Skip to comments.All That Darned Conservatism
Posted on 10/10/2008 8:08:28 AM PDT by MHGinTN
"Over many years of ascendancy, conservative Republicans have filled government agencies with conservative Republicans and proceeded to enact the conservative Republican policy wish list -- tax cuts, deregulation, privatization, outsourcing federal work, and so on.
"And as a consequence of these policies our conservative Republican government has bungled most of the big tasks that have fallen to it. The rescue and recovery of the Gulf Coast was a disaster. The reconstruction of Iraq was a disaster. The regulatory agencies became so dumb they didn't even see the disasters they were set up to prevent. And each disaster was attributable to the conservative philosophy of government."
"These two entities, Fannie Mae and Freddie Mac, are not facing any kind of financial crisis. The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing."
Mr. President, this week Fannie Mae's regulator reported that the company's quarterly reports of profit growth over the past few years were "illusions deliberately and systematically created" by the company's senior management, which resulted in a $10.6 billion accounting scandal.
The Office of Federal Housing Enterprise Oversight sued the former executives in 2006, seeking to recoup more than $115 million of compensation the agency said they received while Fannie Mae's earnings were misstated, plus penalties that could have exceeded $100 million. [Franklin] Raines, former chief financial officer J. Timothy Howard and former controller Leanne G. Spencer were fighting the charges.
... OFHEO Director James B. Lockhart III said the former executives "improperly manipulated earnings to maximize their bonuses . . . misleading the regulator and the public."
Raines had agreed to forgo stock, cash and other benefits worth $24.7 million in exchange for dismissing the charges against him... Former chief financial officer J. Timothy Howard agreed to a settlement OFHEO valued at $6.4 million -- $5.2 million in stock options -- and former controller Leanne G. Spencer agreed to pay $275,000.
The only thing we have to defeat these socialist bastards is the truth. This article is right on the money, literally.
If people here recall the man at a McCain yesterday saying he is angry about socialism taking over our country.
Well today on Fox a woman from the McCain campaign when asked about this said that he is afar right wing republican or someting to that affect.
God save our republic.
Does he know who the Governor of Kansas is?
Liberal Social Engineering...
It’s for the children!!!!
The smile while standing next to one of satan’s own bloody murderers is revealing don’tchaknow. I wonder how many campaign dollars the child murderer has contributed to the Kansas governor? And Kansans elected ... as the democrats are fond of saying, ‘There’s enough guilt to go around.’
Thanks for the ping!
I’d say this one nailed it!
Liberal Social Engineering...
And it’s taught in every public school with your tax money!
Republicans are not conservative. They are at best the democrats of the 1970s.
Thought you might like a heads’ up on this. It really exposes the liberal lies repeated about conservatism.
How 2 win.
Indeed. Thanks for the heads up.
I know I liked it.
That man spoke for many, many people. He was right on the money.
Thanks for the ping. This is an article to print and keep!
Oh yes. God forbid we acknowledge that all that is happening in this country for at least 70 years now is increasing socialism and fascism.
ping for later
Thomas Frank is truly “stuck on stupid”. Yes, his articles appear in the WSJ — I’m sure he is one of the residuals from the Al Hunt faction and seeding that went on a decade or so ago. It’s amazing the WSJ has survived that infection.
Putting my first morning ping here because it’s such a great op-ed. I didn’t notice any shockers this morning. [Will dig a little deeper though.]
Here are some links [most I picked up during the day yesterday]:
Palin fights corruption: Corruption: Wooten - tip of the iceberg
A Cashill piece on Khalid al-Mansour [along with some info about Rezko]
Important key word, Odinga [the thug of Kenya who coordinates with Obama]
Important key word, almansour [al-Mansour, the ‘stealth’ jihadist who got Obama into Harvard]
DUmmies Panic over Tightening Race:
Mishap Puts ‘Osama’ on Ballot in One New York County
The most brilliant gaffe Ive ever read:
McCain, “My Fellow Prisoners!”
1 VOTER, 72 REGISTRATIONS-’ACORN PAID ME IN CASH & CIGS’
Sarah Palin: Barack Obama “Absolutely Atrocious” by Supporting Unlimited Abortion
[JUST IN] McCain / Palin statement (On Tasergate)
McCain introduces Obama crime [gun control] record as issue
Boehner: End Tax-Payer Funding of ACORN
Stealing Pennsylvania: Judge says “Massive Fraud” (ACORN at it again)
Fictitious Donors Found in Obama Finance Records
Moose Shooting Riles U.P. Town (Upper Peninsula, MI)
Friday’s last link ping [links to the other two]
looks like a good article. thanks for posting.
Unfortunately, it won’t be seen or articulated by anyone with a big megaphone.
I fear we’re in for at least four years of Hussein the Marxist sympathizer. I hope it ends after that...but right now it looks grim.
Wow! Bookmarked, thanks.