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.

1. […] Texas Rainmaker, who advises we “throw the bums out”) Posted by Jeff G. @ 5:04 pm | Trackback SHARETHIS.addEntry({ title: “Congressional Democrats: Ain’t nothing wrong withFrannie and Freddie”, url: “http://proteinwisdom.com/?p=13329″ });   […]

   Pingback by Congressional Democrats: Ain’t nothing wrong with Frannie and Freddie — 5:13 pm
   

2. […] Throw The Bums Out ARTICLEURL digg_bgcolor = ‘#ffffff’; digg_skin = ‘compact’; digg_window = ‘new’; farkItButton(”Your headline goes here”, “http://your-url-goes-here/”, “80×20″); var disqus_url = ‘http://www.dequalss.com/wp/2008/09/democrats-in-their-own-words/ ‘; var disqus_title = ‘Democrats In Their Own Words’; var disqus_message = ‘Covering up the Fannie Mae, Freddie Mac Scam that caused our Economic Crisis Still think the financial mess is the fault of republicans? Via Naked Emperor News Read also: Congressional Democrats: Ain’t nothing wrong with Frannie and Freddie Throw The Bums Out’; View the entire comment thread. - […]

   Pingback by Democrats In Their Own Words | Democrat=Socialist — 8:02 pm
   

3. […] Pilloried by Democrats, pooh-poohing the suggestion that there’s any problem.  What, me worried? Posted by Dan Collins @ 12:05 pm | Trackback Share This […]

   Pingback by Regulator Concerned About Fannie, Freddie in 2004 — 6:05 am
   

4. […] Deal…, or No Deal? Apparently Democrat and Republican legislative negotiators have reached an agreement to bail out fiduciary malfeasance [of huge proportions] in a sector that was supposed to be under government scrutiny.  This smacks of, “I screwed up; you pay!”  Literally, we the taxpayers are going to pay for the ‘errors’ of our elected officials and financial leaders.  (Boy, that’s a hollow term these days; “elected <i><b>officials</b></i>.”)  For some detailed background research blogging, see: “Throw The Bums Out,” “How Democrat Policies Got Us Into This Mess,” and “Tracing The Roots of the Mortgage Meltdown…” all over at ‘Texas Rainmaker.’ […]

   Pingback by Deal…, or No Deal? « Old Soldier — 6:11 am
   

5. […] In 2005, Republicans were introducing legislation to regulate Fannie Mae and Freddie Mac and warning of an impending crisis while Democrats were simultaneously claiming there was no impending crisis and receiving large financial contributions from Fannie Mae and Freddie Mac. During that time, the interim CEO of Fannie Mae spoke to the Congressional Black Caucus calling them “family” and the “conscience of Fannie Mae”… […]

   Pingback by Texas Rainmaker » 2005: Fannie Mae CEO Calls Obama, Democrats “Family” and “Conscience of Fannie Mae” — 2:27 pm
   

6. […] Barney Frank, Chairman of the House Financial Services Committee, who’s boyfriend was a Fannie Mae executive that stood to gain from laws passed by Frank’s committee, and who looked the other way when Republicans were trying to investigate and regulate Fannie Mae/Freddie Mac, the organizations behind the economic collapse, is now suggesting that we need to take more money from hard-working Americans and push the bailout plan he’s partly responsible for to $1 trillion. […]

   Pingback by Texas Rainmaker » Barney Frank Supports Spreading The Wealth — 7:08 am
   

7. […] Then there’s Barney Frank, one of the perpetrators of the financial meltdown, who is saying that the unprecedented $700 billion bailout package was just the tip of the Democrat iceberg that they plan to ram into the bow of the American economy. He supports Obama’s plan to spread your wealth to others. And he says that if Republicans in the House don’t get on board in the next few months, they’ll just wait ‘em out and launch an even bigger spending spree on the American public when they take full control of the government in January. […]

   Pingback by Texas Rainmaker » Democrat Majority: Increase Taxes, Slash Military — 11:47 am
   

8. […] Aside from the Democrats who controlled the Banking and Finance committees in Congress (and those who illegally got sweetheart loans), who was part of Obama’s political inner circle? James A. Johnson and Franklin D. Raines, former chief executives of Fannie Mae. […]

   Pingback by Texas Rainmaker » A Series of Unfortunate Coincidences — 1:45 pm
   

9. […] Originally Posted by The Crook  Yeah, I pretty much have no idea what you’re talking about. Right and that’s why I’ve called you apparently uninformed. Do you have a news link that provides context? Still, it doesn’t prove anything. Republicans would never have supported a bill that called for increased regulation of the financial industry. Not in a million years. sununusenate.gov Here are some hearings from 2004 in which several prominent Republicans are calling for regulatory oversight of Mae and Mac and getting lambasted by Democrat opposition; predicting the future of tax-payer bailouts Finger-pointing? Correction; shameless finger-pointing. Yeah. It’s called taking (or determining) responsibility. If you read my post, you would’ve seen where I implicated both sides of the aisle and have consistently done so. I take issue with the partisan shilling that attempts to claim only Republicans are culpable for this mess when there are a wealth of players from both sides involved. That’s what is called taking responsibility. What you’re doing is entirely different and stems from being woefully uninformed. But Republicans aren’t that interested in governing anything, so of course they don’t want to be blamed for their ineptitude. Of course I haven’t a clue what you’re talking about now. You guys believe in "personal responsibility" except when it comes to taking responsibility for governing anything. "You guys"? "Personal responsibility"? This is exactly the kind of partisan nonsense I’m talking about. You’ve been hoodwinked by the finger-pointing and have forgotten that you and I are on the same side here. What I’m talking about is a government in general that has been unresponsive to you as the constituent regardless of party affiliation. I’m telling you a great deal of Democrats (as well as Republicans) are behind the market failure for which you and I are expected to pay. As far as "taking responsibility", it is apparent that one Republican in this debate is implicating both sides and one Democrat is suggesting it lies solely at the feet of Republicans. Is that indicative of what "you guys" do? Also, ebuddy, there is a difference between partisanship and divisiveness. I am a partisan of Democratic initiatives because those policies best represent my views. Similarly, I do not support Republican initiatives because they do not represent my views. And for the record, I’d say I do good job of keeping abreast of those differences, your characterization of my being "uninformed" notwithstanding. Your posts suggest otherwise. Now, Democrats both in the campaign and in their policies stray from divisiveness. For Republicans, it’s their entire platform (just ask Rove, Roger Stone, Pat Buchanan, Atwater, the Ghost of Nixon, etc). If you’re really as concerned about divisiveness as you represent, then I think it’s pretty clear who you should be voting for: Democratic politicians. I have voted for Democratic politicians. I am not so rigid in my views that I’d say something like; "I’ll never vote Republican" as you have. This shows a degree of immovable partisanship that does not allow for informed decision-making, it does not allow for "policies that best represent you". In fact there is no ideology behind it at all, only an (R) or a (D). See, you might be placed in a position of having to choose between a moderate-liberal Republican and a moderate-conservative Democrat. When you say with regard to voting Republican; "never gonna happen", it is clear to me that you’d happily abandon any notions of ideological integrity for a party preference. This is blind partisanship. You think the Democrats were somehow afraid of partisan, divisive rhetoric? Hell, look at what Obama’s running mate had to say about Obama during the primaries. Accusations of drug use, the whole "Muslim" scare tactic, etc… please, the Republicans didn’t have to say a friggin’ word. What Rove, Roger Stone, Atwater, et. al established is that if you want to ball it up with Democrats, you better be ready to manipulate demographics to your advantage and play rough. McCain’s abysmal campaign and subsequent failure proved it. […]

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