« Gore Calls for "Civil Disobedience" to be Used to Prevent the Construction of New Coal Plants (Aurvant) | Main | Did Paulson Pull The $700 Billion Number Out Of His Ass? »
September 29, 2008

Democrats In 2004…There Are No Problems At Fannie Mae Or Freddie Mac!

Caught on tape…Republicans warning about the problems caused by handing out mortgages like candy on Halloween and Democrats claiming those concerns were simply a way to stop poor people from getting homes.

Behold video you won’t be seeing in the MSM…

As Ace says, the Democrats built the bomb that ripped through the markets.

I think the worst thing about this bailout plan is it makes it nearly impossible to argue for free market solutions to problems going forward. Regardless of how much of the $700 Billion is actually spent or recouped, it will be thrown in the faces of people who say, ‘let the markets work’.

I’ve tried to explain the roots of this problem to several people and their eyes just glaze over. They don’t want to hear about the Community Reinvestment Act, ‘mark to market’, mortgage backed securities, Franklin Raines and all the rest. They just know that Wall Street came hat in hand looking for their money (okay, it was more like a stick up with a gun to our heads and dire threats if we didn’t fork over the money).

And let’s not forget to follow the campaign money.

RELATED: The House is debating the bailout bill right now and Barney Frank is managing the bill for the Democrats. It's enough to make you throw up. You can watch it online (it will be therapeutic for you if you have low blood pressure problems).


digg this
posted by DrewM. at 10:47 AM

| Access Comments




Recent Comments
Christopher R Taylor: "[i]There were several high profile atheists, among ..."

kraken: "Binders full of tampon earrings.... ..."

Deplorable Jay Guevara [/i][/b][/s]: "[i]157 Like others, don't want to jump on the band ..."

Chris M: ""Pretty soon there will only be women in the FNM." ..."

garrett: "Cocoa Pebbles are crap. The whole Pebbles Line ..."

Monk: "Give a modern woman the right to kill their unborn ..."

Burnt Toast: "I never understood, in the slightest, the outrage ..."

Grump928(C) predicts: " Moore 53% Jones 45% Other 2% ..."

Circa (Insert Year Here): "Binders full of liberal douchebags. ..."

BackwardsBoy [/i][/s][/b]: "[I]*wanders in * http://bit.ly/2AcanHW *wa ..."

logprof: "305 Cocoa Krispies > Cocoa Puffs Posted by: garre ..."

Your Decidedly Devious Uncle Palpatine, Booking Agent, Aero Pinochet: "314 Lord! That thing would have been hell on win ..."

Recent Entries
Search


MuNuvians
Polls! Polls! Polls!
Frequently Asked Questions
The (Almost) Complete Paul Anka Integrity Kick
Top Top Tens
Greatest Hitjobs

The Ace of Spades HQ Sex-for-Money Skankathon
A D&D Guide to the Democratic Candidates
Margaret Cho: Just Not Funny
More Margaret Cho Abuse
Margaret Cho: Still Not Funny
Iraqi Prisoner Claims He Was Raped... By Woman
Wonkette Announces "Morning Zoo" Format
John Kerry's "Plan" Causes Surrender of Moqtada al-Sadr's Militia
World Muslim Leaders Apologize for Nick Berg's Beheading
Michael Moore Goes on Lunchtime Manhattan Death-Spree
Milestone: Oliver Willis Posts 400th "Fake News Article" Referencing Britney Spears
Liberal Economists Rue a "New Decade of Greed"
Artificial Insouciance: Maureen Dowd's Word Processor Revolts Against Her Numbing Imbecility
Intelligence Officials Eye Blogs for Tips
They Done Found Us Out, Cletus: Intrepid Internet Detective Figures Out Our Master Plan
Shock: Josh Marshall Almost Mentions Sarin Discovery in Iraq
Leather-Clad Biker Freaks Terrorize Australian Town
When Clinton Was President, Torture Was Cool
What Wonkette Means When She Explains What Tina Brown Means
Wonkette's Stand-Up Act
Wankette HQ Gay-Rumors Du Jour
Here's What's Bugging Me: Goose and Slider
My Own Micah Wright Style Confession of Dishonesty
Outraged "Conservatives" React to the FMA
An On-Line Impression of Dennis Miller Having Sex with a Kodiak Bear
The Story the Rightwing Media Refuses to Report!
Our Lunch with David "Glengarry Glen Ross" Mamet
The House of Love: Paul Krugman
A Michael Moore Mystery (TM)
The Dowd-O-Matic!
Liberal Consistency and Other Myths
Kepler's Laws of Liberal Media Bias
John Kerry-- The Splunge! Candidate
"Divisive" Politics & "Attacks on Patriotism" (very long)
The Donkey ("The Raven" parody)
News/Chat
Archives
Powered by
Movable Type 2.64