Economic Collapse Planned Or Coincidence?

I don’t want to be called a truther or a conspiracy nut, but I do find it strange that this whole economic collapse was predicted by McCain and the Republicans back as early as 2006 and the Democrats kept saying everything was ok, nothing is wrong, just keep walking.  Nothing to see here folks, show’s over!  

If it hadn’t been for this whole debacle with Fannie Mae & Freddie Mac, which I must add was enabled and nurtured by Barack Obama and Barney Frank, I believe that John McCain could have easily have won the election, but of course we all know how it all played out.

I have to say, it would not surprise me one bit that the Democrats planned this all along know full well that President Bush would be blamed and anyone associated with him and the Republican party would be held responsible and would have a snowballs chance in hell of getting elected.  The Democrats only hope was a failing economy to come along.  How could they have not known this was coming?  

For Democrats to have power, they require an electorate that will vote with their hand out.  They NEED voters to have a need to be rescued by a big government.  Remember Huricane Katrina and the idiots that waited and waited for the Gubmit to come rescue them rather then packing up and getting the hell out of dodge?  That is the welfare mentallity created by a welfare state governed by Democrats.

I would like to think that my own government would not stoop to such a low level of depravity in the name of Power, but after watching the Democrats over the last 8 yrs in their deranged state of mind, I have to admit that it would not surprise me at all.

That’s just my opinion, I could be wrong…..but I doubt it!

We Are So F’n Screwed!

This is the “Change” you voted for America!  You better hang on to whatever “Change” you have left in your pocket. 

Dear Leader Elect Barack Hussein Obama is already showing how incompetent he is where the economy is concerned by two of the selections he’s made this far.  I can only imagine in my worst nightmares where all of this is going to lead us. 

First off, he has selected Michigan Governor Jennifer Granholm as one of his economic advisors during the transition period.  Who the f*ck helped him make this decision and were they smoking crack when they decided this?!?

For 7 yrs, while the rest of the nation enjoyed a growing economy, Granholm saw fit to see that Michigan would not thrive during the boom.  Tax increases, increased government spending, and a tax and regulatory system that has sent business scurrying for the border.  While Granholm has had her head stuck up her ass, Michigan was on the outside looking in and wondering what we did to deserve this.

And despite her incompetence and inept business sense, the great welfare land of  Detroit, Michigan, home to the most Corrupt local government since Coleman Young, decided for the rest of the state that we should keep Granholm. 

Does Obama think that all of a sudden Jennifer Granholm is going to become some sort of economic genius after all this time of showing the great people of Michigan what a financial boob she is?  Granholm has already Bankrupted Michigan, now she wants to take her dog and pony show on the road and Bankrupt the rest of the country! 

As if economic dunce Jennifer Granholm is not enough, the Obamessiah selects Rahm Emanuel as his Chief Thief of Staff, who served on the board of directors of the federal mortgage firm Freddie Mac at a time when scandal was brewing at the troubled agency that eventually led to the Phist Phucking of the tax payers to the tune of $700 Billion.

Emanuel was named to the Freddie Mac board by President Bill Clinton in 2000 and resigned his position when he ran for Congress in May, 2001.

So there you have it folks!  An incompetent boob of a governor and a crook leading the charge for the Obama transition into power.  Be careful what you wish for America.  You’re about to get screwed without so much as the benefit of a courtesy reach around!

McCain Finally Puts His Boot Up Obama’s Fannie

After hemming and hawing over it, John McCain finally found his testicles and decided to join his running mate, Gov. Sarah Palin in attacking Obama on his involvement with the Fannie Mae/Freddie Mac debacle that tax payers are now having a gun held to our heads by the Democrats to pay for their stupidity.

From Michelle Malkin:

Our current economic crisis is a good case in point. What was his actual record in the years before the great economic crisis of our lifetimes?

This crisis started in our housing market in the form of subprime loans that were pushed on people who could not afford them. Bad mortgages were being backed by Fannie Mae and Freddie Mac, and it was only a matter of time before a contagion of unsustainable debt began to spread. This corruption was encouraged by Democrats in Congress, and abetted by Senator Obama.

Senator Obama has accused me of opposing regulation to avert this crisis. I guess he believes if a lie is big enough and repeated often enough it will be believed. But the truth is I was the one who called at the time for tighter restrictions on Fannie Mae and Freddie Mac that could have helped prevent this crisis from happening in the first place.

Senator Obama was silent on the regulation of Fannie Mae and Freddie Mac, and his Democratic allies in Congress opposed every effort to rein them in. As recently as September of last year he said that subprime loans had been, quote, “a good idea.” Well, Senator Obama, that “good idea” has now plunged this country into the worst financial crisis since the Great Depression.

To hear him talk now, you’d think he’d always opposed the dangerous practices at these institutions. But there is absolutely nothing in his record to suggest he did. He was surely familiar with the people who were creating this problem. The executives of Fannie Mae and Freddie Mac have advised him, and he has taken their money for his campaign. He has received more money from Fannie Mae and Freddie Mac than any other senator in history, with the exception of the chairman of the committee overseeing them.

Did he ever talk to the executives at Fannie and Freddie about these reckless loans? Did he ever discuss with them the stronger oversight I proposed? If Senator Obama is such a champion of financial regulation, why didn’t he support these regulations that could have prevented this crisis in the first place? He won’t tell you, but you deserve an answer.

I have to wonder just how badly does McCain want to win this?  I’ve heard rumors that he refuses to make the Obama’s pastor Jeremiah Wright an issue out of fear of being called a racist.  He needs to realize that no matter what he says and does, that is all the Obama campaign has to fall back on is his race.  They cannot fight the fact that Obama was associated with Terrorists who bombed the Pentagon, his obvious racist views of America as depicted to him for over 20 years as a member of a congregation that Preached racial hatred, or simply the fact that Obama has no record to run on, no leadership background in government.  The thinnest presidential resume in history!

My mother use to have a saying when I was young….”Behind every good man stands a good woman, telling him what to do”  I have a feeling that good woman is Sarah Palin.

Democrats Duck Responsibility Thanks To MSM

The Democrats dominant role in this whole financial boondoggle is being covered up by none other then the Mainstream Media now known as “The Obamedia” for their obvious bias and dedication to their Lord & Savior Barack Obama.

From Michelle Malkin:

On Sunday, October 5th, the St. Louis Post-Dispatch ran a front page article attacking Missouir’s senior Republican senator, titled “Bond’s tough talk on Fannie, Freddie rings hollow to some.” The article was authored by Deirdre Shesgreen, of the Post-Dispatch’s Washington Bureau. (Title’s been changed. Article is here.) The article takes Missouri Republican Senator Christopher “Kit” Bond to task for having a cozy relationship with Fannie Mae and Freddie Mac.

In a hit piece that should not come as much of a surprise to anyone who reads the St. Louis newspaper, the article does allude to possible wrong doing of one Democrat, but focuses their ire on Bond, by stating;

“Sen. Christopher Dodd, D-Conn., chairman of the Senate Banking Committee, which oversees the two firms, ranks No. 1, collecting more than $165,000.Bond is No. 8; his campaign committee has taken in more than $95,000 since 1989, the center’s tally shows. Bond said the donations never influenced his decisions.”

The Post-Dispatch didn’t feel it was necessary for its readers to know that the No. 2 recipient of donations was one Senator Barack Obama, who brought in $126,349, or that John Kerry was No. 3, bringing in a total of $111,000.

The weekend Post also carried a Business section column by David Nicklause, on “Economy drowns in seas of excess liquidity and cronyism,” stating that “Republicans, meanwhile, have favorite myths of their own. One is to blame the subprime mortgage crisis on speculators, those greedy folks who flipped Florida condos for profit or took out “liar loans” on houses they knew they couldn’t afford.”

The column continues on a back page, under the heading; “Don’t forget that capitalism is based on greed.”

It would have been nice if they had told us what socialism was based on, as well.

Barack Obama, Barney Frank and their Liberal Friends in Congress have benefited greatly from this whole mess.  Not only have Fannie Mae and Freddie Mac executives lined their pockets with generous amounts of cash, and this whole fiasco is something Obama and his campaign have been praying for.  They are hoping that this crisis will payoff for them politically.  This bailout is a Socialists dream come true and a tanking economy not only gives the image of defeat to our enemies but give hope to them that Obama will win in November.  Execs from these failed companies are advising Obama on his campaign. 

A Democrat accept responsibility for wrong doing?  We’re still waiting for Ted Kennedy to come clean on his vehicular manslaughter of a innocent woman one drunken evening, so I don’t suspect it will happen soon.

 

 

The Democrats Form Their Own Nigerian Scam

The loons call it a bailout, I call it a scam, similar to the Nigerian 411 scam that everyone with an email address has received one of the letters at one time or another.  Out of greed or stupidity, some people have actually responded to these letters and lost their personal fortunes.  The most un-ethical congress is now scamming the American people and out of greed our stupidity, we fell for it!

From Doug Ross:

SUBJECT: REQUEST FOR URGENT BUSINESS RELATIONSHIP

DEAR AMERICAN:

I NEED TO ASK YOU TO SUPPORT AN URGENT SECRET BUSINESS RELATIONSHIP WITH A TRANSFER OF FUNDS OF GREAT MAGNITUDE.

I AM MINISTRY OF THE TREASURY OF THE REPUBLIC OF AMERICA. MY COUNTRY HAS HAD CRISIS THAT HAS CAUSED THE NEED FOR LARGE TRANSFER OF FUNDS OF 800 BILLION DOLLARS US. IF YOU WOULD ASSIST ME IN THIS TRANSFER, IT WOULD BE MOST PROFITABLE TO YOU.

I AM WORKING WITH MR. CHRISTOPHER DODD, MILLIONAIRE SENATOR, WHO WILL BE MY REPLACEMENT AS MINISTRY OF THE TREASURY IN JANUARY. AS A SENATOR, YOU MAY KNOW HIM AS LEADER OF THE AMERICAN BANKING DEREGULATION MOVEMENT IN THE NINETIES. THIS TRANSACTION IS 100% SAFE.

THIS IS A MATTER OF GREAT URGENCY. WE NEED A BLANK CHECK. WE NEED THE FUNDS AS QUICKLY AS POSSIBLE. WE CANNOT DIRECTLY TRANSFER THESE FUNDS IN THE NAMES OF OUR CLOSE FRIENDS BECAUSE WE ARE CONSTANTLY UNDER SURVEILLANCE. MY FAMILY LAWYER ADVISED ME THAT I SHOULD LOOK FOR A RELIABLE AND TRUSTWORTHY PERSON WHO WILL ACT AS A NEXT OF KIN SO THE FUNDS CAN BE TRANSFERRED.

PLEASE REPLY WITH ALL OF YOUR BANK ACCOUNT, IRA AND COLLEGE FUND ACCOUNT NUMBERS AND THOSE OF YOUR CHILDREN AND GRANDCHILDREN TO WALLSTREETBAILOUT@TREASURY.GOV SO THAT WE MAY TRANSFER YOUR COMMISSION FOR THIS TRANSACTION. AFTER I RECEIVE THAT INFORMATION, I WILL RESPOND WITH DETAILED INFORMATION ABOUT SAFEGUARDS THAT WILL BE USED TO PROTECT THE FUNDS.

YOURS FAITHFULLY MINISTER OF TREASURY PAULSON

I really don’t know whether to laugh or cry about this…

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.