Do As I Say, Not As I Do....

As a libertarian and conservative, I feel a certain responsibility to fight liberalism. Actually, that’s not 100% true. I have no problem with several tenets of liberalism, it’s just that I think they are more idealistic than pragmatic. Liberal leaders talk a good talk, and if they actually believed what they said and lived by what they said, it might actually make a good ideology.

Currently, one of the leading liberal voices out there is Hillary Rodham Clinton. She is all but guaranteed the Democratic nomination, and a strong bet to win the White House. Look, I don’t like this women, never have. I wasn’t a Bill Clinton supporter as a Republican at the time of his presidency, but I always felt that whatever was wrong with his administration, that Hillary played a role.

One of my goals with this blog is to spread the truth about Hillary Clinton. Like millions of Americans, I don’t care if the next president is a Democrat or a Republican, as long as it isn’t Hillary.

What surprises me is the shear volume of damning information surrounding Hillary, and how she has been able to overcome situations that would kill an ordinary political career. Today I want to talk about one of those situations: Whitewater.

Now if you’re going to go after Hillary, Whitewater is probably the last place you want to start. There are so many lies wrapped around the truth, that it’s hard to tell what’s what here. However, my discussion today will have nothing to do with the “scandals”. What I want to look at is how, as an attorney, Hillary Clinton set up the Whitewater project.

A little background, as if we need it. Whitewater started as an old Clinton friend, Jim McDougall approached the Clinton’s with an investment idea – To purchase 230 acres of land along the White River, and subdivide it and sell lots as Vacation sites. No problem, nothing illegal there. However, while Hillary publicly criticized Reagan’s tax cuts, she wrote McDougall “If Reagaonomics works at all, Whitewater could become the Western Hemisphere’s Mecca.”

While the Clinton’s put no money into Whitewater, Hillary did play an important role establishing and running the business. What was interesting is HOW Hillary set up the venture. Ordinarily, when you buy a piece of land and finance the purchase, you receive a deed. If you start missing payments, the finance company will eventually repossess the property and resell it, and after paying off fees and debts, you will get back the remaining equity.

Hillary set up Whitewater differently. When someone bought a lot, they signed a simple purchase agreement. The small print on the bottom of that agreement read :”In the event that the default continues for 30 days…payments made by the purchaser shall be considered as rent for the use of the premises.” In other words, the buyer did not actually take ownership until the final payment was made. Hillary wrote the contract so if a buyer missed just one monthly payment, ALL of their previous payments would be classified as rent and the buyer would have zero equity in the property.

Again, this was not illegal. At least, it wasn’t illegal in Arkansas, even though it WAS illegal in most states, because it is considered exploitative of the poor and the uneducated. Wait, isn’t that the group Hillary claims to champion? Hmmmm

Consider Clyde Soapes, a grain-elevator operator from Texas. Clyde put $3,000 down on his Whitewater parcel, and paid his $244.69 per month. He made 35 payments – totaling $11,564.15 – when he fell ill with Diabetes. Although Soapes had paid more than 75% of his $14,000 total, after two missed payments the Clinton’s informed him that he had lost his land, and they resold his property to a couple from Nevada for $16,500. That couple as well missed ONE PAYMENT, and the Clinton’s resold their property.

All told, MORE THAT HALF of the people who bought lots in Whitewater eventually lost their land after missing payments. According to Whitewater Records, at least 16 different buyers lost more than $50,000 and NEVER received a property deed.

To claim the Clinton’s didn’t know what was going on is pure bliss of ignorance. Monthly payment checks were sent to Whitewater Development Corporation in care of Hillary Rodham Clinton. Hillary herself in 1982 sold a home to Hillman Logan, who went bankrupt and then later died. She took possession of the home and resold it to another buyer for $20,000. No one was compensated, and she didn’t report the sale on her tax return.

This is the same Hillary Clinton who as Senator has gone on to champion the cause of going after banks and other lenders for “predatory mortgage lending practices”, and in an amazing feat of moral dexterity, she cosponsored the Predatory Consumer Lending Act, claiming that mortgage fees are too high. Not surprisingly, this law does NOT outlaw the kind of practices that the Clintons used in establishing Whitewater.

To my friends on the left, this is the moral center of your party. And this is just the beginning…..