Eyewitnesses say Thursday’s meeting at the White House featured Obama speaking for the Democrats while McCain was silent. Phones rang off their hooks with both Republican and Democrat all opposing the Paulson bill. McCain deputized Boehner and Blount to block the bill and protect taxpayers. Paulson would protect financial institutions.
Pelosi, with all the votes necessary for passage, did not want to be held accountable for a $700 billion bail-out.
Congressmen of both parties answered their phones. Almost ten-to-one of the callers cried foul—urging a vote of NO.
No one mentioned Mozillo of Countrywide, who bought and paid for Raines and Hoffman who ran Fannie Mae and Freddie Mac. Nor were Chris Dodd and Barney Frank mentioned. Both were elbow-deep in payoffs. All were chin-deep in ego. All were champions of sub-prime lending.
Chris Cox does not understand accounting. Sarbanes-Oxley required posting mark to market. The rating agencies blessed the original false ratings. The Wall Street firms and banks gained from this prolifigacy. They are now punished by the downturn.
The blame lies with the politicians--Obama, Frank, and Cox—and their cohorts who got rich through Fannie Mae and Freddie Mac, along with Tom Reid, Nancy Pelosi, Dick Durbin, Charles Schumer, and the Chicago gang. They bankrolled Obama. The Ivy League which looks down on the man in the street, a President preoccupied with Iraq, and the bit players obscured the real villains—who cashed in on free money from government-based mortgage lenders. Now they will pay!
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6 comments:
You're an idiot. Education is the culprit!
All of us US taxpayers will pay --- including the cost of the Iraq war which is higher than the bail-out bill, and will get higher no matter which one becomes president.
John McCain has made it clear that if he is elected he will help Israel attack Iran. See the future consequences of this in the fascinating new historical novel “Clash of the Gods” which is now on www.amazon.com and www.clashofthegods.com. Sarah Palin, of course, is an Evangelical who thinks we have to destroy all the ‘infidels’ in the Middle East to make way for the Second Coming. And we wonder why the Muslim world does not like us very much…and this next war will cost an even greater fortune.
Meanwhile, Obama on his website makes it clear that he wants a welfare program not just for the US but a global welfare program paid for by US citizens.
Both of these candidates are a disaster.
go visit here then tell me what you think
http://american-platform.com/america/
Libertarians proceed on Faith. Cause and effect contradict the idea of free will, but libertards continue to believe in it because they can move their arms and eyes.
Hello, this is Richard Saling. Interesting take on the issue. I m glad I found your blog. I wrote what McCain could be doing to turn this around on my blog at rsaling.wordpress.com
Fuck you, anonymous!
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