The Blame Game

The Democrats have been denying that they are the primary cause of the Fannie and Freddie fiascos. Even Bill Clinton admits that there needed to be greater regulatory controls and key Dems consistently fought against them. Listen to Cal Thomas:

When Speaker Nancy Pelosi took to the floor of the House on Monday to blame Republicans for the financial turmoil and charge them with a laissez-fare attitude toward regulation, it seemed like a calculated effort to shift attention and accountability from what Democrats have done to create the current conditions. Fortunately, we have YouTube.

Let Limbaugh Moderate The Next Presidential Debate

I suggest we ask Rush Limbaugh to ‘moderate’ the next Presidential Debate. He does not have a book coming out on McCain. He has been a harsh critic of McCain at times. While he is a vocal conservative, he would add a good balance to the the line-up of Moderators we have this season. Compare him to Gwen Ifill.

Gwen Ifill is a partisan supporter of Barack Obama. As one writer described her, Ifill is so far in the Obama tank, she needs an oxygen line. She has book coming out that is nothing short of glowing in her admiration for the Senator. she has followed him on the campaign trail and written a piece for Essence that defines the term “Puff.”

Pelosi Allows Dems To Vote No

Why did 94 Democrats vote against the bailout? Take a look at Bill Dyer’s analysis:

I thought it was bad enough that House Speaker Nancy Pelosi had made a deliberate decision not to make today’s vote on the Democrat’s economic stabilization bill a “party loyalty” vote in which the House Democratic leadership made absolutely clear that it expected loyal Democrats to vote in favor of the bill. Ignoring all of the immense power to persuade that inheres in the position of Speaker of the House, Speaker Pelosi wouldn’t even offer (or threaten to withhold) so much as a choice Capitol parking spot to make up the 12-vote margin between victory and defeat of H.R. 3997, the Emergency Economic Stabilization Act of 2008.

Democrats Kill Bailout

The bailout was killed by House Democrats. Yes, Democrats. Losing by a margin of 228-205, the measure only needed 12 members to change their minds.

95 Democrats voted against the bill.

Quit blaming John McCain for failure to keep your majority, in the majority.

Take a look at these articles -

Bill Dyer at Townhall – Elections have Consequences

Hugh Hewitt – Duplicity and Cynicism

Michelle – The Crap Sandwich

Hot Air – Bailout Bill Fails After Pelosi Speech

Popularity: 1% [?]

The Real Culprits In This Meltdown

I wrote a lengthy post on this top yesterday but Investor’s Business Daily has expanded and improved on my material.

Big Government: Barack Obama and Democrats blame the historic financial turmoil on the market. But if it’s dysfunctional, Democrats during the Clinton years are a prime reason for it…

[I]t was the Clinton administration, obsessed with multiculturalism, that dictated where mortgage lenders could lend, and originally helped create the market for the high-risk subprime loans now infecting like a retrovirus the balance sheets of many of Wall Street’s most revered institutions.

The Democrats Did It

After days of moaning and blaming, perhaps a few facts should be inserted into the discussion about the current financial melt-down.

Barack Obama blames John McCain and Republicans for the mess. Why? According to Obama, Conservatives have been advocating de-regulation and free market controls and this de-regulation produced the current fiasco. Sounds great to liberals. Must be true.

Who is Telling the Biggest Lies?

Ruth Marcus has an excellent article in the Washington Post,  Closing the Whopper Gap.  She compares the lies, exaggerations, and half-truths of McCain compared to Obama.

Guess who is telling the biggest lies? Barack Obama. Read the whole story.

Popularity: 1% [?]

Fannie Mae Five – Five Key Players Who Broke The System

What do Chris Dodd,  Barney Frank, Jim Johnson, Franklin Raines and Tim Howard have in common (besides being engineers on the Barack Obama Election Express)? I try not to just scrape the content of other sites but Mcauleys World has a great article with info that is essential for everyone to know.

Five Key Players In Washington who had chances to prevent the Financial Crisis but who, by their actions or inactions helped to bring down Wall Street.

Senator Christopher Dodd

Democrat from Connecticut. Dodd has been in the Senate for 28 years. Dodd has served as Chairman of the Democratic National Committee. Dodd is Chairman of the Senate Banking Committee. As Chairman he had responsibility for acting as a “watch-dog” of Fannie Mae and Freddie Mac. Dodd has responsibilty for assisting in the selection of the CEO’s who run Fannie Mae and Freddie Mac.  Dodd was a leading contender to be Obama’s Vice Presidential selection until his receipt of VIP loans from Countywide Financial were disclosed.

It has been reported that Dodd received $7,000,000 in loans from Countywide. Dodd’s Committee was responsible for overseeing Banks in the United States. Countrywide is one of the leading culprits responsible for the lending policies that brought on this Crisis. Countrywide is under FBI investigation for securities fraud. The Government Watchdog Group, The Center For Responsive Politics, reports that Senator Dodd received more campaign contributions from Fannie Mae and Freddie Mac than any other Senator.

Popularity: 9% [?]

On Being Retired

A friend sent this to me and I had to pass it on.

Working people frequently ask retired people what we do to make our days interesting.

Well, for example, the other day I went downtown to go to the News Stand for the Wall Street Journal so I could track my investments. I was only in there for about 5 minutes. When I came out, there was a cop writing out a parking ticket. I said to him, ‘Come on, man, don’t you have anything better to do than write a retired person a ticket? Why aren’t you out chasing crooks or
child molesters…that’s out of your league, obviously !!!

Pin the Tail on the Donkey

Michael Reagan has a fabulous article on the financial crisis we have been reading about this week. Who is at fault? Who should get the blame?

Pin the tail on the Donkeys.

Bill Clinton and Democrats made the policies. Democrats did the consulting. Democrats accepted the contributions. And now Democrats will get off scott-free. Reagan points out that,

The scandal of Fannie Mae and Freddie Mac dwarfs the Enron debacle. In Enron, people went to jail. With the Fannies, some just walked away with millions.”