I have been on vacation for the last week, in Vienna. I was keeping track of the financial crisis, as best I could, being subject to only CNN and BBC. What amazes me, watching O'Reilly, is that Obama is up in the polls and McCain is down, over this crisis.
How is this possible? How is Obama benefitting, but McCain, not? Well, basically because people aren't informed.
Obama is the second largest recipient in Fannie Mae/Freddie Mac money - in only three years! Current members of Congress have received a total of $4.8 million from Fannie Mae and Freddie Mac, with Democrats collecting 57 percent of that.
Obama hired Jim Johnson (former Chairman from Fannie Mae) as one of his VP vetters, but had to resign due to scandal.
Obama, as a member of the Congressional Black Caucus, was praised by Fannie Mae and Freddie Mac, as *family* and the Fannie *conscience*.
Obama, and his BFF Pelosi, were called out by Rove as to blame for this crisis.
Obama, and the Dems, were called out as partly to blame for the crisis, by Bill Clinton.
Democrats, are seen here in 2004, attacking regulators and covering up the Fannie Mae/Freddie Mac scam.
Obama has close ties to Fannie Mae executives: Franklin Raines, James Johnson and Jamie Gorelick. All three Obama-related executives earned millions in compensation from Fannie Mae.
Johnson earned $21 million in just his last year serving as Fannie Mae CEO from 1991 to 1998; Raines earned $90 million in his five years as Fannie Mae CEO, from 1999 to 2004; and Gorelick earned an estimated $26 million serving as vice chair of Fannie Mae from 1998 to 2003, according to author David Frum, a fellow at the American Enterprise Institute. All three have been involved in mortgage-related financial scandals.
Obama, and the Democrats in Congress have repeatedly fought back Republican Party efforts to reform the two mortgage banking giants, with the failure to pass the Federal Housing Enterprise Regulatory Reform Act of 2005.
In contrast, McCain warned of the coming mortgage crisis as he pressed in 2005 for regulatory reform of Fannie Mae and Freddie Mac.
“For years I have been concerned about the regulatory structure that governs Fannie Mae and Freddie Mac – known as government-sponsored entities or GSEs – and the sheer magnitude of these companies and the role they play in the housing market,” McCain said on the floor of the Senate in 2005, speaking in favor of the Federal Housing Enterprise Regulatory Reform Act of 2005.
But, Obama gets all the praise? Obama gets all the credit? For WHAT?? He didn't even come up with a plan, and tried to call McCain to form some sort of bi-partisan statement because he couldn't come up with anything on his own. And then he gets all pissy because McCain made a statement without him, about suspending his campaign. What does McCain owe Obama? Why should he be obligated to form a bi-partisan statement with Obama? He doesn't respect Obama, or his ties to this mess, in my opinion, so why should he help Obama out?
It just baffles me. UPDATE: I just saw this great post on Savage Politics.
But, moving on, I can't wait to see the VP debate tonight.
Thursday, October 2, 2008
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5 comments:
I wondered where you were. I hope you had a nice vacation.
I really don't think Obama is taking any credit. He pretty much stayed out of it. What dragged McCain down is very simple Sara.
"The economy is fundamentally sound". That was it basically and the horrible responses from Palin during the Couric interview. According to what I've read all over the place, Drudge, PSB, HuffPo, Marsh, Fox, O'Reilly and others is that McCain is not talking to the middle class with his campaign.
You also have to take into account all of those voters that recently registered that might be getting called now. That might be polling the numbers up as well.
I too, will be up at 2am tomorrow morning to watch the debate. I want to see it LIVE.
Expat in Germany.
Welcome home.
Ciao Expat!
Unfortunately, Mccain was attacked on one snitpit of his comments, that many have agreed with.
"As you know, there's been tremendous turmoil in our financial markets and Wall Street, and it is -- it's -- people are frightened by these events. Our economy, I think, still the fundamentals of our economy are strong. But these are very, very difficult time. And I promise you, we will never put America in this position again. We will clean up Wall Street. We will reform government."
http://thepage.time.com/2008/09/15/mccain-fundamentals-of-economy-are-strong/
http://www.usnews.com/blogs/capital-commerce/2008/9/16/mccains-right-the-economy-is-fundamentally-sound.html
Bloomberg agrees with McCain: Economy 'fundamentally ... strong'
I just now asked the New York mayor, a former Wall Street hand who's been in the mix in the current crisis, whether he agrees with McCain that the fundamentals of the American economy are strong.
"I do agree that fundamentally America has an economy that is strong," he said. "America’s great strength is its diversity, its hard work, its good financial statements, its broad capital markets,its enormous natural resources" and its work ethic, he said at an afternoon press conference devoted to reassuring New Yorkers that the city's finances and its economy are intact.
"I'd rather play America's hand than any other country," he said. "Without problems? No."
I have only seen snipits from the Palin interview, and it appeared cringe worthy. But, that is not to say I have not witnessed numerous cringe worthy responses from Obama either....
But, I was commenting more on the fact that the pundits are all crediting Obama and the polls, showing that he is benefiting from the financial crisis. And I have heard Obama say that he was for reform - basically reversing the actual position. Wacky!
I hope I can stay up for the debate - I SOOOOOO want to see it live. :OD (I am kind of scared.. haha)
You know, in all honesty, I want Ms Palin to do well and I hope she just doesn't do good interviews. Or maybe, she's been playing a game with the media because I've watched her debates from Alaska and was dumbstruck. Where's that folksy accent? Where is the fumbling answers?
That's why I have to watch it LIVE. I want to see it for myself to know for sure if she's playing the MSM or if she really is Caribou Barbie. Sorry about the dig, but I chuckle everytime I see her.
Expat in Germany.
:-)
Hi, Sara!
I just dropped by to say we miss your comments at Camille's blog. Seems lately alot of people are dropping off the map and drifting away. The die hards will be there tonight, live blogging the debate. Naturally we'll be pulling for Sarah.
Take care!
Portia Elizabeth
Where do you find this stuff? Once again, this is the very first time I have seen anything on Obama's ties to the "crisis". Guess how he voted last night? Yup. In that respect, they both want to rob us.
You all are brave to watch the debate. I'm in Oregon (w/o a TV) and I just can not go to our local
pizza/internet place because it's filled with liberal misogynists. I can not think of one public place I could watch the debates without getting so irate at people's (men but also women) comments that I storm out and ride my bike home, angry for the rest of the evening.
I do look forward to your analysis of it.
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