Who caused this financial mess? Democrats. Who is being blamed? Republicans. Amazing!
Note: The Democratic ban on off shore drilling has expired. If you re-elect them, they will reintroduce it. And America will suffer. Vote smart. Vote against the people who caused this world-wide disaster. The Democratic Party.
How did the Democrats cause this? Bill Clinton’s relaxation of CRA guidelines for minority loans, Fannie May and Jim Johnson (D-26 million) and Franklin Raines (D-96 million), Rep. Barney Frank (D), Sen. Chris Dodd (D) and ACORN. That the who. Here the how.
This all started in 1995 when the Clinton Administration relaxed the rules for minorities to buy homes. Clinton wanted to make it easier for them. The problem was, the Democrats made it too easy. No down payment, no credit checks, and no income verification – a sure fire receipt for international disaster. Trillions of dollars in mortgages were loaned out to people that had no chance to ever repay them.
The legislation was called the CRA (Community Reassessment Act). Following that, Fannie Mae relaxed its criteria for buying these mortgages from banks.The people involved with all of this were all Democrats: Rep. Barney Frank (D), Sen. Christopher Dodd (D), Jim Johnson CEO of Fannie Mae who left with a 26 million dollar golden parachute in 1999 (D), and Franklin Raines, African American CEO of Fannie Mae from 2000-2004 who left with a 96 million dollar golden parachute. They are the principal culprits along with Dodd’s pet organization, the nationally discredited ACORN.That’ s who caused this mess, not Bush and not the Republicans. This was a fiasco engineered by the Democrats for minority homebuyers who couldn’t qualify under normal conditions. And I fear these included illegal immigrants. After that, everybody got into the act.
Such terrible lending practices brought about the entire collapse of all these companies. Trillions of dollars of bad loans engineered by politics rather than good finance. These people should all be investigated for fraud. Oh yes, here’s the killer: Fannie Mae gave one million dollars to Chris Dodd’s campaign and one million dollars to Barack Obama’s campaign.Need I say more?
This crisis had nothing to do with Bush or the lack of Republican concern for regulations. In fact, the only US Senator who stood up in 2004 and said we needed to control Fannie Mae and Freddie Mac before their house of cards collapses was – JOHN McCAIN!!!! And he was ridiculed by Democrats.
This is all true. When the Democrats say otherwise, they are lying through their teeth. Just go to the records and see for yourself. And watch the ACORN video because ACORN is right in the middle of this whole smelly mess -
ACORN: .
http://www.youtube.com/watch?v=JyYciV4Ccs8
Barack Obama worked as a “community organizer” for ACORN.
So what is “ACORN”.
ACORN is a black national inner city pressure group that almost destroyed America. They are the national democrat-sponsored group that routinely tries to register DEAD PEOPLE to vote and have been caught in a number of states. THIS is Barack Obama’s “ACORN”. Watch it and weep for America.
This is a live tape. The black woman screaming for a NEW AMERICA is Congreswoman Maxine Waters of Watts.
http://www.youtube.com/watch?v=JyYciV4Ccs8
And here’s something you don’t know about the bailout vote that failed a few days ago before it was passed last night by the Senate. Ninety-five Democrats voted AGAINST that bill. Many were close friends of Nancy Pelosi. Now follow this folks to see how phony these people are. The people at home were overwhelmingly against this original bill, SO Nancy Pelosi let her friends vote AGAINST THE BILL so they wouldn’t take the heat back home but then expected Republicans to vote FOR the bill. See, it’s all about politics with Speaker Pelosi.
Want to know how America is going to fall? Here’s a lecture from 18th Century Scottish historian Alexander Tytler (1714-1778) entitled:
“Why Democracies Fail.”
A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves largesse from the public treasury. From that moment on, the majority always votes for the candidates promising the most benefits from the public treasury with the result that a democracy always collapses over loose fiscal policy, always followed by a dictatorship. The average age of the world’s greatest civilizations has been 200 years.
(And how old is America?)
– Attributed to 18th Century Scottish historian Alexander Tytler (1714-1778)
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BARCK OBAMA – SANTA CLAUS IS COMING TO TOWN.
Lets begin with a look at Obams vision of Health Care.
Senator Obama says.
(1) all “Americans” will be covered by health care. Well, he also says he intends to offer amnesty to 14-16 million illegal immigrants so I assume they will also be “Americans” so will they be included in our new health care plan. That would explain today’s statement that 45 MILLION Americans have no health insurance. Up from 20 Million two months ago. Want to bet who’s he’s including? Wait until you hear his plan to send money to Africa – yep, your tax money into the poorest continent in the world. If that doesn’t break us, nothing will.
Okay, and does anyone doubt that will add a trillion dollars to our health care plan? And where will that money come from when we are damn near broke.
(2) Obama also says “small businesses (of which they are very many) will also get a tax credit to help them pay their health care costs. Okay, and that’s more billions if not trillions so where will that money come from? Maybe he plans to hit a lotto.
(3) Finally, Senator Obama – the something for everyone man – promises that ‘pre-existing conditions’ will be ‘covered’. I need to have that one explained to me. I walk into a health care provider’s office and say, “I want health insurance”. They say, “okay, do you have any health problems?” I say, “yes I have cancer”. And they say “oh, no problem. Sure that’s going to cost us a million dollars or so, but that’s fine. Your premium will be $500.00 a month.” Yea, right.
Folks, use your head. No one is going to do that. Pre-existing conditions are covered now but you have to buy the insurance and usually wait a year before you’re covered. That’s not going to change. No company can stay in business using any other approach. I am amazed at how gullible Americans are. This guy promises something for everyone. Ifhe did half of what he says he’s going to do, we’d be in the poorhouse.
The man just says what you want to hear.
The Senator from Ohio told steelworkers (naturally, since it was Ohio) that he is going to get their jobs back. HOW? He doesn’t say. The problem is the cost of labor. American labor earns more than foreign labor so if a company uses American labor, it can’t compete on the world market. So how do we change that dynamic? He has no idea. He just promises and promises everything to everyone in order to get your vote hoping the people are dumb enough to suck it in withoutasking questions.
If he wants to do that, there is one chance and only once chance and his campaign promises would defeat that chance. You see, Obama preaches class hatred – hatred of the working class against their employers. He talks incessantly about Bush tax breaks for rich corporations. He talks about corporations ‘outsourcing’ their jobs. He talks about stopping tax breaks for company that ship their jobs overseas.
It’s all bull. For one thing, all this outsourcing is the result of the global economy that began when Bill Clinton and the Democratic Party passed NAFTA back in the mid-nineties. So when that happened, companies found they could hire foreign labor much more cheaply than American labor and so they did. This meant if you had a company and didn’t use cheaper labor, you were undercut on prices and you lost sales. Therefore, if you wanted to stay in business and compete, you needed to use that cheap labor too.
So how will Obama reverse that labor discrepancy? He doesn’t say? Then how can be bring back those jobs? He doesn’t say. What he does say is that corporations get these big tax breaks from Bush. What he does say is we have to force them not to outsource jobs by cutting off the tax breaks they now get for outsourcing jobs. The man is a flat out idiot.
The imbalance in the cost of labor is the problem. Americans need more money from their jobs in order to live in America. It’s that simple. But there won’t be any jobs if the companies or the corporations aren’t able to make money. This is really rather simple. Workers and companies go hand in hand together. Workers do not create jobs they take jobs. The people who create the companies are the people that create jobs.
For every 100 people who risk everything they have to start a small business, over 90% go broke and lose everything. No worker is asked to give them money if they fail. If they fail, they fail.
Therefore, for those 10% who actually do succeed and do make money – or even become rich – Obama wants to punish them. So tell me, if you are going to take that big a risk only to find out if you are lucky enough to be one of the 10 out of 100 that succeed, why would you bother? And if you don’t bother, who will create the jobs we need to live?
You can see what a dope Barack Obama is. We do not want to punish the best among us or work hard, take chances, get an education in order to succeed. They are the people THAT CREATE JOBS FOR THE REST OF US. We don’t want to punish them, we want to reward them. This preaching of class warfare is third world stuff and Obama is a third world leader. He will destroy us if you let him.
If you want to keep jobs in America, you have to help American companies to hire American labor. Since American laboris more expensive than foreign labor, you have to do things to help mitigate the difference. No company can stay in business if they can’t compete. So if we want them to pay the higher cost of American labor, we have to help reduce costs elsewhere. It’s really just common sense. And since Obama doesn’t say this, I assume he has no common sense. He is all form and no substance.
America corporations are the 2nd highest taxed in the world. Considering that so many of our companies are in dire financial straits, the first thing we need to do is eliminate corporate taxes. Tax the individuals on income certainly, but eliminate other taxes including the capital gains taxes. Our goal is to help OUR companies make money so we can keep their jobs here in America.
Another possible cost reduction could come from health care. Truly, the business of a company has nothing to do with health care. Health care is the nation’s business. So remove the burden of contributory health care from companies altogether. Both these things would be tied to the employment of American workers here in America.
These two steps would lead to possibly returning jobs to America. Have you heard Obama mention either? No, you haven’t. That’s because he doesn’t know what he is doing.
Obama wants to punish the people who create jobs. He keeps saying he wants to spend this money and that money and pay for it by raising taxes on the rich. But here’s the rub. He’s rich. Most of the Senators are rich. Eight of the top richest Senators in the Senate are Democrats. Most of the Democrats in government are rich. Don’t you see. It’s all fluff. He’s putting you all on. He is a leftist radical socialist and has no more idea what he is talking about than the man in the moon. All you have to do is listen to himand think and it’s quickly obvious that he is either kidding himself or kidding you or maybe both. He intends to feed the minority off the hard work of the majority. Take from the producers and give to the non-producers. That’s the Obama plan. Right out of the nationalist socialist third world.
His funniest line is (after spending all these trillions) thatno one’s taxes are going to go up. No one who makes less than a quarter of a million dollars a year, will pay one penny more in taxes. Well, hold on Barack. You said the Bush tax cuts are going to be repealed. But not to worry because they ONLY benefited rich folks. Well no, that’s not true. I am aware of a number of families that earn around $60,000-$75,000 a year that saved thousands in taxes from the Bush cuts. If they are repealed, their taxes are going back up. As will the taxes of lots of ordinary folks. So if anyone thinks this country can spend trillions of dollars for Obama’s ‘programs’, after admitting it’s broke, and not get the money from working people, they are nuts.
“RICH PEOPLE” already pay 80% of all the taxes. Did you know that? And so he is going to tax them more? Don’t you believe it. Rich people have tax attorneys and tax accountants to see that doesn’t happen to them. Do you have a tax accountant? A tax attorney? No, then you will pay. Trust me on that.
Democrats have been doing that for decades – promise something for everyone just to get elected. And hoping the people continue to be suckers.
It would be far better if we spent some money on ACORN. Try to find out exactly how many fraudulent ‘voters’ have been registered to vote by the Democratic Party. This is voter fraud on an enormous scale.
ACORN is a filthy, dirty national black pressure group that was one of the forces that led to all these bad loans being handed out. Funded by the Democratic Party with taxpayer money, ACORN is out to destroy America. They hate us, they hate capitalism, and they think they are the downtrodden among us. They really do. They pressured changes in the CRA, Fannie Mae, and lending agencies across this country. They forced banks to make loans that were unsafe and then registered dead people as voters all over this country. They are anti-American, at least anti our America.
http://www.youtube.com/watch?v=JyYciV4Ccs8Obama has begun to show his true colors. Hetold his followers if they meet up with someone who doesn’t support them, “get in their face”. How’s that. ‘Get in their face”. That’s what Raila Odinga, Obama’s cousin in Kenya, Africa, did. When he lost his followed ‘got in the faces of the winners’. They started bloody riots.
Then last week in Missouri, Obama supporters announced they were going to start legal action against people who say things like, “Obama is a Muslim”. You say that – or other things about Obama – and you will find yourself hauled into jail. Now that’s what this guy said and that’s the end of free speech in this country. Fortunately, the Governor of Missouri came out immediately and said these Obama supporters were nuts but they did say it and they did mean it. They just couldn’t get away with it – now. But wait. If this klutz gets elected you will see more and more of this stuff. He just doesn’t think like an American.
I really like his provisions on Health care. With amnesty for ill-legal immigrants and open borders for new people to flow in, and America guaranteeing everyone that lives here equal health insurance, we will be bankrupt before you know it. There can be no other ending to this fantasy.
You remember California, don’t you? San Francisco welcomed ill-legal immigrants. They became a sanctuary city. Los Angeles is more Hispanic than American now. Counties in Southern California are loaded with ill-legal’s, many of whom got these mortgages for which they were unqualified and have since gone into foreclosure? All these bad things happened in California because the Governor wanted to greet these immigrants with a friendly hand. Well now California is broke and now wants to BORROW nine (9) BILLION dollars from the US government and the taxpayers. You know – the taxpayers that never did approve of what California was doing. We now are supposed to bail them out. Hell, Obama would do that in a heartbeat. He thinks everything California has done is just fine. That’s because he is a memory of a minority himself. And as such, he doesn’t think anything like the majority.
Are you getting the picture. This guy is offering all things to all peoplebecause promises don’t cost anything and they do get votes. It’s just that simple. Barack Obama may look fine and speak fine but he is not fine. He is as phony as a three-dollar bill. His friends tell you what they are and please notice, his friends haven’t been seen for a while. There’s a good reason for this: he is keeping them out of sight hoping you’ll forget about them until after the election.
Obama promises and promises jobs he can’t deliver and then wants to punish the people who create jobs. Does anyone know of any jobs created by poor people? Yet all he does is criticize rich people. But here’s the rub. He’s rich. Most of the Senate are rich folks. Eight of the top richest Senators in the Senate are Democrats. Don’t you see. It’s all fluff. He’s putting you all on. He is a leftist radical socialist and has no more idea what he is talking about than the man in the moon. All you have to do is listen to him and think and it’s quickly obvious that he is either kidding himself or kidding you or maybe both.
Democrats have been doing that for decades – promise something for everyone just to get elected. And hoping the people continue to be suckers. Better we spend some money to find out how many fraudulent ‘voters’ are being registered by the Democratic Party. This is voter fraud on an enormous scale. Is this important to you. Well it should be. What good are elections if hundreds of thousands of voters in your state are dead people whose ‘vote’ is cast the way this organization want’s them to be counted. What does that do to your vote and your party and your state? Oh its important alright and the Justice Department should be locking these people. But if you vote for Obama that will never happen because they are his friends. ACORN is a black activist organization that wields too much power in this country thanks to Obama and the Democratic Party.
Obama and the Democrats have been singing the same song for a year now. The problem with the economy is George Bush and the Republican Party. They favored de-regulation and that caused this whole problem.
Well no it didn’t and no one who knows anything about what happened, is buying that crap But the voters do because they don’t know any better. They are drinking the Kool-Aid in big gulps. Better watch it boys and girls – remember Jim Jones.
Look folks, if you arewilling to be sold a bill of goods, you will be. Barack Obama has spent his adult career with radicals and people who are Anti-American.
He doesn’t like this country, its National Anthem or its Flag. He doesn’t like us. He wants a brand new one-world America, a socialist America. When he is done with us, we will be a third world nation just like Cuba and Venezuela and many failing countries of Western Europe. If you let him steal our country away from us with his lies and his deception, than your kids and grandkids will pay for what you have done. The least you can do is open your eyes and try to get to the truth.
That’s is NOT asking too much of you. America rests on the balance.
JOEY