TO THE UNDECIDED VOTER AND ALL OBAMA SUPPORTERS:
I would simply ask you to read three short NY Times Articles. I believe even Obama supporters will accept the NY Times as at least a "neutral" source. Please provide your best rebuttal to these - I am sure we would all be interested.
Read this article from September 30, 1999: (predicting current mortgage crisis - 1 year before Bush was elected.)
http://query.nytimes.com/gst/fullpage.html?res=9C0DE7DB153EF933A0575AC0A96F958260&sec=&spon=&pagewanted=1
2nd Article from September 11, 2003:
http://query.nytimes.com/gst/fullpage.html?res=9E06E3D6123BF932A2575AC0A9659C8B63
3rd Article from April 19, 2008:
http://www.nytimes.com/2008/04/19/business/19fannie.html?_r=1&oref=slogin
The media has done their job quite well covering for the Obama campaign - and quite frankly McCain spent too much time trying to be a "statesman" on this issue instead of simply giving the country the straight talk - and the straight talk is that well intentioned but very poorly executed Democratic social engineering plans - implemented by Bill Clinton and Franklin Raines, and protected from scrutiny until it was too late by Barney Frank caused our current financial crisis - the impact of which dwarfs any "mistakes" made during the last 8 years. I think what people seem to forget is that not every bad decision has an immediate effect. Sometimes you can light a fuse on a problem - like the mortgage crisis, and it takes years - say until something like the next economic downturn - or a spike in gasoline prices - to cause the explosion. That is exactly what has happened with the lowered credit standards mortgage programs put in place during the 1990's, and pushed far into this decade by Clinton appointee Franklin Raines.
In their zeal to help marginal credit borrowers get home loans, the Democrats pushed programs that ended up endangering our entire economy. Everyone who has seen their 401-k take a beating, or who is worried about their home value because of multiple marginal credit loans being foreclosed around them needs to learn the truth and vote accordingly. Electing Obama will put many of the very same people into position to make these same bad policy decisions all over again.









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