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Tag: Fannie Mae

Supporting Obama / Voting for McCain

Posted by – 10/20/08

Here’s someone discussing the most salient issues, and has come to the logical conclusion that a McCain Administration would be better for America than an Obama Administration.

My favorite is his succinct version of their plans for a prosperous America. Obama’s includes a Robin Hood economic policy driven by emotional class warfare. McCain’s includes creating environment where we everyone can pursue happiness — you know, like those old guys talked about in the Declaration of Independence — but does not guarantee prosperity for anyone.

‘Course he’s probably just a racist shill of the Republican Party.

2006 Letter from McCain, other Republican Senators on Fannie/Freddie

Posted by – 10/11/08

My piece on the implosion and mismanagement of the McCain bid still forthcoming, I’d love to see my liberal friends spin this one. In addition to the Bush Administration’s 2003 calls for more oversight on Freddie and Fannie (more oversight, not less. again, not that evil deregulation we keep hearing about), McCain and 19 other senators, none Democrats, wrote and signed a letter demanding action in 2006 to prevent Freddie Mac and Fannie Mae’s fail. See the following:

So remember, in 2003 and 2004, the conservatives were being racist and hating low income people because they didn’t want the government handing out mortgages all willy nilly. In 2008, the conservatives are being racist and blaming low income people by laying the blame at the feet of Barney Frank and friends. Whatever it is, if it involves conservatives criticizing something, and there are in any way black people involved, it’s racism.

So, that's TWO now

Posted by – 9/19/08

For the record, there are now two major issues on which McCain is proven to have been right, while Obama was wrong. Or at best, “present.”

Number One, The Surge. At this point, I think we can all agree that McCain’s push for a troop surge in Iraq was the best idea at the time. The best admission of being on the wrong side of history we can get out of Obama was during O’Reilly’s interview:

“I think that the surge has succeeded in ways that nobody anticipated,” Obama said while refusing to retract his initial opposition to the surge. “I’ve already said it’s succeeded beyond our wildest dreams.”

It’s safe to say that Obama’s wildest dreams were that it would end poorly, increasing his chances at election. The Dems derided the surge then just like they’re cheerleading the economic instability right now. Lame.

Number Two, Fannie Mae and Freddie Mac. I’d say this WaPo editorial pretty much sums it up.

In 2006, he pushed for stronger regulation of Fannie Mae and Freddie Mac – while Mr. Obama was notably silent. “If Congress does not act, American taxpayers will continue to be exposed to the enormous risk that Fannie Mae and Freddie Mac pose to the housing market, the overall financial system, and the economy as a whole,” Mr. McCain warned at the time.

Obama certainly has shown a lack of judgement in choosing his advisors, especially if he’s going to play the “I’m not part of the Washington establishment” game.

Whoops. I’m really starting to wonder about the intelligence possessed by the Obama camp. Is Obama really so naive/shortsighted/mean-spirited? Or can so much of the campaign missteps be blamed on the unending string of staffers he inevitably throws under the bus? The latter, of course, would call into question Obama’s judgement regarding advisors and staffers with whom he surrounds himself. Either way, not looking good. And regardless, his dubious connections are merely tangential to the real problem with Obama: bad, small, ineffective ideas for the country. If you’re confused or disagree, go back to the top and start over.