JANUARY 1977 : (JIMMY CARTER IS INAUGERATED PRESIDENT OF THE USA)
1977 : (OCTOBER LEAGUE IS REORGANIZED AS CPML; FORMER SDS ACTIVIST KLONSKY BECOMES CPML CHAIRMAN -- SEE MAOISM, CHINESE COMMUNIST PARTY) In 1977, the October League was reorganized as the Communist Party (Marxist-Leninist) [again, not Communist Party USA (CPUSA) -ETL] and former SDS activist Michael Klonsky became party chairman. Also in 1977, Klonsky traveled to China and the CPML was recognized by the Chinese Communist Party as its official sister party in America.
(snip)
In January 1981, Michael Klonsky resigned as party chairman, and the CPML disbanded that same year. The previous Red Encyclopedia description of the CPML was incorrectly combined with that of the Communist Party USA (Marxist-Leninist). ------http://reds.linefeed.org/past.html
1977 : (PEOPLE'S REPUBLIC OF CHINA / RED CHINA : MIKE KLONSKY IS FETED BY COMMUNIST LEADERSHIP) He [Mike Klonsky] was so highly thought of by Mao’s regime that he was among the first Americans invited to visit Communist China. When he was feted there in 1977, a year after Mao’s death, the communist leadership hailed Klonsky’s party as “reflecting the aspirations of the proletariat and working people.” Klonsky was a regular guest of the Chicoms until 1981, when the relationship soured over the post-Mao leadership’s free-market reforms. (Yes, Klonsky is apparently more committed to communism than China’s own Communist Party.) ---- "Another Communist in Obama's Orb--Michael Klonsky, Obama's "social justice" education expert," National Review ^ | October 22, 2008 | Andrew McCarthy , Posted on Wednesday, October 22, 2008 2:29:56 PM by Ooh-Ah
1977 : (CONGRESS PASSES CRA -- SEE 2008 FANNIE MAE, FREDDIE MAC MORTGAGE SCANADALS) “Fannie Mae, the nation’s biggest underwriter of home mortgages, has been under increasing pressure from the Clinton Administration to expand mortgage loans among low and moderate income people....” -----
The problem began in 1977 with the Dem Congress passing CRA, and President Jimmy Carter signing CRA into law. It was a controversial law at the time that actually had more negative feedback against it than existed positive points for it, but the Dems utilized the only Pro CRA report provided by Boston Fed to proceed with the legislation IIRC. Seems the Mortgage Industry managed to get around the law for 18 years until the Clinton misAdministration forced them to comply with the very bad legislation that is the CRA.
The article “Assault On The Mortgage Industry” from Dec. of 1993 at National Review by Robert Stowe England picks up at the point of the Clinton Administrations coercement of the Mortgage Industry. It’s informative reading for all concerned. Here’s the link: http://findarticles.com/p/articles/mi_m1282/is_n25_v45/ai_14779796 115 posted on Saturday, September 20, 2008 11:11:37 PM by rockinqsranch
I read it and thank you piasa.
1979 - 1981 : (LOS ANGELES, CA : OBAMA "DRUG YEARS" AT OCCIDENTAL COLLEGE) Around 1979 Obama started college at Occidental in California. He is very open about his two years at Occidental, he tried all kinds of drugs and was wasting his time but, even though he had a brilliant mind, did not apply himself to his studies....----- 36 posted on Tuesday, October 07, 2008 3:18:41 PM by Osage Orange)
NOVEMBER 1979 : (IRAN : US EMBASSY TAKEN OVER BY RADICAL STUDENTS; US PERSONNEL TAKEN HOSTAGE FOR 444 DAYS)
DECEMBER 25, 1979 : (CHRISTMAS DAY : USSR INVASION OF AFGHANISTAN)