I apologize in advance. You aren’t going to find anything substantial to read here today. I am still not feeling well. In fact, my allergic reaction to whatever is in the air is turning into yuckier things. The annoying sneeze is now a tickling cough. I think I’ll need an antibiotic before it’s all over. I did, thank the Lord, get more sleep Monday night.
Today (Tuesday) was very busy for us. We left the house at 8 and didn’t make it back home until 4:30. That hardly ever happens. I crammed five doctor appointments, two piano lessons, a picnic, and a dress fitting into one day. You know what I learned? We can get a lot of schooling done in a waiting room and our van.
If I’m not feeling better soon, then I think I’ll take a break from the blog. Today, however, I will provide an assortment of links for your enjoyment. After all, my little cold isn’t keeping me from the politics and cultural detritus of the day. Proceed with caution.
1. Who’s responsible for our current economic crisis? Before you fall for the “blame Bush” mantra, I offer this for your perusal: The Real Culprits In This Meltdown. You may want to read the whole thing. Here’s a snippet:
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.
And it was the Clinton administration that mismanaged the quasi-governmental agencies that over the decades have come to manage the real estate market in America.
This part is interesting to me, too.
The Clinton-era corruption, combined with unprecedented catering to affordable-housing lobbyists, resulted in today’s nationalization of both Fannie and Freddie, a move that is expected to cost taxpayers tens of billions of dollars.
And the worst is far from over. By the time it is, we’ll all be paying for Clinton’s social experiment, one that Obama hopes to trump with a whole new round of meddling in the housing and jobs markets. In fact, the social experiment Obama has planned could dwarf both the Great Society and New Deal in size and scope.
Our current situation is not a failure of capitalism nor is it a failure of the current administration. I won’t put all the blame on Clinton. It takes two branches of government to tango with law and the Republicans enjoyed a majority during Clinton’s terms as president.
2. Google this: Clinton Glass-Steagal Act repeal
3. In case you missed this clip from Hannity & Colmes, here is Gianna Jessen displaying grace and beauty:
4. Blip.fm is fun.
5. What in the world is this? (Sorry, they removed the pictures)
7. Download JJ Heller’s album, Painted Red. It’s available for free right now! It’s good music! (HT: Spirit of Adoption)