The Economic Crisis Now Is About Trust
The Democrats Caused The Problem…Can We Trust Them To Fix it?
The economic crisis has now come down to trust and who you trust to fix it. Is it the Democrats who caused the problem or the Republicans that should have made stronger efforts to fix it before now? There is plenty of guilt to go around.
There are two glaringly obvious facts though. The liberal socialist Democrats with the exception of Bill Clinton have refused to accept any responsibility for the economic crisis whatsoever. The Democrats blame the Bush Administration, the Republicans, deregulation, and I’m sure probably global warming, anything and everything except themselves. The second fact is that the real evidence points the blame directly at the socialist Democrats. One thing is very clear the Fannie Mae / Freddie Mac crisis was a very big part of the economic crisis and the Democrats caused the Fannie Mae / Freddie Mac crisis.
In several speaknowamerica.org articles we have shown the crisis has roots beginning in the Jimmy (the peanut farmer) Carter’s Presidency with the Community Reinvestment Act, i.e. social engineering. Then during the Clinton Administration, Andrew Cuomo serving as Secretary of HUD made several changes within HUD to allow the advance of the Sub Prime mortgage market. In 1994, President Clinton unveiled his National Homeownership Strategy, he had Robert Rubin’s Treasury Department quickly rewrite HUD rules before the Republicans gained control of Congress. Clinton recently told ABC’s Chris Cuomo that Democrats for years have been "resisting any efforts by the Republicans in the Congress or by me when I was President to put some standards and tighten up a little on Fannie Mae and Freddie Mac."
Franklin Raines, who served as Head of the U.S. Office of Management and Budget under President Clinton later became Fannie Mae’s CEO. In a 2003 House Financial Services hearing Rep. Barney Frank D-Mass asked Franklin Raines whether he felt the mortgage giant had been "under regulated." While under oath Raines responded, "No Sir." Then Frank announced, "OK, then I am not entirely sure why we are here."
Franklin Raines walked away from Fannie Mae with over $60 million in bonuses. Raines cooked the books, took the money and ran. Now Franklin Raines is an economic housing advisor to the liberal socialist Barack Hussein Obama. Isn’t that like putting the fox in the hen house?
The liberal socialist Barney Frank still won't admit any duplicity or fault on his part or any Democrat’s part. Frank and the other liberal socialist democrats are costing you, the American taxpayer, billions of dollars. Worse while causing you to lose billions of dollars Frank and his democratic friends tried to put money in the bailout plan for the corrupt socialist group ACORN. America can we trust Barack Hussein Obama, Barney Frank and the rest of the deceitful democrats to fix the crisis?
Speaking of ACORN, what an outstanding organization the Democrats chose to funnel your tax dollars into. At the present time ACORN is being investigated for voter registration fraud in 13 states. ACORN is also involved with mortgages for low income people, they use intimidation tactics such as going directly to banker’s homes to force them to make subprime loans. These are exactly the type of loans that have caused the economic crisis. The same type loans Barney Frank and his liberal socialist democratic friends pushed and used coercion to force banks to make.
The liberal socialist Barack Hussein Obama and his democratic friends stopped legislation on more than one occasion to regulate Fannie Mae / Freddie Mac. President Bush tried to get legislation passed which the Democrats blocked. Sen. McCain co-sponsored legislation to regulate Fannie Mae / Freddie Mac that was blocked too. Barack Hussein Obama voted against any legislation to regulate Fannie Mae / Freddie Mac, now he lies and says he was at the forefront. He says he saw the problems and attempted efforts to correct it.
Barack Hussein Obama lies again. Obama’s efforts are not to fix the economic crisis; his number one effort right now is to get elected at any cost. His campaign has given ACORN over $800,000 this year alone. He knows Franklin Raines took millions from Fannie Mae/Freddie Mac yet he uses him as economic housing advisor. He voted against bills to regulate Fannie Mae / Freddie Mac and he accepted over $120,000 from Fannie Mae/Freddie Mac. He and his Democrat friends tried to put money in the economic bailout bill for ACORN. If this is what he means when he says he made efforts to correct things, he needs a new lesson in Economics.
IT'S ABOUT TRUST AMERICA. Can You trust Barack Hussein Obama and the Democrats to fix the economic crisis they caused?
Speak Now America! we want to hear from you.
The economic crisis has now come down to trust and who you trust to fix it. Is it the Democrats who caused the problem or the Republicans that should have made stronger efforts to fix it before now? There is plenty of guilt to go around.
There are two glaringly obvious facts though. The liberal socialist Democrats with the exception of Bill Clinton have refused to accept any responsibility for the economic crisis whatsoever. The Democrats blame the Bush Administration, the Republicans, deregulation, and I’m sure probably global warming, anything and everything except themselves. The second fact is that the real evidence points the blame directly at the socialist Democrats. One thing is very clear the Fannie Mae / Freddie Mac crisis was a very big part of the economic crisis and the Democrats caused the Fannie Mae / Freddie Mac crisis.
In several speaknowamerica.org articles we have shown the crisis has roots beginning in the Jimmy (the peanut farmer) Carter’s Presidency with the Community Reinvestment Act, i.e. social engineering. Then during the Clinton Administration, Andrew Cuomo serving as Secretary of HUD made several changes within HUD to allow the advance of the Sub Prime mortgage market. In 1994, President Clinton unveiled his National Homeownership Strategy, he had Robert Rubin’s Treasury Department quickly rewrite HUD rules before the Republicans gained control of Congress. Clinton recently told ABC’s Chris Cuomo that Democrats for years have been "resisting any efforts by the Republicans in the Congress or by me when I was President to put some standards and tighten up a little on Fannie Mae and Freddie Mac."
Franklin Raines, who served as Head of the U.S. Office of Management and Budget under President Clinton later became Fannie Mae’s CEO. In a 2003 House Financial Services hearing Rep. Barney Frank D-Mass asked Franklin Raines whether he felt the mortgage giant had been "under regulated." While under oath Raines responded, "No Sir." Then Frank announced, "OK, then I am not entirely sure why we are here."
Franklin Raines walked away from Fannie Mae with over $60 million in bonuses. Raines cooked the books, took the money and ran. Now Franklin Raines is an economic housing advisor to the liberal socialist Barack Hussein Obama. Isn’t that like putting the fox in the hen house?
The liberal socialist Barney Frank still won't admit any duplicity or fault on his part or any Democrat’s part. Frank and the other liberal socialist democrats are costing you, the American taxpayer, billions of dollars. Worse while causing you to lose billions of dollars Frank and his democratic friends tried to put money in the bailout plan for the corrupt socialist group ACORN. America can we trust Barack Hussein Obama, Barney Frank and the rest of the deceitful democrats to fix the crisis?
Speaking of ACORN, what an outstanding organization the Democrats chose to funnel your tax dollars into. At the present time ACORN is being investigated for voter registration fraud in 13 states. ACORN is also involved with mortgages for low income people, they use intimidation tactics such as going directly to banker’s homes to force them to make subprime loans. These are exactly the type of loans that have caused the economic crisis. The same type loans Barney Frank and his liberal socialist democratic friends pushed and used coercion to force banks to make.
The liberal socialist Barack Hussein Obama and his democratic friends stopped legislation on more than one occasion to regulate Fannie Mae / Freddie Mac. President Bush tried to get legislation passed which the Democrats blocked. Sen. McCain co-sponsored legislation to regulate Fannie Mae / Freddie Mac that was blocked too. Barack Hussein Obama voted against any legislation to regulate Fannie Mae / Freddie Mac, now he lies and says he was at the forefront. He says he saw the problems and attempted efforts to correct it.
Barack Hussein Obama lies again. Obama’s efforts are not to fix the economic crisis; his number one effort right now is to get elected at any cost. His campaign has given ACORN over $800,000 this year alone. He knows Franklin Raines took millions from Fannie Mae/Freddie Mac yet he uses him as economic housing advisor. He voted against bills to regulate Fannie Mae / Freddie Mac and he accepted over $120,000 from Fannie Mae/Freddie Mac. He and his Democrat friends tried to put money in the economic bailout bill for ACORN. If this is what he means when he says he made efforts to correct things, he needs a new lesson in Economics.
IT'S ABOUT TRUST AMERICA. Can You trust Barack Hussein Obama and the Democrats to fix the economic crisis they caused?
Speak Now America! we want to hear from you.
THIS IS HUGE!!! Obama and the DNC have legally ADMITTED Phillip Berg's charges against Obama's elgibility to be President.
Go to http://www.obamacrimes.com and read the full story, then send the press release to all of the news media!
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