How Clinton and Obama Gamed America's Financial System to Expand Their Party's Power

Since FDR the Democratic Party has continually developed new strategies to keep itself in power; from taking political control of the largest urban areas of the nation to expanding voter lists with illegal immigrants. In the past twenty-five years, the greatest economic change to the U.S. was the unprecedented growth of government debt and spending. It is interesting to explore whether Democrats played any active role in what is known as the mortgage meltdown and if so, whether their actions were motivated by political gain. It is widely accepted that the 1992 Community Reinvestment Act fostered the growth of subprime mortgages. At the same time there was an interesting growth in the power and influence of ACORN on Democratic Party elections. Both Obama and Clinton acted to enhance ACORN’s Democratic voter registration activities.