Note: When in a hole, stop digging
Sen. Obama is running ads and preaching that the Fannie Mae / Freddy Mac debacle and subsequent bailouts are due to failed Bush policies. Now, I won’t defend the current administration as being fiscally conservative. In fact, I agree with Michelle Malkin’s assessment that the proposed enormous bailout package is a death knell to fiscal conservativeness by this administration. However, it is clear that both Bush and McCain over the last five year tried to rein in these two organizations. And Democrats blocked them claiming that there is no problem. Now, it’s slowly coming to light how much the democrats benefited from Fannie Mae/Freddy Mac and maybe that’s why they protected them. We’ve got the top political donation recipients:
Name | Office | State | Party | Grand Total | Total from PACs | Total from Individuals |
Dodd, Christopher J | S | CT | D | $165,400 | $48,500 | $116,900 |
Obama, Barack | S | IL | D | $126,349 | $6,000 | $120,349 |
Kerry, John | S | MA | D | $111,000 | $2,000 | $109,000 |
Bennett, Robert F | S | UT | R | $107,999 | $71,499 | $36,500 |
Bachus, Spencer | H | AL | R | $103,300 | $70,500 | $32,800 |
Source: http://www.opensecrets.org/news/2008/09/update-fannie-mae-and-freddie.html
Note that Obama has only been in the Senate for 2 years…and he’s #2 on this list. Both he and Sen. Dodd were receiving preferential loans from CountryWide during this time. This doesn’t sound like the kind of change I want for America.
GorT is an eight-foot-tall robot from the 51ˢᵗ Century who routinely time-travels to steal expensive technology from the future and return it to the past for retroinvention. The profits from this pay all the Gormogons’ bills, including subsidizing this website. Some of the products he has introduced from the future include oven mitts, the Guinness widget, Oxy-Clean, and Dr. Pepper. Due to his immense cybernetic brain, GorT is able to produce a post in 0.023 seconds and research it in even less time. Only ’Puter spends less time on research. GorT speaks entirely in zeros and ones, but occasionally throws in a ڭ to annoy the Volgi. He is a massive proponent of science, technology, and energy development, and enjoys nothing more than taking the Czar’s more interesting scientific theories, going into the past, publishing them as his own, and then returning to take credit for them. He is the only Gormogon who is capable of doing math. Possessed of incredible strength, he understands the awesome responsibility that follows and only uses it to hurt people.