American voters need to be told that the current financial crisis was caused by the liberal policies of men who are mostly Democrats. A September 30, 1999, news article in the New York Times explained how Fannie Mae, under its then chairman and Clinton-appointee Franklin D. Raines, took on "significantly more risk" by demanding that the banks give subprime mortgages to low-income people who could not afford the houses they were buying.
By the end of the Clinton administration, 44 percent of the loans purchased by Fannie Mae were these risky mortgages. ACORN accelerated this practice by getting unemployed people to demonstrate in bank lobbies, demanding that more mortgages be given to people without adequate credit.
Good U.S. manufacturing jobs were moving overseas years before the current financial crunch. The Clinton administration globalists, the policies of Clinton's Wall Street friends such as Robert Rubin, and the trade agreements that discriminate against American workers and products are all part of our current economic distress.
The American people should be reminded that everything Barack Obama proposes will require higher taxes. Only tax reduction and the encouragement of good U.S. jobs will promote economic recovery, not tax increases or taxpayer bailouts of the billions lost by avoidable mistakes.
State amendments for traditional marriage are repeatedly adopted by the voters. The public should be reminded that Obama opposes these amendments and said he "respects" the outrageous California same-sex marriage decision.
The Democratic Platform adds, "We oppose the Defense of Marriage Act." DOMA is one of the most popular laws ever passed by Congress; it protects us from judges who try to force other states to accept the gay mischief of Massachusetts, California, and Connecticut.
The voters should be reminded that Barack Obama is promising all kinds of costly benefits to be paid for by the already burdened taxpayers, such as his bill to implement "the U.S. Millennium Development Goals, which aim to cut extreme poverty in half by 2015" and "double" our annual spending for this goal.
Voters, not polls or pundits, will decide this presidential election. It's time to make sure the voters have as much information as possible about the candidates.
Phyllis Schlafly is a national leader of the pro-family movement, a nationally syndicated columnist and author of Feminist Fantasies.
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