How Much Does Obama Know About Our Economic Crisis? [Updated]
By SusanUnPC on September 18, 2008 at 8:21 PM in Barack Obama, Economy, Qualifications, Tony Rezko
Today, the McCain camp released this frightening new TV ad about the kinds of advisers that the inexperienced, unqualified Obama is surrounding himself with.
Is it a stretch to call them crooks? They’re just like Obama’s bosom buddy Tony Rezko who enabled Obama to buy a mansion he couldn’t afford in exchange for Obama passing on millions in government housing contracts and state pension funds that Rezko defaulted on. Never mind the rat infestations, the broken plumbing that spewed sewage through the kitchen faucet, or no heat for MONTHs in the winter in the housing projects that Tony Rezko “managed” and “renovated.” The sole interest of Barack’s best buddy Tony was to make big bucks off taxpayer money. The only difference between Rezko and Obama’s current set of advisers is that, unlike Jim Johnson and Franklin Raines, Tony Rezko is going to prison. Here’s Raines:
You see, under Franklin Raines, Obama’s economic adviser — just like his crony at Fannie Mae, Jim Johnson, who Larry pointed out earlier today headed up Obama’s V.P. selection committee — “Fannie Mae committed ‘extensive financial fraud’ and was forced to pay a $400 million civil penalty,” writes the Washington Post.
“[T]he Securities and Exchange Commission and the Office of Federal Housing Enterprise Oversight found that Fannie Mae under Raines perpetrated ‘extensive financial fraud’ so that executives could collect big bonuses,” adds the Post.
So these are the “experts” that a wholly inexperienced Barack Obama would bring in to the White House. HOLD ON TO YOUR WALLETS! And pray!
Since his departure, Franklin Raines has managed to eke through on a pension of $110,000 per month — his retirement package will eventually earn him $25 million, it’s estimated. He also is forced to live this life style, writes the WaPo:
In the four years since he stepped down as Fannie Mae’s chief executive under the shadow of a $6.3 billion accounting scandal, Franklin D. Raines has been quietly constructing a new life for himself. He has shaved eight points off his golf handicap, taken a corner office in Steve Case’s D.C. conglomeration of finance, entertainment and health-care companies and more recently, taken calls from Barack Obama’s presidential campaign seeking his advice on mortgage and housing policy matters.”
– From the WaPo article, “On The Outside Now, Watching Fannie Falter”
UPDATED [by Larry Johnson]: If there was any doubt that Fannie Mae was the friends and family program for Barack Obama check out this video:
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By Sarah Palin (Release date: November 17. 2009)
Obama scares the shit out of me. I pray every day that he is crushed.
Does Obama remind any other then me of the charater Eddie Haskell on Leave It To Beaver?
Maybe a little. But Eddie was far more charming.
He reminds me of Harcourt Fenton Mudd (classic Star Trek reference).
Alfalfa (i.e., not Buckwheat for you obamabot trolls) comes to mind. I bet he sings as bad, too.
I kind of liked the way Alfalfa sang. It was sort of endearing. I don’t think there’s anything endearing about Barry. He’s a crook and I hope he eventually gets to wear that orange jumpsuit.
PUMA
Oh please! Eddie Haskell was mischievious and a phoney butt-kisser, but he was STILL a GOOD kid; he wasn’t mean - and besides his best friend was Wally, so how COULD he be a bad guy? LOL! (Obummer doesn’t hang out with any good guys)
Maybe Bill Clinton feels that way too
Bill Clinton: McCain ‘A Great Man’; Praises Wife’s, Not Obama’s Economic Plan
Email
Share September 18, 2008 6:33 PM
ABC News’ Jennifer Parker reports: Former President Bill Clinton has largely kept himself out of the public eye since his wife lost the Democratic primary to Barack Obama.
However in a rare television interview tonight, the former president called Republican presidential candidate John McCain “a great man” and praised GOP vice presidential candidate Sarah Palin as an “instinctively effective candidate.”
On a day when Obama sought to convince voters that he’s best able to handle the economic crisis, the former president said it was his wife, Sen. Hillary Rodham Clinton, D-N.Y., who gave today “the most detailed position.”
In an interview with CNBC’s Maria Bartiromo, Clinton, who has tried to put to rest rumors of tensions between himself and Obama said, “I’ve never concealed my admiration and affection for Sen. McCain. I think he’s a great man.
“But, I think, on the issues that matter to our future, the Obama-Biden team is, is more right,” Clinton said of the Democratic ticket. “And I believe they’re gonna win. But, I think that it will be competitive until the end.”
A ringing endorsement it wasn’t.
The former president said Obama “has offered some very specific and sensible economic reforms and healthcare reforms.”
Clinton, who said he agreed with the US Federal Reserve decision to bailout insurance giant AIG, said his wife who today gave, “the most detailed position I’ve seen on what she felt we ought to do on the finance crisis.”
The two-term former Democratic president invited Obama to lunch in his New York office last week and has agreed to campaign for him in the coming weeks.
But if tonight’s interview is any indication, Bill Clinton will not be lavishing praise on his wife’s former primary rival.
Clinton predicted the Democrats will win back the White House in November because voters are ready for a change.
“I think what, what typically happens in these elections if you look throughout American history when the country’s in a fix and you know where we’re going is not sustainable, then there is typically a breakthrough,” he said.
“I think that the, the people said, ‘Well, they [Republicans] had the Congress and the White House for six of the last eight years. We’re in trouble. We liked Senator McCain. We recognize he’s a little bit of a different kind of Republican. But, we’re gonna make a change.’ And I think that’s where they’ll be and I think that you’ll see a victory for Obama and Biden,” Clinton said.
However, Clinton, said there could still be “some unforeseen development,” perhaps in the debates, he said, that could threaten a Democratic win.
“Barring some unforeseen development like in– something happens in the debates we don’t know about. I– I– I– it may not be apparent in the polls until last week or two of the election. But, I believe that it will be apparent on election day. I think that– I think Senator Obama will win this election,” Clinton said.
Asked if he was surprised by the bounce McCain received in the polls after choosing Palin as his vice presidential candidate, Clinton said he wasn’t, and lavished praise on the Alaska governor.
“No, she’s a– she’s an instinctively effective candidate,” he said, “And with a compelling story. I think it was exciting to some, that, that she was a woman. It was exciting that she was from Alaska. It was exciting that she’s sort of like the person she is. And she grew up in a, came up in a political culture and a religious culture that is probably well to the right of the American center. But, she didn’t basically define herself in those terms,” Clinton said.
“She handled herself very well,” he said, “I get why she’s done so well. She, she’s, it’s a mistake to underestimate her. She’s got good intuitive skills. They’re significant.”
Asked whether his wife intends to run in 2012 if McCain wins, Clinton did not rule it out.
“I don’t know,” he said, “You know the one thing we’ve learned at, at our age is that, you know, I hope we’re both active till we’re 90 and healthy. But, I think that her focus will now be on what she can do in her present positions to try to help her deal with all these things that threw her into the presidential race in the first place,” he said.
Clinton added, “I think that– that what she will do is to continue to try to be a national voice as a result of her campaign on economic and healthcare and energy issues that got her into this presidential race in the first place.”
The former president suggested he and his wife have put aside “personal politics” and are working hard to elect Obama.
“She’s workin’,” he said of the New York senator. “You see her. She’s out there workin’ hard for Senator Obama. She, like me, believe he’s gonna win. And no matter who wins, we’ve got to put our, our own personal politics aside for the next couple of years and get after these problems,” he said.
“We’ve got, we, we’ve got to shelf the politics for a while and work on the substance. And if we’ll do that, the politics will take care of itself,” the former president said.
September 18, 2008 in Clinton, Bill, Clinton, Hillary, McCain, John, Obama, Barack, Vote 2008: Democrats, Vote 2008: Republicans | Permalink | User Comments (283)
kbdabear:
Thank you for posting this!!!
this, with the two big endorsements yesterday, cannot be coincidence…
National Review Online has a followup on this:
The McCain has released a new ad entitled “Advice.” It says:
Obama has no background in economics.
Who advises him?
The Post says it’s Franklin Raines, for “advice on mortgage and housing policy.”
Shocking.
Under Raines, Fannie Mae committed “extensive financial fraud.”
Raines made millions.
Fannie Mae collapsed.
Taxpayers? Stuck with the bill.
Barack Obama.
Bad advice. Bad instincts. Not ready to lead.
Just a few moments ago, the Obama campaign released a statement from Raines:
I am not an advisor to Barack Obama, nor have I provided his campaign with advice on housing or economic matters.
Added Obama spokesman Bill Burton:
This is another flat-out lie from a dishonorable campaign that is increasingly incapable of telling the truth. Frank Raines has never advised Senator Obama about anything — ever…
Now, when the ad was released, the McCain campaign also released this supporting information:
As far as I can tell, the Post has not corrected its reporting. Who is correct? We’ll see.
http://corner.nationalreview.com/post/?q=NDY5MGQ1MWMwMjQzM2E5ODI0NzNiZmUyZDVkNGVkYTY=
Obama is rising, the American people don’t care about these types of distractions from the McCain campaign. The American people wants change from the failed policies of the past 8 years. McCain is offering more of the same, Barack Obama will offer change.
When will BO offer change? Do you know?
He’ll make change as soon as you do your patriotic duty and give him all your money.
Franklin Raines was the direct cause of some of the “failed policies of the past eight yeears.” He is one of Obama’s key economic and financial advisors, and will likely play a key role in an Obama administration. Change? Bullshit. Obama is the new Bush, and his choices like Raines for policy advisors, and possibly Treasury Secretary, prove it.
Of course, Obama will say that any criticism of Raines is “code language” for racism. They have already began to throw down the race card by saying that unless Obama is eight point up in the polls on election day, he will likely lose because of the “Bradley factor.” To me, this is code language for guilt mongering.
But it won’t end there. The next step in the Obama campaign will be the threat of racial violence if Obama doesn’t win. If Obama drops in the polls after the debates, or really any time before the election, standby for the race riot threat. The problem is, we know that game, and are getting tired of it. Obama uses it at his own political risk.
shut up you fucking asshole…we are tired of you peddling your Obama horseshit here. You’re a fucking satanic kook…go get some mental help.
Hey Free Dumb:
What exactly does that change look like?
What specifically will it involve?
Stop the stupidity and the hate!
Change like picking Washington insider Joe Biden for his vp? Joe Biden who has been in the Senate since I was in college? Now there’s a change for you.
LOL. Poor little $7.00 an hour Obot troll. We know it’s already over for Nobama. And you know it too.
By all means continue to use up space at OUR blog if Axelrod and the goons think it will “help” your lost and ignoble cause, but it’s not going to change a thing.
On Nov 4th McCain/Palin will defeat Barky. And the REAL democrats…not the hateful bully obamacrats.. will start to clean and reform the party.
PUMA
FF: yes, he’ll offer you a dime, a quarter and a nickel but he’ll keep the $100’s all for himself.
BAD change.
Change for the worst.
Change the American people CANNOT afford.
John McCain is the change we need.
And he will become the next President of the United States.
McCain/Palin ‘08 -
The REAL Change we can believe in!
That’s not what Larry Sinclair said.
Foo Frighter;
what WAS barko supposed to say?
Your mom might care, since she’s the one with the mortgage on the house that contains the basement where you post from!
Kool-aid cultist.
“Barack Obama will offer change”
**
“Change” in his pockets and to his cronies - that’s FOR SURE!
Obama is sinking like a big ball of lead.
foo frighter;
not you again… trollin’ for dollas?
He knows only enough to bamboozle half of the population of the U.S. and 1/4 of the population of the world.
I think Obama knows plenty about it….
Obama owes everyone and their mother favors. Nobody gets rocketed to a presidential nomination this quickly without owing favors all over the place. He will bring all the corupt Chicago players with him. May God help us all….
How many times do I have to tell these people to f-off?
This was in my in-box this evening
Dear Kevin,
Hi, my name is Roger Fisk and I’m the State Director for the Obama campaign here in Massachusetts. I want to tell you about an exciting program we’re launching called Camp Obama.
During these training sessions, people like you will be taking their support for Barack to the next level by learning the organizing principles that this campaign and our movement for change are built on.
Camp Obama attendees will receive real world organizing experience that will have a direct impact on this election. Graduates of Camp Obama will go on to become Deputy Field Organizers who will lead this campaign to victory in crucial battleground states around the country.
Find out more about this exciting opportunity to take a leadership role in this movement for change.
By participating in Camp Obama, you’ll get the kind of experience that Barack got as a community organizer on the South Side of Chicago, where he learned that real change happens from the bottom up.
That experience transformed Barack’s life and made him who he is today.
Camp Obama is your chance to put those very same principles into action — to win this election and to strengthen democracy in communities around the country.
After completing the program, you’ll be required to work as a Deputy Field Organizer in a battleground state where you’ll organize supporters and help lead our grassroots Get Out The Vote operation.
Apply for a spot at Camp Obama and become a leader in our movement for change:
http://ma.barackobama.com/CampObamaMA
This campaign relies on the passion and enthusiasm of ordinary supporters, but it needs leaders who can organize these supporters and turn their enthusiasm into votes on Election Day.
Camp Obama is your chance to step up and become a leader in this movement.
Thanks,
Roger
Roger Fisk
Massachusetts State Director
My response?
I will not be brainwashed!
PUMA!
Fuck you!
Obama for America
Camp Obama? They don’t need that, all they have to do is hook up w a gang or the thug punks in the neighborhood to learn what they are doing…same thing.
Excellent response, Kevin!
Why not just say “After you attend Camp Obama, you too will be qualified to be president!”
LOL! I was thinking the same thing and scrolling down to leave such a comment.
We have a family friend, quite elderly, who was in the hitler youth as a young girl in Germany, she believes that Obama is the reincarnation of hitler.
I am beginning to believe her.
lol…too funny
hey my too funny wasn’t in reply to the hitler you thing
ugh this whole thing is so ugly
Hello Fadda, Hello Mama,
Things are great at, Camp Obama….
This stuff just writes itself…lol.
Good one.
I hope someone goes to Kamp Kool-Aid and writes a book about it.
LMAO @ “Kamp Kool-Aid!”
“After completing the program, you’ll be required to work as a Deputy Field Organizer”
There’s that “required to work” phrase again.
Day one at Kamp Obama
0300 Wake up call (Barbara Streisan sings “Nearer my Obama to thee)
0330 Barrakkks inspektion
0400 PT (Barbara Streisand sings kadenz)
0430 Orientation session with Kamp Kounselors
0500 Breakfast (argulla and Koolaide)
0530 Hopium break
0600 Indoctrination (3 hours of Hope, Khange and Bitches and Hos-how to tell them apart)
0900 Koolaide and Hopium break
0930 Invocation by the Most Reverand Jeremiah Wright
1000 Alone time with Father Pfleger
1030 Showers
1100 Writing lesson (how to get in someones face on a blog)
1200 Lunch (More koolaide!!!)
1230 Video message from Jesse Jackson, Jr. (Theme, OJ Simpson was framed)
1330 More PT (Oprah Winfrey is chasing you, and is REALLY, REALLY, REALLY HUNGRY)
1400 ACORN Presentation-How to wind minds and register the dead
1500 Hopium and Koolaid break (Cannonball!)
1530 Writing letters home (Dear Mummy and Daddy, Send money to Barack, he’s poor, and needs a fix
1600 Writing letters to friends
Send money to Barack, he’s poor and REALLY REALLY needs a fix, have you seen his wife?
1700 More PT- Matt Damon is chasing you and he’s REALLY REALLY REALLY Hungry for your tax deductible dollars
1730 More private time with Father Pfleger (no, thats not a roll of quarters in my pocket, but I am glad to see you
1800 dinner-All you can eat argulla bar and endless Koolaide
1900- Hopium shotgun session (blowing hopium smoke into you, even if you’ve had enough
2000- Write letters to former employers, distant relatives and “friends” you never really liked to begin with, beg, plead for $$$
2100 Lights out at Kamp Obama
LOL!
ROTFLMAO!!!!!!!!!!
“Are you about to call me an asshole?!!” - Sgt Hartman
http://www.realmofdarkness.net/sounds/fmj/sgthartman-soundboard-2.htm
Comedy gold!
You should be a stand up comic. This is hysterical. ROFL over Obama needing money so he can get a fix!!!
“Barack Obama will require you to work. He is going to demand that you shed your cynicism. That you put down your divisions. That you come out of your isolation, that you move out of your comfort zones. That you push yourselves to be better. And that you engage. Barack will never allow you to go back to your lives as usual, uninvolved, uninformed.”
Starts at 7:30.
http://video.google.com/videoplay?docid=3335264438614927798
Highlights of Michelle’s speech with some commentary.
LOL! I noticed that “you’ll be REQUIRED…” too - SCARY!
You should have emailed them and said under reason; to become a community organizer so I can run for the presidency in 2012.
“By participating in Camp Obama, you’ll get the kind of experience that Barack got as a community organizer on the South Side of Chicago, where he learned that real change happens from the bottom up.
That experience transformed Barack’s life and made him who he is today.”
MAN, ENOUGH SAID!
OMG was the email a spoof or for real - ‘movement for change,’ ‘Camp Obama,’ sounds like Hitler’s Youth ‘Camp.’ Apparently, these people don’t know how scary this kind of stuff sounds to people. The ‘movement’ has the makings of a cult from what I can tell.
“I’m not the first to point out that the Obama campaign seems dangerously close to becoming a cult of personality.” — Paul Krugman
When has Obama ever produced any change in the past? What has he reformed? What kind of admin experience does he have? What did he run and succeed? “Hopey changey” is getting very thin and the glitter has worn off. Obama was never a viable candidate to begin with. Those of you who think this is even going to be close are just worriers - Barky is dead meat.
Nothing. Nada. (Thanks, Rudy.)
It seems the subliminal message of the Obambi campaign is “You think the Repubs were corrupt; Wait till you see us!!”
That and “Get in on the ground floor!”
Obama is a LOT MORE RESPONSIBLE than being blamed for…there is a video on GATEWAY PUNDIT where the CEO of FANNIE MAE is talking to the black caucus in 2005…his name is D.MUDD and he is telling the Black Caucus that FANNIE MAE is in trouble but will continue to look at the black caucus as “family” Obama and Michelle are present hearing this guy speak of ‘troubles’ but instead of seeking help for fannie mae or letting Congress know..Obama starts lining his pockets with $$$$ maybe “to look the other way”still pay-to-play as usual but now its costing all taxpayers $$$ not just Chicagoins…
Yes, and they’ve all cashed their checks and transferred the bill to the taxpayers. It’s the new equal opportunity indentured servitude. We, our children, and our grandchildren must work to keep this creative class in the lifestyle to which they’ve become accustomed. Now that’s community organizing. That’s change.
Newt Gingrich and Hannity are laughing at Colmes..another moron.
I know..lol.
I could just read their minds, “does he really want to go there?”
On the other hand, the sudden economic crisis actually allows Obama to reveal himself to everyone in his best natural way. What you see is what you get. And what has he revealed so far? Is quite extensive but at least a few:
First he is the elitist professor who explains it to us. He explains it as a failure of the republican regime. As a professor he tells us of his 5, or 6, or 10 point solutions that he has for everyone to accept.
He also tell us that he will do this. Not Congress, him. Today it was a little different. He and his advisers will do it for us. He doesn’t need any help. He and his advisers know what to do and whazzooom presto, problem solved.
He also told us yesterday that he will re-structure the economy and the markets by naming an “Anticipation” Advisory Board. [He likes boards.] He said the Board will act under the President. From their advise he will be able to anticipate and make adjustment ahead of the problems. A market pre-emptive doctrine [a la Bush 3]. I guess we can start calling it the Obama Economic Doctrine. If anything threatens to skew the good working of capital he will put a stop to it before it hits. Expect more on this subject, but for now, expect him to work closely with the Russians and the Chinese to get this doctrine well honed.
There is more but just a few thoughts.
Another president used to call that his “Brain Trust.” Another plagiarism.
Orange jumpsuits would have been a very effective “anticipatory advisory.” This crap will continue unabated because the worst thing that happens is they have to give back some of the money.
Bill Clinton suggests Hillary has the best economic plan to handle the crisis, finds Palin compelling, and thinks McCain is a great man. http://blogs.abcnews.com/politicalradar/2008/09/bill-clinton-pr.html He says he does think Obama will win, but it will be close. But if I were Obama I would not let Bill go out on the campaign trail. He may speak the truth.
well I like Bill Clinton but he does not know what is going to happen. Perhaps he is just trying to show a minimal amount of support.
I think you’re right.
There was a write up a few weeks back, where Bill Clinton supporters said, they did not support Obama…Maybe there all part of the Bradley factor..I also heard, Geraldine Ferrarro talk about Country First,so maybe there all using a sign language, to tell there friends vote Mccain.lol..This is all my opinion.
uh oh, Hannity and Colmes is talking w Gingrich about Obama’s ties to the Fannie Mae people…next some comments Michelle Obama made about Palin…after commercials
This FRAUD cant even think of his own slogans. McCain is so in his head, he is reciting McCains platform.
ROFL
Practicing for the debate. He’ll go first and belief that by reciting McCain’s lines he will disarm McCain. I hope he does because McCain will throw it back to him and see who has more credibility.
Pathetic charismatic pathological liar.
McCain is like Captain James T. Kirk. He sits on the deck of The Inside of Obama’s Mind.
Obama’s eyes look empty because McCain and the crew use them as windows.
LOL!
That’s what took Hillary by surprise and what really hurt her. She didn’t know what to do when he recited her platform back to her. She was devastated. Her campaign didn’t know what to do about it. This is the way he beat Hillary, among other tricks, and he thinks he can beat McCain with that too. And then maybe it will work again. Except Sarah Palin is not Hillary. Sarah is a barracuda that strikes swiftly after her pray.
Funny, I thought the election would remove the current administration no matter who won.
What a maroon!
BREAKING NEWS - OT
Sarah Palin has been DISINVITED to speak at the rally against Ahmadinejad.
Ahmadinejad is going to speak at UN. Hillary backed out and now Palin was DISINVITED.
Fox just reported it and thats about all I know so far.
No, what happened was that they invited Biden just after HRC withdrew and Biden refused to go.
http://www.commentarymagazine.com/blogs/index.php/rubin/31401
Disinvited?? That is so rude there was talk that the Obama camp was trying to get them to do that, maybe they succeeded, its just a pity that Hillary is part of this, I really did not see it as a issue if she went and spoke with Palin there Hillary is really starting to disappoint me.
Hillary is not a part of anything. The organizers got cute and decided to invite Palin to be on the same bill as Hillary because they knew the media was chomping at the bit to see them together on the same stage. All they wanted was media coverage. They didn’t care if the coverage was more about Hillary vs Palin as long as the press was there in force to cover the event.
Hillary did the right thing.
The organizers showed their true colors when they disinvited Palin. Why cave into pressure from 0bama if they really wanted her to be there?
But they didn’t want her to be there. They wanted Hillary and Palin to have their first public face-off and call attention to their protest.
But don’t worry. 0bama will be the loser in all of this. He will appear as if he isn’t supporting Israel and that will hurt him.
So stop putting Hillary down. She’s not a candidate. And she accepted an invitation in good faith to appear in support of the protest as the Senator from NY. The organizers thanked her by instead trying to use her for their own motives.
Hillary ALWAYS had to go first in the debates, and when it was Obummer’s turn, he’d say something like “Yes, that’s something like my plan will be, BUT…” - he ALWAYS copied off Hillary and added his own two cents worth (via teleprompter) which still sounded just like Hillary’s plans. He’ll do the EXACT same thing with McCain - just watch!
It might have been because of the Obummer camp! McCain and his advisors thought that by Palin attending would somehow help with her ‘foreign policy/relations’ knowledge, and that’s what Obummer and his camp want to capitalize on - her inexperience with foreign policy (like Obummer has loads…yeah, riiiiiiiiight!) If this campaign weren’t so scary, this whole NIGHTMARE would be laughable!
Hey everyone,
This financial crisis is confusing and has made me wonder why nothing was done to change things and exactly what is going on. Neither Obama nor McCain understand the economy or know/care about what is going on.
So guess who does know and who sounded the alarm YEARS ago about this economic mess? Yep - o wise one, the Cassandra of our government: HILLARY.
Check out this youtube video of Hillary explaining this mess and actually offering real, clear, tangible solutions that would work based on past recessions and the depression strategies that are proven and effective.
This woman is a genius and really should be President, NOW - not in 2012. Our economy and country can’t wait that long.
http://www.youtube.com/watch?v=4QUrbrE51ME&feature=user
wrong…McCain tried in 2005 or 2006 to get some legislation passed to do something about Fannie Mae, they didn’t let it even get out of committee.
Believe me, that will come up during the debates.
This speech by Hillary is to blame the Republicans for the financial collapse. Her “I and others” tried to do something leaves out the fact that McCain was one of those “and others” that the democratic congress wouldn’t listen to. It makes me mad that she is blaming republicans when it is democrats who are and have been heavily involved in Fannie Mae and Freddie Mac. Hillary could have been honest and admitted that both parties are to blame, along with this “do nothing” congress.
YES, we need Hillary for President NOW. That video is great.
Well, arugula is getting mighty pricey and $600.00 doesn’t get the set of earrings it used to.
Barack Obama doesn’t know squat about economics. His entire campaign is about exploiting dissatisfaction with the Bush administration.
Voters who are hungry for “change” need to also be sure the “change” that they’re voting for is the right kind of “change”.
The Cuban people wanted “change” in 1959 as did the Iranian people in 1979. They got “change” all right. In both cases the cure was far, far worse than the disease. Such would be the case with Barack Obama in the White House and Harry Reid and Nancy Pelosi running the US Congress. God only knows how much damage they would do.
I agree. Oblahblah with a Democratic Congress could do even more damage than Bush did with a Republican Congress. I certainly don’t want that provocateur elected.
I agree.
When listening to his stolen policy of the day. There has always been caveats you could drive a truck through.
Which leaves ‘change’ wide open for mischief and the Chicago Machine.
Day one at Kamp Obama
0300 Wake up call (Barbara Streisand sings “Nearer my Obama to thee)
0330 Barrakkks inspektion
0400 PT (Barbara Streisand sings kadenz)
0430 Orientation session with Kamp Kounselors
0500 Breakfast (argulla and Koolaide)
0530 Hopium break
0600 Indoctrination (3 hours of Hope, Khange and Bitches and Hos-how to tell them apart)
0900 Koolaide and Hopium break
0930 Invocation by the Most Reverand Jeremiah Wright
1000 Alone time with Father Pfleger
1030 Showers
1100 Writing lesson (how to get in someones face on a blog)
1200 Lunch (More koolaide!!!)
1230 Video message from Jesse Jackson, Jr. (Theme, OJ Simpson was framed)
1330 More PT (Oprah Winfrey is chasing you, and is REALLY, REALLY, REALLY HUNGRY)
1400 ACORN Presentation-How to wind minds and register the dead
1500 Hopium and Koolaid break (Cannonball!)
1530 Writing letters home (Dear Mummy and Daddy, Send money to Barack, he’s poor, and needs a fix
1600 Writing letters to friends
Send money to Barack, he’s poor and REALLY REALLY needs a fix, have you seen his wife?
1700 More PT- Matt Damon is chasing you and he’s REALLY REALLY REALLY Hungry for your tax deductible dollars
1730 More private time with Father Pfleger (no, thats not a roll of quarters in my pocket, but I am glad to see you
1800 dinner-All you can eat argulla bar and endless Koolaide
1900- Hopium shotgun session (blowing hopium smoke into you, even if you’ve had enough
2000- Write letters to former employers, distant relatives and “friends” you never really liked to begin with, beg, plead for $$$
2100 Lights out at Kamp Obama
2200 Private visits from Kounsellors
Kevin, that is so funny.
too funny, Kevin!
Hey Susan… Franklin Raines says: “I am not an advisor to Barack Obama, nor have I provided his campaign with advice on housing or economic matters.”
Oops.
Well hey, Frankin Raines’ word is certainly good enough for me. After all, the guy has such a sterling reputation as a straight shooter, right?
So now we have two liars-Oblahblah and Raines. But wait, you’re the third. As a matter of fact there has been an entire procession of obmambot liars through here tonight. No wonder you guys can’t keep a story straight–you don’t remember which lie you told to whom and when you told it.
Try some truth for a change, bot. Unlike Oblahblah, it will set you free.
Hey unveil the cover man:
You gettin’ in our faces like you were instructed?
Stop the hate!
UBM got his PowerPoint presentation from the Bot of the Day just a few minutes ago.
I also look beyond Sean Hannity for sources of reliable information. I urge you to go and do likewise, my friend.
Hannity? Nope. I get my news from sources external to the US. Our own MSM is no good at it anymore.
You, on the other hand, get yours from that PowerPoint presentation handed out by the bot of the day. You also get it from those pesky voices inside your head. Trust neither of them, bot.
Unveil the cover man:
I heard a rumor that Obama likes it hot! Can you confirm?
Stop the hate!
As always, you make the webmasters glow with pride.
Thank You!
But, unfortunately, you do not:-)
Stop the hate!
UBM,
Would that be the ‘in-the-tank for 0bama’ media?
Puhlease!
Hey Susan… Franklin Raines says: “I am not an advisor to Barack Obama, nor have I provided his campaign with advice on housing or economic matters.”
BARKO ALSO SAYS HE DOESN’T KNOW BILL AYERS.
And he hasn’t heard Jeremiah Wright’s rants. Wink, wink.
What else would he say? Guilty as charged? Again, try thinking, it might do you some good.
lol kevin
Good post SusanUnPC: thank you!!
yes mccain tryed to pass a bill for regulation of fannie and freddie. In his remarks on the floor of the senate McCain pinpointed with scary accuracy what would happen.
And it happened. To be honest, Bush tryed for his first four years to pass regulation bills, but the fat cat democrats in Fannie and freddie’s pocket would not let it pass.
It all started in the clinton years actually. Clinton wanted to get rid of what he called “redlining” where mortgage companies would do their jobs and not give loans to folks without the means to pay. For example folks in the inner city and low-income housing.
I know obamabots will say Phil Gramm passed a dereg bill. Which he did in 99. BUT, this passed with unanimous bipartisan support and Bill passed it. Biden voted yea.
This crap with Fannie and freddie is not a new issue.
“Bush tried to pass regulation bills.” You Are kidding aren’t you?
No, he’s not kidding.
Bush tried to re-regulate in 2003, and then again in 2005 (McCain’s speech on the Senate floor comes then).
The entire Black Caucus voted AGAINST the new regulations.
UBM, if you are talking to me. What i wrote was truth. I am a democrat and Bill Clinton is my favorite politician. But the truth when it comes to fannie and freddie is democrats were in their pockets.
Look the guy who runs oversight on them is Chris Dodd the number one recipient of donations from F and F.
I am not saying this whole mess is on the dems but fannie and freddie lay on the dems.
Thank you for telling the truth. Why can’t anyone admit that both parties share the blame in this disaster. It started during Clinton but the republicans could have taken care of it if they had gotten together with the democrats to straighten it out. Both parties are to blame.
This mess goes way beyond Fannie and Freddie. Who trusts Obama to fix it? What has he fixed before? The training wheels on his kids’ bicycles maybe?
I know that the NINJA loans originated in the Clinton years. I love the guy, as well, but I definitely agree that the Fannie Freddie mess has more arrows pointing at Dems than Repubulicans. Now if the MSM would just point out McCain’s attempt at regulation years ago….ha!, ha!
Re McCain ad: The ad quotes a WAPO article that Rains is an Obama economic advisor so the McCain ad is technically correct on that issue since they are quoting what a published source is saying. Let’s face it, what are the chances that this guy is into the Obama campaign? Oh yeah, big time.
McCain is taking some rough water on this economic front; it is a real headwind. He did get a gift from Harry Reid today in his announcement that the Senate would adjourn since, “none of us know what to do”. And the contribution of Mr. Biden in how paying higher taxes is a patriotic duty we should be glad to do if we are in that income bracket. Then there is the subliminal gift from WJC that is open enought to interpretation to keep the fires burning. MOs comment about don’t vote for someone because you think they are “cute”.
Great interview with Hannity/Palin.
I thought the McCain campaign regained its footing today.
Weak ad by Mccain. No one knows who is Raines.
He black, though. That was enough to scare me.
“Say no mo’, Mista McCain, suh! Dem no-count cullud folks always up to some kinda mischief, don’t dey? Yassuh… but you speak da truth, Mista McCain! And you treat us good!”
UBM: that last post of yours was as stupid as it can get.
Yeah, I admit… sometimes I try for something and it doesn’t work. But hey… that’s comedy.
I’m not laughing. The rationale for Freddie and Fannie and HUD have been to improve the lives of poor, many of them black, people. Instead it has been a program to promote a black branch of corruption between corporate interests and government. This will be no laughing matter under an Obama presidency if every questionable tax program gets to hide behind the racist charges you just made.
That’s why the ad works. Now they want to find out. With or without the MSM’s help.
Who the heck is Raines? …never mind- I don’t care.
Who the heck is Rezko? Nevermind…
Another popular lie being repeated right now - I saw it on C-lying its ass off-NN - is that the last bailout of crooked bankers didn’t cost us any money. Check with the GAO. They put the cost in 1996 at $132 BILLION. And that was nothing compared to the Fred?Fan cleanup. So I know who Raines is and I CARE.
We so badly need the Clintons now - instead there’s this wholly inexperienced hopey-changey dude gonna set things right.
The American people will simply not hand over the reigns of control to this kind of inexperience — it’s laughably sad in fact. What a farce Obama.
Vote change - get rid of Obama, Pelosi, Reed, et al.
Gues we are just “WHITE TRASH”. LoL
Heather Mallick CBC Palin:
Heather Mallick Sarah Palin Blast - Heather Mallick/CBC Palin drama is burning up the internet.Heather Mallick who is a reporter for CBC Canada,called Sarah Palin supporters “WHITE TRASH”.Heather Mallick wrote on her blog via CBC Canada website:
http://news.spreadit.org/thats-all-we-have-for-now-on-heather-mallick-cbc-palinheather-mallick-sarah-palin-blast/
Or you might just be a “redneck,” as the Lady de Rothschild describes you!
Hee-heeeee… I been waitin’ to snap somebody with that one.
Or you might be James Clyburn, where most of your earmarks go directly to companies where your own children are employed, and the poor Black constituents in the inner city ghettos and schools get completely screwed.
Kinda like the poor people in those housing projects in Chicago, where Obama got federal money for the rich developers, but the poor Black people in those housing units went without heat in a very cold winter.
Kinda like that, Undercover Black Man.
Doesn’t that sh*t piss you off? If not, it SHOULD.
The Washington Post: “Two Members Of Mr. Obama’s Political Circle, James A. Johnson And Franklin D. Raines, Are Former Chief Executives Of Fannie Mae.” (Editorial, “Tough Decision Coming,” The Washington Post, 8/28/08)
This is not an easy one for the Illinois senator because of the companies’ close ties to his party. To be sure, both Republican and Democratic politicos have held well-paid positions in the two firms or have partaken of the tens of millions that they spend on lobbying. But a few Republicans, such as Mr. McCain and Sen. Richard C. Shelby (Ala.), who has been chairman and ranking Republican on the Senate Banking Committee, have taken them on over the years, warning about their use of an implicit government guarantee to pursue private profits. Meanwhile, Democrats were not only politically but intellectually committed to the companies, seeing them as innovative public-private institutions that have been a boon to homeownership. In the current crisis, their biggest backers have been Democrats such as Senate Banking Committee Chairman Christopher J. Dodd (Conn.) and House Financial Services Committee Chairman Barney Frank (Mass.). Two members of Mr. Obama’s political circle, James A. Johnson and Franklin D. Raines, are former chief executives of Fannie Mae.
http://www.washingtonpost.com/wp-dyn/content/article/2008/08/27/AR2008082703021.html
nice helpful link for you there, UBM
Hey, do you think the Washington Post will issue a “correction” to their editorial? Then the McCain campaign can just say “hey, all we did was trust the Washington Post. Surely they are a reputable news source?”
LOL
Hey, do you think the Washington Post will issue a “correction” to their editorial?
If the Post does print a correction, then will you believe that Raines is not, and has never been, an Obama adviser?
(Be careful, it might be a trick question. I used to write for the Post.)
Sure. Then the McCain campaign just switches the ad around a bit and uses Johnson’s pic and the fact that Obama tapped him to head the veep search committee.
And the Washington Post gets the worst of it for publishing apparent falsehoods. And then people can wonder why Obama didn’t correct the record way back in July when the Post said it the first time, or 2 weeks ago when they said it the second time.
“(Be careful, it might be a trick question. I used to write for the Post.)”
and you’re defending this?
According to the Senate Lobbying Database, lobbyist Charlie Black, one of McCain’s top aides, made $820,000 working for Freddie Mac from 1999 to 2004. The McCain campaign’s Wayne Berman and his congressional liaison John Green made $1.14 million lobbying for Fannie Mae through Ogilvy Government Relations. Green picked up an additional $180,000 from Freddie Mac. Arther B. Culvahouse Jr, the vetter who helped John McCain select Sarah Palin, earned $80,000 from Fannie Mae in 2003 and 2004, working for O’Melveny & Myers LLP.
At least 20 McCain campaign fundraisers have lobbied for Fannie Mae and Freddie Mac, pulling in ove $12.3 million in fees over the last nine years.
Then there’s Rick Davis, former president of the Homeownership Alliance, an advocacy association that included Fannie Mae and Freddie Mac. Homeownership Allicance opposed congressional attempts at more stringent regulation of both lenders. As president, Davis opined in 2003 that no further regulation was necessary. Fannie and Freddie, he wrote, “…are subject to an innovative and stringent risk-based capital stress test. The toughest in the financial services industry.”
Your point?
This is small potatoes compared to Raines.
And where was obama when J Mac tried to fix this in 2005? What has he ever fixed?
JM is right. Obama is a tool of the old dems that control Washington. Not a leader. Gifted inspirational speaker.
"(Obama's) big themes are Change Hope and Unity...I suspect that after he's elected, we'll hear much less about Change and Unity and a lot more about Hope. As in, 'I Hope this doesn't end in a huge disaster. I Hope he doesn't wreck the economy. I Hope he's not too overwhelmed by the complexity and horror of the world. I Hope I survive this administration.'" -- A reader at The CornerIn what sense is Franklin D. Raines Barack Obama’s “economic advisor”?
My understanding is that Obama’s top economic advisor is noted economist Dr. Austan Goolsbee, one of the profession’s most respected tax experts. His economic advisors also include Harvard professor Jeff Liebman, and Harvard professor of applied economics Dr. David Cutler. These guys are no lightweights.
The McCain people are surely smart enough to know who’s actually connected with Obama in an advisory capacity. Apart from a tangential reference in a Post article, Raines has never even been mentioned.
Is this the Austan Goolsby that encouraged everyone to get no money down mortgages?
Maybe you meant Rick Davis. The guy that fought so hard against regulating Fannie Mae. Isn’t he also McCain’s campaign manager?
You have Rick Davis confused with Joe Biden, Chris Dodd and the folks in the Senate who are charged with protecting American voters/tax payers. Why don’t you take this boogey man nonsense to DKos where they eat this nonsense up?
I have started calling my dog’s steaming piles zeromama policy statements.
Goolsbee is right. He’s also for privatizing Social Security but everyone keeps that on the “down low.” He’s also the guy who told the truth to the Canadians about zeromama’s real feelings about NAFTA.
That’s Obama’s MO. Take pension funds in Illinois, for example. His concern was that minority bankers get a bigger piece of the action. The fees pension funds paid for all the great advice they got were incredible. We’ll get privatized Social Security because the existing Social Security has already been pledged to bailing out the bankers. The Federal Reserve and the Congress have taken over the “free market,” and Obama’s only concern will be that minorities get a piece of the pie. As of today, we truly are indentured servants.
Not to mention that Obama’s campaign financial director, Penny Pritzker, made MILLIONS in her own family’s sub-prime banking fiasco, milking middle class Black families with crappy mortgages in Chicago.
Obama’s not interested in REFORMING anything.
He has too many people to repay for supporting his campaign.
Yes.
The above description of Goulsbee grossly distorts his expertise. He is not a leading tax expert, for sure.
” NEW YORK, Aug 30 (Reuters)- Lehman Brothers has hired Jeb Bush, brother of the President of the United States, as an advisor to its private equity business, a source familiar with the situation said.
Lehman hired another relative of U.S. President George W. Bush last year–George Walker, a second cousin, who heads up the bank’s asset management business.
Jeb Bush is the former governor of Florida.
Lehman Brothers declined to comment.”
http://www.reuters.com/article/fundsFundsNews/idUSN3046902620070830
I’m Barack OBusha and I approved this scandal.
I wonder how long it will be before the Obamaniac MSM gives up and stops ballyhooing the lastest 1% rise by Bobo in the dailies. Common sense alone says that this Stalinist-linked radical with ties to racists, terrorists, and run-of-the-mill crooks will not be elected POTUS. Threats of a downturn in racial relations or riots in the streets will not sway people to vote for BO. Anyone who is worried about the latter will also fear that his election will mean four years of everything from mortgage bail-outs for poor blacks to reparations for slavery. When fools like Josh Howard link unpatriotic displays with BO’s name, he should immediately come forward and lambast this person on the air waves. Trying to simply ignore it just convinces many people that he’s in agreement or thinks it’s not important. And the idea that the economic crisis will put Dem Bobo in office is absurd. He’s too flip-floppy, indecisive, and weak for the American people to want to put into the Oval Office in the best of times, let alone now. His wife apparently calls the shots for starters, and then the reality of his having 300 advisors sounds like a situation where too many cooks are spoiling the pot. Polls consistently show Mac holds 30+ leads over Bobo in trustworthiness and ability to lead. No wonder the Obamaniacs are in meltdown mode.
After the first debate when he is standing there stammerng next to an articulate war hero, the numbers will tell it all.
I not so sure McCain will fare well in the debates. Obama’s criticism that McCain intends to continue giving tax cuts to the rich–to greatly increase those cuts–while we’re running the largest federal deficits in history, is pretty compelling. Obama’s competing plan actually does reduce overall taxes to 95% of American taxpayers, and costs the treasury less than the McCain plan.
I keep expecting Obama to pitch his alternative energy development plan hard, both as a way to provide immediate stimulation to a flagging economy, and as a way to break our dependence on foreign oil in the near future. The immediate economic benefits of such a program would be great; the future benefits of the transition would be enormous.
With the polls are so close, the debates are going to be nothing if not interesting.
The campaign will rig the election, just as it has always done. Acorn voter fraud is appearing already. To combat fraud, we need photo IDs (not a requirement in many states), election officials who will moderate the vote (and maybe police), and volunteers with camera to record voting activities on the day of the election. The fraud needs to be PREVENTED, not exposed after the fact. Otherwise, Obama will be president, just as he became Senator and nominee as a result of dubious/rigged election procedures.
Michelle Aunt Esther Obama said not to vote for someone because they are cute. Well, her amazonian ugliness certainly isn’t gaining any votes for Obama that he wouldn’t already have.
That ingrate Michelle wasn’t proud of a country where she could use connections and affirmative action to rise from street thug to HLS grad.
In Wisconsin in the primaries, Michelle said: “I want to rip Bill Clinton’s eyes out” as she clawed the air with her fingernails.
You can take the girl out of the ghetto but you can’t take the ghetto out of the girl.
Just say no to Obama Bin Biden.
but nothing is more telling than the CEO D.MUDD telling the black caucus in 2005 that FM is “in trouble” and the Obama’s are in attendance…(swear-in of Obama to the black caucus) so Obama is hearing that FM is “in trouble” but he begins accepting $$$$ to look the other way remember in 2005 Fannie mae publicily stated troubles….also Obamas have contributed $13,000 to the black caucus as “charity” in their tax filings…and yes he got almost as much in 3 years as did DODD isn’t it funny how Kerry and Obama are always linked together (another Axlerod prodigee)
Both parties are complicit in the collapse due to the sub-prime market. All one has to do is look at speeches GWB made to HUD in 2002, and to the Gramm Bill that repealled Glass-Steagal. I know that you all will have google these terms as most here are oblivious to facts - playing with your emotions mostly, but give facts a try.
I hope you all get over your sadness that your candidate did not win. Hillary got over it, and was adult enough to move on. I thought more of the Hillary folks until I saw this site. Its based on emotion, smoke and mirrors.
And where is that video about Michelle Obama that we all were supposed to see in the days before the primary?
lol
[...] night, I posted the new McCain ad that exposes an Obama adviser, Franklin Raines, who reaped millions from Fannie Mae and gets a [...]
[...] Obama was friends with Franklin Raines, the former CEO of Fannie Mae whom by the way was also an economic advisor to his campaign. And Raines wasn’t the only one. From Rev. Wright to Franklin Raines it seems Barack Obama’s [...]
If you want truth here, let’s admit that there’s enough blame to go around — and around … Dems and Repubs alike. The problem at hand is where do we go from here? Deregulation hasn’t proved bullet-proof and neither has constricting regulation. As a taxpayer, I resent like hell having a CEO rewarded for mismanagement and greed — and I resent the shareholders for not paying attention (but then, when do they ever when dividends are good?) I resent having my life savings compromised at best and wiped out at worst. Does McCain have all the answers? No. Does Obama? No. So who can best walk us through this morass? I have to say I’ll bet on the smart guy — the fast learner. I don’t see any choice but to go with Obama.
http://tratamientoparalashemorroides.blogspot.com/2009/08/busca-una-cura-para-las-hemorroides_17.html cura para las hemorroides blog