Sorry to be flippant but I think we all need a little humour this morning
Posted on 10/11/2008 4:56:05 AM PDT by Kaslin
One of the things lacking in the second presidential debate this week was anger. With the economy brutalizing millions of Americans, I expected both candidates to be furious that, once again, the government failed to warn us about impending disaster.
Before the 9/11 attacks, few Americans had ever heard of al-Qaida, even though Presidents Clinton and Bush certainly knew of the growing danger the group posed. Now there's compelling evidence that the feds stonewalled the present economic chaos. So why aren't McCain and Obama livid?
It is not hard to understand why Americans who work hard, obey the law and believe in the capitalist system are sick to their stomachs when they lose investment money through no fault of their own. Corrupt Wall Street greed-heads and stupid, lazy federal overseers have combined to deliver one of the most punishing blows to regular folks in U.S. history.
Again, why aren't Obama and McCain pounding the table?
Recently, I interviewed Chairman of the House Finance Committee Barney Frank, and it was quite a shootout. According to The Wall Street Journal, Investors Business Daily and my own research, Frank presided over the collapse of Fannie Mae and Freddie Mac with a casual disdain for the American investor.
In fact, last July, Frank went on television and said this:
"Fannie and Freddie are fundamentally sound, they are not in danger of going under. They're not the best investments these days from the long-term standpoint going back. I think they are in good shape going forward."
Fewer than three months later, Fannie Mae and Freddie Mac collapsed, and even though he was in charge, Frank says he is not at fault. Instead, he blames Republicans.
Hearing that, I let Frank have it, calling him a coward for not admitting any culpability. He then called me stupid. You get the picture.
Now, I remain furious with Barney Frank. To me, he epitomizes everything that is wrong with the federal government. He was incompetent in his oversight of the federal mortgage agencies, and when they folded, causing a chain reaction of financial disasters for honest investors, he blamed other people.
Unacceptable. And every elected official in Washington should feel the same way. This is not some political theory here -- real people are getting hurt, lives are being dramatically affected. Those responsible should be held to account.
But in the land of conventional politics, anyone showing anger and passion is deemed to be "out of control." You must appear calm and cool in the face of any storm. Therefore, Obama and McCain showed little emotion about the terrible economic situation.
Sometimes cool doesn't cut it, fellas. There is a time for anger.
That time is now.
Pssst...BOR...yeah you....Obama and Ayers gave money to Acorn to push banks to give out these bad loans. Obama is part of the problem....of course he is not outraged, he is happy as a lark at his achievment.
Hey BOR, do you ever think things through at all before you open your effin mouth?
The “non factor” is really starting to get on my nerves. His incessant mentioning of the “folks” is the perfect cue for a college drinking game.
Barney screwed Fannie?
But it was my own fault. The signs were there but I wasn't paying attention.
The Democrats engineered the collapse of the economy and the draining of $2 TRILLION dollars out of pension funds just to win this election.
The American voters are letting the msm fool them into voting for their tormentors because they are too lazy and/or ignorant to do any thinking past a 10-second sound bite. Apparently, you can fool 51% of the people all of the time.
The Republicans can claim the high ground partially, but when it came to action they took the easy way out.
If in 2005 they sought to regulate the out of control Freddy and Fanny, they could have stopped business in the House and Senate until they got the public’s attention on the matter.
That was on a T and knocked out of the park. Barney screwed Fannie. Nice.
Barney talks up Fannie Mae, Chucky talks down IndyMac.
Great pair.
Nay, nay Barney screwed Freddie!
I think they should be held responsible as much as the ENRON culprits.
Talk about abuse of power the idiots in congress take the cake!
The whole point though from my understanding is from a legal point of view only the person making the investment can decide how or with whom they invest, therefore it is up to them to decide how good/bad safe/risky the investment is.
The same goes with a mortgage you have to decide can you afford to pay it back not just now but if you have to renegotiate at the end of a 2, 3 or 5 year fixed plan; will payments be too high then based on how you reckon interest rates will go. Also to look at what it would cost if you need to move that mortgage to another mortgage company, are the terms so onerous that you could not do it and would therefore be forced to stay with them at goodness knows what increase in your monthly payments meaning long term you could not afford the mortgate. All of this needs to be looked at before you sign the dotted line.
It boils down to personal responsibility and people do not want to face up to this and that is why Obama is so ahead in the many of the polls.
Naughty naughty LOL
McCain is whitewashing the actions of his Senate colleagues.
From what I gather, they did make an attempt or two, but were rebuffed. There should have been a lot more screaming and indignation.
I ain’t letting them off the hook, but let’s face it the GOP can’t get a break with the press and, in fact, look who is now in charge of the whole thing.
In the private sector you would be fired and have your good name ruined for even being associated with this debacle. In the Dem controlled congress you get to be in charge.
Has he ever mentioned Chriss Dodd or Barney Frank?
Sorry to be flippant but I think we all need a little humour this morning
Chairman of the House Finance Committee Barney Frank ....
Barney is far more qualified to be Chairman of the House Committee on Sodomy & AIDS.
Not so sure about the ruined part in private business certainly not in the financial institutions fired maybe but with golden handshake or parachute not ruined.
Yeah, I guess you’re right about that one ~ it depends on your placew in the food chain??
Certainly on FNC last night a Obama supporter suggested it would not be a major issue and the economy was the thing to concentrate on.
I am have been wondering the last few days what McCain's tactics were is this it?
Senator Hides His Sweet Deals When Will He Release Records?
We wouldn't want Dodd to feel left out :)
Yep those at the top in the private sector have up to know got away scot free, which of course plans into the dems hands this election cycle.
whoops plans = plays
One can never tell with Dems, but Obama probably knows that he simply needs to keep his head up, not answer questions and keep running toward election day ~ keep Michelle, my belle and Obiden under wraps ~ and he should be able to win this.
Tossing barbs at Palin would invite potential problems.
That being said, I don’t think that we can undermine Barry’s arrogance.
Palin, Plain and more Palin is the only antidote I can see for McCain’s campaign.
Your Barney is undoubtably better with money.
Thanks for the correction ~ I’m married to an editor.
By the way, I saw “the holiday” last night ~ a brit/hollywood collab/confab. As it was filmed in England, I am going to blame the Brits for this horribe piece of film.
I lost 2 hours of my life, but I have now been allowed to move up three of my DVD’s in the Netflix cue. I may not even let my wife near a computer for a week.
we’ve let them get away with our money
I agree with that statement. And Bush could have taken the bully pulpit from all of them and named names, so the R's could win in 2006 and again this year. He is so lame and a lame duck. I am beginning to believe the press, Bush is an idiot. I wish he would just go away everytime he speaks now the stock market goes down he is so imcompetent in this very serious matter and he can't even fake it.
No mention of ACORN... typical O’Reilly slop.
Barney screwed Fannie?
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