Listen to this 2004 hearing to investigate the shenanigans going on at Fannie Mae and Freddie Mac as indignant Congressional Democrats repeat the notion that there’s nothing wrong, there’s no impending crisis, everything’s fine. They even have the audacity to attack the regulator who’s warning them about the potential financial crisis.
Of course, they had to say that. Democrats are the reason we’re in this fiasco today (even as their empty suit of a candidate claims the Democrat-induced meltdown is “a final verdict on eight years of failed economic policies promoted by George Bush”). They passed legislation designed to force banks into giving loans to folks who couldn’t repay them so they could pat themselves on the back and tout low-income and minority home ownership statistics. For the record, the Bush Administration tried to overhaul it in 2003, so did the Republicans in Congress in 2005. But Democrats opposed those measures. It’s all part of the socialist state design. Take from the producers and give to the non-producers. Redistribute wealth.
And they’re about to do it again with this monstrosity of a “bailout” bill. They’re going to force you and I to pony up $700 billion to clean up the mess they created. Those who defaulted on their loans and the executives like Obama’s Economic Advisor Franklin Raines (former CEO of Fannie Mae) and Obama’s VP Search Team Lead, Jim Johnson (former Chairman of Fannie Mae) and many others who received tons of money from this epic scam will walk away wealthy and without remorse…. and you and I, because we work hard, are financially responsible and pay our bills on time will be saddled with yet another government invoice.
Watch this video, send it everyone you know. Let them see how Democrats were acting when Republicans tried to head off this financial quagmire. Let the public see how corrupt, incompetent and criminal the Democrats are. Let them see just who is responsible for this financial disaster.
Hell, just look at the bailout bill, itself and you’ll see how brazen the scum-sucking Democrats are. They’re including a provision that requires Treasury to divert 20% of all profits away from taxpayers and towards left-wing advocacy groups like the election fraud promoting ACORN.
So Democrats have used groups like ACORN to commit voter fraud in elections all over the country. Once in power, Democrats have passed legislation forcing private businesses to take on risky loans so they can tout “affordable housing” statistics for their low-income and minority constituents. Then when the biggest financial crisis of our time hits because of their socialist policies, they first ignore it, then get indignant at regulators calling them on their scam, then blame Republicans for causing the problems. When the financial crisis reaches a boiling point, they ask responsible, hard-working Americans to pony up hundreds of billions of dollars and divert some of it to their fraud-committing, community-organizing groups.
And the circle of Democrat life is complete.
Throw them all out. Now.