Larry Kudlow | Are the Clintons the Real Housing-Crash Villains?

via National Review:


Bill and Hillary Clinton - worried (200x200)Are the Clintons the Real Housing-Crash Villains?

Larry Kudlow & Stephen Moore | May 28, 2016

We are going to reveal the grand secret to getting rich by investing. It’s a simple formula that has worked for Warren Buffett, Carl Icahn, and all the great investment gurus over the years. Ready?

Buy low, sell high.

It turns out that Donald Trump has been very, very good at buying low and selling high, which helps account for his amazing business success.

But now Hillary Clinton seems to think it’s a crime. Campaigning in California last week she wailed that Trump “actually said he was hoping for the crash that caused hard-working families in California and across America to lose their homes, all because he thought he could take advantage of it to make some money for himself.”

So she’s assailing Trump for being a good businessman — something she would know almost nothing about because she’s never actually run a business (though she did miraculously turn $1,000 into $1 million in the cattle-futures market).

Hillary’s new TV ads say Trump predicted the real-estate crash in 2006 (good call) and then bought real estate at low prices when the housing crash that few others foresaw arrived in 2008. Many builders went out of business during the crash, but Trump read the market perfectly.

What is so hypocritical about this Clinton attack is that it wasn’t Trump, but Hillary, her husband, and many of her biggest supporters who were the real culprits. Before Hillary is able to rewrite this history, let’s look at the many ways the Clintons and their cronies contributed to the housing implosion and Great Recession.

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Read the full article at National Review



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