I Guess You'll Never Get A Straight Answer From Barney

Verum Serum and Hot Air have both caught Barney Frank lying through his liberal teeth.

Barney is now trying to convince the world (or maybe himself) that he alone was the voice of reason when the evil Republicans pushed through the subprime mortgages, resulting in people “being pushed” into buying houses they could not afford.

Of course, everyone with any sense or ability to read (and now to watch on video) knows that it was the Democrats under Carter who began this economic timebomb. It was the Democrats under Clinton who expanded it tremendously and hastened the coming of the downfall.

Everyone can watch the video of Barney himself in 2005 promoting the housing for the can’t-afford-it crowd at the two sites, coupled with the video of him this past weekend pretending it was Republicans who thought up the entire idea.

Something You Can Do About The Financial Situation

Congress is currently debating using hundreds of billions of our money to fix problems that they caused. Most of what they are planning on doing will not fix anything, it simply will throw more money at the problems.

Ask yourself, how did a three page emergency bailout bill become a 450 page behemoth? Everybody who touched it loaded their own giveaways onto it, of course. Do you think the senators who passed it last night have read all 450 pages? Do they know where they just agreed to spend our money?

Here's something you can do. Visit this link and read what Dave Ramsey has to say about the situation. Then, take action.

Remember, socialism is not the answer to fix runaway taxing and spending. When regulations change capitalism and force companies to make bad decisions based on feel-good wishes, eventually the bad decisions hit home. The answer is not to enforce even more regulations.

Mandatory Viewing

You have to watch this video. This is absolutely stunning. Someone has gathered all the available information on the financial crisis and wrapped it up in one neat, tiny bundle. Pictures of headlines supported by timelines and other data. All placed in such a simple package that almost anyone can understand it. Kudos on the work.

If you can watch this and still insist that Republicans, and only Republicans, are to blame for the current state of the financial mess, then you are either blinded by party loyalty, stumped by ignorance, or just plain lying. I don't know of any other way to say it.

Watch the video. Then tell me you still believe what Dodd, Frank, Pelosi and Obama have to say about financial markets.

UPDATE - youtube has taken down the video (twice) after complaints (gee, imagine that - Obama supporters using force and intimidation to silence critics). However, the author of the video has posted a new video that shows a lot of the same things.

Update on Financial News

Who can afford $28,500 per plate for dinner during this financial crisis? Oh yeah, that's right - Obama celebrity worshippers. Maybe things aren't as bad as we hear.

Obama is getting a bump from all the bad financial news. Those who are providing the bump are obviously oblivious to the facts, such as the responsibility for the current crisis with Fannie Mae and Freddie Mac lie squarely at the feet of democrats. It was democrats who pushed for lower standards in housing loan requirements, opening the door for poorly-advised loans that were not going to be repaid. It was Clinton who signed the Community Reinvestment Act. It was Democrats who stopped passage of the bill McCain sponsored in 2006. This was when McCain warned of the dangers posed by Fannie Mae and Freddie Mac making ill-advised loans and executives allowed to cook books.

Perhaps if the MSM were honest, and presented the facts instead of their opinions disguised as news while feigning shock at being accused of bias, maybe some of those who form their opinions based on ten second soundbites would realize who is actually responsible for the current financial news.

About this financial crisis

Things have happened this week that shed a large light on Obama and his associations. Or, rather, it would...if the MSM would bother to report on anything detrimental to the chosen one.

Let's look at some of the facts. McCain came out in 2006 sponsoring a bill to regulate Fannie Mae, noting accounting scandals that artificially reported earnings and losses in order to trigger huge bonuses for executives. He warned that if left alone, Fannie Mae could

Read carefully this quote from Sen. McCain.

"For years I have been concerned about the regulatory structure that governs Fannie Mae and Freddie Mac--known as Government-sponsored entities or GSEs--and the sheer magnitude of these companies and the role they play in the housing market. OFHEO's report this week does nothing to ease these concerns. In fact, the report does quite the contrary. OFHEO's report solidifies my view that the GSEs need to be reformed without delay.

"If Congress does not act, American taxpayers will continue to be exposed to the enormous risk that Fannie Mae and Freddie Mac pose to the housing market, the overall financial system, and the economy as a whole."

Think he knew what he was talking about? This was in 2006!

Next point - Who were some of the prime beneficiaries of the huge bonuses that were triggered by these cooked books? Okay, there was Jim Johnson, a former ally of the Clintons who was on Obama's VP search committee. And there was Jamie Gorelick - remember her from the Wall of Secrecy fame? Let's not forget Franklin Raines, who has been a financial advisor to Obama. They got millions of dollars and now the taxpayers are footing the bill. Another person wrapped up in the financial mess is Obama confidante and Finance Chair Penny Pritzker.

Maybe this all helps explain how Obama is second on the list of those in congress who received the most money from Fannie Mae for a ten year period, despite his only being in congress for less than three years of that time.

Let's see how the MSM treats any of this. Please, don't hold your breath waiting for any of the talking heads to even mention any of this, however. It would not be good for your health.