We are in deep, deep, trouble. There is no way the Dimwitocrat's borrow and spend policy is going to stimulate anything but the national debt. Obama said no earmarks. Wrong. Obama said no partisanship. Wrong. Obama said change. Wrong! Wrong! Wrong! President Obama is the very embodiment of partisan politics he derided during his campaign and a bunch of people hoping for better times bought into the canard and elected a consummate politician.
I did not understand the venom the left spewed at President Bush, but I am beginning to get a sense of it. Especially when President Obama laughed at the debt he inherited like it was not something that he did not need to consider. President Obama was wrong when he said tax cuts were discredited. President Bush and Republicans were voted out of office because of the Iraq war and borrowed spending on the war amplified the mortgage crisis we had been teetering on for years. A mortgage crisis made more terrible by Senator Chris "I did not know I was getting special treatment from Countrywide" Dodd and Barney "Supporting my lover at Fannie Mae is not unethical" Frank.
This is a time for sound fiscal responsibility, not unbridled borrowing and spending. We can not and should not rush into a trillion dollar, pork laden, social engineering experiment. Unfortunately, no one seems strong enough or poised to stop it.
Showing posts with label mortgage crisis. Show all posts
Showing posts with label mortgage crisis. Show all posts
Friday, February 6, 2009
Saturday, October 11, 2008
Representative Frank needs to be Enlightened
Barney Frank says deregulation caused this economic morass. LOL
No Barney, this mess was facilitated by your lack of oversight of Fannie Mae and Freddie Mac.
Your sound bite supports Senator Nobama's felicitous comments, but it is an out right lie. Wall Street is indeed greedy but they were only dealing in the same mortgage securities that you were promoting through the Community Reinvestment Act and your lackadaisical over sight of Fannie and Freddie, probably brought on my your romantic involvement with Fannie Mae executive Herb Moses.
I sincerely hope the people of Massachusetts retire this embarrassment soon!
No Barney, this mess was facilitated by your lack of oversight of Fannie Mae and Freddie Mac.
Your sound bite supports Senator Nobama's felicitous comments, but it is an out right lie. Wall Street is indeed greedy but they were only dealing in the same mortgage securities that you were promoting through the Community Reinvestment Act and your lackadaisical over sight of Fannie and Freddie, probably brought on my your romantic involvement with Fannie Mae executive Herb Moses.
I sincerely hope the people of Massachusetts retire this embarrassment soon!
Labels:
Barack Obama,
Barney Frank,
economy,
mortgage crisis
Deregulation? Nobama the fault lies with YOU!
No Senator Obama, it was not deregulation that caused the economic morass we are in, it was ferocious and persistent protection of Fannie Mae and Freddie Mac by you and Representatives Barney Frank, Maxine Waters, Lacy Clay and Senators Barack Obama, Chris Dodd, Chuck Schummer and Chuck Hagel that enabled Acorn and others like them to give billions in "affordable" mortgages under the Community Reinvestment Act to people who could not afford them. Clearly YOUR policies are not good for America. Everyone needs to view this video on Burning Down the House: What Caused our Economic Crisis to understand that Nobama's philosophies are bad for America.
Subscribe to:
Posts (Atom)