There Is a Silver Lining

It's amazing that the left cries "it's only about the economy, character and judgment issues don't matter!"

I don't agree. That said, consider that while George Bush and John McCain were introducing legislation years ago to avert the incredible financial crisis we're in, democrats Barney Frank and Chris Dodd were busy blocking it.... And Obama? He was "busy" writing his second memoir!

- John McCain, in a 2005 Address to Congress:

"I join as a cosponsor of the Federal Housing Enterprise Regulatory Reform Act of 2005, S. 190, to underscore my support for quick passage of GSE regulatory reform legislation. 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.

I urge my colleagues to support swift action on this GSE reform legislation."

And Obama's economic package is based on 95 percent of Americans getting a tax cut. How is this possible when the Tax Foundation says 40 percent of Americans pay no tax?

If it's really about the economy, vote for McCain. He had the foresight and vision to try and stop the current mess we're in, and he has an understanding of who's taxes can actually be cut.

http://webutante07.blogspot.com/2008/09/john-mccain-saw-freddiefannie-crisis.html

Let me see if I've got this straight. All of the world's banks which lack money to lend are rescuing each other by giving each other enough money to lend so that we do not have to quit borrowing and spending. So, if I am a bank and have no money to lend, all I have to do is borrow from a bank in another country which also has no money to lend. The country with most of the United State's money, China, does not spend it, even though the U.S. government's policy is that spending a lot of money, whether you have any or not, leads to great prosperity. China saved and lives in prosperity. We spend and our prosperity leaks out in proportion to our spending.
But don't worry. Worldwide banks, all of whom are broke, will lend us what we need.

Let's see now.

Obama does not wear a flag pin because it does not represent 'true patriotism.'

Obama does not hold his hand over his heart during the National anthem.

Obama's campaign remakes the Presidential seal using his logo and slogan in Latin.

Obama takes the American flag off of his campaign plane.

Obama puts the Obama logo and 'President' on his first class leather chair in his new campaign plane.

Now the DNC puts the American flag upside down on its convention tickets.

Coincidence? I think not. Anti-war protestors typically carry or display the American flag upside down

The rules on display of the American flag are very specific, 'Section 8, The flag should never be displayed with the union down, except as a signal of dire distress in instances of extreme danger to life or property.'

Why would any American want to vote for this man??? Is there anyone out there stupid enough to admit that they back Obama, and that they believe in having an anti-America and anti-white president??

This link of a CSPAN video clip may help set the context, as these hearings were at the time of McCains attempt at S.190.

http://www.youtube.com/watch?v=_MGT_cSi7Rs

"Video Unearthed Democrats in their own words Covering up the Fannie Mae, Freddie Mac Scam that caused our Economic Crisis"

It's NOT a good thing for the US to be "playing by its own rules," economically, diplomatically, militarily, or politically. That's the thinking that got us to where we are today. It's time to play by everybody else's, established rules, and try to take on a more mature, responsible, and long-term world and domestic outlook.

At some point some of you will reach the ACCOUNTABILITY presence.
Bush did not give you credit cards to abuse and overspend. Bush did not send these cards in your mail for you to squander on materialistic things y ou could not afford.
Bush did not send an SUV to your door and twist your arm to buy the gas-guzzling vehicle that replaced the one you could afford and afford to run.
Bush did not give you a loan for a house that you knew when you applied for credit you could not afford, but took the money from the institution who allowed you to jeopardize your financial situation for the next 30 years.
Bush did not drive you to Wal-Mart three times this week to buy a big screen tv that you do not have a wall big enough to put it on.
Bush did not invite you to go on a vacation with your buddies as well as with your family later on in the year and put on your credit card, which you now cannot keep up the minimum payment on.
Bush did not do any of these things.
YOU DID!
YOU DID!
BLAME WHO IS RESPONSIBLE!
And now you want to ''hire'' Obama because he propels the idea that he and the Democratic Party will TAKE CARE OF THY BROTHER!
WHOSE BROTHER? Obama's brother? The same brother who lives in Kenya under a squalored bush?
TAKE THE BLAME, AMERICANS!
Do not ask for any HANDOUTS from YOUR government which is trying to save your backside now!

This financial fiasco has been entirely crafted by the Boomers, on Wall St., in government, in the Clinton and Bush White Houses, you name it. The most entitled and consequently reckless generation in American history--the worst generation rebelling against the greatest in their misspent youth--these people have left a trail of broken marriages, messed-up kids, and now foreign policy and economic ruin in their hapless wake. It's as if their whole lives, whether hippie or overextended, equally grasshopper, yuppie, have been lived in a drug-induced haze. They really have acted as if nothing serious could go wrong, as their marriages and families collapsed under the weight of their narcissism, and now their country has collapsed under it too--not to mention their own inadequate retirement savings. No wonder their Gen-X kids have nothing but disdain for their parents' Boomer generation, and can hardly wait to wipe them off the pages of history with a sober, competent, responsible, ADULT presidential candidate in Obama, who will wipe the slate clean after all the wreckage caused by the feckless carelessness, and shoddy stewardship of America of those twin Boomer loser presidents, Clinton and Bush.

It's all fine and good to point out the obvious fact that the U.S. has been pursuing an unsustainable policy of borrow and spend (the GOP's policy, as opposed to supposedly "liberal" tax and spend policies) ever since Reagan got into the White House. But in focusing exclusively on this deficit spending spree we've been on, government and citizens alike, you overlook entirely a major contributing factor to the crisis -- namely the impact moving higher paying manufacturing jobs overseas has had on the ability of Americans to save or to avoid going on a credit card binge. What you overlook is the fact that real wages in America have been declining (or at least flat-lining) for the better part of a decade, while at the same time corporations have moved more and more of their manufacturing activities offshore to take advantage of cheaper labor and lower regulation. To tell the truth, aside from foodstuffs, weapons systems and creative debt instruments, I'm not really sure what America produces anymore. Meanwhile, health care costs, energy costs, college tuition, and housing costs have soared. For many Americans, putting basic necessities on a credit card and carrying a balance is a rational response to a gloomy personal financial situation.

The problem is that lawmakers and regulators in Washington, DC -- and in many states -- found religion with Ronald Reagan and the GOP. The holy trinity of that religion is: (1) deregulation, usually coupled with privatization of public sector services and preemption of any state effort to chart a different course; (2) absolutely free trade (a la NAFTA, CAFTA and various other government incentives to move jobs offshore); and (3) unconstrained "borrow and spend" GOP fiscal policies (supposedly preferable to Democrats' purported "tax and spend" habits). When I say religion I mean it. As a state regulator who has fought against federal deregulation and preemption efforts, and interacted with members of Congress and their staffers on this issue, the foregoing three tenets are held just as firmly, and illogically, as any article of religious faith.

We may, it is to be hoped, get our financial system's house in order. But unless our government fundamentally reverses course on favoring the export of high-paying jobs overseas and subscribing to the disingenuous and evil notion that we can borrow indefinitely to pay for bloated defense budgets and boondoggle wars, we are not going to get out of the hole we''ve dug ourselves.