How the Democrats are liars and blocked John McCain’s attempts of reform and regulation at Fannie Mae and Freddie Mac
It is amazing to me that the Democrats are lying about their involvement in the failure of Fannie Mae and Freddie Mac. Yes lying!
In the following clip, you can see Maxine Waters, Barney Frank, and other democrats attacking the regulator who exposed the “cooking of the books” by Fannie Mae and Freddie Mac leadership.
You have Barney Frank saying that he doesn’t see a problem and no need to see any new regulations.
You have Maxine Water saying that the GSE’s are working and that they should continue to give 100 percent loans.
Here is a quote from Rep Gregory Meeks (D-New York) during the hearing.
“They’ve done a tremendous job. There’s been nothing that was indicated that’s wrong with Fannie Mae. Freddie Mac has come up on its own. And the question that then presents is the competence that your agency has with reference to deciding and regulating these GSEs [government-sponsored enterprises]. And so I wish I could sit here and say that I am not upset with you but I am very upset because you know what you do is give, maybe giving a reason to, as Mr. Gonazlez said, to give someone a heart surgery when they don’t need it.”
And you have Republicans raising the flag and saying that there needs to be more regulation. Take a look for yourself. Read more
A great op-ed piece from David Gergen, A Deepening Leadership Crisis
A Deepening Leadership Crisis - David Gergen
This is a really insightful post of the lack of trust amongst the leadership of our country today. Not only a trust in our President, but trust in the leadership of all levels of government and most of the private sector.
Where will our next great leader come from? Is it one of the candidates running for President? Is there someone else out there?
We need a great leader to come forward. I hope they come soon, because we definitely need it.
McCain’s New Economic Plan, per The Onion
McCain’s Economic Plan For Nation: ‘Everyone Marry A Beer Heiress’
Statement I received from the McCain campaign…
The following is what I received from the McCain campaign about the financial crisis.
John McCain’s Remarks on the Economic Crisis
New York, NY
Wednesday, September 24, 2008America this week faces an historic crisis in our financial system. We must pass legislation to address this crisis. If we do not, credit will dry up, with devastating consequences for our economy. People will no longer be able to buy homes and their life savings will be at stake. Businesses will not have enough money to pay their employees. If we do not act, ever corner of our country will be impacted. We cannot allow this to happen.
Last Friday, I laid out my proposal and I have since discussed my priorities and concerns with the bill the Administration has put forward. Senator Obama has expressed his priorities and concerns. This morning, I met with a group of economic advisers to talk about the proposal on the table and the steps that we should take going forward. I have also spoken with members of Congress to hear their perspective.
It has become clear that no consensus has developed to support the Administration’s proposal. I do not believe that the plan on the table will pass as it currently stands, and we are running out of time.
Tomorrow morning, I will suspend my campaign and return to Washington after speaking at the Clinton Global Initiative. I have spoken to Senator Obama and informed him of my decision and have asked him to join me.
I am calling on the President to convene a meeting with the leadership from both houses of Congress, including Senator Obama and myself. It is time for both parties to come together to solve this problem.
We must meet as Americans, not as Democrats or Republicans, and we must meet until this crisis is resolved. I am directing my campaign to work with the Obama campaign and the commission on presidential debates to delay Friday night’s debate until we have taken action to address this crisis.
I am confident that before the markets open on Monday we can achieve consensus on legislation that will stabilize our financial markets, protect taxpayers and homeowners, and earn the confidence of the American people. All we must do to achieve this is temporarily set politics aside, and I am committed to doing so.
Following September 11th, our national leaders came together at a time of crisis. We must show that kind of patriotism now. Americans across our country lament the fact that partisan divisions in Washington have prevented us from addressing our national challenges. Now is our chance to come together to prove that Washington is once again capable of leading this country.
What are your thoughts?
In gaffe, Biden says FDR led when market crashed in 1929 and addressed country through television
General News - In gaffe, Biden says FDR led when market crashed.
Here is Biden’s quote,
“When the stock market crashed, Franklin D. Roosevelt got on the television and didn’t just talk about the, you know, the princes of greed. He said, ‘Look, here’s what happened,’” Barack Obama’s running mate recently told the “CBS Evening News.”
This is pretty bad. To not know who was president when the stock market crashed and that TV was at least 10 years away.
Not good Biden.
TheHill.com - Dems’s big blunder and McCain’s big chance
TheHill.com - Morris: Dems’s big blunder and McCain’s big chance.
Last week in Denver, the Democrats tried to link McCain to George Bush. But in this article, Dick Morris highlights that this is a major mistake and I agree.
John McCain has broken with Republican party numerous times and has worked to end the partisanship in DC.
If people want change and partisanship to end, then you need to vote for John McCain.
Assistant Principal at Wasilla High School says it best…
This appeared in the Chicago Tribune. I found it through The Page Blog on Time.
“I’m sorry to hear this, but I have every confidence they have the abilities and the confidences handle this,” he said.
“Just like children should not pay for the sins of the parents. The parents should not pay for the transgressions of the children.”
-Mark Okeson, the assistant principal at Wasilla High School
I think that says all we need to know about the Palin’s.
Flickr Photos
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