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REALITY: Here’s The Top 10 Piles Of BS in Obama’s State of the Union
4. “Food Stamp recipients didn’t cause the financial crisis; recklessness on Wall Street did.” Actually, food stamp recipients, metaphorically speaking, were indirectly responsible–as well as Wall Street sharks. Obama leaves out the government’s role, under the Community Reinvestment Act, in pushing mortgages on people who could not afford them, and in backing the derivatives based on those mortgages that ultimately burst the whole bubble.