Is Obama serious?

[Eliot Ness]

Originally Posted by Holden_C04

I have simply discovered a lot of unusual evidence that would suggest they had some role. Until that evidence is somehow refuted to my satisfaction, I will continue to believe that...........

You discovered a lot of evidence? Was that you I saw on the news sifting through the debris at ground zero. Or do you actually mean that you found internet sources that support your conspiracy theory's? Better tell the aliens to lower the voltage when they run your next exams.

[Showroom Shine]

You have all made some valid points. CEO's make to much. I do not think it is Obama's or Mc Cain's fault. Our current Idiot does not care ,nor has he done what most think he should have. Fighting a war that can not be won. Sports Stars and actors make way to much too. If all the rich would pitch in they could bail out the country! But that would not be fair either. Spending Big $$$$$ everyday. I just know I do not want the new people doing what the last 2 nuts did. We had all better be Praying.
No I did not loose my house,or job Thank God. But I have family and know those who have. Yes Greed is the main reason,and those in charge let it happen, because they'll still get their pension. The working folk will pay it. The economy has affected life as we all knew it. At 51 years old, I think it will get worse before it gets better. To many of the same players in the game. The players will change, but game won't. Most of the Big wigs are Robbing Hoods!

[Holden_C04]

Originally Posted by Eliot Ness

You discovered a lot of evidence? Was that you I saw on the news sifting through the debris at ground zero. Or do you actually mean that you found internet sources that support your conspiracy theory's? Better tell the aliens to lower the voltage when they run your next exams.

Why not crawl back into your Kentucky shack?

[Eliot Ness]

Originally Posted by Holden_C04

Why not crawl back into your Kentucky shack?

Gee golly, you're gonna hurt my feelings

I'd still like to know about all the evidence you discovered. I hope you've at least got it secured in a storage locker somewhere.

[jfelbab]

You'd think that the news media would want to be all over that evidence. Have you contacted them about it?

[Bunky]

Originally Posted by wannafbody

McCain sponsored legislation to reform Fannie Mae in 2005. democrats like Dodd and Frank killed it. Obama has been in the senate for 4 years and is number 2 on the donation list from Fannie Mae.

It is unfortunate that the answer is not so simple. It does make nice sound bites for a 15 sec ad but in an election year we cannot let facts stand in the way of politicis.

We now have seen how much change McCain (or even Obama) can do. This legislation did get voted out from committee in the Senate that McCain co-sponsored.

Yet, it never got a floor vote. This was in a republican (!) controlled Senate so if he cannot get something out under these situations, how is he going to do it as President? If it did get delayed, there must have been republicans that also did not want this bill. And now, he could not even get his our party to pass the bailout bill on the first try. The dem's did meet their goal of delivering half the votes. How can he be change (again, Obama is in the same situation). McCain is likely to face a democratic House and possibly an even more democrat senate next year if the polls are accurate. At best, no difference than today's situation/

Look at how the bailout bill got passed and there were tax breaks for NASCAR buried in the bailout bill!

[jfelbab]

Originally Posted by Bunky

It is unfortunate that the answer is not so simple. It does make nice sound bites for a 15 sec ad but in an election year we cannot let facts stand in the way of politicis.

We now have seen how much change McCain (or even Obama) can do. This legislation did get voted out from committee in the Senate that McCain co-sponsored.

Yet, it never got a floor vote. This was in a republican (!) controlled Senate so if he cannot get something out under these situations, how is he going to do it as President? If it did get delayed, there must have been republicans that also did not want this bill. And now, he could not even get his our party to pass the bailout bill on the first try. The dem's did meet their goal of delivering half the votes. How can he be change (again, Obama is in the same situation). McCain is likely to face a democratic House and possibly an even more democrat senate next year if the polls are accurate. At best, no difference than today's situation/

Look at how the bailout bill got passed and there were tax breaks for NASCAR buried in the bailout bill!

Guess you weren't paying attention in Civics 101, because it was not a Republican controlled senate as you state.

To control the senate you need more than the simple majority. See, in the senate you need 60 votes to pass a bill, and while in 2005 the Republicans had the majority (55 members) they didn't have the 60 members needed to control the senate.

This bill was brought back again in 2007, once more to much caterwauling by the Democrats who were on the take from Fannie and Freddie, and who promptly declared it dead again.

It gets even worse. If the Democrats had actual control of the Senate, can you imagine how bad things would be now? It was, after all is said and done, Democratic Policy that got us into this mess. I can't understand how anyone can blame the Republicans for trying to stop this madness that was caused as a direct result of Democratic policy, corruption and greed. It was the Democratic policy that demanded banks give loans to unqualified people. The Democrats threatened to penalize any banks who didn't go along with these absurd policies. Now some want to blame the Republicans for failing to successfully stop these idiotic Democratic policies. That's like blaming an unarmed shooting victim for not taking the gun away from the shooter.

Follow the money. Who got the most money out of this fiasco? It was the Democratic CEO's of Fannie and Freddie, who had to resign under fraud investigations. Next you have their corrupt political supporters, Chris Dodd, and Obama. The two highest campaign contribution recipients from Fannie and Freddie. You also have Barny Frank who is in a class all by himself. Just follow the money and you will see where the corruption and greed leads you.

YouTube - Burning Down The House: What Caused Our...

YouTube - Covering Your Fannie, Who Really Caused...

But rest assured it can and may get worse. If the polls are any indicator of what may happen we could wind up with a total Democratic run government. Just imagine how many more fiascos like this financial crisis they will hatch with no one to call them on it. We may just become the USSA, Unites Socialist States of America.

Welll here is just a hint of what Obama has planned for everyone.

YouTube - Does Barack Obama Favor Sex Education...

[Bunky]

You can try to paint the democrats as totally responsible but there are plenty of republican co-conspirators. Blaming democrats and supporting republicans is not going to yield the change the country needs as it did not over the last 8 years. It is going to take term limits, etc. to get the change we need.

In my research of the facts. the bill in question never came to a floor vote. It would have nice if it did.

One of my main point, if McCain cannot even control his own party to vote for the bailout bill, he is not likely to be any agent of change just like Obama especially in a likely democratic controlled congress thanks to Bush.

The reasons the republicans have not delivered the change over the last 8 years as we had wanted was because they are part of the problem too. Bush could have vetoed a number of bills but he was more interested in fighting a war and keeping the economy up by giving away money we did not have.

Change happens when you change something. I do not think electing Obama or McCain is going to mean a lot of change. We may get some reforms at SEC and on Wall Street.

Added:
We would have to hear from Rick Santorum, the Republican that controlled the agenda, on why this bill was never taken to the floor. The House passed a bill by a 2:1 on housing reform (not identical) as well in the same year. Reports I see say Bush and Greenspan did not favor this bill either supposedly it was not much reform. And, McCain was a very late co-sponsor (after it was supposedly dead) once the accounting irregularities came to light. There is rarely a black and white answer.

[jfelbab]

Bills in the senate seldom go for a vote when there are not enough votes to pass them. In this case in a straw vote, there were only 55 votes all from the Republicans and no Democratic support so the bill died.

I see the Democrats in Congress, led by Pelosi, blaming Republicans and "Bush's failed economic policies" to quote Nancy, for the financial crisis. I can only assume that they think that they can lie their way through this, it's their SOP, tell a lie long enough and over and over again and people are dumb enough to think it is the truth. Pelosi states that the Democrats have no responsibility for this crisis. So I conclude that she is another congenital lier.

Below you will read some snippets from a 1999 New York Times article, NYT - a totally liberal rag BTW, detailing the events that led to the current financial crisis.

These quotes don't mention the fact that it was the Community Reinvestment Act that gave birth to easing credit requirements for borrowers. The Community Reinvestment Act was signed by Democrat Jimmy Carter and greatly liberalized by Democrat Bill Clinton. President Bush had tried repeatedly during his administration, as early as 2001, to re-regulate Fannie and Freddie, but was blocked each time by Democrats who have said that there is no problem with Fannie and Freddie. Democrats are on record saying that Fannie and Freddie were just fine and didn't need any regulation or Republician meddling.

Now we see the Democrats trying their best to lie their way out of any responsibility for their mess. Too bad that with today's technology, they can't cover this stuff up any more.

"In a move that could help increase home ownership rates among minorities and low-income consumers, the Fannie Mae Corporation is easing the credit requirements on loans that it will purchase from banks and other lenders.

The action, which will begin as a pilot program involving 24 banks in 15 markets -- including the New York metropolitan region -- will encourage those banks to extend home mortgages to individuals whose credit is generally not good enough to qualify for conventional loans. Fannie Mae officials say they hope to make it a nationwide program by next spring.

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 and felt pressure from stock holders to maintain its phenomenal growth in profits.

Fannie Mae has expanded home ownership for millions of families in the 1990's by reducing down payment requirements,'' said Franklin D. Raines, Fannie Mae's chairman and chief executive officer. ''Yet there remain too many borrowers whose credit is just a notch below what our underwriting has required who have been relegated to paying significantly higher mortgage rates in the so-called subprime market.

In moving, even tentatively, into this new area of lending, Fannie Mae is taking on significantly more risk, which may not pose any difficulties during flush economic times. But the government-subsidized corporation may run into trouble in an economic downturn, prompting a government rescue similar to that of the savings and loan industry in the 1980's.

From the perspective of many people, including me, this is another thrift industry growing up around us,'' said Peter Wallison a resident fellow at the American Enterprise Institute. ''If they fail, the government will have to step up and bail them out the way it stepped up and bailed out the thrift industry."

BTW, Franklin Raines was head of the Budget Office in the Clinton administration. Bill Clinton then appointed him CEO of Fannie Mae.

Again, let me repeat that this crisis was caused by Democratic policies and trying to blame Republicans for not putting a stop to these idiotic and dangerous Democratic policies is ridiculous.

[rt4x4]

Didnt Phil Gramm one of Mcains advisors write the bill for deregulation in Oct of 1999

[Setec Astronomy]

Originally Posted by jfelbab

I see the Democrats in Congress...think that they can lie their way through this, it's their SOP, tell a lie long enough and over and over again and people are dumb enough to think it is the truth.

C'mon now, the Dems hardly have a lock on that method.

[BigAl3]

just a heads up.... The second presidential debate is scheduled for Oct. 7 and a third on Oct. 15.