It will be running on CNN and Fox. Mostly it focuses on Dodd and Reid and doesn't refer to Franks or other members of the House.
Washington, DC - October 8, 2008 - American Issues Project is launching the second phase of a major television advertising campaign today spotlighting the role congressional liberals played blocking oversight and reform of Fannie Mae and Freddie Mac, which spurred the housing bubble and led to the failing economy. The initial ad buy is one million dollars and will begin running today on FOX News, CNN and CNN Headline News."Our ad seeks to set the record straight and let the American people know who is responsible for this $700 billion catastrophe," said Ed Martin, the organization's president. "While liberals and some in the media try to affix blame to the Bush Administration for the housing crisis and resulting financial meltdown, this is one case where the real impetus for all these troubles is crystal clear. It was not the free market but government supported and propped-up institutions Fannie and Freddie that are the root cause. All roads for this failure lead back to liberals and their close ties to these two government institutions."
The ad further describes campaign contributions and sweetheart mortgage deals for Senate liberals and their connection to the economic meltdown.
American Issues Project's ad examines Senator Chris Dodd's efforts to kill reform at the same time he received more political contributions since 1989 from Fannie and Freddie combined than any other politician. In August 2007, despite warnings from the housing market and the Bush Administration, Dodd blocked efforts to regulate the mortgage powerhouses, while securing for himself a below-market mortgage through which he personally saved an estimated $75,000 on payments for two homes.
Liberal senators, particularly Senate Majority Leader Harry Reid, are targeted in the ad for their previous involvement in fighting against regulation of Fannie Mae and Freddie Mac and even wanting an expanded role for the institutions. Yet since 2004, liberals in Congress have been aware of regulators accusing Fannie Mae of fraud by concealing expenses to make its profits look bigger.
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CC, chill out! No Drama Obama will make a good and possibly great president. I can't think of another politician I'd rather see step into the job at a moment like this. He's smart as a tree full of owls, he's nimble, he's pragmatic, he's tough, he plays well with others and he knows how to get things done. Mark my words.
In the meantime, go take a walk, preferably under some trees. Look at the sky. Feel the sun. Listen to the birds. Consider the lilies. And if you can't do any of that, just take some deep, cleansing breaths.
Steady, steady.
And why is our economy in the toilet? Let's see, the democrats with their deep compassion wanted mortgage companies to lend to people who couldn't afford a house. When republicans in congress were asking for oversight of Fannie May & Freddie Mac 2 years ago (and it is documented in congressional records)democrats continued to refuse to do anything about it. Barney Frank, Chris Dodd and Charles Schumer are the biggest scum bags that there ever was. Why they are still in office is beyond me. And then there's Barack Obama who had the second largest contributions from Fannie Mae & Freddie Mac behind Chris Dodd. Franklin Raines and James Johnson walks away from Fannie Mae with billions and they're in Obama's advising circle. People get a clue! There are problems not only with the foreclosed property that banks have but also with people not paying their loans or credit cards. We live in a country where people think that they have the right to own something even if they can't pay for it and our government by bailing out entities because they were stupid enough to go down that road because of their greed has already become one step closer to socialism.
You know what I'd be interested in? How many of those Obamanites that are contributing online with their credit cards will pay their credit card bills! Another bailout for the banks and we all may be contributing to ChaObama's campaign!
Gidget, you need to lay off that GOP Kool-Aid.
You don't really think Americans are going to blame the Democrats for this mess when Bush came into office and blew Clinton's huge surplus the first year he was there so he could slash taxes for his fat cat donors?
You don't really think Americans are going to blame Democrats when Republicans had control of Congress for 12 years our of the last 14, and control of the White House for eight?
You don't really think Americans are going to blame Obama for getting us into a stupid endless war that has bankrupted us and accomplished precisely what Osama bin Laden was after, bring the American economy to its knees?
If you truly believe the Republicans have any chance of ducking responsibility for this mess by shifting the blame, then I've got a great Bridge to Nowhere I'd love to sell you.
As for "socialism," I do believe it's the Bush Administration that is seriously considering nationalizing the banks at this very moment.
the democrats with their deep compassion wanted mortgage companies to lend to people who couldn't afford a house.
But he did help a few people get out of your slums, Mr. Potter. And what's wrong with that? Why . . . Here, you're all businessmen here. Doesn't it make them better citizens? Doesn't it make them better customers? You . . . you said . . . What'd you say just a minute ago? . . . They had to wait and save their money before they even ought to think of a decent home. Wait! Wait for what? Until their children grow up and leave them? Until they're so old and broken-down that they . . . Do you know how long it takes a working man to save five thousand dollars? Just remember this, Mr. Potter, that this rabble you're talking about . . . they do most of the working and paying and living and dying in this community. Well, is it too much to have them work and pay and live and die in a couple of decent rooms and a bath? Anyway, my father didn't think so. People were human beings to him, but to you, a warped, frustrated old man, they're cattle. Well, in my book he died a much richer man than you'll ever be!
"George Bailey" - my favorite Presbyterian! (With all due respect to "The Reformed Chicks").
nice, moonshadow. thanks.
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