Let there be no mistake. Clinton is admired by leftists, just like Ted Kennedy was, for his ability to bald face lie without a hint of remorse. That is what makes them swoon. It’s like magicians that really admire other magicians – it’s hard to impress professional liars. Clinton is Houdini.
American Spectator -
Politics takes a lot of brass. And Bill Clinton is a master politician. His rousing speech at the Democrats’ convention told the delegates that Republicans “want to go back to the same old policies that got us into trouble in the first place.”
That is world class brass. Bill Clinton’s own administration, more than any other, promoted an unsustainable housing boom, which eventually and inevitably led to a housing bust that brought down the whole American economy.
Behind all the complex financial processes that reached to Wall Street and beyond, there is one fundamental fact: many people stopped making their mortgage payments.
Why did that happen? Because mortgage loans were made to people who did not meet the long-established qualification standards for getting a mortgage loan. And why did that happen? Because the Clinton administration threatened lawsuits against lenders who did not approve mortgage loans to minority applicants as often as to white applicants.
In other words, racial quotas replaced credit qualifications. A failure to have racial statistics on mortgage approvals that fit the government’s preconceptions was equated with discrimination.