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What Caused Our Economic Crisis? Money For Nothing and Your Houses For Free (Repost)

This was first posted in September of 2008.

This video made it to the Mainstream Media.  New Media, the internet, and American citizens, are doing the legwork and investigative reporting so lacking in the Mainstream.

I’m not sure what version of the video this is, but what about this attempt to shut this video down?  More strong arm tactics?  That freedom of speech really does rub some people the wrong way.  And we sure don’t want them in the White House.  (Too late now)

ALERT 09/30 15:00 pm ET: YouTube has now taken down not only the first version of the Burning Down the House video produced by TheMouthPiece, but has also taken down versions 2 (9/27) and 3 (9/29).  The version directly below is now removed.

http://therealbarackobama.wordpress.com/2008/09/26/burning-down-the-house-what-caused-our-economic-crisis/

HERE’S THE NEW VERSION BELOW:

The current mess would never have occurred in the absence of ill-conceived federal policies. The federal government chartered Fannie Mae in 1938 and Freddie Mac in 1970; these two mortgage lending institutions are at the center of the crisis. The government implicitly promised these institutions that it would make good on their debts, so Fannie and Freddie took on huge amounts of excessive risk.

Worse, beginning in 1977 and even more in the 1990s and the early part of this century, Congress pushed mortgage lenders and Fannie/Freddie to expand subprime lending. The industry was happy to oblige, given the implicit promise of federal backing, and subprime lending soared.

This subprime lending was more than a minor relaxation of existing credit guidelines. This lending was a wholesale abandonment of reasonable lending practices in which borrowers with poor credit characteristics got mortgages they ere ill-equipped to handle.

http://www.cnn.com/2008/POLITICS/09/29/miron.bailout/index.html?iref=mpstoryview

Reposted:  02.27.09

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Filed under Barack Obama, Financial Crisis, Human Interest, life, Media, politics, President Barack Obama, Uncategorized

And Where Was the Press? Using Their “Instinct”

This you have got to see.  Joe Scarborough lays it out — finally — and good for him.  The MSM did not do their job.  That’s what many, many have been saying all along.  Watch Mika’s face.  See the video @ http://sarah-palin-2012.blogspot.com/2008/12/media-dropped-ball.html

Joe says the following on this tape:

“If Sarah Palin had run Ted Stevens’s campaign in 2002, and somebody had bragged about it in the New Yorker, the press would have savaged her.”

“I’m convicting the press because they didn’t investigate this past summer, when they were sending all those people to Wasilla, a town of 9,000, they should have been going to Chicagoland.”

“To look at the background of a candidate who had only been in national politics for one year before he decided to run for president of the United States, and was born from the most corrupt political city in America.  Do you not think, do we not think, that warranted an investigation? Not to suggest he did anything wrong, but to see what his background was?”

“But we sit here now, it’s almost Christmas, and we don’t know the truth about it. We don’t know the truth about any of this, because we haven’t done the investigative work.”

So was Barack Obama intimately involved in the campaign of Rod Blagojevich? Rahm Emanuel says he was.

But, wait, Mike Barnicle jumps in to ‘splain it:

SCARBOROUGH:  You don’t know Obama.  You can’t even tell me whether he ran the 2002 campaign of the most corrupt governor in America.

BARNICLE:  I can tell you this much: he was a state senator then, and he ran that campaign about as much as I did.

SCARBOROUGH:  Oh really?  How do you know that?

BARNICLE:  Just instinct.

Unbelievable.

Posted:  12.17.08

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Filed under Barack Obama, crime, law and order, Media, politics, Uncategorized

Blagobama?

“I had no contact with the governor or his office so we were — I was not aware of what was happening. As I said it’s a sad day for Illinois. Beyond that I don’t think it’s appropriate for me to comment.”  Obama

When Obama said yesterday that he had “no contact” with Blagojevich, I’m sure he didn’t  really mean no contact to include shaking hands, that type of thing.  This picture is from last week’s governors conference.

Obama

“I want money,” says  Blagojevich  🙂

Posted:  12.10.08

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Filed under Barack Obama, crime, politics, President Elect Barack Obama, Uncategorized

Sing a Song of Obama

Our Dear Leader

These videos tell a story.  This is about the kind of Change. Happiness. Hope that I can do without.  I’d rather be sad, I’d rather be hungry.  “Yes, We Can?”  Oh, no. we. won’t!

https://bellalu0.wordpress.com/2008/09/29/obama-seeks-to-silence-ad-tying-him-to-radical-william-ayers/

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Filed under Barack Obama, Jeremiah Wright, Music, patriotism, politics, Uncategorized

Obama’s Spiritual Guide, Father Pfleger, Speaks Out

We have heard from Jeremiah Wright, but listen to THIS from Father Michael Pfleger, one of Obama’s three spiritual mentors.  In a 2004 interview, Out of his OWN MOUTH, Barack Obama named Jeremiah Wright, Michael Pfleger, and James Meeks as his spiritual advisers.  From that 2004 interview with the Chicago Sun-Times:   “Friends and advisers, such as the Rev. Michael Pfleger, pastor of St. Sabina Roman Catholic Church in the Auburn- Gresham community on the South Side, who has known Obama for the better part of 20 years, help him keep that compass set, he says.”  http://www.suntimes.com/news/falsani/726619,obamafalsani040504.article

You can’t miss the cheering from the congregation.

Nation of Islam leader, Louis Farrakhan and Father Michael Pfleger embrace recently before Farrakhan speaks at Pfleger’s church in Chicago.

Posted:  07.19.08  Reposted:  10.05.08

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Filed under Church, Jeremiah Wright, life, Michael Pfleger, patriotism, politics, Uncategorized

Speak the Truth to Power, Sarah!

People in the media and otherwise have a lot of nerve and arrogance.  Just so much smugness and snobbery.  And Katie Couric and Charlie Gibson are at the top of my list.  Just who do they think they are anyway?

Lou Dobbs was interviewed by Imus this morning on Imus in the Morning and Mr. Dobbs said Sarah Palin should tell her handlers to go to hell, and tell John McCain, if necessary, to go to hell, and a few news anchors to go to hell and she would find that to be extremely liberating.  I couldn’t agree more.

Because we don’t want another lying, velvet-tongued politician to speak to us.  We’ve had plenty of that, especially during the all out scam that has been perpetrated on the American people with regard to this financial crisis.

Now, what would make anyone think we would believe a single solitary thing any of them said?  They are proven liars.  And when they say we absolutely need to do this bailout, I think probably not.  Probably trying to cover up something, make it easier on themselves.  It is for sure none of them have anything to brag about because if this country goes down the drain over this crisis, it will be directly caused by our very own government.  And I mean both parties.  And they have no shame whatsoever.  I really think there should be resignations, impeachments, grand juries, and/or all of the above.

I heard Representative Arthur Davis today take some responsibility for what has happened, and I’ll tell you I think, what a guy.  Someone who is man enough to keep from blaming everybody else before taking some responsibility himself.  He is one of the speakers on the video of players who were in the 2004 meeting, “Shocking Video…..” that I put up in another post.

Someone else said today that we have lived it up and partied for the past five years and now we have to suffer the hangover.  Well, that shows just how out of touch they are.  Because many Americans have not been greedy, have not overspent, have not over-borrowed, and that is one of the reasons why it is not going to sell.  We didn’t get to go to the party in the first place.

So, Sarah, you are my candidate, my hope for the future.  I want to hear some truth for a change so, you go, girl, and you give ’em hell tomorrow night!  We have your back.

Posted:  10.01.08

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Filed under John McCain, Media, politics, Uncategorized

Sean Hannity to Replace Gwen Ifill

And if he can’t make, Bill O’Reilly or Rush Limbaugh will take over.

Kidding, of course.  But we are going to have Gwen Ifill moderate the Vice Presidential Debate on Thursday night, the same Gwen Ifill who has written a book, “Breakthrough, Politics and Race in the Age of Obama” to be released in January,2009, and has expressed her opinion more than once, as she did after Sarah Palin’s speech at the Republican Convention, barely disguising her disgust. (video below)

But as many are insisting this morning that Ifill will be impartial and fair to Palin, I am sure they wouldn’t be the least bit worried if this scenario were true and Sean Hannity would replace Ifill and moderate the debate.  As Bob Schrum said this morning, “Well, let’s just wait until after the debate and see how she does.”  Okay.

I’m sure she will be fair.  I’m positive Sean Hannity would be fair, but we could wait and see how he does.

Posted:  10.01.08

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Filed under Barack Obama, Media, politics, Sarah Palin, Uncategorized