Bailout Or VoteOut

Small change, give ‘em another $700 BILLION. But not of our money. This crisis of bad ethics is not due to failing financial institutions as result of mortgage loans.

Obama likes to say, “The current administration has been asleep at the wheel and allowed this to occur.”

If he doesn’t know better Google can wise him up, quickly. As can Mac Ranger whose blog relates that it is Congressional Democrats who allowed the current meltdown.

Mac does impeccable research, and he dug up a 2003 article from the NY Times about a proposal by President Bush to create an oversight agency for Freddie Mac and Fannie Mae.

In the name-names department the top is criminal “Barney Frank”. Massachusetts Congressional Democrat Barney Frank, loving the “Barney Frank Bailout” swore Fannie and Freddie are no problem, that was back in 2003. Every bit as untrue then as 2008.

”These two entities — Fannie Mae and Freddie Mac — are not facing any kind of financial crisis,” stated Representative Barney, ranking Financial Services Committee Democrat. Frank claimed, ”The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing.”

Fast-forward to March ‘08, Rep. Frank came up with his own mortgage bailout plan, helping people affected by the non-Fannie and Freddie non-problems brought on by non-lack of mortgage industry oversight.

Sure Frank is the worst. Republicans claim this mess isn’t on them. Sure it is. Who else has been running both branches of government for 6 years before this current pack of Democratic losers managed to get themselves elected?

And there’s still no reform party in sight, just the samo, samo, liars asking to be elected.

Each ejected, voted out party always claims to do better if given a chance and they are, and they don’t. 2005 brought Chuck Hagel up to bat who introduced S.190, “Federal Housing Enterprise Regulatory Reform Act of 2005″. This could also have established Fannie and Freddie over sight, set capital reserve levels for them to maintain. It could have prevented a large part of the current disaster. Hagel’s offering didn’t make it out of committee.

If it had? Senate Democrats would have quickly put it to death right there in front of gawd and everybody on the Senate floor.

So why were Democrats dead-set against reform? Even tho it has obviously been needed for more then 6 years? Here’s the punch line, kiddies, “Fixing the mortgage process would have made it justifiably more difficult for the NINJA crowd, unresponsible liars to make loans and those folk dear reader, are key constituencies. Those low-income voters were needed to game the system, “Everybody deserves to own a home,” said Frank.

Much as we, I being one of we, want to lay this mess at the feet of liberals, there’s more blame. It goes all the way back to Bill Clinton rolling over for NAFTA.

Why would that be? Simply put if people have jobs they can make their house payments.

Foreign government lobbyist have bribed the criminals we voted to into turning away form American’s best interests. The Washington D.C. gang should be put on trail for Treason and executed like every other traitor to our country whose crimes take such a gigantic toll our lives of U.S. Citizens.

That, dear reader, is the sum and substance of this mess. The rest if just chatter.

Washington lobbyist, hired by big business here and foreign governments abroad paid the very people we trusted to do our business, to sell you out.

We’re even bigger fools if we allow this system to buy more bad ARM’s and balloon loans with our hard earned dollars.

Today, we have two more running for head of this country, the same two parties.

The only question left is, “What does it take for you to vote both criminal laden parties out, sweep our house and start again?

We can do it.

To avoid that each will tell you these awful times are the faults of others.

No. They are not. Your criminals are right there before you, in public view, every day.

Vote for people who have not already betrayed you, stolen your money, stolen your dreams, stolen the future of our young.

2008 Strasbaugh http://www.writersetcblog.com