Member Comments

• Posted By: Nowforthetruth @ 10/23/2008 7:35:19 PM

  Comment: Obama in this video, addressing his work with ACORN litigation relating to the community reinvestment act and the failure of Freddie Mac and Fannie Mae, as they relate to the current real estate and financial crisis, states that, and I quote:
  
  "Subprime lending started out as a good idea, helping Americans buy homes who previously could not afford to. Financial institutions created new financial instruments that could securitize these loans, slice them into finer and finer risk categories, and spread them out among investors and around the country, as well as around the world. In theory, this should have allowed mortgage lending to be less risky, and more diversified."
  
  He further states:
  
  "The original idea was a good one, which was, lets see if we can distribute risk more broadly, and make it easier to provide loans to people who otherwise might not be able to get one."
  
  Listen for yourself. You cannot dispute the mans on words recorded live:
  
  http://www.youtube.com/watch?v=Lr1M1T2Y314&feature=related
  
  Obama in this second video is campaigning at a convention of Acorn and I believe two other "Community Activist" organizations. Ask if he will be their ally if he becomes President, Obama says, quote:
  
  "Yes, but let me say that before I even get inaugurated, during the transition we are going to be calling all of you in to help us shape the agenda. We're going to be having meetings all across the country with community organizations so that you have input into the agenda for the next presidency of the United States of America."
  
  See and hear it for yourself. Obama promised that Acorn and other groups like it will setting his agenda if elected:
  
  http://www.youtube.com/watch?v=8vJcVgJhNaU
  See also: http://www.newsweek.com/id/164972
  Stating that Gramm-Leach-Bliley Act wasn't what caused the meltdown, and noting that "economists on both sides of the political spectrum have suggested that the act has probably made the crisis less severe than it might otherwise have been."
  See also:
  http://boards.msn.com/MSNBCboards/thread.aspx?threadid=808692&boardsparam=Page%3d2
  
  Below is a link to C-SPAN video clips of the Congressional hearings at roughly the time McCains attempt at S.190. to fix Fannie and Freddie. See for yourself who said what.
  
  http://www.youtube.com/watch?v=_MGT_cSi7Rs
  See also
  http://www.newsweek.com/id/164732 from this web site. (oops!) stating that Freddie Mac was spending tax payer money to target Republicans in 2005 who were trying to regulate Fannie and Freddies fraud. Democrats were not targeted, as the were all in the tank with Fannie and Freddie to kill the regulations. Hear that, the article admits that Republicans were trying to regulate Freddie and Fannie, and Democrats were trying to stop it from happening as a means to facilitate the Community Reinvestment Act.
  
  

• Posted By: VOTENOW @ 10/22/2008 4:46:06 PM

  Comment: THE GREAT BUSH DEPRESSION
  I follow an economist named Bob Proctor. He has called the top and bottom of every market crash since the 70s correctly.
  He perfectly predicted the current meltdown and the picture he paints about what will happen next
  is terrifying.He thinks it will be worse then the great depression.
  The banks in the U.S. are going under one after the other. Countrywide ,Bear Stearns, Lehman Brothers and Merrill Lynch , Fanny and Freddy Mae ,AIG
  The government took them over because they are bankrupt. Even with the goverment nationalizing hundreds of billions of dollars in debt the stock market is crashing
  the credit markets are frozen and all of us may suffer beyond anything seen in generations
  McCain just like Bush " doesn't understand the economy".
  That not just my opinion its his own words. Not only does he not understand how to fix it but he does not understand how its been broken.
  It is no surprise that he doesn't. The people that make up these securities use quantum mathematical models very few people understand.
  Bush and McCain both can take the credit for this mess since they helped deregulate the laws that were protecting us.
  Bush's economic advisor Phil Graham wrote the deregulation bill that allowed banks to take huge risks with all of our future.
  Now, Phil Graham is the head of McCain's economic policy.He is also McCain's choice for the next secretary of the treasury.
  No one in this country can afford for that to happen. The last time Bush met with his economic advisors was in March. He was the last to know somthing was wrong. Phil Graham had the guts to say that we are in a mental recession after he helped create the worst economy meltdown in our lifetime. Check out this link to the truth http://my.barackobama.com/keatingvideo
  It will take the best and brightest minds in the world to get us out of this nightmare. As bad as Bush has done, McCain would be
  even more destructive because things are in much worse shape. The next president will not inherit a budget surplus like Bush did but a crashing economy and a 11,600,000,000,000 (trillion) dollars deficit. Most of it Bush created and it will take decades to pay it back.
  If you do what you have always done then you will get what you have always got.
  When it comes to policy Bush and McCain are the same 90 percent of the time.
  So why are the polls even close then ?
  Mccains team just said they no longer want to talk about the economy.Instead they would like to spend time talking about obama
  which means running the biggest smear campaign in history.
  They think they can just tell you lies and you wont be smart enough to see through it
  Let's teach him we are smarter than that
  Stand up and hold them accountable
  Bush isn't on the ballot this year but his policies are
  Elect Obama Biden 2008
  
  
  
  
  
  
  Check out this video of sarah palins interview and ask your self if she understands what she is talking about.
  http://www.youtube.com/watch?v=r36Xc0GG4iQ
  
  

• Posted By: VOTENOW @ 10/22/2008 4:45:47 PM

  Comment: THE GREAT BUSH DEPRESSION
  I follow an economist named Bob Proctor. He has called the top and bottom of every market crash since the 70s correctly.
  He perfectly predicted the current meltdown and the picture he paints about what will happen next
  is terrifying.He thinks it will be worse then the great depression.
  The banks in the U.S. are going under one after the other. Countrywide ,Bear Stearns, Lehman Brothers and Merrill Lynch , Fanny and Freddy Mae ,AIG
  The government took them over because they are bankrupt. Even with the goverment nationalizing hundreds of billions of dollars in debt the stock market is crashing
  the credit markets are frozen and all of us may suffer beyond anything seen in generations
  McCain just like Bush " doesn't understand the economy".
  That not just my opinion its his own words. Not only does he not understand how to fix it but he does not understand how its been broken.
  It is no surprise that he doesn't. The people that make up these securities use quantum mathematical models very few people understand.
  Bush and McCain both can take the credit for this mess since they helped deregulate the laws that were protecting us.
  Bush's economic advisor Phil Graham wrote the deregulation bill that allowed banks to take huge risks with all of our future.
  Now, Phil Graham is the head of McCain's economic policy.He is also McCain's choice for the next secretary of the treasury.
  No one in this country can afford for that to happen. The last time Bush met with his economic advisors was in March. He was the last to know somthing was wrong. Phil Graham had the guts to say that we are in a mental recession after he helped create the worst economy meltdown in our lifetime. Check out this link to the truth http://my.barackobama.com/keatingvideo
  It will take the best and brightest minds in the world to get us out of this nightmare. As bad as Bush has done, McCain would be
  even more destructive because things are in much worse shape. The next president will not inherit a budget surplus like Bush did but a crashing economy and a 11,600,000,000,000 (trillion) dollars deficit. Most of it Bush created and it will take decades to pay it back.
  If you do what you have always done then you will get what you have always got.
  When it comes to policy Bush and McCain are the same 90 percent of the time.
  So why are the polls even close then ?
  Mccains team just said they no longer want to talk about the economy.Instead they would like to spend time talking about obama
  which means running the biggest smear campaign in history.
  They think they can just tell you lies and you wont be smart enough to see through it
  Let's teach him we are smarter than that
  Stand up and hold them accountable
  Bush isn't on the ballot this year but his policies are
  Elect Obama Biden 2008
  
  
  
  
  
  
  Check out this video of sarah palins interview and ask your self if she understands what she is talking about.
  http://www.youtube.com/watch?v=r36Xc0GG4iQ