Guess who was covering for Fannie Mae and Freddie Mac in 2004?
Posted on September 27, 2008
Hint: it wasn’t Republicans.
Not surprising, considering that the top five recipients of campaign contributions from Fannie and Freddie were — shockah — Democrats! 17 out of the 25 top recipients were Democrats. No wonder they weren’t willing to reform Fannie Mae and Freddie Mac. It would’ve killed their cash cows.
And, surprise surprise, look who’s sitting pretty at number three. And that’s not even with a full term in the Senate completed yet. Imagine that. And, as Gateway Pundit points out, Fannie Mae chairman Jim Johnson is still advising Obama. Change we can believe in? Don’t count on it.
Every time majority Republicans tried to pass legislation to reform Fannie and Freddie, Democrats blocked it. Now we’re seeing the repercussions of their actions. Yet — unsurprisingly, if I may say — they refuse to take responsibility for their screw-up. They’re much more fond of finger-pointing and sticking taxpayers with the bill.
Hat Tip: Gateway Pundit
Cross-posted from Cassy’s blog.
» Filed Under Democrats, Economy, Elections, Moral Relativism, News, Taxes, Video
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3 Responses to “Guess who was covering for Fannie Mae and Freddie Mac in 2004?”
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This whole thing makes me so mad I can barely speak.
That a member of congress would tell someone that they are interviewing that he is “pissed off” especially in light of what was being covered up is infuriating.
The Dems are in it up to their eyeballs, but for some reason polls say that people trust Oblahblah with the economy?!!
That $20,000 a month for 2+ years (through July) in direct cash to McCain’s campaign manager for doing zip makes me wonder if you’ve really thought this one through. It also might help Kay L with her question.
Before you go throwing McCain on your shoulders while kicking Obama, you might want to do some research first:
http://www.newsweek.com/id/161218
They all do it. Please don’t base your vote on who gets money from where; not that I support it, but as the teenagers say, everybody’s doing it.