McCain wants to give away $300 billion to irresponsible lenders and loan purchasers. Even the National Review recognizes this as a "gift to lenders who abandoned any sense of prudence during the boom years." Even Douglas Holmes-Eakin, whose own intellectual capital is now well under water, openly states, "The original plan relied on lenders taking the hit. This bypasses that step."
That's not liberal, as much as conservatives everywhere want to lay their movement's sins off against liberalism.
This fight is between corporate Republicans and laissez-faire Republicans. No matter how much bullshit Michelle Malkin and Matt Lewis may use to muddy up the blame, this ain't got nuthin' to do with us liberals.
Friday: Personal Income & Outlays
1 hour ago
9 comments:
Obama never heard Rev. Wright make hateful, inflammatory, racial remarks. Obama didn’t know Ayres was a terrorist. Obama doesn’t know anything about ACORN and voter fraud, even though he was an attorney for them. It worries me that Obama is so clueless about what goes on around him. Either clueless….or a liar. You decide.
If your pastor makes remarks that you don't agree with on a sunday and you aren't in service are you accountable for what he says, and I don't know about you but if Bill Ayers lived next door to me I wouldn't know him from Adam, I don't background check or google my neighbors. As far as the Acorn crap how about you go to fightsmears.com. You know what bothers me is that McCain doesn't like to talk about the issues, or that this election has people yelling kill em' at rallies b/c Palin keeps referencing that Obama is basically a terrorist b/c his middle name is Hussein (did he name himself, I don't think so)and his neighbor and board associate did something he should'nt have 40 yrs. ago. Why doesn't anyone question the people who put the man on different boards through out the community, or the college that employs him as a professor. How many students has he taught and should they be put on the terrorist watch list. Give me a break.
Guess that means Walter Annenberg and all the other Republicans who worked with Ayers are terrorist sympathizers as well?
How sad.
Palin's husband was a member of a secessionist movement in Alaska, and she speaks of patriotisim...
If you are going to drag out guilt by association, McCain has a secessionist on his ticket and went to bat for Keating who did substantial damage to the economy in much the same way as this administration has.
As to voter fraud... Yep that's a bad issue there, and quite newsworthy for the fact that it is perpetrated by Democrats instead of the usual Republican fraud.
Barack Hussein Obama the executioner of the revanchist Cloward-Priven Plan and the intimate friend of Ayers head of the sinister terrorist organization Weather Underground.
-Now is the time for true Americans to save our democracy, liberties and American Way of Life.
COMPATRIOTS: Save America
VOTE: McCain/Palin
Hey, anonymous, try to keep on topic, though I admit it is hard to find your sort of bullshit-soaked drivel here. But there must be somewhere that the demented spittle all over your screen would be on topic.
Diane and Kaleb7, your rebuttals are great. K7, one thing: Be patient. Past Republican allegations of vote or registration fraud have been less than alleged once the truth came out. This one may be too.
Mccain does not have plan.
Obama does.
it really is that simple.
Be sure to read the "where they are now"!!
Here is a quick look into 3 former Fannie Mae executives who have brought down Wall Street.
1. Franklin Raines: was a Chairman and Chief Executive Officer at Fannie Mae. Raines was forced to retire from his position with Fannie Mae when auditing discovered severe irregulaties in Fannie Mae's accounting activities. At the time of his departure The Wall Street Journal noted, " Raines, who long defended the company's accounting despite mounting evidence that it wasn't proper, issued a statement late Tuesday conceding that "mistakes were made" and saying he would assume responsibility as he had earlier promised. News reports indicate the company was under growing pressure from regulators to shake up its management in the wake of findings that the company's books ran afoul of generally accepted accounting principles for four years." Fannie Mae had to reduce its surplus by $9 billion.
Raines left with a "golden parachute valued at $240 Million in benefits. The Government filed suit against Raines when the depth of the accounting scandal became clear. http://housingdoom.com/2006/12/18/fannie-charges/ . The Government noted, "The 101 charges reveal how the individuals improperly manipulated earnings to maximize their bonuses, while knowingly neglecting accounting systems and internal controls, misapplying over twenty accounting principles and misleading the regulator and the public. The Notice explains how they submitted six years of misleading and inaccurate accounting statements and inaccurate capital reports that enabled them to grow Fannie Mae in an unsafe and unsound manner." These charges were made in 2006. The Court ordered Raines to return $50 Million Dollars he received in bonuses based on the miss-stated Fannie Me profits.
2. Tim Howard: Was the Chief Financial Officer of Fannie Mae. Howard "was a strong internal proponent of using accounting strategies that would ensure a "stable pattern of earnings" at Fannie. In everyday English - he was cooking the books. The Government Investigation determined that, "Chief Financial Officer, Tim Howard, failed to provide adequate oversight to key control and reporting functions within Fannie Mae,"
On June 16, 2006, Rep. Richard Baker, R-La .,
asked the Justice Department to investigate his allegations that two former Fannie Mae executives lied to Congress in October 2004 when they denied manipulating the mortgage-finance giant's income statement to achieve management pay bonuses. Investigations by federal regulators and the company's board of directors since concluded that management did manipulate 1998 earnings to trigger bonuses. Raines and Howard resigned under pressure in late 2004.
Howard's Golden Parachute was estimated at $20 Million!
3. Jim Johnson: A former executive at Lehman Brothers and who was later forced from his position as Fannie Mae CEO. A look at the Office of Federal Housing Enterprise Oversight's May 2006 report on mismanagement and corruption inside Fannie Mae, and you'll see some interesting things about Johnson. Investigators found that Fannie Mae had hidden a substantial amount of Johnson's 1998 compensation from the public, reporting that it was between $6 million and $7 million when it fact it was $21 million." Johnson is currently under investigation
for taking illegal loans from Countrywide while serving as CEO of Fannie Mae.
Johnson's Golden Parachute was estimated at $28 Million.
WHERE ARE THEY NOW?
1. FRANKLIN RAINES? Raines works for the Obama Campaign as Chief Economic Advisor
2. TIM HOWARD? Howard is also a Chief Economic Advisor to Obama
3. JIM JOHNSON? Johnson hired as a Senior Obama Finance Advisor and was selected to run Obama's Vice Presidential Search Committee
IF OBAMA PLANS ON CLEANING UP THE MESS - HIS ADVISORS HAVE THE EXPERTISE - THEY MADE THE MESS IN THE FIRST PLACE. Would you trust the men who tore Wall Street down to build
Maybe all of these crazy Christian conservatives who bark out stupidity at these townhall meetings will mellow out once Obama shows them all that he is actually doing the economy well... this of course, won't happen until at least one full year into his presidency, because ti will take that long for these dumb people to figure it out as they continue to gripe at their jobs until someone finally tells them to shut up, and stop compaining about nothing, because the fact that they even have a job would be an improvment from the Bush administration.
You do realize, Anon 4:40, that your entire screed is a non sequitur, right? It doesn't address anything I raised in the item. It's as if I said McCain is dumb and you said Obama is ugly. Not only would we both be in seventh grade, but your statement wouldn't even attempt to rebut mine.
Is that simple enough for you?
Oh, and by the way, Franklin Raines does not advise Obama on the economy, so how's your credibility feeling?
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