The Bailout Blame Game
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So, the blame game has started on bailouts. What amazes me is how and why McCain and Republicans are getting most of the blame for this mess when it was the Democrats who rebuffed efforts to regulate and reform government mandated lending policies. Yes, Virginia, these mandated laws forced banks to lend money to folks who wouldn’t normally be able to buy a home.
Like they said: Government policy made perfectly good renters lousy homeowners. It was effectively Affirmative Action Housing and not only has it not promoted affordable housing, it is crushing the country. Read this lovely article and see what the NY Times had to say in 1999. The constituent group this was supporting was certainly not Republican…..yet, the Republicans are getting blamed for it……totally amazing. Both parties failed on this to be sure, but McCain didn’t. He co-sponsored legislation and stood up in 2005 to warn the country. The bill was blocked by guys like Barney Frank. It is amazing to see how these politicans are so convinced they had nothing to do with this…..it is also amazing that the media isn’t telling the true story here and is buying the Pelosi line that this is all some Bush and McCain conspiracy to screw the country. While Obama sits back and does nothing….and did nothing but take $162,000 from Fannie Mae in campaign funds (to be fair McCain took $21,000). Yet, Obama reaps the benefits by kicking back and staying out of the mix. Is this leadership? It seems that on the one hand we want our politicans to fix things, when they try to they get singled out as part of the problem…..what does this cause? It causes pols like Obama to lay low and the media ignores not only his personal and professional culpability, but it completely ignores the culpability of the Democratic party blocking efforts to regulate. Thank goodness for YouTube videos of Congressional Committee hearings on the subject….the differences between Democratic and Republican members in 2004 and 2005 is as clear as day. Republicans wanted regulation, the Democrats were ticked off that the regulator was bothering Freddie and Fannie because they were “financially sound”. Can anyone explain to me why the Democrats are getting a free pass and Obama and Democrats look like they are going to get a cake walk when they majorly contributed to this mess?
4 Comments, What do you think?
The Idaho Stalker Strikes in Idaho Falls!
Submitted by Jo Larwood
It is early evening. I’m in my little home, in my tiny village, in the county of Norfolk, UK, which is part of a community that peppers across a five mile area of arable farm land. I’m within spitting distance of the coast and North Sea. I’ve just put another log on the fire to keep the autumnal (don’t know the American equivalent of autumnal) winds at bay.
I have to write to you good folks in Idaho. I have a confession. It is something that I have been burdened with for nearly two years. The truth is I have been spying on you all that time. I have read travel guides on you, maps and historical texts. I have sat in the library and at home scrolling through web site after web site. I have printed pictures of water towers in Kootenai County. I have route planned journey times from Idaho Falls to Pocatello. But last night I did the ultimate in stalking. I clicked on the web cam on Idaho Falls Today. It was 9.30 in the evening UK time, probably late lunch your time and I watched the clouds roll by. That was when I realized I had to confess.
So here it is – I Love Idaho!! There. I said it. I can’t tell you how good that feels.
Now – I suppose you want to know where all this nonsense is headed?
Eighteen months ago an idea for a novel came to me. Well, truth be told, characters starting living in my head. It was either write the book or get locked up in an institution.
These characters started their story in Wyoming. I knew Montana would be involved later. Then – BAM – they told me they were living in Idaho. Blimey, gosh, I thought. Where the hell is Wyoming, Montana and Idaho? I hoped they were close to each other (bet you are all laughing at that one!). I found my kids ‘Children’s Atlas of the World’ and, hey-presto, you are neighbours. Shocked me I can tell you!!!
Yeah, Wyoming is pretty. Sure, Montana is nice. But Idaho. I love you. I’m now onto my third book (it’s turned into a trilogy) and if I don’t come visit Idaho pretty soon I may have to contact NASA and hack into a spy satellite!
Thanks, you guys for letting me rant. Tell me if you want to hear more about Norfolk. It is like Idaho in so many ways and so different. Also can I have permission to bug you with questions on daily life in Idaho?
Cheers, Ta ta for now old chaps. You’ve been absolutely marvelous.
Jo Larwood
16 Comments, What do you think?
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Drive Safely, Wayne
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Just Say No to Bailouts
[This was submitted by Bundy on September, 23]
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25 Comments, What do you think?
Press Release - White House Warned about Fannie and Freddie
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IFPD…needs to get priorities straight?
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Does anyone remember a Little Leaguer being killed while playing ball in May 2000?
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