Lies, Lies and more Democratic Lies
The Bear on Sep 17 2008 at 6:03 am | Filed under: Culture of Corruption, Economy
First LIE from Nancy Pelosi, the most partisan hack I have ever seen
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Pelosi: Dems bear no responsibility for economic crisis
House Speaker Nancy Pelosi, when asked Tuesday whether Democrats bear some of the responsibility regarding the current crisis on Wall Street, had a one-word answer: “No.”
Pelosi (D-Calif.) ripped President Bush’s “mismanagement” of the economy and a lack of regulation that led to the current situation.
“I think the American people have had it with this situation where the middle-income people in our country are not protected from the ramifications of the risk-taking and the greed of these financial institutions,” Pelosi told MSNBC.
When asked whether the Democrats “deserve some responsibility” regarding the economic crisis, Pelosi responded: “No.”
Second LIE from Obama Campaign
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CNN’s Crowley: Obama Team Wanted ‘Horrific’ Wall Street Headlines
On Monday’s “Anderson Cooper 360,” after CNN senior political analyst David Gergen said “what happened over the weekend with the economy and the bottom falling out of the financial markets…is the opportunity for Obama to seize the momentum back on his side,” Crowley actually said, “[J]ust as foreclosures were showing up on B-17, or in the real estate section, along comes this horrific headline out of Wall Street…I mean, this is what they wanted.”
And another LIE from The Chosen One himself
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Obama blames Wall St. crisis on Republican policy
Democratic presidential nominee Barack Obama said Monday the upheaval on Wall Street was “the most serious financial crisis since the Great Depression” and blamed it on policies that he said Republican rival John McCain supports.
FACT: September 11, 2003
New Agency Proposed to Oversee Freddie Mac and Fannie Mae
The Bush administration today recommended the most significant regulatory overhaul in the housing finance industry since the savings and loan crisis a decade ago.
Under the plan, disclosed at a Congressional hearing today, a new agency would be created within the Treasury Department to assume supervision of Fannie Mae and Freddie Mac, the government-sponsored companies that are the two largest players in the mortgage lending industry.
The new agency would have the authority, which now rests with Congress, to set one of the two capital-reserve requirements for the companies. It would exercise authority over any new lines of business. And it would determine whether the two are adequately managing the risks of their ballooning portfolios.
The plan is an acknowledgment by the administration that oversight of Fannie Mae and Freddie Mac — which together have issued more than $1.5 trillion in outstanding debt — is broken. A report by outside investigators in July concluded that Freddie Mac manipulated its accounting to mislead investors, and critics have said Fannie Mae does not adequately hedge against rising interest rates.
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”These two entities — Fannie Mae and Freddie Mac — are not facing any kind of financial crisis,” said Representative Barney Frank of Massachusetts, the ranking Democrat on the Financial Services Committee.
SideBear: John McCain supported the Bush plan while Obama was sitting in the Illinois Senate voting “present”.
One Response to “Lies, Lies and more Democratic Lies”
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A Democrat lies, and John McCain calls him a liar, and he responds:
a)Liar Liar Pants on Fire
b)He’s old and out of touch, that’s why he thinks I’m lying
c)You’re going negative, you hatemonger!
d)You racist PIG!
e)BushHitlerCheneyHaliburtonFailedIraqPolicy
Especially funny when the Bush and/or McCain policy would have kept this from being as bad, and the Dems voted against it, then said it was the policies that caused it. And ALL Dems at the head of the ships, too, my my, like THAT’s news.
I’m betting we won’t see Ms. Gorelick or any of the other slimeballs in charge prosecuted, like maybe anyone who got over a million, or anyone who got one of those bonuses, for starters?