Who Is Responsible For This Financial Mess?
Sep 25, 2008 Political
Barack Obama and his fellow Democrats have been putting the blame for the current financial crisis on the back of the president and the Republican Party who Democrats claim failed to address the issue. The Democrat’s parrots in the media have been shouting to anyone who will listen trying to make the accusations stick. This is a coordinated attack to take the focus off all the Democrats who have been bought and paid for by the greedy people on Wall Street. Fox News had a story and this should provide documented proof, with audio and video, as to whom the blame lies. In reality, this news story shows the efforts of the Bush Administration in trying to reign in the mortgage giants, Fannie Mae and Freddie Mac. The complete history goes back decades and involves Democratic plans that allowed people to buy things they had no hope of ever affording.
I doubt this will do any good because too many people have overdosed on the moonbat Kool Aid, but it clearly shows that there were a number of people, including President Bush, on multiple occasions who tried to reign in Fannie and Freddie. Pay attention to Barney Frank and see how his assessment squares with the reality we’re facing. Listen to the people who said that we were heading for trouble and see how Democratic Senator Chuck Schumer had a hand in preventing any regulation.
Then take heart in the knowledge that Nancy Pelosi assigned Barney Frank the job of fixing the problem.
How can one fix something if one does not recognize the problem?
You should also keep in mind that these are the people who want to lead you. While John McCain headed back to DC, Barack Obama prepared for a debate and fund raising (he was left with little option than to return after a call from the President).
Who puts the country first?
Riehl World View says that Palin should debate Obama while McCain is TCB in DC. Not a bad idea. Could be risky but she is not a member of Congress so she does not have to be there and Obama has no intention of staying in DC.
Tags: barney frank, chuck schumer, corruption, financial trouble, lies, wall street
Schumer Now Likes Arab Emirate Business
Nov 27, 2007 Political
A few years back Dubai wanted to purchase several ports in the United States. Democrats, trying to make people believe they were tough on security, raised a stink about the security implications of such a move. The deal was eventually halted and the Democrats got their way though there was no real reason for their opposition. Interestingly, none of their toadies made comments about hating people with brown skin. It was just accepted that a partner in the war on terror would undermine our security and cause us harm. Chuck Schumer was one of the loudest (and most annoying) voices to express opposition.
My how the times have changed. With the sub-prime housing market collapsing a lot of businesses are going south very quickly. Some have filed for bankruptcy protection and others have seen their assets cut in half. Companies have been forced to suffer the consequences of their poor decisions (it is called SUB prime for a reason) and they did not like it. Citigroup, the largest US bank, was one of the companies suffering because of the sub-prime mess. Not any longer though as they were bailed out by, get this, Abu Dhabi, of the Arab emirate.
Abu Dhabi will purchase 7.5 billion dollars worth of Citigroup and will see a guaranteed return on investment of 11%. With its purchase of 4.9% of the company, Abu Dhabi will become Citigroup’s largest shareholder. And what did the mouth Schumer have to say about all this Arab money?
…the Citi transaction will bolster the bank’s competitiveness and “help preserve New York’s status as the world’s financial center.” Yahoo News
Amazingly, mouth almighty Chuck Schumer, who saw problems with having Dubai owning six ports in the US, seems unconcerned that Abu Dhabi will be the largest shareholder in America’s largest bank. Where is that level of concern for national security?
Now I don’t see a problem with the deal but then again I had no problem with the Dubai port deal. I might be wrong about both but at least I have been consistent.
Schumer, on the other hand, has shown inconsistent positions on similar issues.
Others with similar items:
Perri Nelson’s Website, Blog @ MoreWhat.com, Rosemary’s Thoughts, Right Truth, Adam’s Blog, Leaning Straight Up, The Bullwinkle Blog, The Amboy Times, Chuck Adkins, The Pet Haven, Pursuing Holiness, Allie is Wired, DragonLady’s World, The World According to Carl, Blue Star Chronicles, Pirate’s Cove, The Pink Flamingo, Republican National Convention Blog, CommonSenseAmerica, Dumb Ox Daily News, High Desert Wanderer, and Right Voices, thanks to Linkfest Haven Deluxe.
Tags: abu dhabi, arab emirate, bankruptcy protection, brown skin, chuck schumer, citigroup, Democrats, dubai, largest bank, shareholder, us bank