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Democrats' Silencing is Deafening -- John Gibson's Scathing Editorial
Fox News ^ | 9/19/2008 | John Gibson

Posted on 09/19/2008 5:48:36 PM PDT by GVnana

Democrats' Silencing Is Deafening
Friday, September 19, 2008

By John Gibson

It looks to me like Fannie Mae and Freddie Mac — the twin $1 trillion disasters — were the creation of congressional Democrats and a Democrat White House.

So where are the Democrats? Why no news conferences explaining themselves?

Barney Frank — who who insisted Fannie and Freddie had to buy loans made to the unqualified — has had nothing substantial to say, though he did wisecrack yesterday in a Hi-Ho Silver voice: The "loan arranger" is on the way. He was referring to the administration riding in to save him.

Nancy Pelosi denied years of Democrat-sponsored easing of lending standards at Fannie and Freddie and simply said, no, not our fault.

Harry Reid over in the Senate promised Democrat action and immediately adjourned Congress to get out of town right away.

Bob Rubin, the Clinton economic genius who oversaw the launch of Fannie and Freddie drunken sailor's decade, stood with Obama today. Hhe's the one who went from the White House to Citibank where he lost a billion dollars.

John McCain is now running an ad pointing to Obama's link to Franklin Raines, the Clinton official who ran Fannie Mae and took a payday north of $50 million. Raines was reported by The Washington Post to be an Obama adviser on housing issues. But as soon as McCain's ad appeared, Obama rushed to deny Raines was any sort of adviser.

(Excerpt) Read more at foxnews.com ...


TOPICS: Crime/Corruption; Extended News; News/Current Events
KEYWORDS: 110th; economicpolicy; fanniemae; freddiemac; govwatch; housingbubble; johngibson; obama; pelosi; reid

1 posted on 09/19/2008 5:48:36 PM PDT by GVnana
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To: GVnana

DA CHICCCCCKENS ARE COMING HOME TO ROOOOOOOSTA!


2 posted on 09/19/2008 5:51:36 PM PDT by Doogle (USAF.68-73..8th TFW Ubon Thailand..never store a threat you should have eliminated))
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To: GVnana
The Chickens have come home to ...

well, you know.

3 posted on 09/19/2008 5:51:54 PM PDT by Nachum (Sarah Palin: Baberaham Lincoln)
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To: GVnana

These dems are rather like cockroaches scurrying for the dark when the light shines on them.


4 posted on 09/19/2008 5:52:53 PM PDT by Panzerlied ("We shall never surrender!")
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To: GVnana

This was a brilliant commentary. I loved watching it earlier this evening.


5 posted on 09/19/2008 5:53:44 PM PDT by PowerPro (McCain/Palin FTW)
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To: GVnana

Frank, Dodd, Clinton, Kerry...

But Schumer was the ‘eraser’ and not long ago, Spitzer was his attack dog...


6 posted on 09/19/2008 5:54:15 PM PDT by xcamel (Conservatives start smart, and get rich, liberals start rich, and get stupid.)
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To: GVnana
This debacle makes me want to scream in frustration. A Democrat president and Democrat congress push for a socialist program to promote class warfare. The system predictably and catastrophically fails, leading to...

an even more socialist solution. These thieves cannot lose. Nobody, but nobody, has the backbone to say, "No more handouts." And our illustrious leaders print more money as we sink into the morass.

7 posted on 09/19/2008 5:57:31 PM PDT by Chaguito
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To: GVnana

The Democrats did it, but the Republicans didn’t do much to stop it. People who can’t afford to buy houses can’t afford to buy houses. That’s life. Get used to it. Regrettably, people who can’t afford to buy houses don’t like to live in public housing, etc. either, because other people who can’t afford to buy houses make such places intolerable. We have more people in jail than most countries do, but more belong there and they belong there sooner. It’s their choice, after all.


8 posted on 09/19/2008 5:57:54 PM PDT by mathurine
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To: Panzerlied

“These dems are rather like cockroaches scurrying for the dark when the light shines on them.”

Good analogy.


9 posted on 09/19/2008 5:58:43 PM PDT by 1035rep
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To: GVnana

bttt


10 posted on 09/19/2008 6:06:52 PM PDT by Guenevere
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To: GVnana

I could see a new McCain ad:

Obama’s plan - do we really want to use Fannie Mae as the blueprint for the nation’s economy?


11 posted on 09/19/2008 6:07:14 PM PDT by javachip
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To: GVnana

McCain is letting Obambi and the MSM define the issue. McCain has a golden opportunity to explain the Dims’ complicity in this debacle and thus attack Obambi, but I have my doubts he will do it to any significant extent.


12 posted on 09/19/2008 6:11:12 PM PDT by ought-six ( Multiculturalism is national suicide, and political correctness is the cyanide capsule.)
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To: GVnana

Bump....


13 posted on 09/19/2008 6:18:51 PM PDT by Intolerant in NJ
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To: mathurine

Realistically, lending standards were rather reasonable until about 2000-2001 then the slide started.

If it were me...I’d clean up Fannie and Freddie, then entirely privatize them in about 3 to 7 years.


14 posted on 09/19/2008 6:20:56 PM PDT by RockinRight (Obama who?)
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To: Intolerant in NJ

another bump


15 posted on 09/19/2008 6:22:22 PM PDT by Republic (Rush Limbaugh, Sean Hannity & Mark Levin have a genuine passion for our nation!)
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To: GVnana

Yup, got to hand it to the Pelosi team, so, so busily cleaning up corruption! All they did was stir the poop and now we’re getting the smell! /snark off


16 posted on 09/19/2008 6:23:21 PM PDT by pray4liberty (It's the smile that keeps me out of trouble.)
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To: RockinRight

The “refi boom” had played out by the end of 2001, so to keep the $$$ flowing they had to lower the lending standards.


17 posted on 09/19/2008 6:24:06 PM PDT by GVnana ("I once dressed as Tina Fey for Halloween." - Sarah Palin)
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To: ought-six

McCain warned about this in 2006 and wrote a bill, but the Dems killed it. That should get some play now, otherwise it’s back to “blame the Republicans.”


18 posted on 09/19/2008 6:24:26 PM PDT by pray4liberty (It's the smile that keeps me out of trouble.)
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To: GVnana

I know someone who owns a mortgage company, I know for a fact that they felt pressured to give minorities loans, most mortgage companies were afraid to deny minority loans. I saw some whoppers, they do everything they can to sell those loans immediately.

It wasn’t just minorities though, all the old rules of lending went out the window, people were “qualifying” for double and triple for what they would qualify for 20 years ago. As long as houses kept going up people could sell them, and well, you know the rest of the story.


19 posted on 09/19/2008 6:25:39 PM PDT by word_warrior_bob (You can now see my amazing doggie and new puppy on my homepage!! Come say hello to Jake & Sonny)
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To: GVnana
I hope that comes up on youtube.
20 posted on 09/19/2008 6:27:21 PM PDT by angelsonmyside
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To: ought-six
McCain has a golden opportunity to explain the Dims’ complicity in this debacle and thus attack Obambi, but I have my doubts he will do it to any significant extent.

McCain lost the ability to realize that the RATS are not friends. He has to make a choice, friends or deadly enemy. And he has to make decisions fast!!!!! Sometimes I wonder if he is capable to answer that 3PM phone call with any authority.

21 posted on 09/19/2008 6:33:37 PM PDT by Logical me (Oh, well!!!)
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To: GVnana

“The “refi boom” had played out by the end of 2001, so to keep the $$$ flowing they had to lower the lending standards.”

The lower lending standards were probably part of the post 9/11 economic incentives. So were Bushes tax cuts and the Dem’s gov’t spending. All the gov’t meddling to help the economy.


22 posted on 09/19/2008 6:48:21 PM PDT by revtown
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To: mathurine

Sadly, people who could afford to buy their houses have suffered equally. I was one of the lucky ones, who, after almost 30 years of ownership was able, barely, to sell my home before the market came apart.

I could be looking for a tall building now but for a stroke of luck.


23 posted on 09/19/2008 6:49:01 PM PDT by billhilly (I was republican when republican wasn't cool. (With an apology to Barbara Mandrell.))
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To: GVnana
for Obama, he's No. 2 on the Fannie-Freddie political contribution list

I keep hearing the same phrasing when it comes to Obama being number 2 on the Fannie-Freedie contributions list.

But, wouldn't it be a lot more correct and effective to state the same thing in a much more powerful way? Isn't Obama the NUMBER ONE when it comes to contributions to congresspeople/senators?

Obama is the NUMBER ONE recipient in Congress of Freeddie and Fannie contributions. It should be stated that way.
24 posted on 09/19/2008 6:56:03 PM PDT by adorno
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To: mathurine

I have been reading the foreclosure listings in our local paper, mostly out of curiosity, but also out of investment opportunities. One thing that stands out is in 90% of these foreclosure listings, only ONE person is listed as owning the home. “A single woman, a single man, a married man as his own property...” Not to mention, yes, most of these names are typically not a white person.
I don’t know about you, but here in Caleeefornia, it used to take TWO working members of a family to purchase a home, let alone qualify for a loan. So someone has been handing out these loans to those who have no one to fall back on if their precarious financial situation changes.


25 posted on 09/19/2008 7:00:25 PM PDT by Semperfiwife (Common sense is in short supply in Washington)
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To: adorno

No because Senator Chris Dodd is the #1 so Obama is #2.


26 posted on 09/19/2008 7:27:33 PM PDT by chris_bdba
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To: Doogle

The republicans need to hang this around the democrats neck. Why are they not doing that? The republicans are going to have to get tough and start attacking democrats on this economy and all the problems or they are going to lose.


27 posted on 09/19/2008 7:29:00 PM PDT by HwyChile
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To: adorno
number 2 on the Fannie-Freedie contributions list.

Wouldn't that be just perfect? The campaign is obviously directly quoting a list that they did not generate. That means it will take the Obama camp a little more effort to spin their way out of this one.

28 posted on 09/19/2008 8:03:22 PM PDT by GVnana ("I once dressed as Tina Fey for Halloween." - Sarah Palin)
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To: Doogle

the chickens are coming home to roost all right....right in the laps of republicans.

(propagandistically speaking; look for democrats to get a pass.)

IMHO


29 posted on 09/19/2008 8:07:52 PM PDT by ripley
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To: HwyChile

Seems like McCain is doing a pretty good job of making the case against the Dims.

McCain’s Economic Speech in Green Bay
http://www.freerepublic.com/focus/f-news/2086278/posts


30 posted on 09/19/2008 8:07:59 PM PDT by listenhillary (Palin accomplished more in the PTA than Obama did as a community organizer)
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To: GVnana

Ka—boom!


31 posted on 09/19/2008 8:44:40 PM PDT by Salvation ( †With God all things are possible.†)
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To: mathurine
The Democrats did it, but the Republicans didn’t do much to stop it.

That's the perfect angle of attack for McCain/Palin. It's straight talk, it's mavericky, it's insubordinate, and most important... it's TRUE!

The Democrats in Washington made this mess, and the Republicans in Washington didn’t do much to stop them. But you can do something about it now. Vote for McCain/Palin on November 4, and vote the Washington establishment out of office while you're at it.

I'm John McCain, and I should approve this message.

32 posted on 09/20/2008 11:01:19 AM PDT by howdy doody (should I?)
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To: howdy doody

Very fine.


33 posted on 09/20/2008 12:16:06 PM PDT by mathurine
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