BARACK OBAMA AND JOE BIDEN: BOLD-FACED LIARS
Working hard to make the USA one enormous Fannie Mae
By Allan Erickson
Obama does not believe he is ready to be President.
In light of this: consider the following, please . . .
Sen. Joe Biden just told a crowd that Sen. McCain favors supporting a war in Iraq, indefinitely.
Just stop and think for a moment. Do you believe McCain favors unending war in Iraq, or anywhere else? Do you believe John McCain is the war monger Biden says he is?
McCain stood by our troops in time of war, supported our President, but also criticized him constructively leading to a miraculous turnaround in our fortunes in Iraq. What have Obama and Biden done (?): Whine, bitch, moan and complain, ignoring the truth, demoralizing our men and women in uniform, giving comfort to the enemy, and causing dissention at home. Lincoln would have them shot.
Joe Biden voted for the war in Oct. 2002. Now he runs around claiming McCain is wrong about everything? On Russert’s program in August 2002, Biden said: “I think Saddam either has to be separated from his weapons or taken out of power.”
Apparently Biden was right before he was wrong before he corrected himself to be right again, and then he voted against the surge, but now says it worked, but it was wrong, so now we are supposed to believe Biden is right and McCain is wrong. Biden takes flip flopping to a level even John Kerry cannot conceive.
Is anyone paying attention? Biden’s brain is like a hamster running the wire wheel: lots of energy expended, getting nowhere.
Sen. Biden, like his running mate, will say and do anything to get elected. They dropped all pretense of being honorable long ago. Voters should reject them on this basis alone.
The sum of Biden’s remarks today were to vilify McCain over and over with lies and half truths, periodically assuring us, he was “not making this up.”
Whenever a politician frequently reassures us he is not lying, it is more than likely he is indeed lying through his teeth. Such is the case with both Obama and Biden.
Biden asks McCain: “Where were you a year ago when Barack was talking about the sub-prime mortgage crisis?” Well Sen. Biden, 3.5 years ago McCain was fighting for reforms to prevent this crisis in housing and the financial markets, but the Democrats blocked reform.
And now you have the gall to blame McCain?! You are a filthy liar Sen. Biden, and so are you Sen. Obama.
McCain – Federal Housing Enterprise Regulatory Reform Act of 2005 (Democrats blocked reform)
1/26/2005 | Congressional Research Service
Posted: Tuesday, September 16, 2008
Federal Housing Enterprise Regulatory Reform Act of 2005
Introduced. Federal Housing Enterprise Regulatory Reform Act of 2005 – Amends the Federal Housing Enterprises Financial Safety and Soundness Act of 1992 to establish: (1) in lieu of the Office of Federal Housing Enterprise Oversight of the Department of Housing and Urban Development (HUD), an independent Federal Housing Enterprise Regulatory Agency which shall have authority over the Federal Home Loan Bank Finance Corporation, the Federal Home Loan Banks, the Federal National Mortgage Association (Fannie Mae), and the Federal Home Loan Mortgage Corporation (Freddie Mac); and (2) the Federal Housing Enterprise Board. Sets forth operating, administrative, and regulatory provisions of the Agency, including provisions respecting: (1) assessment authority; (2) authority to limit nonmission-related assets; (3) minimum and critical capital levels; (4) risk-based capital test; (5) capital classifications and undercapitalized enterprises; (6) enforcement actions and penalties; (7) golden parachutes; and (8) reporting. Amends the Federal Home Loan Bank Act to establish the Federal Home Loan Bank Finance Corporation. Transfers the functions of the Office of Finance of the Federal Home Loan Banks to such Corporation. Excludes the Federal Home Loan Banks from certain securities reporting requirements. Abolishes the Federal Housing Finance Board.
Obama and Biden try to blame Bush and McCain for our economic troubles. What a revelation to learn the Democrats are largely to blame. Bush and McCain tried numerous times to reform the system, but the Democrats prevented it! Why?
Because the Democrats were buying votes with sub-prime mortgages, they were lining their pockets and they were establishing national bases and centers of power: all on the backs of honest, hard-working Americans!
Anyone taking a look at the record will see clearly the Democrats foisted Fannie Mae and Freddie Mac on the country.
Anyone caring to read a few news stories will clearly understand this financial crisis was sparked by Freddie and Fannie and remains responsible for much of our economic trouble.
Anyone interested in the facts will understand the Democrats loosened the rules on those government-sponsored sub-prime lenders, and, the Democrats stood in the way of many attempts by Republicans during the past seven years to reform.
John McCain fought for reform of Freddie and Fannie. Obama was silent. Behind Obama’s silence he scooped up $126,000 in campaign contributions from Fannie and Freddie.
Read it for yourself, and then ask: Are these people—Obama and Biden—the very foxes you want back in the chicken coop?
‘Crony’ Capitalism Is Root Cause Of Fannie And Freddie Troubles
By TERRY JONES
INVESTOR’S BUSINESS DAILY | Posted Monday, September 22, 2008
“And that’s just what Fannie and Freddie were — fixed. They became a government-run, privately owned home finance monopoly. Fannie and Freddie became huge contributors to Congress, spending millions to influence votes. As we’ve noted here before, the bulk of the money went to Democrats. President Bush, reviled and criticized by Democrats, tried no fewer than 17 times, by White House count, to raise the issue of Fannie-Freddie reform. A bill cleared the Senate Banking panel in 2005, but stalled due to implacable opposition from Democrats and a critical core of GOP abettors. Rep. Barney Frank, who now runs the powerful House Financial Services Committee, helped spearhead that fight.”
Facts are inconvenient things Sen. Obama, Sen. Biden, especially when the people start to learn you have not only been lying to them, you’ve been picking their pockets all along and demonizing good people to provide cover. You are not only liars, you are thieves and scoundrels as well.
Joe Biden and Barack Obama are unfit for office, corrupt and disgraced.
Biden has done nothing other than feed at the public trough for 36 years.
His outrageous lies and horrendous misrepresentations should be confronted, but you’ll not see the massive media challenge their Leftist darling.
There’s simply too much at stake in the quest to destroy our republic, and replace it with a Euro-Socialist autocracy: Uncle Sam turned Aunt Fannie.
And Obama is the empty suit the radical Left manufactured—-their Manchurian candidate—poised now to make the entire country one enormous Fannie Mae.
Place the blame where it rightfully belongs: squarely on the shoulders of the Democrats and in particular on the shoulders of Obama, Biden, Reid, Pelosi, Frank, Dodd, Schumer and the rest.
In the meantime, God help us.
PS: Biden does not believe Obama is fit to be President. He said so. Here it is! Bill Clinton does not believe Obama is ready to be President. Hillary agrees.