As Republicans fought to protect taxpayers from $350 billion in additional Wall Street bailouts, Democrats assured the American people President Obama would control how taxpayers’ dollars would be spent.
Rush Limbaugh On Un-American Activities
Say, folks: we have a new definition of what constitutes “un-American” behavior from the Speaker of the House, Nancy Pelosi. Speaking at Saint Anthony’s Church in San Francisco before a group of immigrants (legal and illegal), Speaker Pelosi took aim at Immigration and Customs Enforcement agents.
She accused them of kicking in doors in the middle of the night in order to send parents away from their children. “It must be stopped… what value system is that? I think it’s un-American,” she said. But she did have kind words for the immigrants in the audience — including those here illegally. They are “very, very patriotic,” because they are taking responsibility “for our country’s future.”
Now, I know nany of you find this sickening. You wonder why those who enforce our laws are called “un-American,” while those who break the law are called patriots. You remember Democrats like Dick Durbin and John Murtha comparing our military to Nazis and falsely accusing them of murder. You remember John Kerry accusing our troops of atrocities they did not commit — yet years later he’s elevated to the status of “war hero.”
And now, government policy calls for the irresponsible to be bailed out by the responsible; achievers to be punished while losers are rewarded. Tax cheats run government agencies, while the House speaker attacks those who put their lives on the line defending our borders.
What you are witnessing is liberalism on parade; unplugged. You see an America… 180 degrees out of phase. Some of you voted for it — you should be ashamed.
New Gun Designed Especially for Liberals
The Obama Deception
Are you ready to be scared to death?
The Obama Deception is a hard-hitting film that completely destroys the myth that Barack Obama is working for the best interests of the American people. The Obama phenomenon is a hoax carefully crafted by the captains of the New World Order. He is being pushed as savior in an attempt to con the American people into accepting global slavery. We have reached a critical juncture in the New World Order’s plans. and only by exposing the con can we help to save freedom in America. The Obama Deception is not about Left or Right: it’s about a One World Government. The international banks plan to loot the people of the United States and turn them into slaves on a Global Plantation. Covered in this film: who Obama works for, what lies he has told, and his real agenda, and how his initial appointments and actions prove he serves the corporate oligarchs, not the American people. If you want to know the facts and cut through all the hype, this is the film for you.
Let The Inquisition Start With Frank
Barney Frank needs to go to jail…now! I would keep him in solitary confinement though. If he was allowed to mingle with the prison population it wouldn’t be punishment. He would be like a kid in a candy store!
Let The Inquisition Start With Frank
Oversight: Congressman Barney Frank says he wants some of those responsible for our current financial meltdown to be prosecuted. And we couldn’t agree more. First up in the court dock: Rep. Barney Frank, D-Mass.
Even by the extraordinarily loose standards of Congress, it takes some chutzpah for someone such as Frank to suggest that he’ll seek prosecutions for those behind the housing and financial crunch and for what he called “a strongly empowered systemic risk regulator.”
For Frank, perhaps more than any single individual in private or public life, is responsible for both the housing market mess and subsequent bank disaster. And no, this isn’t partisan hyperbole or historical exaggeration.
But first, a little trip down memory lane.It was Fannie Mae and Freddie Mac, the two so-called Government Sponsored Enterprises (GSEs), that lay behind the crisis. After regulatory changes made to the Community Reinvestment Act by President Clinton in 1995, Fannie and Freddie went into hyper-drive, channeling literally trillions of dollars into the housing markets, using leverage and implicit taxpayers’ guarantees.
In November 2000, President Clinton’s Housing and Urban Development Department would trumpet “new regulations to provide $2.4 trillion in mortgages for affordable housing for 28.1 million families.” The vehicles for this were Fannie and Freddie. It was the largest expansion in housing aid ever.
Still, from the early 1990s on, many people both inside and outside Washington were alarmed by what they saw at Fannie and Freddie.
Not Barney Frank: Starting in the early 1990s, he (and other Democrats) stood athwart efforts by regulators, Congress and the White House to get the runaway housing market under control.
He opposed reform as early as 1992. And, in response to another attempt bring Fannie-Freddie to heel in 2000, Frank responded it wasn’t needed because there was “no federal liability there whatsoever.”
In 2002, Frank nixed reforms again. See a pattern here?
Even after federal regulators discovered in 2003 that Fannie and Freddie executives had overstated earnings by as much as $10.6 billion in order to boost bonuses, Frank didn’t miss a beat.
President Bush pushed for what the New York Times then called “the most significant regulatory overhaul in the housing finance industry since the savings and loan crisis a decade ago.”
If it had passed, the housing crisis likely would have never boiled over, at least not the extent it did, taking the economy with it. Instead, led by Frank, Democrats stood as a bloc against any changes.
“Fannie Mae and Freddie Mac are not facing any kind of financial crisis,” Frank, then the ranking Democrat on the Financial Services Committee, said. “The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing.”
It’s hard to say why Frank did all this. It could be his close ties to the Neighborhood Assistance Corp., a powerful housing activist group based in Boston, which controls billions in loans. Or that he received some $40,100 in campaign donations from Fannie and Freddie from 1989 to 2008. Or that he has been romantically linked to a one-time executive at Fannie during the 1990s.
Whatever the case, his conflicts are obvious and outrageous, and his refusal to countenance reforms of Fannie and Freddie contributed mightily to today’s meltdown. If you’re looking for a culprit in the meltdown to prosecute, no one fits the bill better than Frank.
