Posted on 10/06/2008 12:25:13 PM PDT by PajamaTruthMafia
Explosive Audio Unearthed: After the Sub Prime Crisis already started in 2007 Obama says Sub Prime Mortgages that gave houses to people WHO COULDN'T AFFORD THEM was a GOOD IDEA!!
Even as it was destroying our economy Obama thinks giving people mortgages who couldn't afford them was a good idea. Then he says spreading the bad debt throughout the financial system was good "in theory"
“STARTED OFF AS a good idea...”
Be careful.
McCain just mentioned Obama's "good idea" at a campaign rally!!!! Hope that was quick enough ;-)
{paraphrase} it was a good idea to screw around with the normal supply and demand of the mortgage industry and stick the American people with the bill for those mortgages which are not paid back on loans which would never have been written if not for a Congressional mandate to do so. After all, the American people owe it to those people who can’t afford a house to under-write one for them. its the fair thing to do. {Biden adds: Its the patriotic thing to do}
typical leftist agenda...take from the workers and give to losers. Redistribution of wealth, class and race warfare all on Obama’s to do list after election.
“Started off as a good idea”
It sounds like something else followed.
I would be careful how it was used until the full context of the clip is heard.
But his intentions were pure....
Do you think it’s a good idea to loan money to people with no hope of ever paying it back? Would you say it started off as a good idea? It’s only a good idea if you’re an idiot.
http://www.barackobama.com/2007/09/17/remarks_of_senator_barack_obam_24.php
The whole quote makes Barry look prescient... But the SOB never lifted a finger in 9/2007 to avert any problems.
If its so damning to barry, why is the ultimate source at www.barackobama.com?
He has a “plan”. I’m still waiting to see John Kerry’s big ole plan....Not worth the toilet tissue that has been smeared upon...
Off subject, but I love Pookie! I even named my cat Pookie.
Do you remember a song Pookie sang “Daddy dear, tell me true, is the sky really blue....”
Can’t find out what song that was anywhere.
And I still miss Soupy Sales.
it’s on NYT, too:
http://www.nytimes.com/2007/09/17/us/politics/16text-obama.html?pagewanted=3
I would be VERY VERY careful about this...this is not an explosive video, imho. At most, it says he recognized it in 2007, the consequences, too, but did nothing to LEAD his own party to fix the mess a year ago...
At most - I would say you could go after him and say he knew about it, but did nothing in Congress to stop it or prevent it from being so bad.
Kinda like knowing Katrina is coming, but not acting like a leader and getting folks out through mandatory evacuations in time. Whether Bush was to blame or not, he pretty much got the bulk of the blame when thousands died.
bump
To answer you questions,no it is not a good idea.
I still, however would like to hear the whole clip,just for information purposes before I ran with it!
the whole speach is on obama’s website and also the NYT...see the links above...
bttt
I think the last few months have proved that making housing "affordable" for one group of people while sticking the rest of the world with the tab ain't such a hot idea.
Do you suppose that anyone besides Artur Davis will have the cojones to apologize?
The silence is deafening.
In my not-so-humble opinion, too.
Well, you came to the right place...here's your song, not by Pookie, which I have on a 45:
!!
Thanks
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