Posted by
Board Certified M.D. on Wednesday, September 24, 2008 6:40:24 PM
I knew a little about Fannie Mae before but because I've bought property before. However because of my desire to be a competent Blogger and Talk Radio I've learned so much. This Financial Crisis is due mostly to the fact that Clinton put the Jimma Carter Era Community Re-Investment Act on Steroids! Barney Franks and Chris Dodd should be impeached as they continue to claim that Fannie Mae has nothing to do with this Crisis. Raines, Johnson, Gorelick(Millionaire Civil Servant who was involved in 911 WTC and this Economic One!) McCain should be hammering the Dems on this one! He fears they come back at him with Keating 5 issue of the 80's is my guess.
The Democrats are insidiously turning our Capitalistic System into a Socialist One. All the people who are high risk for Mortgages are in homes Thanks to the Fact that Franks, Dodd, Clinton have pushed for this. A Bailout will occur in a another decade or 2.
This reminds me of the Medicare Drug Program which is unnecessary, Remember the Democrat lead State Children's Health Insurance Program, or SCHIP which would cover the Middle Class and College Students.
Social Security is on the verge of Collapse and the Feds will come to the rescue with a new bigger SSA type program.
Socialism by Creep is what is taking Place. Home Mortgages are not and forever backed by the FEDS. Health-Care and Drugs backed by the Feds expanded during each Administration. Education is basically funded by the FEDS. Wall Street is headed towards Welfare too. Our Capitalistic System like a Caterpillar is turning into a Moth which will destroy industry and our economy like it destroys fabric!
If more people blogged they'd use the Internet to learn the truth about how the Democrats are destroying FREE Enterprise and Capitalism!
The Democrats are much more conniving, manipulative and pro-active about turning America into a European styled country. Their latest move to allow the off shore drilling moratorium to expire is a calculation to win the White House after the US Public slammed them on this and favored the GOP position. If 0bama gets in they'll reinstate the moratorium again!
We need People to become bloggers for the education that they'll receive alone as the MSM is eating our BRAINS!