We are all reeling from the effects of the financial meltdown, but how did it happen? Is anyone to blame? What happens next?

I’m no expert, and I can’t give you any deep insights, but I know a man who can.

Stand up Glenn Beck. He’s a commentator on U.S. TV and Radio, and he’s right about almost everything, in both senses of the word. (Right-wing so always right, geddit?).

He’s a libertarian conservative like me, and he’s exasperated with the leadership in Washington, on both sides of the aisle, but he’s particularly disgusted with the corrupt Democrats who are behind this whole thing. President Bush’s weak economic leadership takes a pasting, but the fact that Democrats control Congress and can veto anything doesn’t seem to have come through the BBC’s news bulletins.

The biggest milestone on the road to the crash is Bill Clinton’s Community Reinvestment Act, which allowed minority groups to blackmail banks into lending money recklessly. Unless their clients were given loans they couldn’t pay back, banks wouldn’t be allowed to expand.

 This Democratic Party desire to reward their voters with houses they couldn’t afford is behind the meltdown. Democrats’ arrogant abuse of power in stopping proper oversight of Fannie Mae and Freddie Mac, becomes obvious when you see the extent of their corrupt involvement. Many prominent Democrats benefitted from corrupt funding from Fannie Mae and Freddie Mac, led by, guess who? Barack Obama. 

Tune in to - Glenn Beck: What happened? http://www.glennbeck.com/content/articles/article/198/16171/

http://www.glennbeck.com/

Neil Winton – October 8, 2008