In response to:

Congressional Liberals: This Fiscal Cliff is Pretty Great, Actually

Ross83 Wrote: Nov 26, 2012 5:57 PM
and who forced the banks and lenders to loan money to anyone? No job? No income? no credit history? No matter. We will force them to loan to you because not to do so is racist. Whose attitude was that? Hint. starts with a C
Jerry555 Wrote: Nov 26, 2012 6:00 PM
Three C's actually.

Carter started the CRA.

Clinton reinvigorated it, Community Reinvestment Act, and Dodd Frank and Chuck U Schumer ran with it, after they forced the Banks full of Risky Loans, they caused a run on them, the banks.

From there we had the Banks, the Brokers and the Insurance industry fail.


Instant Crises.

No, you aren't dreaming.  This post is a virtual facsimile of the 'fiscal cliff' piece I authored two weeks ago, replete with many of the same discouraging bells and whistles -- Democrats reveling in their leverage advantage, public opinion polls spelling doom for Republicans, and no tangible progress on the actual task at hand.  If that sentence wasn't enough of a morale boost for you, feel free to read on.  Liberals in Congress, led by incoming Senate Budget Committee Chair Patty Murray, are ostentatiously demonstrating an insatiable appetite for fiscal cliff-diving.  Their...