Sponsored Content
« Guess That Party! Son of "US Representative" Has Sex with Female Inmates; Chicago Sun-Times of Course Cannot Find Out What Party Dad Belongs To | Main | Hope, Change, and Credit Card Fraud »
October 15, 2008

OBAMA VOTED "PRESENT" ON FANNIE/FREDDIE REFORM

Hot Air's had this up for a while. I just saw it.

He only figuratively voted "present." What he did was refuse to cast a vote to stop debate, so that a vote on the merits of the reform bill could be had.

Finally, on the matter of deregulation and the financial crisis, Sen. Obama should consider his own complicity in the failure of Congress to adopt legislation that might have prevented the subprime meltdown.

In the summer of 2005, a bill emerged from the Senate Banking Committee that considerably tightened regulations on Fannie and Freddie, including controls over their capital and their ability to hold portfolios of mortgages or mortgage-backed securities. All the Republicans voted for the bill in committee; all the Democrats voted against it. To get the bill to a vote in the Senate, a few Democratic votes were necessary to limit debate. This was a time for the leadership Sen. Obama says he can offer, but neither he nor any other Democrat stepped forward.

Instead, by his own account, Mr. Obama wrote a letter to the Treasury Secretary, allegedly putting himself on record that subprime loans were dangerous and had to be dealt with. This is revealing; if true, it indicates Sen. Obama knew there was a problem with subprime lending — but was unwilling to confront his own party by pressing for legislation to control it. As a demonstration of character and leadership capacity, it bears a strong resemblance to something else in Sen. Obama’s past: voting present.

I have asked the McCain campaign repeatedly if they have any evidence of this alleged letter. If Obama wrote such a letter, why is he unable or unwilling to produce it?

The time for games is over. It is time for confrontation.

I'm sorry, I'm going to say it:

Senator McCain, either you want to win this election or you don't.

Your actions in the debate tonight will tell me which.

If you do not pin Obama's ears back on this winning issue, I personally write you off and dedicate all of my efforts to Senators and Congressmen.

I will not support someone determined to "lose honorably."






Recent Comments
Skip: "Bought goat cheese few weeks ago, it was OK but on ..."

Skip: "FOODIES NOOD ..."

Skip: "Pie fight! ..."

gp Sets In Motion Various Apparatuses: "nood ..."

gp Sets In Motion Various Apparatuses: "210 These days, I feel immense gratitude when any ..."

PabloD : "Big rug, not big run. Autocucumber... ..."

PabloD : "If I secure the big run by the front door, then it ..."

Daddy, why are muffin pans made with twelve spaces instead of five?: "It's weird how "hardwood" started becoming mainstr ..."

From about That Time: "Been eyeballing dumpsters and pickups for ropes, n ..."

AZ deplorable moron: " the carpet was concealing. Posted by: Duke S ..."

From about That Time: "FWP swapped out pants before heading to India poin ..."

Daddy, why are muffin pans made with twelve spaces instead of five?: "ordered two point rugs from Amazon. They sent me a ..."

Recent Entries
Search


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)
Powered by
Movable Type 2.64