Did Barak Obama cause the financial crisis on Wall Street?

Fact: the economy was great until Obama began running for the White House

Fact: the more Obama ran for office the worse the economy got

Fact: Obama would not have won the election if he hadn't caused a financial collapse on Wall Street



Coincidence? I don't think so...Did Barak Obama cause the financial crisis on Wall Street?
Wow....can I have some of what you're smoking?
Not even close. Check out all the crooks in our government and cronies before he got there.Did Barak Obama cause the financial crisis on Wall Street?
no what are you smoking?
The economy was in trouble long before Obama started running for office. It was the collapse of all those crazy mortgages that started the downfall.Did Barak Obama cause the financial crisis on Wall Street?
He didn't. The blame lies largely with Barney Frank and Chris Dodd.



But Obama did play his part and made sure his pocket was well lined:



"Now let's follow the money ... right to the presidential candidate who is the number-two recipient of campaign contributions from Fannie Mae.



And after Franklin Raines, the CEO of Fannie Mae who made $90 million while running it into the ground, was fired for his incompetence, one presidential candidate's campaign actually consulted him for advice on housing.



If that presidential candidate had been John McCain, you would have called it a major scandal and we would be getting stories in your paper every day about how incompetent and corrupt he was.



But instead, that candidate was Barack Obama, and so you have buried this story, and when the McCain campaign dared to call Raines an "adviser" to the Obama campaign 鈥?because that campaign had sought his advice 鈥?you actually let Obama's people get away with accusing McCain of lying, merely because Raines wasn't listed as an official adviser to the Obama campaign.



You would never tolerate such weasely nit-picking from a Republican. "
The Economy started slipping down the drain around 9/11 actually.



That has cost the world a Fortune. Exactly what they intended it to do.
Back when he was working with Acorn, he lobbied for the provision of mortgages to more minorities. Banks happened to be refusing mortgages to a high number of minorities because of their low credit scores. i.e. whites making $26,000 a year or less had better credit scores than minorities making $65,000 or over. Banks didn't want to lend because they knew the chances of default was high. Clinton and the liberal congress pushed this through and said banks had to lend to minorities or they would be punished. With that legislation more and more unqualified candidates were taking out loans they could not pay. Bush could do nothing to stop it b/c Congress was still controlled by the Libs who supported the legislation. And it eventually caught up with us.



But if you want the Dem's answer, then...it was "Bush's fault" because he was in office.
Yes he did. The winning Illinois lottery number was 666 the next day after the election. (Nov 5, 2008)