Archive for September, 2008
Obama is a liar | Subprime mess, hello Democrats
Barack Obama is a blatant liar. And worse, the crowds who come to hear him believe every word.
In a speech today, Obama blamed the sub-prime mess on the Bush Administration in his zeal to tie Sen. McCain to the president. His crowd cheered loudly. Obama was engaging in bald-faced lies.
The fact is that the Bush administration sent requests to congress to pass additional oversight legislation to scrutinize Fannie Mae and Freddie Mac. Not once, not twice, but six times. Democrats, in particular Barney Frank and Christopher Dodd, blocked any effort to delve into the financial practices of the two loan giants. All the time, Barack Obama was the number two recipient of funds from Fannie and Freddie, and measured by time in the congress; number one.
I would characterize someone willing to tell bold lies in this fashion; a crook. Obama has no scruples. He is part of the problem, but is willing to accuse those who wanted the problem fixed, before it effected taxpayers. Obama was on the take, so he turned a blind-eye to the corrupt practices at Fannie Mae and Freddie Mac. He then lies to a gullible crowd who never questions his rhetoric.
Shall we talk about laws that came out of the Carter and Clinton Whitehouses that are at the very core of this whole problem in the first place? Do the Obamadelusionals in the crowd know their history well enough to know how Jimmy Carter factors into all this? (the 1977 Community Reinvestment Act (CRA) ) Of course not. Blaming everything on the Bush administration is the approach that doesn’t require thinking.
How about Jim Johnson and Franklin Raines? Obama advisors who received tens of millions from Fannie Mae and Freddie Mac. Who’s part of the problem and who has hurt the American economy? In 2005, John McCain co-sponsored a resolution to create more scrutiny of Fannie Mae and Freddie Mac. Democrats squashed it.
As Investors Business Daily put it; ‘Obama and Democrats on the Hill think even more regulation and more interference in the market will solve the problem their policies helped cause. For now, unarmed by the historic record, conventional wisdom is buying into their blame-business-first rhetoric and bigger-government solutions’.
If someone is willing to lie during their campaign and lie blatantly, what will they do in the Whitehouse?