By Peter Schweizer
In Architects of wreck, ny instances bestselling writer and conservative historian Peter Schweizer argues that the industrial hindrance used to be as a result of liberals who used the ability of presidency to create a subprime loan bubble that has ravaged the worldwide financial system. Rebutting fees that the monetary cave in used to be as a result of conservative deregulatory zeal, Schweizer, the writer of Do as I Say (Not as I Do): Profiles in Liberal Hypocrisy, exhibits that it was once really the results of “do-good capitalism.”
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Additional resources for Architects of Ruin: How Big Government Liberals Wrecked the Global Economy--and How They Will Do It Again If No One Stops Them
Tiny Iceland’s economy completely imploded, and in central Europe and the developing world, markets tottered on the brink of collapse. Around the world a clamor arose for the Americans to save the global system. Barack Obama came to office pledging to turn the economy around and “create or save” millions of jobs while at the same time enacting a “transformative” social agenda. A terrified Congress rammed through an enormous (and pork-laden) stimulus package, promising that it would stabilize the economy and restore hope to millions of out-of-work Americans.
What? It was a misprint, of course. But to many frightened viewers this nightmare scenario might not have seemed far-fetched. As the wheels started to shake and come off the American economy in mid-2008—at the height of the presidential election—there was concern verging on panic about the possibility of a total economic meltdown. ” The concern and panic were real because the numbers were real. Loan defaults and bank foreclosures had skyrocketed. Real estate values collapsed nationwide, trapping many people in homes they could not sell and struggling to pay mortgages.
Cincotta in turn took up the cause of redlining and racial discrimination and made it her life’s work. Embracing Alinsky’s confrontational methods, she was once arrested for harassing an administrator at the Department of Housing and Urban Development (HUD) and physically threatened Chicago’s tough and imposing Mayor Richard Daley. She once nailed a rat to an alderman’s door to protest the city’s failure to deal with the rodent problem in her neighborhood (the tactic worked). To raise funds for her activist cadre, she would also shake down and threaten local businesses for donations.