
Comment posted December 29, 2009 @ 9:38 am

You're out of your mind. There WAS no recession in 2001, or 2002 for that matter.


ellid
Comment posted December 29, 2009 @ 9:39 am

Didn't you drown in your own nosebleed around 1500 years ago?


ellid
Comment posted December 29, 2009 @ 9:41 am

Sorry, but wrong. Even if Larry the Liar had owned such a thing, prisoners aren't allowed anything that could be used as a weapon.


ellid
Comment posted December 29, 2009 @ 9:42 am

Leaving aside entirely your religious ravings and your poor education, there was an article in Newsweek recently about the Ferry Farm excavations. Go read that and then apologize.


ellid
Comment posted December 29, 2009 @ 9:47 am

1. “Historians” do not put plaques anywhere. Private groups, individuals with enough money, and the National Park Service do. Perhaps you should read “Lies Across America” by James Loewen for a better idea of what actually is entailed.

2. “Lincoln's cabin” is nowhere near the area where Lincoln was actually born. It was a tourist attraction and doesn't even look like a typical pioneer shelter of the early 19th century.

3. You clearly haven't been to either Washington or Lincoln's birthplace since you're wrong about both of them.

4. If the National Park Service or the state of Hawaii wants to put up a plaque at Kapiolani Medical Center, I'm sure they will in good time.


ellid
Comment posted December 29, 2009 @ 9:50 am

I'm not in favor of anyone being slapped upside the head by a spouse, including Mary Matalin, but she's 100% wrong on this one. America did just fine under Clinton, to the point where Newsweek had a cover story entitled “You've Never Had It So Good” that pointed out that in real terms, the average American was enjoying the sort of prosperity unheard of since late in Eisenhower's second term. Matalin is out of her mind to suggest otherwise.


ellid
Comment posted December 29, 2009 @ 9:51 am

Sorry, I meant “when Bill Clinton left office.” Dealing with birthers and Republican revisionists makes me somewhat crazy.


josephrusso
Comment posted December 29, 2009 @ 10:49 am

Sorry I missed that. You have to apologize for being insulting. You still
miss the point. Some controversies were solved, some still exist. I have a
B.A., M.A. in Ed. Psych. and an M.P.A. Again what are you afraid of? The
truth will set you free.


josephrusso
Comment posted December 29, 2009 @ 10:57 am

What are you some kind of better than thou elitist? It wouldn't be the first
time our country got something wrong. I began to question authority 60 years
ago. You think this is about Obama. How do you know the exact spot where
Lincoln was born? I am not a conspiracy nut or one of those birthers, I just
like real proof. Do you have any….


josephrusso
Comment posted December 29, 2009 @ 10:59 am

Who do you think some of these historians are if not private groups and
amateurs with money. Astronomers get a lot of verifiable data from amateur
star-gazers. You would behead people for asking.


josephrusso
Comment posted December 29, 2009 @ 11:25 am

….besides how do you know where I was standing and looking at 59 years
ago? Or what my education is? All disciplines have flaws. I can admit
mistakes, can you? People who make assumptions about folks make asses out of
themselves. You know what, I'm not going to respond to anything more from
this site. I will read Lies Across America because I am not afraid. The
truth is usually in the middle anyway. Thanks for missing the point Mr.
Detail and thanks for not helping.


24WienersAheadDotCom
Comment posted December 29, 2009 @ 11:28 am

I remember when faux-intellectuals with self-inflated egos could actually spell succumb.

You may want to drop the whole Aristotle thing and stick with Sam the Shiller.


Vern McKinley
Comment posted December 29, 2009 @ 11:42 am

You are absolutely wrong. Look at my link to the NBER website. They are the arbiters of the start and end of recessions. The recession started in March 2001. They later determined that the recession ended in November 2001:

http://www.nber.org/cycles/july2003.html

Where do you get your information from?


ellid
Comment posted December 29, 2009 @ 12:14 pm

NBER is defining “recession” in very specific statistical terms as used by professional economists. I seriously doubt that Mary Matalin has ever even heard of the organization, let alone consulted its web site.


monkey99
Comment posted December 29, 2009 @ 12:15 pm

ellid,

Figure of speech, figure of speech.

And for all that Clinton endured (I'm not talking about the Lewinsky thing, he brought that upon himself), he DID caretake the country, which I, and many Americans are grateful after the fact.
It's funny, I remember drugster Rush crowing about Clinton's “disastrous” move to invest in short-term bonds, way back when. Ol' Bill proved him wrong-in the best way possible!
I never would have thought Matalin could be so stupid. Being married to James Carville, she should know better.


Vern McKinley
Comment posted December 29, 2009 @ 12:36 pm

It is irrelevant whether or not she has heard of NBER, she is right on the issue of recession and as she worked in the Bush/Cheney administration this was probably part of her standard talking points. But as David points out, she seems to have garbled some of the unemployment numbers although I have not looked at these numbers lately.


monkey99
Comment posted December 29, 2009 @ 12:53 pm

Hey birfer,

Give it a rest. Post after post, you remain off-topic, arguing an indefensible position. Go to the new birfer blog-and explain yourself (if you can, which I doubt), otherwise, you waste space and all of our time.


ellid
Comment posted December 29, 2009 @ 1:06 pm

Are you a professional economist?


ellid
Comment posted December 29, 2009 @ 1:14 pm

First, I am very surprised that you managed to acquire all those degrees with such poor English skills. I have a BA and an MA, and believe me, I wouldn't have lasted a semester if I wrote as badly as you do. Is it possible, just possible, that you aren't American-born, say, Moldovan?

Second, most of the “historical controversies” you cite either are not controversial at all or are matters of faith, not fact.

Third, none of the above has a thing to do with President Obama's eligibility for office, which was established over a year above.

Fourth, you insulted another poster for posting facts instead of innuendo and lives. That is not intelligent behavior, and therefore I will not retract or apologize for anything that I have said.

Fifth, quoting the Bible out of context is disingenuous and irrelevant.


ellid
Comment posted December 29, 2009 @ 1:17 pm

*waves bye-bye to yet another birther who runs and hides when confronted with facts*

Oh, yes – the correct form of address is “Ms.,” not “Mr.” Sorry!


ellid
Comment posted December 29, 2009 @ 1:19 pm

Um, historians are usually professionally trained, not “private groups and amateurs with money.”

My private life as French Revolution re-enactor is none of your business.


ellid
Comment posted December 29, 2009 @ 1:20 pm

Nice trick, questioning authority a year before you were born. How did you do it, by kicking your mother in the spleen whenever she told your father to take out the trash?


Anonymous
Comment posted December 29, 2009 @ 6:23 pm

Completely agreed on President Clinton. He was a much better President than most, and he left us a full treasury, a prosperous economy, and no ongoing wars. That Shrub managed to squander it all within the first few years is sad enough, but that Republicans are now trying to make it out that *Clinton* was the cause of economic disaster is sickening.


ellid
Comment posted December 29, 2009 @ 1:35 pm

And oh, to answer your specific questions:

- Columbus was almost certainly born in Genoa and later was granted Spanish citizenship, so he was both.

- Shakespeare wrote his own plays. Francis Bacon, the Earl of Oxford, Christopher Marlowe, and this Henry Neville fellow were not involved, there is no cipher message, and the whole authorship “controversy” didn't even arise until the 18th century. See S. Schoenbaum's “Shakespeare's Lives” for more information.

- The divinity of Jesus is a question of faith, not history. Not relevant.

- The first people who got to latitude 90 north? Most likely either a very lost Inuit or the crew of USS Nautilus in the 1950s. Neither Perry nor Cook's data is any good, and Byrd only flew overhead.

- Of course the FBI vetted Obama, long ago. That they won't confirm or deny doing so is a matter of security, as should be obvious to anyone with a grain of sense.

- Alexander Graham Bell invented the first useful
telephone. Earlier versions were not practical or commercially viable.

- Billy the Kid and Jesse James have one actual grave apiece, unless you're proposing that aliens cloned them.

- Civil War casualty figures are a matter of public record. There is no controversy about this.

- Gettysburg is very nice. I went there too. What's your point?

- If you were truly “always taught one thing only to find out that wasn't [sic] right,” you probably shouldn't boast of your three college degrees in another post since you manifestly received an inferior education.

NONE of the above has anything to do with the President's eligibility for office, or his status as a natural born citizen.


Anonymous
Comment posted December 29, 2009 @ 7:10 pm

Oh, and let’s not forget what he did for those two girls from CurrentTV. There were those who were STILL slamming him, whining with the myopic xenophobia of the right-right-right wing.
I think history will look upon this man as one of the better Presidents this country ever had.


vernmckinley
Comment posted December 29, 2009 @ 2:20 pm

No I worked at the Fed for two years as a grunt research assistant working for economists and that scared me off from ever wanting to be one.


ellid
Comment posted December 29, 2009 @ 2:38 pm

Hear, hear.


ellid
Comment posted December 29, 2009 @ 2:39 pm

Was just wondering since most people have never heard of NBER.


jaii
Comment posted December 30, 2009 @ 6:21 pm

Whoever and whenever… Any recession under George Bush now looks like major prosperity in comparison with what Obama has inflicted on us during his first year in office.

Of course, any decline in the country's economic status is more than compensated for by the increase in terrorism and incompetence,

Obama is the worst thing that has ever happened to our country. He is obviously a fraud and must be removed from the White House immediately. Every day our very existence is compromised by his treasonous actions. Enforcing the U.S. Constitution by demanding documentation of his eligibility to serve then charging him with criminal fraud if he fails to comply or if his documentation proves him ineligible is our only hope.


chrisjay
Comment posted December 31, 2009 @ 3:46 pm

“…if he fails to comply”
LOL
Join the circus of Birfer freaks and clowns “demanding” that the President “comply” with foolish and incomprehensible demands
what a tool


ellid
Comment posted January 2, 2010 @ 2:21 pm

Um, dude? The recession started in 2007. Shrub not only was President, the campaign to replace him had barely started.


snobals1
Comment posted January 3, 2010 @ 11:14 am

By your own facts Mary Matalin is not a liar and doesn't even tweak but states the facts.


Mark235
Comment posted January 31, 2010 @ 11:25 am

Your comment about the Clinton administration expanding loans to low/moderate income borrowers refers to the Community Reinvestment Act (CRA). The CRA was passed in 1977 (if this is the cause why did the problem not appear earlier), the CRA only applied to commercial banks (those covered by the FDIC) and not to investment banks and the commercial banks wrote less than 20% of the sub-prime mortgages and Fannie/Freddie do not write mortgages or lend money and only started to purchase sub-prime mortgages in late 2005 and did not make significant purchase of these mortgages. As far as the cause of the problem, I would blame Clinton. See the web site http://jmsviews.blogspot.com/2010/01/financial-… for an explanation.


Mark235
Comment posted January 31, 2010 @ 4:25 pm

Your comment about the Clinton administration expanding loans to low/moderate income borrowers refers to the Community Reinvestment Act (CRA). The CRA was passed in 1977 (if this is the cause why did the problem not appear earlier), the CRA only applied to commercial banks (those covered by the FDIC) and not to investment banks and the commercial banks wrote less than 20% of the sub-prime mortgages and Fannie/Freddie do not write mortgages or lend money and only started to purchase sub-prime mortgages in late 2005 and did not make significant purchase of these mortgages. As far as the cause of the problem, I would blame Clinton. See the web site http://jmsviews.blogspot.com/2010/01/financial-… for an explanation.


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