“Sergeant, uh, uh, from the mother of, uh”
I wonder if Sergeant, Ryan David Jopek’s mom is proud of Obama’s performance last night. I’m embarrassed for the family of the soldier Obama used as a comeback. “I’ve got a bracelet, too” As if somehow his jewelry erases the uh, uh, 900, uh days he neglected to visit Iraq.
I thought the debate was pretty good overall. I found many things funny, mostly related to the slanted media coverage. Oh, and the text sent out by the Obama campaign encouraging their viewers to watch the debate on CNN. Yup. On Fox and Friends this morning, an Obama spokesman was asked about it. His response was that the Obama camp wasn’t sure if it would be on all the channels. LMAO, I kid you not. Steve then asked if the campaign got TV guide. Probably not liberal enough for them.
Moving on…I found this today. Wanted to remind everyone of who REALLY has blocked reform of our mortgage giants. Too bad the Dems didn’t listen back then - fingers in ears - LAH LAH LAH LAH I CAN’T HEAR YOU
From NY Times - September 11, 2003
The Bush administration today recommended the most significant regulatory overhaul in the housing finance industry since the savings and loan crisis a decade ago.
Under the plan, disclosed at a Congressional hearing today, a new agency would be created within the Treasury Department to assume supervision of Fannie Mae and Freddie Mac, the government-sponsored companies that are the two largest players in the mortgage lending industry.
The new agency would have the authority, which now rests with Congress, to set one of the two capital-reserve requirements for the companies. It would exercise authority over any new lines of business. And it would determine whether the two are adequately managing the risks of their ballooning portfolios.
The plan is an acknowledgment by the administration that oversight of Fannie Mae and Freddie Mac — which together have issued more than $1.5 trillion in outstanding debt — is broken. A report by outside investigators in July concluded that Freddie Mac manipulated its accounting to mislead investors, and critics have said Fannie Mae does not adequately hedge against rising interest rates.
…..
”These two entities — Fannie Mae and Freddie Mac — are not facing any kind of financial crisis,” said Representative Barney Frank of Massachusetts, the ranking Democrat on the Financial Services Committee. ‘‘The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing.”
Representative Melvin L. Watt, Democrat of North Carolina, agreed.
”I don’t see much other than a shell game going on here, moving something from one agency to another and in the process weakening the bargaining power of poorer families and their ability to get affordable housing,” Mr. Watt said.
So, instead, they weakened EVERYONE’s buying power. I guess that’s what makes it fair. I’m sure glad they’re looking out for all of us.
Here are 17 other times the administration made warnings: www.glennbeck.com/content/articles/article/198/15484/
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