Freddie MACcain and Obama's Fannie

[highnote]

You guys know me -- I tend to lean a bit left, but I really do make an honest attempt to see the view from both sides -- right and left. I prefer to be a uniter than a divider. Rightly or wrongly, I get criticized for it. So be it.

But here are some excerpts from a Bill Moyer's essay based on "the facts" about Fannie Mae, Freddie Mac, Obama and McCain as reported by Jackie Calmes of the New York Times.

OBAMA:

Both Barack Obama and John McCain say the Fannie and Freddie mess is the result of the cozy ties between lobbyists and politicians, the very thing they will "change" if elected. But guess what? Neither one of them has ever had, quote, "A record of directly challenging the companies."


To the contrary, Obama is second among members of Congress in donations from Fannie Mae and Freddie Mac's employees and political action committees, even though he's only been in the Senate since 2005. The former chairman of Fannie Mae originally led Obama's vice presidential search committee but had to step down in a controversy over favorable loans he received, while at Fannie, from a company doing business with Fannie.

MCCAIN:

And what about John McCain? His entire campaign team stepped right out of a predator's ball. His confidante and top adviser lobbied several years for Freddie Mac. His deputy fundraiser lobbied Fannie Mae, and his campaign manager lobbied for both of them, leading a coalition of beltway insiders whose goal was to "stave off regulations" that might have short circuited this nightmare.

One wealthy member of Freddie Mac's board has contributed more than $70,000 to McCain and Republican Party members working for McCain's election.

Even the guy who vetted John McCain's vice presidential options is a former lobbyist for Fannie Mae.

And finally:

Now, Senator Obama denounces "golden parachutes" for the deposed execs of the two institutions. Now, John McCain blames Fannie Mae and Freddie Mac's troubles on "cronyism" and "special interest lobbyists." Beg pardon? Does McCain know that if he really intends to throw the bums out he'll have to start with his own inner circle. As we've heard, you can rewrite the myth but you can't rewrite the facts.

What's a voter to do? Ron Paul? Ralph Nader? Any thoughts? I'm all ears.

[HUSKER55]

I'm as opiniated as anyone on this board. I'm with you. It is hard to tell who offers the best "value" (pardon the pun) after the election.

When you stop and think about it Sarah has done more than all of them in that regard and is probably the best chance a voter has.

Obama has way too many skeletons for my comfort zone. Most democrats are good talkers but they always seem to fall short. Bill was no good and I am not refering to the sex and drugs crap. Hillary and Whitewater, I am sure there is no connection with the current freddie problem, yeh right. Obama as you say is in with the freddie politicians, there will be a payoff and you know that.

The news media is all over Palin without mercy but they don't go after the rest with the same vengence which is disturbing. I consider that a warning that the dems are really hiding something. Bill and Hillary came from Louisana and Obama is from Chicago. What the hell is that? ZIP. None of them served in the military.

Reminds me of a line I heard in a movie once. Do you know what a sex maniac does when he can't get a real job?

Ans: Works in a newsroom. :D

McCain has way more experience and I don't see how Obama can deliver on anything he has said. I think he would like to make a difference but I don't think he can deliver.

Makes one wonder


husker55

:)

[highnote]

McCain blames Fannie and Freddie's problems on cronyism and lobbyists, yet he hires Fannie and Freddie lobbyists as top members of his campaign!

He's hiring people he claims caused all the problems! What the ????

Remember, he's the guy that will be running the country -- not Palin.

A vote for Obama or a vote for McCain is not a vote for change. It is a vote for business as usual. It is a vote for the party of the incumbents. A vote for the lesser of evils -- as is usually the case.

Here's the quote again in case you missed it...

And what about John McCain? His entire campaign team stepped right out of a predator's ball. His confidante and top adviser lobbied several years for Freddie Mac. His deputy fundraiser lobbied Fannie Mae, and his campaign manager lobbied for both of them, leading a coalition of beltway insiders whose goal was to "stave off regulations" that might have short circuited this nightmare.

One wealthy member of Freddie Mac's board has contributed more than $70,000 to McCain and Republican Party members working for McCain's election.

Even the guy who vetted John McCain's vice presidential options is a former lobbyist for Fannie Mae.

John McCain blames Fannie Mae and Freddie Mac's troubles on "cronyism" and "special interest lobbyists." Beg pardon? Does McCain know that if he really intends to throw the bums out he'll have to start with his own inner circle.

[bigmack]

If you poo-poo'd every person who has had dealings with Freddie/Fannie you'd be left with the B-Team from a shuffle board tournament in Boca.

How has having anything to do with F/F soil anyone? Are they the demon de jour?

This whole angle has virtually no legs and further proves the rock solid irrelevance of BMoyers.

[Tom]

McCain blames Fannie and Freddie's problems on cronyism and lobbyists, yet he hires Fannie and Freddie lobbyists as top members of his campaign!

He's hiring people he claims caused all the problems! What the ????



He's hiring them to run a campaign, not the government. Huge difference.
If you wanted to hire a clown for a party, wouldn't Bill Clinton be high on your list? Terrible prez, great fool! :lol:

[wonatthewire1]

that gig that moyers has is a good one though

lives in a nice house up on the hill over looking town

I wonder who's been propping him up all these years?

[bigmack]

that gig that moyers has is a good one though
lives in a nice house up on the hill over looking town
I wonder who's been propping him up all these years?
Ignoramuses that don't know any better. Know any of those?

Here's a guy who has produced scores of specials, all on the dime of the taxpayer, then turns around and sells those productions for his own aggrandizement/profit. The uninformed fall at his feet. Others know well his duplicity.

[Tom]

Good point Mac, if his crap was so good, why couldn't he compete and actually find sponsors?
Welfare newsman. :lol:

[chickenhead]

He's hiring them to run a campaign, not the government.

when it comes to fill out all those executive appointments to run the ABC agencies, its the campaign folks that fill them. That's why they do it.

[wonatthewire1]

Good point Mac, if his crap was so good, why couldn't he compete and actually find sponsors?
Welfare newsman. :lol:

house is worth a couple of mil - not bad for a welfare dude

[bigmack]

house is worth a couple of mil - not bad for a welfare dude
Tom, ya ever get the feeling some people just don't get it?

[highnote]

The point of this thread is not about Moyers -- I just quoted him because he's a better write than I.

This thread is about lobbyists who do not always act in the best interest of the taxpaying public. Sometimes, it only benefits those in power.

Consider the facts...

McCain has not only strong ties to lobbyists whose job it was to make sure the regulators didn't stop Fannie and Freddie from taking giant risks, but he hires them to run his campaign. If he gets elected he is not going to change anything in Washington.

The chickens have come home to roost and some of those actions by McCain's lobbist buddies are going to cost every man, woman and child in the U.S. an average of $665 to bail out Freddie and Fannie. Remember that tax rebate you got -- well now, you get to give it back.

Of course, it's not all McCain's fault. Obama has ties to this, too. There is plenty of blame to go all around the senate. There are probably some senators on the banking committee that should be impeached.

The fact is, too many people at Freddie and Fannie were betting like drunken sailors and now the U.S. taxpayers are going to bail them out. There really isn't any other choice, because if the taxpayer doesn't bail them out the whole economy will face severe consequences.

It's what is known as Capitalism for the poor and Socialism for the rich.

If you and I bet at the racetrack and lose, we go home, replenish our bankroll, but we don't ask for anyone's assistance to replenish it.

When Fannie and Freddie's managers overbet and lose, we are expected to cover the losses.

Just be aware, that no matter if Obama or McCain wins, it will be business as usual in Washington. Oh... and your taxes are going to go up, too.

You've been warned. But don't blame me, I'm just the messenger. I'm only stating the facts.