Fannie Mae's CEO & Obama
Posted By: Shelley on 2008-09-23
In Reply to:
Fannie Mae's CEO (Daniel Mudd) calls Obama and the Democrats the "Family" and "Conscience" of Fannie Mae.
The recent bank failures were caused by the Housing Crisis, which was caused by Mortgage Lenders handing out BILLIONS of Dollars in bad loans and the biggest offenders: Fannie Mae and Freddie Mac.
The "Family" and "Conscience" of Fannie Mae and Congress, THE DEMOCRATS, failed miserably and now WE the Tax Payers are stuck paying for their screw-ups.
www.youtube.com/watch?v=usvG-s_Ssb0
Fannie Mae and Freddie Mac are semi-private lending institutions crated by the Clinton administration and the Congressional Democrats, designed to make mortgages available and more affordable to more people and to act as moderators for the mortgage industry. They DO NOT follow the same STRICT government regulations that other lenders must follow. They have huge MULTI-MILLION dollars budgets to lobby congress and to pay large political contributions to keep regulators off their backs.
The TOP THREE U.S. Senators getting BIG political contributions from Fannie Mae and Freddie Mac are DEMOCRATS and the #2 recipient was none other than BARACK OBAMA.
1. Sen. Christopher Dodd (D-CT).. $165,400 (Chairman of Senate Banking Committee)
2. Sen. Barack Obama (D-IL)....... $126,349 (Only 4 yrs in the Senate)
3. Sen. John Kerry (D-MA).......... $111,000 What is it about Barack Obama that makes him the #2 recipient of pay-offs even ahead of John Kerry and others, even though he is only a Freshman in the Senate?
Many Washington Democrats have gone to work at Fannie and Freddie after leaving Washington and have mad MILLIONS of Dollars in the process.
As early as 2005 the Congressional Black Caucus and Barack Obama KNEW that Fannie Mae was failing but "THE FAMILY" Democrats and OBAMA took payoffs to do NOTHING about it.
Obama was in the room during this speech. He heard about the problems that faced Fannie Mae and yet he did NOTHING about it.
During the THREE years following the day when he heard this speech about Fannie Mae's problems, Obama received $126,349 in payoffs from Fannie Mae to keep quiet and DO NOTHING about their disastrous lending practices. Now Obama blames John McCain for the Housing Crisis and the bank failu res and says that HE can fix it.
Fannie Mae and Freddie Mac got a Federal bailout when it became obvious that they were bankrupt. Yet the Federal Government allowed Lehman Brothers to collapse pushing our economy over the edge.
Obama has been attacking McCain and Republican policies for the current financial turmoil. However, "...Senator Obama was at the head of the line when the piggies lined up at the Fannie and Freddie trough for campaign bucks."
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Obama on Freddie and Fannie
http://my.barackobama.com/page/community/post/stateupdates/gG5WlF
More on Fannie Mae/Freddie Mac...
Freddie found itself in Justice Department crosshairs in 2003, after it finally admitted to years of accounting schemes to underreport its earnings...to the tune of $5 billion. Freddie paid a $125 million fine to federal regulators, more than $400 million in shareholder lawsuit settlements, and $3.8 million in civil fines to settle Federal Election Commission charges of improper political fundraising.
Freddie's creative accounting was nothing compared to Fannie's. As determined by two separate federal reports in 2004 and 2006, Fannie Mae out-and-out cooked the books so the bigwigs at the top could rake in millions in windfall profits. The Washington Post reports that Fannie misstated its earnings by about $10.6 billion from 1998 through 2004. all so fraudulent multimillion dollar bonuses could kick in for Fannhie's bigwigs.
Those Fannie Mae bigwigs who cashed in on the cooked books? Chairman Franklin Raines, Bill Clinton's OMB director...A whopping $52 million. Vice Chair Jamie Gorelick (remember her from the 9-11 Commission hearings), Clinton's deputy ATTORNEY GENERAL, $15 million. Chairman and Chief Executive James A. Johnson, liberal lobbyist (the one who was kicked off Obama's VP vetting committee...looks like they should have vetted their committee) due to his role in the Countrywide financial scandal...$1.9 million. Raines and the CFO of Fannie Mae were ousted.
Dems, loathe to clean up Fannie and Freddie houses even though Greenspan said preventitive action needed to be taken "sooner than later," came up with a "reform bill" in early 2005. The Department of Housing and Urban Development (HUD) mandated that Fannie and Freddie had to start handing out mortgages to "minority and moderate income buyers." Whether these new customers were creditworthywas of little concern; Congress had race and bean-counting to achieve. And now they basically owned half of the US housing market.
And now the American taxpayer is bailing out BOTH of these companies.
Is Fannie Mae/Freddie Mac the Democrat's Enron? Sure looks like it to me.
And incidentally, Franklin Raines has been advising the Obama campaign on the mortgage and housing issues....ahem.
We own AIG, Fannie and Freddie
Maybe the international community wants their money back now. Maybe that is why credit markets are frozen. Since AIG and Fannie and Freddie are backed by the full faith and credit of the United States, the world is lining up for their securitized mortgages to be repaid.
Maybe this bailout is not to buy up bad debt, but to pay off bad debt the government has already bought, insured, and now needs to ask us money for to pay. WE ARE BEING LIED TO AGAIN!
freddie and fannie
SHOT IN THE FANNIE MAE
The History of a Financial Disaster
1997
Fannie Mae is a GSE (Govt. Sponsored Entity) regulated by Congress.
Fannie Mae buys mortgages from other companies.
It is backed by the taxpayers for all losses, but keeps all profits.
President Clinton loosens Home Loan Requirements.
1998
Banks begin making thousands of bad loans,0 down, no documentation, for 120%! (1998 – 2008).
Executives at Fannie receive huge bonuses if loan targets are met.
Franklin Raines and Jamie Garelick from the Clinton Administration are appointed to run Fannie Mae.
2003
President Bush proposes a new oversight committee to clean up Fannie Mae, but Democrats derail the effort.
Rep. Melvyn Watt, (D-NC) Committee on Financial Institutions & Consumer Credit. stated, "I don’t see much other than weakening the bargaining power poorer families to get affordable housing."
1999 - 2004
Raines earns $100 million in bonuses.
Garelick earns $75 million in bonuses.
In 2004, Enron collapses, congress investigates, Executives Skilling & Lay go to jail, for fraudulent bookkeeping.
Congress responds with the Sorbanes-Oxley Act, more heavy regulation of corporations.
2004
An OMB investigation finds massive fraudulent bookkeeping at Fannie Mae.
False numbers triggered executive bonuses every year.
Congress holds no hearings, no one goes to jail, or is punished.
WHY NOT?
1999 -2005
Fannie Mae gives millions to Democratic causes, examples: Jesse Jackson & ACORN.
Fannie Mae pays millions to 354 congressmen and senators, from both parties.
Who got the most money?
Top 4 Recipients
Top 4 Recipients
2005
Franklin Raines & top execs are forced to resign from Fannie Mae.
They do not go to jail.
There is no media "perp. walk."
They keeps all of their bonuses
They finally pay $31.4 million in civil fines.
2005
The Federal Housing Enterprise Regulatory Reform Act is sponsored by:
2005
None of the top 4 recipients support the legislation.
The reform act is blocked by Democrats, never even making it out of committee.
None of the politicians return any of the money, tainted by fraud.
2008
Fannie Mae & Freddie Mac go bankrupt and the govt. takes them over completely.
Lehman Brothers, goes bankrupt from investing in bad mortgages.
AIG get $85 million in loan guarantees, after insuring bad loans & projects.
Taxpayers will ultimately pay BILLIONS.
2008
Franklin Raines is now an advisor to the Obama Campaign which wants the govt. to take over more of the economy.
Did government involvement in the mortgage market work out?
How will even MORE government involvement make it better? Do you want to be Sweden?
McCain favors revising regulations & loan standards, selling off Fannie & Freddie.
SOURCES
Congressional Record, 5/25/06
"Hannity & Colmes," Fox News, 9/16-9/17/08
Herald Tribune, 4/18/08
New York Times, 9/13/03
www. govtrack.com, 9/17/08
Fannie Mae/NY Times
Check out the date on this. Of course, this came as no surprise to me. It's surprising to ever find an objective article from the NY Times, but sometimes they surprise us.
Fannie Mae Eases Credit To Aid Mortgage Lending
By STEVEN A. HOLMES
Published: September 30, 1999
In a move that could help increase home ownership rates among minorities and low-income consumers, the Fannie Mae Corporation is easing the credit requirements on loans that it will purchase from banks and other lenders.
The action, which will begin as a pilot program involving 24 banks in 15 markets -- including the New York metropolitan region -- will encourage those banks to extend home mortgages to individuals whose credit is generally not good enough to qualify for conventional loans. Fannie Mae officials say they hope to make it a nationwide program by next spring.
Fannie Mae, the nation's biggest underwriter of home mortgages, has been under increasing pressure from the Clinton Administration to expand mortgage loans among low and moderate income people and felt pressure from stock holders to maintain its phenomenal growth in profits.
In addition, banks, thrift institutions and mortgage companies have been pressing Fannie Mae to help them make more loans to so-called subprime borrowers. These borrowers whose incomes, credit ratings and savings are not good enough to qualify for conventional loans, can only get loans from finance companies that charge much higher interest rates -- anywhere from three to four percentage points higher than conventional loans.
''Fannie Mae has expanded home ownership for millions of families in the 1990's by reducing down payment requirements,'' said Franklin D. Raines, Fannie Mae's chairman and chief executive officer. ''Yet there remain too many borrowers whose credit is below what our underwriting has required who have been relegated to paying significantly higher mortgage rates in the so-called subprime market.''
Demographic information on these borrowers is sketchy. But at least one study indicates that 18 percent of the loans in the subprime market went to black borrowers, compared to 5 per cent of loans in the conventional loan market.
In moving, even tentatively, into this new area of lending, Fannie Mae is taking on significantly more risk, which may not pose any difficulties during flush economic times. But the government-subsidized corporation may run into trouble in an economic downturn, prompting a government rescue similar to that of the savings and loan industry in the 1980's.
''From the perspective of many people, including me, this is another thrift industry growing up around us,'' said Peter Wallison a resident fellow at the American Enterprise Institute. ''If they fail, the government will have to step up and bail them out the way it stepped up and bailed out the thrift industry.''
Under Fannie Mae's pilot program, consumers who qualify can secure a mortgage with an interest rate one percentage point above that of a conventional, 30-year fixed rate mortgage of less than $240,000 -- a rate that currently averages about 7.76 per cent. If the borrower makes his or her monthly payments on time for two years, the one percentage point premium is dropped.
Fannie Mae, the nation's biggest underwriter of home mortgages, does not lend money directly to consumers. Instead, it purchases loans that banks make on what is called the secondary market. By expanding the type of loans that it will buy, Fannie Mae is hoping to spur banks to make more loans to people with less-than-stellar credit ratings.
Home ownership has, in fact, exploded among minorities during the economic boom of the 1990's. The number of mortgages extended to Hispanic applicants jumped by 87.2 per cent from 1993 to 1998, according to Harvard University's Joint Center for Housing Studies. During that same period the number of African Americans who got mortgages to buy a home increased by 71.9 per cent and the number of Asian Americans by 46.3 per cent.
Fannie CEO is Daniel Mudd
http://ap.google.com/article/ALeqM5gPfdSGL82ufTASVrfgCbKslcCYPgD92M2NI03
Bush orchestrated Fannie Mae F-up
The former chief executive officer of Fannie Mae says the Bush administration helped orchestrate an accounting scandal that cost him his job and that he wants to use White House documents to defend himself in a shareholder lawsuit.
Franklin Raines, who served as President Clinton's budget director, argues in court documents that the Bush administration felt the government-chartered agency wielded too much power in the mortgage industry. His attorneys say the White House pushed regulators to weaken Fannie Mae and triggered a $6 billion accounting scandal.
Raines subpoenaed the White House for documents in July. Justice Department lawyers will go before a federal judge Thursday to fight it.
Relying primarily on articles by financial journalists and the testimony of industry analysts, Raines describes in court documents an unofficial task force dubbed "Noriega" that was formed to weaken Fannie Mae and drive down its stock price.
Fannie Mae is the largest U.S. buyer and backer of home loans. It was created by Congress but is publicly traded. Raines says the Bush administration wanted to undermine confidence in the agency so it could push for tighter government controls.
McCain and Fannie and Freddie
Contributions from Fannie and Freddie's boards of directors and lobbyists, who are technically not employees. That analysis found Fannie and Freddie-related contributors gave $169,000 to John McCain and his related committees, compared with $16,000 to Obama and his related committees.
The other money Obama received was from employees and their families, not the corporation.
http://www.politifact.com/truth-o-meter/statements/727/
You think O is a good guy? He profited from Fannie
nm
Dems and the Fannie Mae/Freddie Mac fiasco...
Collapse or the Democrat Swindle of the U.S. Taxpayer
In 2006 an election year, the Democrats were still trying to lay the Enron scandal on Bush and the Republicans. With the help of the press a cover up of a larger financial scandal was taking place. A scandal that we are paying for today. In 2006 a 3 year investigation into fraud at Fannie Mae was concluded. It revealed a level of financial misconduct by Franklin Raines, Jamie Gorelick, and others that grossly overstated earnings by 10.6 Billion dollars. To gain bonuses.
For those who don't know both Raines and Gorelick were high ranking officials in the Clinton Administration.
http://www.opensecrets.org/news/2008/07/top-senate-recipients-of-fanni.html
http://eddriscoll.com/archives/013595.php
Hillary supporter's take on fannie/freddie....
I hope you haven’t just eaten, because what you are about to read will disturb you–and well it should. It’s proof that John McCain foresaw the Freddie Mac, Fannie Mae disaster in 2006– and tried against all Obama-Like minds to ward it off.
Below are John McCain’s remarks urging the passage of the Federal Housing Enterprise Regulatory Reform Act of 2005, which he co-sponsored and which was rendered “Dead” in Congress.
Guess who prevailed and didn’t take heed? Or more appropriately, guess who deliberately “looked the other way”?
This is all we need to know to understand exactly WHICH candidate in this election is willing to break some eggs when it comes to Fannie Mae and Freddie Mac–two organizations that, with the help of certain Democrats, deliberately redistributed wealth the easy way. Now we are all paying for it, as intended all along. Just as John McCain warned below.
As we view the carnage, this is all we need to know to understand exactly WHICH candidate foresaw this carnage we are witnessing, and which candidate worked to convince the other candidate to help avoid it. It is all we need to know to recognize exactly WHICH candidate had the right judgment and was looking out for the rest of us.
Joe Biden? It’s time for US to be Patriotic? No. It’s time for YOU to be patriotic. In fact, it’s too late. As for you saying, “It’s time to be part of the deal”. We want no part of this “deal”. And what a “deal” it was!
May 26, 2006
Mr. President, this week Fannie Mae’s regulator reported that the company’s quarterly reports of profit growth over the past few years were “illusions deliberately and systematically created” by the company’s senior management, which resulted in a $10.6 billion accounting scandal.
The Office of Federal Housing Enterprise Oversight’s report goes on to say that Fannie Mae employees deliberately and intentionally manipulated financial reports to hit earnings targets in order to trigger bonuses for senior executives. In the case of Franklin Raines, Fannie Mae’s former chief executive officer, OFHEO’s report shows that over half of Mr. Raines’ compensation for the 6 years through 2003 was directly tied to meeting earnings targets. The report of financial misconduct at Fannie Mae echoes the deeply troubling $5 billion profit restatement at Freddie Mac.
The OFHEO report also states that Fannie Mae used its political power to lobby Congress in an effort to interfere with the regulator’s examination of the company’s accounting problems. This report comes some weeks after Freddie Mac paid a record $3.8 million fine in a settlement with the Federal Election Commission and restated lobbying disclosure reports from 2004 to 2005. These are entities that have demonstrated over and over again that they are deeply in need of reform.
For years I have been concerned about the regulatory structure that governs Fannie Mae and Freddie Mac–known as Government-sponsored entities or GSEs–and the sheer magnitude of these companies and the role they play in the housing market. OFHEO’s report this week does nothing to ease these concerns. In fact, the report does quite the contrary. OFHEO’s report solidifies my view that the GSEs need to be reformed without delay.
Quick Info
S-90 Federal Housing Enterprise Regulatory Reform Act of 2005
Last Action: Committee on Banking, Housing, and Urban Affairs. Ordered to be reported with an amendment in the nature of a substitute favorably.
Status: Dead
I join as a cosponsor of the Federal Housing Enterprise Regulatory Reform Act of 2005, S. 190,to underscore my support for quick passage of GSE regulatory reform legislation. 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.
I urge my colleagues to support swift action on this GSE reform legislation.
Update: Well looky here. Here’s a glowing Wall Street piece on Obama, written in June 2008. You would think Mr. “Regulator” Obama really is Jesus looking out for us! But…..here’s the paragraph that hooked me–the paragraph that haunts today:
He characterized the senator as a quick study on financial services, citing his early support of efforts by Senate Banking Committee Chairman Chris Dodd and House Financial Services Committee Chairman Barney Frank to empower the Federal Housing Administration to help struggling homeowners.
Oh they “empowered” all right. The Democrats killed this bill while Dodd, Frank and Obama fiddled and helped Fannie and Freddie cook their books, continue to tank, all the while keeping the regulators out of their way. These are the guys who killed the bill that McCain fought for. The bill that would have avoided the financial disaster we witnessed during the past two weeks. In the meantime, take a look at which senators were feeding at the Fannie Mae/Freddie Mac trough. My party is not what it used to be. My party has not only let me down, but it has also screwed me and my country in the process.
Note: All of these facts can be independently confirmed if you are interested in the truth of this matter.
More on Barney Frank and fannie/freddie...
http://www.businessandmedia.org/printer/2008/20080924145932.aspx
you tube video on freddy and fannie
Fannie/Freddie going to cost 7 billion...
if we are lucky.
Thank the dems for defending Freddie, Fannie,etc.
nm
Freddie and Fannie were questioned years ago for
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Dems are the real cause of Fannie and Freddie
nm
That's because Fannie and Freddie are in his back pocket
He received a lot of money from both places. Would you go against them if you get large election donations and low housing costs with cheap mortages? I don't think so. That's why he has to go. He is just as corrupt as the others.
McCain saw Fannie/Freddie coming in 2005...
and sponsored legislation which the Democrats blocked.
John McCain did anticpate the problems with GSEs and see them as a systemic financial problem. He even sponsored legislation to deal with it, and this is what he said:
"I join as a cosponsor of the Federal Housing Enterprise Regulatory Reform Act of 2005, S. 190, to underscore my support for quick passage of GSE regulatory reform legislation. 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."
McCain deserves credit for being on the right side of this. Meanwhile, Obama in just four years in the Senate raked more contributions from Fannie and Freddie than any other Senator in the last 19 years — save Chris Dodd, who's pretty demonstrably in the pocket of Big Mortgage.
Fannie and Freddie....Barney Frank, Chris Dodd...
you left them off your list. The two MAJOR players. Who got the most donations from fannie/freddie? Barack Obama and Chris Dodd. Obama got more from them in his 3 years than other senators did in 20. You do the math and follow the money.
Foreign investors. China and Russia insisted on Fannie Mac bail out.
dd
This post really makes me WANT to vote for Obama. I am undecided, but this pushes me closer to Obama
...Thanks for the info!
Obama was cool, while grouchy man steamed. Obama!!!
I'm so happy. The dippy people on here who are haters and racists and mccain lovers must be so po'd today. HAHAHAHAHAHA
If Obama gets elected, then it was meant to be! Go, Obama!
nm
Go Obama/Biden! I don't like it and will VOTE OBAMA/BIDEN!
Obama has shown great judgment in the people who surround him. He picked a great VP choice, and his wife is impeccable as a helpmate and is a fantastic role model for the American children.
Obama
I believe Obama has an awesome political future. He sure is a bright light, and he would be someone I would seriously consider voting for.
Someone I like even better is Rep. Harold Ford from Tennessee. Every time I hear this man speak, I like him more and more and more.
I think there are lots of good candidates out there who don't fit the profiles you outlined, which I also believe to be true, and I think we're well overdue in considering those candidates because, in my opinion, what we've been offered in the last several elections -- on BOTH sides -- has been pretty pitiful. The "box" isn't working, and it's time to look outside of it.
Obama is the man!!!
I think he will make an excellent president some day. Maybe Hillary/Obama would be a good ticket choice.
obama
FYI - he never attended a midrasha. This was later corrected.
Obama 08...nm
Obama et. al.
If we get Obama or any of the other candidates we will get more of the same. War and taxes. Empire building. If you like that kind of stuff, vote for any of the candidates EXCEPT.......... RON PAUL. The only candidate for peace, limited government and minding our own business. 
Obama
As I posted on the other board, it is crazy that in one breath people are freaking out saying he is a Muslim, and in the next one, they are freaking out because of his stand on abortion. Being pro-choice really does not go with being a Muslim.
I like Obama, and I like his stance on choice. I really could care less if he is a Muslim. But, he belongs to a Christian church and has for over 20 years, before he had a political career.
People never cease to amaze me!
Obama
My husband just returned from Iraq, we support the war-- but if I had to vote democrat, definitely Obama, please!! But I vote republican, hee hee.
Go Obama!
What a great victory for Obama!
Did anyone see the Kennedy’s endorsement for Obama and his speech this morning? I have never been more excited and inspired in politics. In my life I’ve voted both sides (usually not voting for a candidate but rather voting for the other side as a vote against a candidate). I usually tune out in politics because of outright lies. Barack is the first candidate that I finally understand what he stands for, what his plans are, and he is someone who can connect with everyone in every walk of life. He is a trustworthy, inspiring, and humble person and his voting record and other aspects of his government life give me the confidence that he would be a great president. Listening to his speeches gives me hope for a better country/future for everyone.
I respect everyone’s choice for who they think would be a better president, but I’m sick to death of Clinton and what she stands for. All you have to do is read up on the history of her and what she did when she resided in Oakland California (who her mentors/ colleagues were and what her motives/plans are). She claims to have all this “experience” but doesn’t have it. She takes what her husband accomplished and if it was something good she claims credit to it and if it was bad she had nothing to do with it. Meanwhile her husband is so consumed/greedy (not sure which word best suits him – maybe consumed with greed) to get back into the white house that he is purposely destroying the opponents (even Ted Kennedy had to call and admonish him), but that is the Clinton legacy, destroying other people’s lives. Then when someone does call him on something he will point his finger at them in a threatening way and plays the victim role. It makes me ill just thinking of having someone as corrupt as both of them back in the white house.
If Bill was such a great president they should bring up all the great things that happened under his presidency, but we are not hearing any of it, why? Because there is none. In my opinion he was one of the worst presidents in history. Not one thing he did was for the good of the country. And if anyone believes that she was such a “good wife” while he was out messing around with other women think again. She had her mind set on being president a long time ago. She just uses him to get what she wants. Everything she does has always been calculated.
As for his presidency, I think people are forgetting….he lied under oath and he was impeached for it. Which brings me to another question…why does anyone believe anything he has to say now? Remember the phrase “that all depends on what the meaning of is, is”. Then there was Waco Texas – people were burned alive. But they called them members of a cult, so I guess that made it okay. Then let’s see…Somalia, Bosnia, Monica (and no it wasn’t just about having an affair with her or all the other women), receiving illegal contributions, Vince Foster, and the list goes on and on and on.
An article I just read said it better than I can….
“The problem for Hillary Clinton is that, as usual, she wants it both ways. She wants to be judged on her own merits and not be treated as Bill's Mini-Me. But she also wants to reap the benefits of Bill's popularity, and offers voters the reassuring suggestion that if there's a crisis while she's in the White House, there will be someone around who really does have executive branch experience - namely, Bill - to lend a hand. But the Clintons are playing a dangerous game. The more they remind us of what we liked about Act I of the Bill and Hillary Show, the more they also remind us of what we hated.
If you are interested in reading the whole article this is the link…
http://www.courant.com/news/opinion/op_ed/hc-brooks0128.artjan28,0,7018385.story
Obama
He would be better than the one that has been there for 8 years. No matter who is elected, it will take a long time to fix what Bush as screwed up!
<3 Obama too!!
:)
Obama
If she keeps lying from today until November she might actually catch up with Obama!
Go Obama
Haven't seen any posts here for awhile. Very excited about the outcome of tonight's election. I am so glad to see that people are not buying the "gimmicks" Hillary proposed. Gas tax holiday?...give me a break! Someone needed to ask her, "So what happens when the holiday is over", you charge back up the gas price!
The big joke is that Bill Clinton raised the gas tax in his first year in office. It was included in a package of tax increases that amounted to the biggest tax increase in history. It was raised by 4.3 cents. Not only did he raise the gas tax, but he wanted to raise it even higher.
So you should all get this straight...Hillary is "claiming" she would give drivers 3 whole months (wow - imagine that) 18 cent a gallon cut after her husband forced drivers to pay an extra 5 cents for 15 years.
Unfortunately there were some people who bought into her pandering (which by the way is another word for lying), but thank goodness enough people with an education and most important most of the with common sense could see right through her lies.
Way to go North Carolina - I'm so pleased. And Indiana too. It was a close race thank goodness.
Now she needs to step down. Why? Because its the right thing to do. Do the numbers. There is no way she can win and anyone who believes so needs to wake up. What we need is for her to support Barack Obama (that is if she's telling the truth about the most important thing is nominating a democrat for president). Somehow though I do not believe she has the best interest of the party or the american people in mind. Her goal is to serve herself. She needs to graciously bow out and put all her efforts into getting a democrat in the office.
P.S. - Note to the "ditto heads". Maybe we should rename Limbaugh followers "dumbo heads". Not only did your little plan fail Mr. Limbo, but it failed badly. In a poll taken (and yes I know polls can be misleading), but not only did the republicans change parties to vote for a democrat but the majority of them voted for Obama. Then on top of that over 75% of republicans that voted as democrats said that Obama could be McCain (or as I am hearing him being referred to as McBush), but only around 25% said they believed Hillary could win. So not only does Hillary need to do the math, so does Mr. Limbo.
Obama
Is Barack Hussein Obama the Antichrist?
http://www.liveleak.com/view?i=94d_1202965504
I am for Obama because...
My point in fact is agreeing with the republicans in that Obama does not have a lot of experience - I think not having a lot of experience is a good thing because it means he is not "hand-in-hand" with all the people that have been in charge for so long - he can form his own opinions, make his own decisions, and not go with somebody just because they did this or that for somebody or they contributed this or that to somebody...
No, Obama gets it better than many do
Check out this award-winning article written by Fareed Zakaria, a foreign policy expert, right after 9/11 called "Why They Hate Us" - http://www.fareedzakaria.com/ARTICLES/newsweek/101501_why.html
Most people at that time (myself included) said that question was irrelavant, but understanding why they some have those attitudes helps us understand better what the U.S. can do to help change it. The fringe extremists will never go away, but their support by the general Muslim community as a whole will diminish (and already is). Free markets and capitalism would go a long way toward this goal and I think Obama gets that.
obama wants to be GOD
He wants to change the structure of the U.S. and he wants to bargain with and change the structure of Europe.. He is a destroyer.
obama
Muslims are dedicated to destroying the US from within. Obama is Muslim.
Obama..........
I think the pictures speak for themselves....although there will be plenty of Obama lovers who will sing his praises and find excuse after excuse why the flat is no longer on the plane. He could have just as easily left the flag and put his little slogan on there with it, but chose to remove the flag altogether. Speaks volumes!!!!
Obama is Muslim, will always be Muslim, and it is very disturbing to me that anyone would want a Muslim president. No Muslims have ever spoken out about 9/11 which also speaks volumes!! He has learned his Muslim faith from a young child, and the little boys are taught to hate the US and anyone who isn't them...he is no different. There are too may who sing his praises but refuse to state the obvious. Just because they hate republicans sure doesn't mean you put the fox in charge of the hen house. At no time during his speeches have I ever heard him speak of his love for the United States. He just repeats over and over where he came from, who raised him, and what their faiths were, and folks better open their ears and listen up.
No candidate for President of this country would so boldy make a point of getting rid of the very thing that is such a strong symbol of this country. Try doing that in another country and you will be hauled off to jail....the end!!
And, I don't want to hear about this is a free country and he can do what he wants. The whole point of this "free" country is to support the US and our beliefs, not Muslim beliefs which are definitely that of hate. A lot of feathers will be ruffled with this comment, but I really don't care to sugar coat the facts just because some hate republicans or other parties to the point they will accept anything in the white house....a wolf in sheep's clothing, and there will be MANY because of their hatred for the other candidate, who will be sucked into his beliefs as well.
Obama
You know, there is not a nickel's worth of difference between any of them. They all have ghosts in their closets. They just hope we do not find out about them. Bush Sr. had a girlfriend while he was in service. Eisenhower did, LBJ was a womanizer. Jimmy Carter is a good human, still working for Habitat and the poor people. Bush Jr. used cocaine while he was at Camp David about 10 years or so ago. Not that long ago. Let's not forget John Edwards. Like I said there are no clean cut guys or ladies. We do not know that much about OBama yet. I have my doubts about him. He came out of nowhere, too strong and the younger population fell for whatever he has said.
EVERYTHING YOU SAY ABOUT HER CAN BE SAID ABOUT OBAMA!
I can see your problem with McCain but every bash you make about her is the same about Obama. No experience for either of them, at least she's got EXECUTIVE experience. Tell me, what kind of foreign policy knowledge does Obama have again? Oh wait, that's why he chose Biden as his running mate. No matter what you people say, I believe it was a good choice, because she represents something new and exciting, just like Obama himself!
Obama
It is interesting that she would use his whole name..kind of makes you wonder..I noticed that she does NOT use the whole names of the other candidates but several times I have seen postings on this board..so what if he has a middle name that is Arabic..
Obama
He's just a talking head, somebody's puppet, aint nothing without his teleprompter and written speeches...gimme a break!
Right, Obama has run nothing!
nm
And yet Obama wants to
help these people so they can continue to sit on their butts and do something while the rest of us bust our humps. No thank you!
Obama: It's about you, not me."
With RNC behind us now, dems are faced with the daunting challenge of making the 2008 election a referendum on issues, not a personality contest. Here are 2 links that got thrown under the bash bus.
http://www.alternet.org/election08/97198/top_ten_most_disturbing_facts_and_impressions_of_sarah_palin/
http://www.alternet.org/election08/97350/8_more_shocking_revelations_about_sarah_palin/?page=3
Though the title of these articles may lead one to conclude it is more about Palin bashing, there is a gold mine of pertinent information to be found there. Embedded within the articles are more links that are overwhelming on first inspection, but well worth the time it takes to review them. Laid out there between the lines is a structured blueprint for facing the upcoming 60 days with effective campaign strategy.
There is another post that also got buried in the mud which will be brought back up to the top momentarily on issues. If it get buries again, it will be brought back up to the top again. The bashes it may inspire will be ignored. The issues will continue to get the focus.
There is another battleground in this election aside from the issues push. It is the one fought on the field of values and vision; specifically, the Obama vision versus the McCain/Palin vision of what kind of America they/we see in our futures and what sort of change each candidate promises to deliver. The link below is an article that addresses this subject. It is a self-effacing piece I believe dems should take to heart when considering how to frame their upcoming campaign tactics. Here's that link.
http://www.alternet.org/election08/97193/the_palin_choice%3A_the_reality_of_voters%27_minds/
The introduction to this post expresses a basic premise from which I will be operating. I will not be diminishing the power of Obama's message by indulging in petty squabbles, dead-end distractions, one-upmanship and a race to get the last word. There is important work here, people, and we best rolls up our sleeves and get started.
Obama to appear on
Countdown Monday night. Can't wait.
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