McCain Gives Obama’s Fannie A Good Spanking

Obama has been out and about trying to re-write history yet again and trying to redirect anger toward Republicans for the current financial fiasco that was enabled by none other then Obama and Friends, but McCain is stepping up to the plate and pinning the tail of blame on the real donkey here.

From Michelle Malkin:

John McCain today in Cedar Rapids, IA, said Barack Obama has done nothing to help the nation avert fiscal crisis:

“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 Mae’s CEO who helped create this disaster in charge of finding his Vice President. Fannie’s 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 didn’t 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. That’s not change, that’s what’s broken in Washington.

Obama is busy passing gas about how Washington, particularly the Republicans failed Americans on housing/finance policy, and castigating McCain for adhering to “an economic philosophy that has completely failed,” but how seriously we can take The Chosen One on this issue when he’s taking advice from a man who is at the very heart of what went wrong at Fannie Mae?

BTW, Franklin Raines, who fled like a felon in the night from Fannie Mae in the shadow of a $6.3 billion accounting scandal, is now a housing policy adviser to Barack Obama.

Barack Obama has accepted more then $100,000 from Fannie Mae and Freddie Mac in less than 4 years.  He is the second highest recipient of funds from these two institutions.

My prediction is that Obama will throw Raines under the bus with everyone else who has become a political liability for the Messiah’s rise to power.

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