Group's Ad Blames Crisis on Democrats

WSJ ^ | Oct 8, 2008 | BRODY MULLINS and T.W. FARNAM

[fightinJAG]

WASHINGTON -- A conservative political organization will begin airing nationwide TV advertisements Wednesday that criticize congressional Democrats for their ties to mortgage giants Freddie Mac and Fannie Mae, an early example of what will likely be a flood of spots running up to Election Day focused on the financial crisis.

The group sponsoring the $1 million advertising buy, the American Issues Project, is the same organization that spent nearly $3 million on a television campaign to tie Democratic presidential candidate Barack Obama to former radical William Ayers.

Spending by such outside political organizations in the 2008 election hasn't matched the pace of 2004, when dozens of groups spent hundreds of millions of dollars. The ads from the American Issues Project are among the first by a conservative organization to blame Democrats for the financial crisis.

"Chris Dodd takes big money from Fannie and Freddie," a narrator says in the ad. "Dodd kills reform and secures a sweetheart mortgage for himself." The ad concludes: "Who should you trust on the economy?"

[fightinJAG]

Thanks. I needed that.

[1-Eagle]

Looks like the maker is American Issues Project

they need to run this thing in every State in the Union, not just battleground States. They only target Dodd in the ad, but he isn't the only guilty party. Barney Frank (MA), Maxine Waters (CA), Artur Davis (AL), Gregory(NY), Schumer(NY) and others not only defiantly defended Fannie Mae from efforts to regulate, but viciously attacked the current regulator (Clinton appointment) for even speaking about the subject. One of the Senators cynically called the hearings a "public lynching of Frank Raines." About a year later, Frank Raines was fired for mis-management but not until after he had collected over $90 million in bonuses from Fannie Mae. Maxine Waters was very clear in her defense of Frank Raines: "Frank Raines who particularly has done a fine job."

They need to sink the whole lot of them. Why they are not doing this 24/7 defies all logic.