Good Morning everyone!
Popping in briefly before heading to the Western WA State Fair in Pullyup (6th largest fair in the nation :-).
I see they’re having Schmuckie, Dodd and Barney on to re-write history and try to explain that they had no part of this mess, it’s all Bush’s fault TM and, that we need to protect not only Wall Street but Main Street (the Dims new mantra).
Schumer, Dodd and Frank Asleep At The Wheel or Stuck On Stupid?
Barnhart Blog.com ^ | September 17, 2008 | John Barnhart
Posted on Wednesday, September 17, 2008 9:20:36 PM by BarnhartBlog
This Blog is specifically intended for liberal Democrats Charles Schumer, of New York, Chris Dodd of Connecticut and Barney Frank of Massachusetts. I want to know from you three and others like you who share your ideas of what government should be, where in the “Sam Hill” were you gentlemen as the current financial house of cards was starting to show signs of folding?
http://www.freerepublic.com/focus/f-bloggers/2084816/posts
119 posted on Friday, September 19, 2008 6:44:26 AM by Seattle Conservative (God Bless and protect our troops and their CIC)
http://www.freerepublic.com/focus/news/2085774/posts?page=119#119
“This financial storm may have been created to make Bush look bad”
From the article I posted earlier in this thread:
Why didn’t you three or the “Dali-Bama” push for the passage of sweeping banking, mortgage lending and loan insurance reform legislation back in 2003 and 2005? Bush, McCain and hundreds of economists saw this disaster coming, but oh no not you!
Simply stated it was because Schumer, Dodd, Frank and your cronies like Reid, Rangel, Murtha, Boxer, Diane “Franken-Feinstein”, Hillary “Rotten” Clinton, and Nancy “Stretch” Pelosi were too busy concentrating on blocking every piece of legislation on the Presidential wish list just to make the administration look bad. The plan was to keep the public and the news media focused on the war in Iraq, all in an effort to swing power back to liberal Democrats prior to the election.
Well you three back benchers it worked and thank you for this mess we are in. Now you and so many others on the liberal left, including Senators Joe Biden and Barack Obama want to cry foul... and it stinks sirs.
President Bush and John McCain saw this coming and you three did nothing, just because you clowns were in the middle of a big power grab you all chose to sit on your hands while leading in the charge to do nothing! You and so many others like you on the left refused the pass the FDIC Banking Reform Act of 2005 H.R. 1185 and you also refused to pass the Mortgage Regulatory Reform Act of 2005. Each of you claim now that Republicans have supposedly pushed us into this mess, yet you all continually blocked the passage of proposed Republican legislation to prevent it, just so you could win an election!
http://www.freerepublic.com/focus/f-bloggers/2084816/posts
http://www.freerepublic.com/focus/news/2085774/posts?page=163#163
Wonder if 0bama’s financial advisor will relay Bambi’s plan, or if he’s still holding back (reminds me of sKerry in the last election, “I have a PLAN” (though he never wanted to share any of them):
“Given the gravity of this situation, and based on conversations I have had with both Secretary Paulson and Chairman Bernanke, I have asked my economic team to refrain from presenting a more detailed blue-print of how an immediate plan might be structured until the Treasury and the Federal Reserve have had an opportunity to present their proposal.”
(Excerpt) Read more at news.yahoo.com ...
http://www.freerepublic.com/focus/f-news/2085800/posts
I guess I have always longed for GW to come out with both guns blazing against the dirty dems since there is really no down side to blasting them for their screw ups.
Besides the rats have always respected strength and walked all over weakness.
Hi good to see you
Puyallup Fairgrounds are great. Was there for the sewing extravaganza there years ago. Enjoy!
Credit, where credit is due:
~~~~
*snip*
But it 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.
Tough new regulations forced lenders into high-risk areas where they had no choice but to lower lending standards to make the loans that sound business practices had previously guarded against making. It was either that or face stiff government penalties.
The untold story in this whole national crisis is that President Clinton put on steroids the Community Redevelopment Act, a well-intended Carter-era law designed to encourage minority homeownership. And in so doing, he helped create the market for the risky subprime loans that he and Democrats now decry as not only greedy but “predatory.”
http://ibdeditorial.com/IBDArticles.aspx?id=306370789279709