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.