Monday, April 27, 2009

Freddie, Fannie, Barnie, and Chuck

The title of this post sounds like a fun little children's book about three ducks and goose. You can almost imagine the four of them dancing around a pond, splashing each other with their cute little webbed feet, and soaking in the sun as they play. Unfortunately, however, it refers to the institutions and politicians at the heart of our current economic mess.

Barack Obama and Congressional Democrats, led by "Bawny Fwank" himself, love to blame the Bush Administration for everything without accepting any responsibility themselves. But take a look at the video below. It shows the Bush Administration, Senator McCain, and then Chairman of the Federal Reserve Alan Greenspan, warning Congress that without proper regulation and oversight Fannie and Freddie were in danger of collapse, which would have a devastating effect on the rest of the economy. Frank and Schumer, who lead attacks these days in the blame game, were both against increased oversight. Who's to blame?



It simply amazes me. Liberals advocated for the expansion and growth of Fannie and Freddie, pressured lending institutions to lower standards for loan and mortgage qualifications, resisted efforts to regulate, and accused all who opposed them for doing so out of racism, then once everything their opponents said came true they blame Bush and Co.

Washington liberals are nothing but liars and cheats. They don't stand for "tolerance." They don't stand for "social justice." They use these as a punchline. All they care about are the advancement of their own political futures, the consolidation of their own power, and ever greater control over you, me, and how we want to live our lives.

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