D'Oh! Obama's Democrats Said There Was No Issue With Fannie Mae But McCain Wanted To Regulate Them. In 2006
New video unearthed today from 2004 showing that Congressional Democrats made the claim that there was nothing to worry about at Fannie Mae, and in fact even went as far to inject the race card because then Fannie Mae CEO Franklin Raines - a former Clinton Administration official - happened to be African American.
Amazingly, yet another video shows Obama at an event in 2005 celebrating Fannie Mae, from which he was the second highest recipient of campaign contributions in the US Senate though Obama has been in the Senate less than four years.
Thank God for YouTube because we have video showing that McCain supported regulation of Fannie and Freddie, and along with many others including then Fed Chairman Alan Greenspan, express serious concern over what was to come.
Oh and where was Barack Obama on this? Apparently he voted present.
What's the new term these days? Epic Fail? Yea, Senator Obama, you and your Democrats did. What's more, you got PAID to do it.
"Mr. Chairman, we do not have a crisis at Freddie Mac, and in particular at Fannie Mae, under the outstanding leadership of Mr. Frank Raines. Everything in the 1992 act has worked just fine."At the same time Republicans including John McCain called for more regulations and more control on Fannie Mae while usual suspect Democrats Maxine Waters (please, please Ted Hayes win and send Maxine packing) and Barney Frank saying this was not necessary.
-Representative Maxine Waters in 2005
"The responsibility that the Democrats have may rest more with resisting any efforts by Republicans in the Congress or by me when I was president to put some standards and tighten up a little on Fannie Mae and Freddie Mac."
-President Bill Clinton, this week
"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."
-John McCain in 2006
Amazingly, yet another video shows Obama at an event in 2005 celebrating Fannie Mae, from which he was the second highest recipient of campaign contributions in the US Senate though Obama has been in the Senate less than four years.
Thank God for YouTube because we have video showing that McCain supported regulation of Fannie and Freddie, and along with many others including then Fed Chairman Alan Greenspan, express serious concern over what was to come.
Oh and where was Barack Obama on this? Apparently he voted present.
What's the new term these days? Epic Fail? Yea, Senator Obama, you and your Democrats did. What's more, you got PAID to do it.
Labels: Barack Obama, barney frank, bill clinton, fannie mae, freddie mac, john mccain, maxine waters
Posted by Michael Higby @ 10/01/2008 04:00:00 AM
8 Comments:
D'Oh! John McCain NAILS IT !! The Fundamentals of Economy are STRONG !! lol
http://www.youtube.com/watch?v=8kqbnEx5SDw
Let's see McCain has Rick Davis a former Fannie Fae lobbyist as his campaign manager. In fact Rick was getting paid up until last month. McCain has at least 10 former Fannie Fae people now on his campaign. Can we say GUILT BY ASSOCIATION??
MCCAIN'S CAMPAIGN MANAGER RICK DAVIS PAID $1.8 MILLION BY FANNIE MAE AND FREDDIE MAC TO LOBBY MCCAIN !!!!!!!
AND JOHN McCAIN LIES ABOUT IT !!!!!
http://www.youtube.com/watch?v=4Xqw3eSZK0U
http://www.youtube.com/watch?v=Iok_9lJUX0M
http://www.youtube.com/watch?v=-OYab2xPm8A
Why doesn't the MSM tell you that Obama was a Lawyer for ACORN...the most corrupt, radical left wing criminal cartel on the planet. Voter fraud...and HUD, FANNIE and FREDDIE, and FHA loans to millions of minorities who NEVER qualified for a loan!!!!
In addition to their own Lobbyists, Franklin Ranes hired all the Lobbyists for the opposition...so that FANNIE MAE had NO opposition!!!
FANNIE, RANES, and OBAMA are all interconnected! RANES, OBAMA, DODD, FRANK, PELOSI, and REID should all be in prison!
There will be investigations and indictments! Wait and see!
OBAMA is a shyster crook!
The election should be cancelled...we have the two worst candidates on the planet...crooked and crookeder; dumb and dumber!
I refuse to vote for either one!
Uh Oh Biden caught lying AGAIN
When Hillary lied about getting shot at, Mr. Honest, Obama took her to task. Now that it's his senile grandpa VP Biden lying through his teeth, Obama has another standard.
Not the kind of person I want running this country,.
Can you say OCTOBER SURPRISE? Sorry Barack.
The media has already declared Biden the winner of tomorrow night's VP debate. IMHO, the media is as crazy as left-wing Hollywood, full of hate as the Huffington site, and would destroy America in order to save it! To hell with them all (including 7:10 a.m.)!
Michael Finnegan
CD-5
"Oh and where was Barack Obama on this? Apparently he voted present."
The legislation you refer to here is S190 which died in a committee of the Republican controlled 109th Congressional session. There never was a vote.
The worst type of lie is the one of omission.
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