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American Political Orphan
When the righteous are in authority, the people rejoice; but when the wicked beareth rule, the people mourn. Proverbs 29.2
American Politics
American Politics
Thursday, September 18, 2008
Democrats Directly Responsible for Economic Meltdown
The Democrats and a handful of Republicans, (can you say RINO, I’ll bet you can), are directly responsible for the economic meltdown. According to a Investment Business Daily editorial, Congress Tries To Fix What It Broke, they place the blame where it is deserved. Squarely with the Democrats.
“A visibly annoyed House Speaker Nancy Pelosi rejected suggestions that Democrats share blame for the meltdown. “No,” she snapped at reporters who dared ask.
Stick to our narrative, she scolded: The bursting of the housing bubble was another story of market failure and deregulation.
“The American people are not protected from the risk-taking and the greed of these financial institutions,” she said, while calling for investigations of the industry.
Only, the risk-taking was her idea — and the idea of all the other Democrats, along with a handful of Republicans, who over the past 30 years have demonized lenders as racist and passed regulation after regulation pressuring them to make more loans to unqualified borrowers in the name of diversity.
They were the ones who screamed — “REDLINING!” — and sent banks scurrying for cover in low-income neighborhoods, where they have been forced to lower long-held industry standards for judging creditworthiness to make the subprime loans.
If they don’t comply, they are threatened with stiff penalties under the Community Reinvestment Act, or CRA, a law that forces banks to make home loans to people with poor credit risks.
No fewer than four federal banking regulatory agencies are responsible for enforcing the law. They subject lenders to racial litmus tests and issue regular report cards, the industry’s dreaded “CRA rating.”
The more branches that lenders put in poor neighborhoods, and the more loans they make there, the better their rating. Those lenders with low ratings can not only be fined, but also blocked from mergers and other business transactions needed to expand.
The regulation grew to monstrous proportions during the Clinton administration, obsessed as it was with multiculturalism. Amendments to the CRA in the mid-1990s dramatically raised the amount of home loans to otherwise unqualified low-income borrowers.
The revisions also allowed for the first time the securitization of CRA-regulated loans containing subprime mortgages. The changes came as radical “housing rights” groups led by ACORN lobbied for such loans. ACORN at the time was represented by a young public-interest lawyer in Chicago by the name of Barack Obama.
HUD, in turn, pressured Fannie Mae and Freddie Mac to purchase more subprime mortgages, and Fannie and Freddie, in turn, donated to the campaigns of leading Democrats like Barney Frank and Pelosi who throttled investigations into fraud at the agencies.”
Of course, the Democrats and the Legacy Media love to talk the economy down during an election year. They are going to blame John McCain and George Bush. Whatever they accuse them of, know this, they are really talking about themselves.
This year the American People need to hold them accountable. I sure hope they do.
Oh really? Not so fast there Ms. Pelosi. I know you are deligted that the economy is in the tank however you and the Democrats bear all the blame for this mess.
According to the guys at Powerline in their blog post, Turmoil in the Markets, they point to a report from Fox News’s John Gibson which clearly implicates the Democrats.
From John Gibson,
“Lehman Brothers’ collapse is traced back to Fannie Mae and Freddie Mac, the two big mortgage banks that got a federal bailout a few weeks ago. Freddie and Fannie used huge lobbying budgets and political contributions to keep regulators off their backs.
A group called the Center for Responsive Politics keeps track of which politicians got Fannie and Freddie political contributions. The top three U.S. Senators getting big Fannie and Freddie political bucks were Democrats, and number two is Senator Barack Obama. Now, remember, he has only been in the Senate four years but still managed to grab the number two spot ahead of John Kerry, decades in the senate, and Chris Dodd, who is chairman of the Senate Banking Committee.
Fannie and Freddie have been creations of the Congressional Democrats and the Clinton White House, designed to make mortgages available to more people, and as it turned out, some people who couldn’t afford them. Fannie and Freddie have also been places for big Washington Democrats to go to work in the semi-private sector and pocket millions. The Clinton administration’s White House budget director Franklin Raines ran Fannie and collected $50 million. Jamie Gorelick, Clinton Justice Department official, worked for Fannie and took home $26 million. Big Democrat Jim Johnson, recently on Obama’s VP search committee, has hauled in millions from his Fannie Mae C.E.O. job.
Now remember, Obama’s ads and stump speeches attack McCain and Republican policies for the current financial turmoil. It is demonstrably not Republican policy and worse, it appears the man attacking McCain, Senator Obama, was at the head of the line when the piggies lined up at the Fannie and Freddie trough for campaign bucks. Senator Barack Obama, number two on the Fannie/Freddie list of favored politicians after just four short years in the Senate. Next time you see that ad, you might notice he fails to mention that part of the Fannie and Freddie problem.”
And now today, Senate Majority Leader Harry Reid, true to form, was blaming John McCain of the economy.
And also from the Politico, Pelosi orders wide Wall Street probe, well this should be a nice “show trial” for sure. I cetainly hope it backfires on them and the real truth comes out.
Not likely, but I think they under-estimate the American People. We won’t really know for sure until November 4th when the American People WILL be heard.
“The Times Interviews John McCain
Following are excerpts of a transcript of an interview conducted by The New York Times’s Adam Nagourney and Michael Cooper with Senator John McCain in Hudson, Wis., on July 11. The answers are transcribed verbatim; some of the questions are paraphrased. The other people Mr. McCain refers to, who were in the room, are his wife, Cindy; Mark Salter, a senior adviser; Brook Buchanan, his press secretary; and John Taylor, an economic adviser.
Q: Do you use a blackberry or email?
Mr. McCain: No
Mark Salter: He uses a BlackBerry, just ours.
Mr. McCain: I use the Blackberry, but I don’t e-mail, I’ve never felt the particular need to e-mail. I read e-mails all the time, but the communications that I have with my friends and staff are oral and done with my cell phone. I have the luxury of being in contact with them literally all the time. We now have a phone on the plane that is usable on the plane, so I just never really felt a need to do it. But I do – could I just say, really – I understand the impact of blogs on American politics today and political campaigns. I understand that. And I understand that something appears on one blog, can ricochet all around and get into the evening news, the front page of The New York Times. So, I do pay attention to the blogs. And I am not in any way unappreciative of the impact that they have on entire campaigns and world opinion.”
“McCain’s severe war injuries prevent him from combing his hair, typing on a keyboard, or tying his shoes.”
And what about “Tax Breaks” for corporations? Corporations don’t really pay taxes. Actually they do but taxes are part of the cost of doing business. Those costs are passed on to the consumers in higher prices for goods and services. Obama is hoping you are educated in a government school and are unable to understand this.
After all, how do Democrats get elected? They use lies and distorted facts. They count on the dumb masses to be ignorant of the facts, playing on the human emotions of envy and greed. THEY ARE GOOD AT IT!
Maybe the next Obama ad will say that John McCain never learned to tie his shoes either. That will probably be next.
“John McCain’s self-deprecating statements about not “getting” the Internet”
were thrown out as a setup to the Obama campaign, and they ran with it. If Obama is so gullible, then what happens when Obama is duped by a world power such as Russia or China or Iran for that matter? In that light, maybe it would have been better for Obama to appear with the “Not Ready for Prime-Time Players” of Saturday Night Live after all. Clearly Obama is not ready for “prime-time” himself. It would have been a perfect fit.
Democrats Want Americans to Suffer if it Helps Them Win an Election
The Democrats will deliberately do things to sabotage the economy and the American way of life if they think it will help them win an election.
Powerline has the evidence in their post Democrats Root For Hurricane and as the article says, “You can draw your own conclusion about the moral stature of these people.”
“A donor named Hbkjb, jkbkj
City: Jkbjnj Works for: Kuman Bank (doesn’t exist)
Occupation: Balanon Jalalan Amount: $1,077.23
or the donor Doodad, The # of transactions = 1,044
The $ contributed = $10,780.00
This Doodad character works for FDGFDGF and occupation is DFGFDG”
Typical Democratic fund raiser. No accountability from the press. No acounatbility from the Federal Election Commision. No accountability from the American people.
The “Big O” gets a pass! Read the rest of the American Thinker article.
Hillary Clinton’s Bosnia lie was nothing compared to this!
Read On
Jerry Zeifman supervised 27 year old Hillary Clinton’s work during the Watergate Investigation. After the investigation was over she was fired. The reason according to Zeifman was; “Because she was a liar.” “She was an unethical, dishonest lawyer. She conspired to violate the Constitution, the rules of the House, the rules of the committee and the rules of confidentiality.”
Dan Calabrese of Northstarwriters.com has all the detail in his March 31, 2008 column. Watergate-Era Judiciary Chief of Staff: Hillary Clinton Fired For Lies, Unethical Behavior
Are you surprised? I’m not.
Read the account as told by Zeifman. This lady woman certainly doesn’t deserve to be President.
As Calabrese points out; “the pattern of lies, deceit, fabrications and unethical behavior was established long ago – long before the Bosnia lie, and indeed, even before cattle futures, Travelgate and Whitewater.
The denial of Democrats to the threat of Islam is bad enough but enter the first Muslim Democrat to be elected to office and he takes it to a new level.
Talking about 911,“It’s almost like the Reichstag fire, kind of reminds me of that, Mr Ellison said. After the Reichstag was burned, they blamed the Communists for it, and it put the leader [Hitler] of that country in a position where he could basically have authority to do whatever he wanted.” He later tried to back out of his remarks but it’s a little late for that in my opinion.
Political Fact: Nazis (National Socialist German Workers Party) were socialists and more closely resemble the Democrat Party than any other political party in The United States.
Congressman Ellison pulls the usual Democrat insult and paints the President of The United States with the Nazi brush. Hopefully the citizens of Minnesota will correct this in 2008.
Apparently the Democrats don’t want you to know what they are going to spend on “Pork” projects. According to the Associated Press article, Democrats Hide Pet Projects From Voters “Democrats are following an order by the House Appropriations Committee chairman to keep the bills free of such earmarks until it is too late for critics to effectively challenge them.” It goes on to say that, “Appropriations Committee members and staff have not had enough time to fully review the 36,000 earmark requests that have flooded the committee.” To me, it sounds like there are so many requests for pet projects the majority just goes along with them without question.
It’s business as usual in Washington DC. Billions after billions of our money being used by politicians to buy votes and stay elected. It never ends.
President Bush has it wrong on immigration. In his speech to the Federal Law Enforcement Training Center in Glynco, GA, Bush Defends Immigration Deal.The President is accusing the conservative base of misunderstanding the bill and says about the bill that it, “makes it more likely we can enforce our border and at the same time uphold the great immigrant tradition of the United States of America.”
With all respect to the President this is a slap in the face for everyone that have gone through the process of legal immigration. We currently have immigration laws that are not enforced and a border that appears to be wide open. What I want and what America wants is enforcement of the Immigration laws on the books now. Just recently Rasmussen had a poll that indicated that Just 16% Believe Senate Bill Will Reduce Illegal Immigration.
President Bush is wrong on this one. If he continues to go along with this it is going to be the equivalent of George Bush 41’s breaking the pledge on “read my lips, no new taxes.” I think the Democrats know this. They have President Bush right where they want him.
While shafting the American People by granting 20 million lawbreakers amnesty, the Chairman of the Republican Party, Florida Senator Mel, “Hanging with Teddy” Martinez gets a good laugh at our expense. They say a picture is worth a thousand words. This one says it all.
If you look close at the sign on the wall it says “Quiet Please.” As demonstrated by the US Senators pictured here the rule does not apply to them. Whether it’s conversations in the capitol or the illegal alien invasion of our nation, the rule of law means nothing.
The Democrat and Republicans In Name Only, (RINO)s, have lost touch with the American People. They have become the political elite and We the People have become "fly-over country." I am not a Nazi, a terrorist, a member of the KKK, a racist, or a member of an angry mob. I'm not a birther, teabagger, truther or astroturfer. I do, however believe in the original intent of the Founding Fathers, the United States Constituton and the rule of law. I believe that Government should serve the People, not the other way around. I’m an American and conservative to my very core.
