Democrats in their own words Covering up the Fannie Mae, Freddie Mac Scam that caused our Economic Crisis.

At a 2004 hearing see Democrat after Democrat covering up and attacking the regulations to protect Fannie Mae and Freddie Mac (their Cash Cows) that are now destroying our economy because the Democrats let them cheat.



So the Democrats and Obama are lying about who really sat back and did nothing while the warning signs were clearly there now? What a shock.

This is an unambiguous TOTAL indictment of the Democratic Party. THEIR fingers are all over the historic financial mess we are currently in. Republicans tried again and again to tighten regulatory control over Fannie & Freddie and the Democrats said over & over "There is nothing wrong with Freddie & Fannie" and that Raines was doing a "great job" and that America had nothing to worry about, so we should just ignore the warnings of "those mean Republicans".

The Democrats are 100% responsible for this mess.

Then McSame and the GOP has nothing to worry about.

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"I think the deregulation was probably helpful to the growth of our economy."
-Sen. John McCain 09/22/2008

You are completely blind sided by the fact that no party can point fingers at the other party. Both in some way contributed to the current economic crisis that we are involved in. Whether the republicans attempted to intervene or was it the deregulation that was so heavily lobbied for? Neither party can step away without carrying their fair share of the blame.

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You're not to be so blind with patriotism that you can't face reality. Wrong is wrong, no matter who does it or says it.
-Malcolm X-

Change is in the results, not the people doing the work. A team of engineers can do brilliant things under the right leader, or crash and burn with code that won't even compile under the wrong leader.
-Unknown-

Question. Did you watch the video?

Yes. It's absolutely clear who is at fault for the mess that led to this bailout. And for the worst Speaker of the House in my lifetime---Ms. Nancy Pelosi---to have the audacity to stand up there and blame Republicans and the Bush administration for HER party's utter failure, is absolutely the lowest of the low! The Dems not only caused it---they are not willing to fix it.

This is THE WORST House Majority and Speaker of the House EVER!!!!

This is what the public needs to see and see it over and over and over again. We need to throw these bums out!! And Raines, Johnson, Gorelick and every other Democrat heading up these failures need to repay ALL that taxpayer money that they took from us in the form of bonuses and salaries.

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"What exactly is this foreign policy experience?" Obama said mockingly of the New York senator. "Was she negotiating treaties? Was she handling crises? The answer is no."

Typical GOPhers - blame Pelosi when their own lame duck president and lame duck party nominee can't get their GOPhers in line

__________________
"I think the deregulation was probably helpful to the growth of our economy."
-Sen. John McCain 09/22/2008

So these hearings were from 2004. In 2004 the Senate consisted of 51 R's and 48 D's with 1 I caucusing with the Democrats. The House had between 225 and 227 R's with between 206 and 207 D's. So my question is this, where were the Republicans with there majority to save us all ?? They had control of the Senate, House, and White House...yet nothing was done. The same holds true for the 2007-2008 Congress (minus the WH). The Democrats had control and yet did nothing. There is enough blame here to go around. For either side to not accept it simply justifies the approval rating Congress has held for the past 4 years. And speaks volumes to the point that people are too busy fixing the blame rather than fixing the problem. (Kudos to McCain for using my exact words earlier today.)

-traveler-

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"I have come here to chew bubblegum and kick ass... and I'm all out of bubblegum."

-Nada-

While you guys shoot blame back and forth across the bow...realize that the ship is going down. This "bailout" is only a distraction whether it passed or not...the system is rotten to the core, something both sides have been complicit in creating.

Forget recrimination...get you and your family's behinds into a life raft and start paddling.

Im paddling but the (*)(*)(*)(*) boat wont move fast enough...

__________________
You're not to be so blind with patriotism that you can't face reality. Wrong is wrong, no matter who does it or says it.
-Malcolm X-

Change is in the results, not the people doing the work. A team of engineers can do brilliant things under the right leader, or crash and burn with code that won't even compile under the wrong leader.
-Unknown-