September 18, 2008

Just remember though -- he's for "change"

Uh-huh. Fannie Mae and the Democrats ... including (quite significantly, too) Barack Obama?

A must view:

See also here. Oh, and guess who actually proposed supervision of Fannie Mae way back in 2003?? Three letters: GWB. But Fannie Mae a problem? What? Check it:

''These two entities -- Fannie Mae and Freddie Mac -- are not facing any kind of financial crisis,'' said Representative Barney Frank of Massachusetts, the ranking Democrat on the Financial Services Committee. ''The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing.''

Representative Melvin L. Watt, Democrat of North Carolina, agreed.

''I don't see much other than a shell game going on here, moving something from one agency to another and in the process weakening the bargaining power of poorer families and their ability to get affordable housing,'' Mr. Watt said.

Posted by Hube at September 18, 2008 02:46 PM | TrackBack

Comments  (We reserve the right to edit and/or delete any comments. If your comment is blocked or won't post, e-mail us and we'll post it for you.)

Nice statement from McCain today (via Bookworm):
"Senator Obama talks a tough game on the financial markets but the facts tell a different story. He took more money from Fannie and Freddie than any Senator but the Democratic chairman of the committee that regulates them. He put Fannie Maeís CEO who helped create this disaster in charge of finding his Vice President. Fannieís former General Counsel is a senior advisor to his campaign. Whose side do you think he is on? When I pushed legislation to reform Fannie Mae and Freddie Mac, Senator Obama was silent. He didnít lift a hand to avert this crisis. While the leaders of Fannie and Freddie were lining the pockets of his campaign, they were sowing the seeds of the financial crisis we see today and enriching themselves with millions of dollars in payments. Thatís not change, thatís whatís broken in Washington."

Posted by: soccer dad at September 18, 2008 03:53 PM

Haven't you learned yet to question anything McCain says? For example, two days ago, he said that AIG should not be bailed out. Then yesterday he said it was a good idea that they were bailed out. Another, McCain has long been an opponent of regulation. Now, all of a sudden, he is all for it. The man changes with the political wind, also like his pick of the unqualified Sarah Palin, for political reasons, forgetting about his own health challenges. And then he chooses "Country First" as his campaign slogan. What a joke? Not really - this is serious stuff!

McCain is a fine one to talk about Obama's staff, when his own is made up of big-time Washington lobbyists.

But more to the point here. Obama fired Fannie Mae's CEO Jim Johnston from his VP search team, a fact you did not include. According to the AP, the McClain claim that a former Fannie Mae Chief Counsel Frank Raines is on Obama's staff as a senior economic advisor is an outright lie.
http://www.huffingtonpost.com/2008/09/19/itimei-new-mccain-attack_n_127670.html

So you need to get YOUR facts straight before you repeat McCain's misstatements and outright lies.

Posted by: Perry Hood at September 19, 2008 03:25 PM

Perry: Haven't you learned to question anything the Messiah says? Of course not! This is why he's the Messiah!

Fact: The Bush admin. wanted regulation of Fannie Mae and Freddie Mac back in 2003. Fact: McCain favored said regulation. Fact: Congress did nothing. (See the end of this post.)

Fact: Either Raines advised Obama based on his own words ... or he didn't, based on Obama's claims. IOW, is Raines lying now to the WaPo, or was he lying then to the WaPo?

Posted by: Hube at September 19, 2008 04:30 PM

Hube, you divert. The point is whether Raines was on Obama's campaign staff, not on whether they may have communicated at some time in the past. I'll stick with the AP story on that.

Posted by: Perry Hood at September 19, 2008 11:04 PM

Once again, your pathetic reading skills fail your fossilized self, Perry. Nowhere in the post or my previous comment did I make that claim. Soccer Dad may have; I didn't. Therefore, I haven't "diverted" anything.

Yeah -- you stick w/the AP b/c it supports your POV. So I guess I'll take the WaPo.

Don't you question anything the Messiah does, Perry?

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Posted by: Hube at September 20, 2008 09:40 AM