I have never been a fan of Obama. I didn’t like his ideas on foreign policy before he was elected.
I don’t know how the elections will turn out but I do believe that a victory by Obama in the fall election will be seen as an American retreat from the world. Some people see that as positive, especially those people in Berkeley who rank Marine recruiting stations with adult bookstores. They are big Obama supporters.
I didn’t like his rise to power in Illinois, one of the most corrupt states in the union.
Several months before Obama announced his U.S. Senate bid, Jones called his old friend Cliff Kelley, a former Chicago alderman who now hosts the city’s most popular black call-in radio program.
I called Kelley last week and he recollected the private conversation as follows:
“He said, ‘Cliff, I’m gonna make me a U.S. Senator.’”
“Oh, you are? Who might that be?”
Jones appointed Obama sponsor of virtually every high-profile piece of legislation, angering many rank-and-file state legislators who had more seniority than Obama and had spent years championing the bills.
“I took all the beatings and insults and endured all the racist comments over the years from nasty Republican committee chairmen,” State Senator Rickey Hendon, the original sponsor of landmark racial profiling and videotaped confession legislation yanked away by Jones and given to Obama, complained to me at the time. “Barack didn’t have to endure any of it, yet, in the end, he got all the credit.
I don’t blame him but they all got on the bandwagon.
I didn’t like his economic policies or “ideas.”
Tough new regulations forced lenders into high-risk areas where they had no choice but to lower lending standards to make the loans that sound business practices had previously guarded against making. It was either that or face stiff government penalties.
The untold story in this whole national crisis is that President Clinton put on steroids the Community Redevelopment Act, a well-intended Carter-era law designed to encourage minority homeownership. And in so doing, he helped create the market for the risky subprime loans that he and Democrats now decry as not only greedy but “predatory.”
Yes, the market was fueled by greed and overleveraging in the secondary market for subprimes, vis-a-vis mortgaged-backed securities traded on Wall Street. But the seed was planted in the ’90s by Clinton and his social engineers. They were the political catalyst behind this slow-motion financial train wreck.
Of course, that was Clinton.