A Lesson in history: The economic meltdown.
From: September 2008
Congressional hearings in 2004.
A video of the investigation into Fannie Mae and Freddie Mae bookkeeping
“LOAN Affirmative Action”…………”A higher risk and a higher default rate than others on the portfolio” at 03:00 to 3:15 minutes
03:50 to 07:30 Obama’s involvement
ASTONISHING VIDEO EVIDENCE FOUND!!! the Clinton administration admitting their policy of “BANK AFFIRMATIVE ACTION”. Secretary Cuomo admits they forced banks to make BAD LOANS. Video also shows Obama’s tie to all this.
Obama is seen discussing his legal and community organizing career. See how it ties in to ACORN and the Clinton administration enforcement of the Community Reinvestment Act.
Nancy Pelosi, Barney Frank, and Democrats are Clueless on Freddie Mac Fannie Mae and the financial credit
ADD a Blank Check issued to Fannie Mae and Freddie Mac by the Obama Administration during CHRISTMAS Break of Congress in 2009. Endless credit for a failing housing structure.
Posted by Daniel J. Mitchell
Even though politicians already have flushed $400 billion down the rathole, the Obama Administration has announced that it will now give unlimited amounts of our money to prop up Fannie Mae and Freddie Mac, the two government-created mortgage companies. While President Obama should be castigated for this decision, let’s not forget that this latest boondoggle is only possible because President Bush did not do the right thing and liquidate Fannie and Freddie when they collapsed last year.
Treasury Secretary Timothy Geithner: No Action On Fannie Mae & Freddie Mac Until Next Year
ADD in the Bush invasion of Iraq; taking eye off of Afghanistan. Granted Saddam Hussein was a despicable dictator, but invading under auspices of WMD (never confirmed) was a distraction and another economic burden for the United States.
Obama, Chavez Are Both Nationalizing Private Companies, Venezuelan Political Analyst Says
Washington (CNSNews.com) — Venezuelan President Hugo Chavez is taking over private companies in order to deal with the economic crisis that has affected both his country and the United States, and the Obama administration is trying to do roughly the same thing, Venezuelan political analyst Dr. Luis Vicente León told CNSNews.com Monday.
“I don’t like to make comparisons (between the U.S. and Venezuela) because you can only compare concepts,” León, a noted political analyst and pollster in Venezuela said in Spanish. “But conceptually, one can say that in order to solve the crisis, President Obama has had to overtake private companies.”
He added: “Chavez is using the thesis that he is going to solve the crisis (by taking over) private companies.”
Although both countries utilize different rhetoric, ultimately the “concept” behind the state meddling with the private sector in order to deal with the economy is the same in both countries, according to León.
“You can say the institutions function differently–the (U.S.) government does not want to permanently own those companies and wants to return them to the private sector–but, in the end, the concept of the state’s participation is the same,” he told CNSNews.com
“In other words, it is the state getting involved with the private sector,” León added.
Congressional term limits
Rep. Pete Stark (D-CA) Outrageous Remarks on House Floor in 2007
AND At a townhall meeting June 29, 2010
Bonded Term Limits for Congress
Congress getting money from lobbyists
The Vat Tax
As Washington reels from the news of 10.2 percent unemployment, the Center for Responsive Politics is out with a new report describing the wealth of members of Congress.
Among the highlights: Two-hundred-and-thirty-seven members of Congress are millionaires. That’s 44 percent of the body – compared to about 1 percent of Americans overall.
CRP says California Republican Rep. Darrell Issa is the richest lawmaker on Capitol Hill, with a net worth estimated at about $251 million. Next in line: Rep. Jane Harman (D-Calif.), worth about $244.7 million; Sen. Herb Kohl (D-Wis.), worth about $214.5 million; Sen. Mark Warner (D-Va.), worth about $209.7 million; and Sen. John Kerry (D-Mass.), worth about $208.8 million.
All told, at least seven lawmakers have net worths greater than $100 million, according to the Center’s 2008 figures.
Herb Kohl is third on the list.
Of the top five richest lawmakers, four are Democrats.
Millionaires in Congress; yet YOU think they worry about the “citizens” of America.
Government SPENDING is OUT OF CONTROL.
It ISN”T all Bush’s/Republicans fault; Democrats have claims to faults for economic collapse.
STOP SPENDING and funding government defunct programs!
The only employment sector that has grown is the FEDERAL JOB SECTOR.
TERM LIMITS for Congress.
JUST NO LONGER SILENT.