The housing crisis we are in today is not because of President Bush. Although every liberal blames him for everything this one cannot be pinned on him.

 There is a video on the web at www.redstate.com/diaries/redstate/2008/sep/30/how-do-you-know-that-the-burning-down-the-hou/ please go watch it. It is not just a video to bad-mouth a particular party it is based on facts and gives you the references to back it up. In fact Time Warner had it taken down because of copyright infringement of songs they own. Or at least that is what they said. Might it have been something to do with the fact that Time Warner donated over $338,500 to Obama campaign?  It is back up now with new music and it is great.

 In most cases when you find a crisis that involves a social program it is the Democrats that are behind it.

 Case in point:Social Security. The Democrats think it is great and love to use it to scare people at election time saying people will not have social security when they retire. So they stop an effort for us to invest our own money where we want to not telling the public they do not use Social Security for their won retirement plans.

 Welfare is another great Democratic program. Let’s give people that do not work and have 10 kids money and housing so they can destroy the houses and spend the money on cigarettes, drugs and other non essential stuff. God forbid we ask these people who can work to work to earn the home or money. According to the Democrats they just take it from people who make money and redistribute it to the ones that do not.

 Now there is the housing crisis. Obama can say whatever he wants it is his party that is primarily responsible for the housing mess of today.

 Look at some FACTS not hear say. Not name calling but facts.

 The current melt-down that involves today’s mortgage lending was directly caused by exactly the same thing that caused the melt-down of the Savings and Loan Industry that followed President Jimmy Carter's four years in office in the late 1970s. The cause was Congress itself. Congress, by law, REQUIRED Savings and Loans to give mortgages to risky borrowers. Although at that time Republicans were in control they received pressure for those laws from community organizers such as Barack Obama insisting that lending standards be lowered and that government, not individuals, solve the problems. Again a Democrat who says government needs to be in control.

 Chicago today, where Obama worked as a community organizer, leads the nation in home foreclosures due to sub-prime loans to unqualified minority borrowers. More than fifty percent of those now losing their homes in the Chicago area are blacks or Hispanics.

 Congress passed legislation that REQUIRED the Savings and Loan industry to give mortgages to people they felt were too risky. This was done in the name of Civil Rights and it began back in the 1960s when it was common for lenders to "redline" areas of a city where they believed housing values were threatened or populated by people who did not have the financial resources or employment record to become homeowners.

 The Clinton administration has turned the Community Reinvestment Act, a once-not known and lightly enforced banking regulation law, into one of the most powerful mandates shaping American cities—and, as Senate Banking Committee chairman Phil Gramm put it, a vast extortion scheme against the nation's banks. Under its provisions, U.S. banks have committed nearly $1 trillion for inner-city and low-income mortgages and real estate development projects, most of it funneled through a nationwide network of left-wing community groups.

 The CRA's premise sounds great: helping the poor buy and keep homes will stabilize and rebuild city neighborhoods. As enforced today, though, the law does just the opposite, threatening to undermine the efforts of the poor people who are trying to move up by saddling them with neighbors who are more than likely to depress property values by not maintaining their homes or by losing them to foreclosure. The CRA's logic also helps to ensure that inner-city neighborhoods stay poor by discouraging the kinds of investment that might make them better off. Because Democrats hate free markets they want to control it all.

 In1999, president Bill Clinton instructed the Fannie Mae Corporation to ease credit requirements on loans to minorities and low-income earners. This was to include what became known as the sub-prime sector. Fannie Mae's chairman and chief executive in 1999 said that in addition to "reducing down payment requirements" the corporation would underwrite loans in the sub-prime market. Fannie Mae's board is largely made up of prominent Democrats. Both of the candidates have ties to Fannie Mae. Obama has and had larger ties. Barack Obama's had former Fannie Mae CEO James Johnson to vet potential vice presidential prospects. Obama has presented himself as an outsider and a Washington change agent and Johnson, whose favorable loan deals with Countrywide Financial Corp. made him a lightning rod, is as inside as they come in the capital. Johnson did e quit the Obama campaign.

 A review of Federal Election Commission records back to 1989 reveals Obama in his three complete years in the Senate is the second largest recipient of Freddie Mac and Fannie Mae campaign contributions, behind only Sen. Christopher Dodd, D-Conn., the powerful chairman of the Senate banking committee. Dodd was first elected to the Senate in 1980. According to OpenSecrets.com, from 1989 to 2008, Dodd received $165,400 in Fannie Mae and Freddie Mac campaign contributions, including contributions from PACs and individuals, followed by Obama, who received $126,349 in such contributions since being elected to the Senate in 2004. To be fair John McCain received a little over $8000 in his career.

 Who was on board to do something about the financial mess in 2006? McCain.

 The findings, based on a 27-month investigation and resulting in a $400-million fine paid to the government, prompted McCain to join other critics and call for more scrutiny of Fannie and its sibling, Freddie Mac. “If Congress does not act, American taxpayers will continue to be exposed to the enormous risk that Fannie Mae and Freddie Mac pose to the housing market, the overall financial system, and the economy as a whole,” McCain declared in a May 26, 2006, news release.

 Let’s face facts. The Democrats like the idea of redistributing the wealth of others to people who do not have as much. They like the idea of controlling the people through Government sponsored programs. This is a way for them to keep people and society under their thumbs.

 Through this whole financial mess is certainly is not 100% the Democrats fault. The Republicans could have not allowed bills to go through when the Democrats pushed. The majority of the mess we are in is do to the social policies of the Democrats and their ongoing effort to take money from hard working people and give it away to people who do not work as hard if at all.

Visit Luigi on the web at www.listentoluigi.com.  Luigi wants to know what you think and will be happy to answer e-mails sent to him at luigi@listentoluigi.com. Some e-mail may be published in The Weekly or on the web.