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Obama Picks Up Phone on Economy (THIS is funny!)
ABC News ^ | 09/21/2008

Posted on 09/21/2008 5:16:46 PM PDT by PhilosopherStones

ABC's Sunlen Miller reports: Since yesterday, Sen. Barack Obama has spoken on the phone with House Speaker Nancy Pelosi, Senate Majority Leader Harry Reid, Senate Banking Committee chairman Chris Dodd, Rep. Barney Frank, Sen. Chuck Schumer, Rep. Ralph Emmanuel, former President Bill Clinton and Sen. Hillary Clinton about the economic situation and the plan for dealing with it.

(Excerpt) Read more at blogs.abcnews.com ...


TOPICS: Business/Economy; Government; News/Current Events; Politics/Elections
KEYWORDS: 110th; chrisdodd; congress; economicpolicy; financiacrisis; obama; obamabiden; pelosi
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To: toomanygrasshoppers

“He has no confidence in himself.”

And given his record, he has no reason to have confidence in himself...


41 posted on 09/21/2008 6:03:37 PM PDT by PhilosopherStones
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To: PhilosopherStones

42 posted on 09/21/2008 6:11:25 PM PDT by Right Brother
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To: dead
Wait...is this a real photo? The receiver is upside down. The wire belongs on the BOTTOM.
43 posted on 09/21/2008 6:18:52 PM PDT by JrsyJack
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To: dead

Sorry dead, I didn’t see your pic before I posted mine. You and I are on the same page........literally.


44 posted on 09/21/2008 6:19:21 PM PDT by Right Brother
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To: PhilosopherStones

Notice how all of his advisers were Dems. This could be used as another example of how he fails to “reach across the isle”. Didn’t Bush have some Dems in his meeting where his plan was spawned? This should be an ad for McCain. The biggest gainers of Fannie and Freddie promising everything to everyone with no way of paying for it.


45 posted on 09/21/2008 6:22:32 PM PDT by DataDink
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To: John Valentine

“I think that the only reason he didn’t mention speaking to Jamie Gorelick is that she was not available behind the “wall of separation”...”

A MUST READ!
http://www.americanthinker.com/2008/09/mistress_of_disaster_jamie_gor.html


46 posted on 09/21/2008 6:24:54 PM PDT by seekthetruth
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To: DataDink

Hopefully Obama and his Dem cohorts will resort to form and try to load up on earmarks. This will give McCain and free shot at a “there you go again” moment.


47 posted on 09/21/2008 6:26:12 PM PDT by JrsyJack
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To: John Valentine
speaking to Jamie Gorelick is that she was not available behind the “wall of separation”...

I thought everyone had forgotten the master mind behind 9/11, the one who (along with Bill Clinton, one of the biggest fools in history) brought us Oklahoma City and it's ties to Iraq made so clear by Jayna Davis, and then Jayna in THE THIRD TERRORIST even ties OKC to TWA800 and 9/11.

It's a wonder that anyone remembers that Jamie Gorelick was a player in the biggest con job in history that parallels the Warren Commission. I thought Hillary would make Jamie a cabinet member, but, you may have a point, Hussein might bring Jamie Gorelick back as she is a bigger liar than any of the rest of them.

48 posted on 09/21/2008 6:29:52 PM PDT by BILL_C (Those who don't understand the lessons of history are bound to repeat them!)
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To: PhilosopherStones
Obama has spoken on the phone with House Speaker Nancy Pelosi, Senate Majority Leader Harry Reid, Senate Banking Committee chairman Chris Dodd, Rep. Barney Frank, Sen. Chuck Schumer, Rep. Ralph Emmanuel, former President Bill Clinton and Sen. Hillary Clinton...the conversations were about devising a "quick, bipartisan solution" to the economic crisis

>Do these people bother to think about what they're saying?!!

49 posted on 09/21/2008 6:30:14 PM PDT by Nevermore
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To: boycott
Why do you have a problem with us spending $700 Billion to bail out OUR ECONOMY when it was your plan to send $845 Billion of OUR MONEY to the UN for the Global Poverty Act (global welfare program) that you sponsored in the senate?

Bingo! I continue to wait in vain for Obama to be asked this very question. Glad I'm not the only one.

50 posted on 09/21/2008 6:31:11 PM PDT by Maceman (If you're not getting a tax cut, you're getting a pay cut.)
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To: PhilosopherStones

Barney Frank knows a lot about small business. In addition to the banking committee, doesn’t he run a massage parlor of some sort?


51 posted on 09/21/2008 6:39:46 PM PDT by farmer18th (I had a brain transplant after college. (The original was ruined.))
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To: counterpunch

I think he’s under the bus now?


52 posted on 09/21/2008 6:45:12 PM PDT by chris_bdba
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To: farmer18th

I believe his “partner” was running a male prostitution service out of Frank’s taxpayer supplied apartment.


53 posted on 09/21/2008 6:49:20 PM PDT by JrsyJack
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To: JrsyJack
I believe his “partner” was running a male prostitution service out of Frank’s taxpayer supplied apartment.

Where is Cotton Mather when we need him?
54 posted on 09/21/2008 6:51:20 PM PDT by farmer18th (I had a brain transplant after college. (The original was ruined.))
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To: PowerPro
The message we sent to congress on the immigration bill was deafening, lets send the same deafening message to congress and the senate, WE THE PEOPLE DEMAND JAIL TIME FOR THOSE INVOVED WITH THIS FINANCIAL CRISIS THAT OUR CHILDREN WILL HAVE TO PAY FOR!
55 posted on 09/21/2008 6:52:12 PM PDT by ronnie raygun (IF YOU ARE NOT CONSERVATIVE BY 35 YOU HAVE NO BRAIN. W CHURCHILL)
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To: PhilosopherStones
I did some research on the bill that could have saved us all from this mess. It was S. 190 from the 109th Congress. Sponsored by Sen Hagel and co-sponsored by Sen Dole, Sen McCain and Sen Sununu.

Federal Housing Enterprise Regulatory Reform Act of 2005 - Amends the Federal Housing Enterprises Financial Safety and Soundness Act of 1992 to establish:

(1) in lieu of the Office of Federal Housing Enterprise Oversight of the Department of Housing and Urban Development (HUD), an independent Federal Housing Enterprise Regulatory Agency which shall have authority over the Federal Home Loan Bank Finance Corporation, the Federal Home Loan Banks, the Federal National Mortgage Association (Fannie Mae), and the Federal Home Loan Mortgage Corporation (Freddie Mac);and (2) the Federal Housing Enterprise Board.

Sets forth operating, administrative, and regulatory provisions of the Agency, including provisions respecting: (1) assessment authority; (2) authority to limit nonmission-related assets; (3) minimum and critical capital levels; (4) risk-based capital test; (5) capital classifications and undercapitalized enterprises; (6) enforcement actions and penalties; (7) golden parachutes; and (8) reporting.

Amends the Federal Home Loan Bank Act to establish the Federal Home Loan Bank Finance Corporation. Transfers the functions of the Office of Finance of the Federal Home Loan Banks to such Corporation.

Excludes the Federal Home Loan Banks from certain securities reporting requirements.

Abolishes the Federal Housing Finance Board.

Here is a summary of all of the activity on this bill:
1/26/2005: Sponsor introductory remarks on measure. (CR S599-600)
1/26/2005: Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
7/28/2005: Committee on Banking, Housing, and Urban Affairs. Ordered to be reported with an amendment in the nature of a substitute favorably.

It seems to have died in Sen Dodd's committee.

To read more, click here

Anybody see Zero's name anywhere near this bill? I didn't think so either.

56 posted on 09/21/2008 6:58:31 PM PDT by DataDink
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To: boycott

Why do you have a problem with us spending $700 Billion to bail out OUR ECONOMY when it was your plan to send $845 Billion of OUR MONEY to the UN for the Global Poverty Act (global welfare program) that you sponsored in the senate?

point


57 posted on 09/21/2008 7:01:45 PM PDT by Son House (Palin, Has The Left Press Wailing! [MSNBC, ABC, CBS, CNN, New York Times,...])
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To: Maceman

Lets destroy this jerk


58 posted on 09/21/2008 7:06:53 PM PDT by mylife (The Roar Of the Masses Could be Farts)
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To: Americanwolfsbrother

He’s not looking for economic advise, he is looking for suggestions on how to blame the crisis on Bush And McCain and to make sure they all have their talking points in agreement.


59 posted on 09/21/2008 7:07:08 PM PDT by my right
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To: BILL_C

Maybe you don’t know that Gorelick went on to become a legal eagle at Fannie Mae, where she took home more than $24 million.....


60 posted on 09/21/2008 7:41:51 PM PDT by John Valentine
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