Lipstick On A Pig…Nevermind, It’s Just Barney Frank!

Well, they up and did it!  Congress passed a Pork Barrel Bail Out that rewards stupid people for making bad decisions, and we get to pay for it…All courtesy of Barack Obama, Barney Frank and the Dumbocratic Party.  Much like most of Barney Frank’s boyfriends, he screwed us without so much as a kiss.  (Thank G-d)

From Michelle Malkin:

They put a gun to our heads. They ate Crap Sandwich 2.0. Washington’s pork-stuffed panic mob forked over $700billion/$850billion/$1 trillion-plus of our money over to the Chicken Littles, who handed it over to Foxy Loxy at the Treasury Department.

Last night though, I was surprised to see Bill O’Reilly strap on his nuts and take Congressman Barney Frank (D) to task for his part in all this mess.  Granted it turned into quite a shouting match, I only wish O’Reilly had given Obama the same treatment when he interviewed him.

Here’s the video of the Fannie Whoopin O’Reilly gave Barney Frank….(Frank probably enjoyed it)

Obama Advisor Franklin Raines Throws Himself Under The Bus

Former Fannie Mae CEO and Financial advisor to Presidential wannabe Barack Obama has thrown himself under the bus, thus joining the ever growing number of people who have proven themselves to be political liabilities to Obama in his attempt to seize power.

From The Politico:

The campaign puts out a statement from former Fannie Mae chief Franklin Raines, disowning ties to Obama, after a McCain ad attacked him for the ties.

The Washington Post reported — with the kind of blind sourcing that suggests the source was Raines — that Raines had “taken calls from Barack Obama’s presidential campaign seeking his advice on mortgage and housing policy matters.”

Raines said in the statement through the campaign, “I am not an advisor to Barack Obama, nor have I provided his campaign with advice on housing or economic matters.”

From the Washington Post:

“In the four years since he stepped down as Fannie Mae’s chief executive under the shadow of a $6.3 billion accounting scandal, Franklin D. Raines has been quietly constructing a new life for himself. He has shaved eight points off his golf handicap, taken a corner office in Steve Case’s D.C. conglomeration of finance, entertainment and health-care companies and more recently, taken calls from Barack Obama’s presidential campaign seeking his advice on mortgage and housing policy matters.” Washinton Post, 16 July.

I’m sure it’s just a case of the Obama bumping into Raines at Trader Joe’s while picking up some arugula and spanish ham…….Yeah, right!

Sorry Comrade  Obama, but Raines was in fact on your list of economic advisors, and Freddie Mac did donate $165,000 to your campaign over the last four years.

Barack Obama Has His Fannie Handed To Him By McCain

Looks like Obama is having his “Fannie” handed to him by Team McCain.  

Here is a new ad by the McCain/Palin campaign that points out Obama’s connections to Fannie Mae CEO’s and his utter ignorance in Financial Policy.

Obama has no background in economics. Who advises him? The Post says it’s Franklin Raines, for “advice on mortgage and housing policy.”

Shocking.

Under Raines, Fannie Mae committed “extensive financial fraud.” Raines made millions. Fannie Mae collapsed.

Taxpayers? Stuck with the bill.

Barack Obama. Bad advice. Bad instincts. Not ready to lead.

From Hot Air:

Team McCain knows that this will be a big problem for voters looking for a change in Washington.  Raines, and Obama’s other Fannie Mae advisor Jim Johnson, are exactly the kind of CEOs and big shots that Obama usually demonizes on the campaign trail.  They took exorbitant salaries and ran Fannie into the ground.

Here are a few articles of interest about Raines from the Washington Post:

  • March 2005: Perverse executive pay forced Raines out of his job.
  • May 2006: Extensive fraud at Fannie Mae under Raines’ direction, generating over $50 million in bonuses for nonexistent growth.
  • April 2008: Raines gives up $24 million in future payouts to avoid criminal charges in Fannie Mae fraud, although most of that was in worthless options; he pays $2 million in cash.
  •  McCain/Palin needs to keep up the momentum on this issue and continue to hit Obama & the Democrats hard, fast & frequently on the collapse of Fannie & Freddie.