Showing posts with label financial crisis. Show all posts
Showing posts with label financial crisis. Show all posts

Monday, September 29, 2008

Democrats caused economic crisis, here's proof.



we were trying to fix something that wasn't broke...

The above includes a video from 2004 with democrats slamming Republicans for daring to say there is a problem with Fannie and Freddie.

the Republicans warned the Taxpayers would be the ones to pay... the Dems said there was nothing to worry about.

*Snip*

Barack Obama ranks #2 on the list of Senators receiving funds from Fannie Mae and Freddie Mac lobbyists and campaign contributions. The contributions span 20 years, yet in Obama’s 4 short years in the Senate he has received more contributions than any other Senator but Democrat Christopher Dodd, who has been in the Senate for several decades.

*Snip*

So again, whose fault is it that we're in this economic crunch?




Friday, September 26, 2008

Campaign suspension over



McCain has agreed to go on with the debate tonight as was previously agreed upon. Everyone is claiming that this was a "stunt" by McCain to get out of the debate. Here's my opinion on all of that stupidity.

Let's start with Bill Clinton weighing in on it.

Earlier today, Mr. Clinton gave a wide berth to Mr. McCain for wanting to postpone the first presidential debate, scheduled for Friday.

"We know he didn’t do it because he’s afraid, because Sen. McCain wanted more debates," Mr. Clinton said on "Good Morning America"

"You can put it off a few days," Mr. Clinton added, ceding that "the problem is it's hard to reschedule those things." He said of Mr. McCain: "I presume he did that in good faith since I know he wanted - I remember he asked for more debates to go all around the country, and so I don't think we ought to overly parse that."


McCain actually asked for, I believe it was 10 debates... Obama said no until he finally agreed to 4 very particular ones, ones where he could use his beloved teleprompter, the first of which was suppose to be Friday. So in an off handed way, Clinton was saying... McCain isn't pulling a fast one.

Call it what you want. we're in an economic crisis, everyone knows that. I'd rather see them working on a solution rather than hearing either of them spew about what they COULD do and MAY do SHOULD they become president.

I don't need to hear a presidential cat fight while our country is trying to work out a problem. So Hail Mary pass or not, I'm glad McCain suspended the campaign to take care of this issue, and I'm a bit shocked Obama's first response was "uh, screw the country's economic issue. We need to get this debate on". lol, well not in those words but I felt that he cared more about the debate and making McCain look bad than agreeing to help find a bipartisan way of solving our current issue.

Someone said to me... "So should A soldier serving in Iraq be able to ask if he or she can "suspend" their service or "delay" going out on patrol while Congress negotiates a piece of legislation?

How does that apply In this case? A soldier isn't a congress man.

You're saying you'd rather SENATOR Mccain and SENATOR Obama go on with their debates, catfighting, name calling and promises while our economy is crashing?

They are still senators and as senators they should be part of the solution when duty calls. Just like a Soldier is a soldier and needs to be there when duty calls.

Some say this was a big mistake on McCain's part, and that this was an error he'll regret.

Why?

I don't think McCain erred at all.

1. Our country is in a crisis. A debate is just for bickering back and forth on promises that won't be kept by either side and a way to make the other side look stupid (though Biden is doing a good enough job for Obama on his own, although he's making the wrong side look stupid... but I digress.)

I don't need to hear empty promises, bickering and debates on whose wife is more attractive. What I need is to see action, and the action I want to see right now this very moment is working on this economic crisis.

The reason this is important to me is because I'm selling my house and I'm moving. Banks aren't giving loans out right now, and that means people aren't buying, so I can't go out and look to buy if my house won't sell.

2. I think the one who erred in this was Obama. Like I said, we're at the brink of what could be another great depression, we're in a major crisis, and his focus is on debating and trying to make his opponent look bad. He said "no" to suspending politics until they can work something out, he said "no" to suspending the debate.

This man who missed more key votes in 3 years than McCain missed in 21 years.
This man who voted "present" over 130 times because yes or no was too hard for him.

This man was refusing to suspend politics and work out our economic crisis, and would not put aside the debate and bipartisanship to help out when needed.

That is what those who are on the fence are seeing right now. One man willing to look bad and "Scared" by backing down and doing his job, and another man who is win at all costs, even if it's at America's expense.

And Perhaps McCain's plans are faulty, or people won't like what he has to say... problem for Obama, at least he's been saying SOMETHING. Even Jay Leno had to joke... "the Republicans would go after Obama's plan, but they don't know what it is yet."

This is the guy who had to have a press conference that he wasn't going to have a press conference to discuss plans about making plans for plans.

And as far as I know...

McCain never said he wanted to forget this debate all together. he said he wanted to postpone it till a later date. People act as if he wanted to back out of it completely. All he said was, let's do it another time and focus on this cause our country is in a bit of a pickle at the moment, and now isn't the time for self interest.


Thursday, September 18, 2008

You want to trust Obama with our current financial crisis when....



Obama is said to be "the better man for the job", when it comes to solving the financial crisis that has spiraled because of Freddie Mac and Fannie Mae.

Let me make 2 points.


1. In 2005... THREE YEARS AGO... MCCAIN, not Obama, MCCAIN supported a bill that would have helped evade JUST THIS SITUATION! He saw it coming, and supported a plan to help stop if from happening.

The DEMOCRATS blocked the bill and kept it from passing.


2. Franklin Raines is a former CEO of Fannie May, was paid a total of $90 MILLION for his tenure at Fannie May, who was forced to resign due to a $6.3 billion accounting debacle he oversaw in 2004, and James Johnson former Vice-Chair of Fannie Mae and Managing Director of Lehman Brothers…..

Raines and Johnson are the current economic advisors for Barack Obama. Raines was in charge when most of these high risk, sub prime rate loans were being given away; the primary catalyst to Fannie Mae's collapse.


THIS is the man you're going to trust to save our economy.

A man whose TOP ADVISORS were paid big by Fannie May and Freddie Mac


oh, here's a third point.


3. Fannie & Freddie Gave $200 Million to Partisans-Most Went to Democrats! Dodd, Obama Among Top Recipients.