Mortgage Crisis for Dummies. A Handbook for Obama.

Obama, who is at fault for the mortgage crisis? Huh? Louder. Take a look here.

Five years ago, The New York Times reported on the Bush Administration's efforts to reform Fannie and Freddie.

Who, pray tell, thwarted those efforts?

My former party - the party of NO principles. The party that took an unknown, unvetted, undeniably unqualified Senator to the heights of adulation. That same Senator is now denouncing the Republican party as the cause of our current subprime mortgage crisis.

I submit this proposal to you. Sen. Obama? Give back all monies given to you for YOUR home by convicted felon and your confidante, Tony Rezko. Live in the community you claim to have "organized." Give up your mock throne. Let the Republicans run the country and keep us secure, for the ONLY Democrat who is able to lead us is Sen. Hillary Clinton. Since her rub-out, Dem mob style, we might as well hand the reigns to the GOP who know something about national security. Econ 101? Obama, time to return to your Dummie books.

The Blame Game. Score: Obama- Zero

Let's play the Blame Game.

Wall Street collapses.
Democrats blame Republicans aka Bush administration.
Obama has hijacked the Democratic party, south side style.
The country is in crisis, potentially creating a situation whereby payrolls cannot be met, credit cannot be lent, homes must be vacated, atm's will be dry.

How did this happen to America?

Let us use our virtual time machine to travel back four years as we enter the Freddie and Fannie Zone. Hearsay and accusations are quick to fly, and in this election cycle where Obamamites are burrowing into the skin of duped American's, I offer you the "proof is in the pudding" video.
Reminder: Who is Franklin Raines? Now deposed and disgraced former chairman and ceo of Fannie Mae, "sometime" economic adviser to, YOU GUESSED IT, Obama.


So, as all of us NOBAMA consigliaries know, racism is used to decry our foul call.
Sorry, not this time, not ever, NOBAMA.


RealClearPolitics


September 23, 2008
Raines, Obama and the Media
By Jack Kelly

The Washington Post is a "pretty flimsy" source of information, two Post hotshots declared in an effort to diminish a politically uncomfortable association for Sen. Barack Obama.

Franklin Raines, CEO of the Federal National Mortgage Association (Fannie Mae) from 1999-2004, is the individual most responsible for the subprime mortgage crisis. It was on Mr. Raines' watch that Fannie Mae went bankrupt.

He was accused of manipulating earnings statements so he could be paid bonuses to which he was not entitled.
In July, Mr. Raines was interviewed by Anita Huslin, a business reporter for the Washington Post.

"In the four years since he stepped down as Fannie Mae's chief executive under the shadow of a $6.3 billion accounting scandal, Franklin D. Raines has been quietly constructing a new life for himself," Ms. Huslin's story began. "He has shaved eight points off his golf handicap, taken a corner office in Steve Case's D.C. conglomeration of finance, entertainment and health care companies and, more recently, taken calls from Barack Obama's presidential campaign seeking his advice on mortgage and housing matters."

Sen. John McCain pounced. In an ad Sep. 18, he said: "Obama has no background in economics. Who advises him? The Post says it's Franklin Raines, for 'advice on mortgage and housing policy.' Shocking. Under Raines, Fannie Mae committed 'extensive financial fraud.' Raines made millions. Fannie Mae collapsed. Taxpayers? Stuck with the bill."

The Obama campaign rushed out statements by Mr. Raines denying he had offered Sen. Obama advice, and by Sen. Obama denying he had sought it.

Who was the source for Ms. Huslin's assertion that the Obama campaign had solicited Mr. Raines' advice? Mr. Raines himself.

"I asked Huslin to provide the exact circumstances of that passage," wrote Michael Dobbs, who writes the Post's Fact Checker blog. "She said she was chatting with Raines during the photo shoot, and asked 'if he was engaged at all with the Democrats' quest for the White House. He said that he had gotten a couple of calls from the Obama campaign. I asked him about what, and he said, Oh, general housing, economy issues.'"

But that conversation is "pretty flimsy" evidence, Mr. Dobbs said. "The McCain campaign is clearly exaggerating wildly in attempting to depict Franklin Raines as a close adviser to Obama," he said.

Howard Kurtz, the Post's media writer, said: "(Raines) has never been a close adviser to Obama."

The McCain campaign never said he was. The only description in the ad of the Obama-Raines relationship is a direct quote from Ms. Huslin's story. To diminish the impact on Sen. Obama of the disclosure of an unsavory association, Mr. Dobbs and Mr. Kurtz distorted what Sen. McCain actually said.

The furious efforts of Mr. Dobbs and Mr. Kurtz to spin on behalf of Sen. Obama at the expense of their own newspaper are hilarious. But they were topped by Karen Tumulty of Time magazine, who said the McCain ad was "racist" because both Sen. Obama and Mr. Raines are black.

"Sinister images of two black men, followed by one vulnerable looking elderly white woman," she wrote.
Proof the ad is racist, Ms. Tumulty said, is because it doesn't mention "a far more significant tie -- that of Jim Johnson, the former Fannie Mae chairman who had to resign as head of Obama's vice presidential search team."
That's because the McCain campaign devoted a separate ad to Mr. Johnson, Mr. Raines' predecessor at Fannie Mae.

Mr. Johnson and Mr. Raines aren't the only figures in the subprime mortgage scandal to be connected to the Obama campaign. Jamie Gorelick, rumored to be an attorney general candidate in an Obama administration, was vice chairman of Fannie Mae from 1997 to 2003. Penny Pritzker, Mr. Obama's national finance chairman, has been described as "the Michael Milken of the subprime mortage crisis" for her pioneering of the packaging of bad loans with good ones at her now defunct Superior bank in suburban Chicago.

"The financial engineering that created the financial meltdown was developed by the Pritzkers and Ernst and Young, working with Merrill Lynch to sell bonds securitized by sub-prime mortgages," said Timothy Anderson, a retired bank consultant.

These connections -- and Mr. Raines' own words -- contradict the notion he was the peripheral figure to the Obama campaign Mr. Dobbs, Mr. Kurtz and Ms. Tumulty would like you to believe.

"I no longer trust the major newspapers or television networks to provide consistently accurate and fair reporting of all the charges and counter-charges," wrote Stuart Taylor in the National Journal Sep. 20.

CONNECT THE DOTS AKA FANNIE MEETS OBAMA

Stop, Drop, and Roll your eyes in amazement.
He who doth protest is the very subject of guilt.
Brought to you by Barack Obama, Penny Pritzker, Franklin Raines, and the gang at Sesame Street.

Obama Attempts to Conspire with Iraqi Official. "It's OK, What's a few more lives lost to guarantee an election win?"

There is no need to be amusing or clever with this post. This is too serious and dire a matter and must be brought to the attention of as many voters as possible. Yet again, the Jr. Senator from Illinois has committed a most egregious and possibly felonious act to benefit himself. After all, it is ALL about HIM.

What you are about to read is a piece of journalism, not broadcast media hype skewed by the liberals ( I used to be one of those libs). The New York Post has tanked for the Jr. Senator, yet they have abandoned their usual bias to publish a frightening reminder of the man who would be king.

This dastardly Chicago machine must be stopped. The Jr. Senator who has served approx. 185 days in that role, has attempted to sway foreign policy to benefit the outcome of the presidential election. According to Iraqi Foreign Minister Hoshyar Zebari, Obama made his demand for a delay a key theme of his discussions with Iraqi leaders in Baghdad in July. The delay refers to TROOP WITHDRAWAL, the very theme of the Jr. Senator's entire campaign of atrocities.
The Foreign Minister further states, " He asked why we were not prepared to delay an agreement until after the U.S. elections and the formation of a new administration in Washington," Zebari said in an interview.

I sit here appalled and sickened, as I have felt through much of this fraudulent election cycle. However, this transcends and trumps every other scurrilous and despicable act of the man we MUST STOP from entering the oval office.
http://www.nypost.com/seven/09152008/postopinion/opedcolumnists/obama_tried_to_stall_gis_iraq_withdrawal_129150.htm

To risk the lives of more troops and Iraqi citizens for the messiah's own sake defies all decency and humanity.

You may not agree with all that the McPalin ticket proposes, but I offer you this as a Sen. Clinton supporter who will proudly vote for the GOP this year....Can we afford to diminish our national security and place our beloved country in the hands of a narcissistic despot? We do not need grandiose verbosity, we need patriotism. Obama must be stopped, NOW.

P.U.M.A aka Palin Usurps Media Aholes

Well friends, it's been awhile. The daily grind of our lives keeps bobbing and weaving whilst the nasty lil folks who inhabit the boxes in our homes keep emitting propaganda signals. After the faux acclamation at the Denver convention, I waited with the millions of "thinkers" in our fine land, for Sen. McCain's veep pick. To not be disillusioned after gag orders were placed on delegates prior to the actual roll call for Hillary, is to be infinitely stupid. I have convinced myself that my synapses fire just fine, so it can't only be me who was filled with revulsion whilst watching Hillary's lil face make her way through the delegate crowd to announce her delegate release. Intravenous venom is too kind a punishment for the corrupt party leaders who led my former party, the democraps, into the abyss. So, who would make headlines? After all, something has to ease the pain of 18 million pillaged voters.

And along came Sarah.

And along came Sarah-gate.

And the perpetrators are the left wing media Obama junkies who fear the maverick choice of a not so well known but very popular Governor of Alaska. Will she garner Hillary's swing votes? Dare I say, Hillary's P.U.M.A voters? Sure, we moderates do not necessarily ascribe to many of Gov. Palin's social stances, but in this time of economic crisis and constant threat of terrorism ( hey, I'm from NY.......don't tell me it's fear mongering), I'm not going to lose sleep over R vs. W, especially when a Dem congress will call the shots. Mind you, their approval rating reminds me of Mayor Guilani's after he married Dame Judy, but all in all, no one is overturning anything. Nice try, MSM. Have any more ammo?

So I reconcile myself to a Romney-less campaign, and come to think of it, does Sen. McCain really need an East Coast elitist? Hope and change ( gag) would require a veep to come out of a pool that has not been polluted. He found her. We waited with great anticipation for the speech that would launch a zillion votes. Babe Ruth pointed to the outfield and slammed a homer for a sick child, because he made a promise. Gov. Palin pointed to the camera with her face and slammed an unsuspecting and unsettling Obama, because she and Sen. McCain are making a promise to protect and defend our great nation. She broke the bat, she rounded the bases, and as she slid into home, the stadium cheered and cried with ebullient tears of relief. SHE IS THE ONE WE'VE BEEN WAITING FOR. Oh, sweet irony.
I will always worship my queen, Hillary of the Rodham Clintons. She has opened the door, awakened a country of sleepy women, and for that she will rise to heights only dreamed of. However, we cannot undo the wrongs, we can only revamp and punish those who committed the atrocities. This one's for you, our Hillary. We give you Gov. Sarah Palin, who found her way into the spotlight due to you leaving the light on for her, and so many others to come.
Take your smears. Sleep with your hatred of strong women. Face the facts.
We gave birth to you, and we're not going silently into that good night.
Yes, we've come a long way baby, but we've still got some miles to go.

Oh fearless Senator from NY, you raised the bar, and Sarah will follow your lead until we see you in your rightful home in 2012. You are our Eleanor Roosevelt, and for that, 51 percent of the U.S. population thanks you. With love.

Hiring The Perfect Tutor For Your Candidate

It has now been decided by the democrats that due to supply and demand, the American public must allow an unqualified candidate run for the highest office. Apparently, the logic behind this points to too few qualified contenders with a lackadaisical constituency willing to afford such a nominee, ON THE JOB TRAINING. We thank Sen. Obama for choosing the brilliant Sen. Biden as his running mate. We hear that Sen. Biden will be charging standard rates for home tutoring in economics, public policy, and legislative accomplishments 101. Testing scores will be evaluated at a future date.

DayGlo, Hippies, Mod, Carnaby Street- The 60's. MLK, Rosa Parks, Malcolm X, Racial Divide. We Relive This With "The One"

These days, amid mounting work and pressure, I find myself reflecting back to the era that brought enormous change in our country. My room was painted red, oh yes, red on every wall. Red carpet, red canopy atop my bed, a red, upholstered rocking chair. One black strobe light adorned a nearby desk, the first of my forays into the "coolness" of the next decade which brought me to Studio 54, The Limelight, and other such venues of debatable repute. Hey, it was de rigeur to be "hip", and in the 60's, I was too young to be hip, but I was keenly aware of the political and societal landscape surrounding me. Too old for my body, my soul had been here before. After school, the ritual played out daily, with my mom picking me up from school, a snack, a few moments to talk, then click: the familiarity of those television faces peered at us. Walter Cronkite was awash in black and white, and perhaps I could attribute my affinity for the journalistic sciences to him. When Walter spoke, we ALL listened.
"They were the best of times, they were the worst of times." That quote will always summarize the "60's for me. For every memory of silly sitcoms, head shops, incense, seeing a real hippie across the street ( oh, how I longed to be her), the British invasion, hukapoo shirts, driving with the family for Sunday outings, I will vividly recall the etching of hell that emblazoned my little tv. I was in the second grade when JFK rode into Dallas. Psychological trauma, to be sure. Caroline and John John, saluting daddy's flag draped casket. Racial tensions exploded in our cities. Martin Luther King, gunned down after predicting his fate on The Tonight Show. City projects were dens of rape, murder, and drug dealers. Watts. The pretty colors of psychedlic hues were smeared with the blood and violence of the civil rights movement. We were a nation divided. I was a child, confused. By the time I got a bit older, I was allowed to ride the NYC subways, but always with a stern warning concerning safety. Back then, New York was crime riddled and a haven for racial tensions. However, many of us lived in the nearby suburbs, and found it to be a treat to spend a day visiting the greatest city, ignoring the steaming undercurrents. Mayors came, mayors went, decades went by, and we all managed to heal.........or so we thought.
Some say ignorance is bliss. I used to tell a dear friend of mine, that I had wished to be born in a trailer, appreciating the merits of a keg of beer and some fireworks for the fourth. Didn't happen. My sense of social justice and enlightenment never leaves me, and boy do I want a vacation from it. The late 70's were purely hedonistic for me. Dare I say in a public forum? No, I'll pass. The 80's brought marriage, surge of career, extensive travel, inner turmoil, wanderlust, and the realization that the world around me affected me more than I would have liked. Enter the 90's. Offspring, suburban bliss, Saab and Volvo, the picture perfect snapshot. Everyone seemed happy in my little world of denial. No troops were being sent to war, economic hardship had not found me, and I played the Stepford role with a bitten lip. Inside, utter and complete turmoil. And yet, it seemed as if America had settled in for a good snooze. No assassinations ( perhaps an attempt or two), June Cleaver was put to bed, and I had no cognizance of racial tensions within our shores. Perhaps, it was a time of silence, after earlier turbulence, the success of the civil rights movement, affirmative action, and what I perceived to be, equality between the races.
Enter, "THE ONE." The unifer, the One who will end the divide amongst black and white, rich and poor, dumb and dumber. I don't know about you, but I have daily flashbacks to the 60's everyday. I flip the remote, and every single day and night, there before us are the very images that ignited riots decades before. The invoking of race, subliminally and overtly, has become a pasttime for Sen. Obama. Despite his claims to the contrary, the 2008 campaign is about race. I am going to be clear, because it is now tantamount to treason to deride "The One", but I assure you, my disdain is not about color. Give me a qualified and less fraudulent black, female, asian, native american, or alien candidate, and I would support that politician without question. To claim that race has no part in this election, is to ignore the FACT that over 90 percent of African Americans support Sen. Obama. Do we really believe that is due to his legislative accomplishments? And, why is the mainstream media now peppered with pundits never before known to the public, of African descent, who mostly worship the messiah? Am I a racist for acknowledging what many of us want to but don't? I am brave and disgusted, not racist. Why is it acceptable to deride a female candidate for President, tell her to iron shirts, stop wearing pantsuits, cease the phoniness of ONE watershed moment when she was human? In short, WHY IS IT ACCEPTABLE TO MOCK AND ABUSE A MOST ACCOMPLISHED FEMALE ,WHILST A NATIONAL DISGRACE WORTHY OF THE HAGUE, TO QUESTION THE LEADERSHIP, RISE TO POWER, AND ETHICS OF A BLACK MAN RUNNING FOR THE LEADER OF THE FREE WORLD?
I will not accept this. I will never forget this. We, the women of The United States of America, have found our "NEW" voice. SHE is Senator Hillary Rodham Clinton. Qualifed does not discriminate. It simply proves itself.

This following excerpt illustrates what is an increasingly growing discord , thanks to Sen. Obama's "call to arms."



1. Tom Brokaw Angrily Denies NBC Racism Charge
NBC’s “Meet the Press” interim moderator Tom Brokaw has responded sharply to a charge that the network is racist for hiring only white males to host the show.
The charge came from Scott Pellegrino in an article carried by CounterPunch, a mostly left-wing newsletter and Web site.
Pellegrino, a veteran talk-radio producer, pointed out that there have been nine permanent hosts of “Meet the Press” since 1953 — “all of them white and all of them male, as though the civil rights and women’s movements never happened.”
He then initiated an e-mail exchange with Brokaw, asking in his first e-mail to Brokaw’s assistant if the veteran newsman thought it would be “appropriate” for NBC to hire a person of color as the next “Meet the Press” host.
Brokaw responded in an e-mail disclosed by Pellegrino that he is “not in charge” of selecting the next permanent host following the death of Tim Russert. But he stated that there are many men and women “of all colors and backgrounds who are on the long list of possibilities.”
Pellegrino, president and CEO of PopDebate and CollegiateDebates — which tout themselves as “the Web’s premier portal for stimulating intellectual exchange among the globe's sharpest minds” — replied the same day. He said that while Brokaw is not in charge of picking the next host, he more than anyone else at NBC has the “gravitas” to influence the choice.
When Brokaw did not respond for six days, Pellegrino ratcheted up the vitriol in an e-mail with the subject line “Mr. Brokaw, very disappointed in your cowardly silence,” asking: “Where is your conscience? Is your life nothing more than an exclusive white-male country club?”
Brokaw angrily responded: “What kind of self-aggrandizing stunt is this?” He went out to document his long career reporting on issues of race and “advocating racial fairness and justice,” citing among other works a “prize-winning documentary called ‘Separate and Unequal’ about the economic and social consequences of the continuing racism in America.”
He called Pellegrino a “cheap shot columnist looking for an easy headline.”
In a later e-mail Brokaw wrote: “If I say publicly that NBC must choose an African-American as the new host and then NBC management decides on an African-American man or woman based entirely on merit, what do you think the reaction will be? Oh, he/she got the job simply because they’re black.”
In his next e-mail Pellegrino called NBC a “racist” media company, along with several other media entities he named.
At that point Steve Capus, president of NBC News, sent an e-mail to Pellegrino stating that “Tom has finishing communicating with you,” adding that Pellegrino is “more intent on pathetic cheap shots and deranged rants.”

I Called StubHub and All I Got Was An Obama Speech, Refund Please!

Testing, testing. Sound check. Up the amps.

It was a sunny day in Berlin, Germany (what a difference sixty years makes), and a throng of youthfully exhuberant frauleins and their weiners, err, boyfriends, gathered in the square for a bit of frolic and good times. You see, OR DO YOU?......who doesn't enjoy an outdoor rock concert, replete with food, BEER, and people gazing. I would have attended but Lufthansa wasn't having a summer sale.

But wait!

Vat iz dees? Vee hear ze muzic, vee dance, vy iz diz man clapping heez hands on ze stage, and speaking to us?

Iz dees ze President of ze Americas? Nein? But, but, vee came for ze rock concert, some schnitzel and bratwurst, and a Lowenbrau.

Ohhhhhh, he iz ze new Kennedy. Vell, zen I vill listen, but I vant my muzik!!!!!!!!!!!

reality......The above is a feeble attempt to re-enact a day in the life of an unsuspecting Berliner and concert-goer, who was subjected to the grandiose and high falutin' speech of the self proclaimed messiah. What the media, UNITED STATES OF AMERICA media, did NOT tell us folks, is that the speech heard 'round the world was actually preceded and billed as a rock concert. Now, you true blue PUMAs will recall this tactic before. Oh, let's see, remember Portland, Oregon? Chrissie Matthews swooning yet again over the turn out of 75,000 supposed O supporters? NO, NO, NO!

A very popular indie band, The Decemberists, was THE ACT, and the O'gasmic one was part of the bill. Get the picture? Our MSM is once again fabricating the truth!!!!!!!!! Journalism is a science, science holds no room for error, punditry is our new journalism. A plus B = ? To seek the truth, the intelligent political consumer must now spend scads of time, researching verifiable sources, hoping to find the true reporters' eyewitness acccounts. http://newsbusters.org/blogs/noel-sheppard/2008/07/24/will-media-report-concert-obamas-berlin-speech

Enjoy the read. The public was duped once again by our mass(ively deceptive) media.

This makes Sen. McCain's appearance in the cheese aisle seem rather sweet.

Hillary? I'm ready for our shopping trip for Denver. We are definitely going to need high boots.