obama was a lead attorney on the ACORN CRA suit against Citibank which forced Citibank to make the risky loans in the first place. This ultimately led to the collapse of the credit system as more banks were forced into these ridiculous loans.

A trillion dollars tossed on the bonfire because of this idiot and people are still supporting him! It is hard to believe!

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I have to credit an A.Mercer answer, for the idea to ask this question.

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We need INDUSTRY. We need to create new technologies to create new products and we need to keep the manufacturing of these new products inside the US to create jobs and to bring the revenue from those products into this country.
Nothing else can save this country.
Credit and liquidity isn’t the real problem. The real problem is solvency. Not enough new money is coming into the US economy to cover the money going out. And as the Federal Reserve pumps out more fiat currency to prop up the banks, the worth of the dollar declines, which means that foreign lenders will not want to loan us any more money, and indeed are trying to get out of the US debt they already hold, because it does not matter how hard Americans work and are taxed if the government is making the dollars worthless.
Continuing the game of just shaking the money back and forth in the hopes that it will grow (or at the lest you can dump the debt on someone else) is not a formula for national prosperity.

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