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Its funny how the Democratic party is blaming the Bush administration.
Obama and the Democratic Party pushed bills and laws that made the banking industries weak back in the Clinton years.
Republicans tried to fix this problem but could not becuase the democratic party refused to help.
Now with in 40 days of the biggest election the USA has, every ones pissed that someone took the NEST EGGS that they worked so hard for.
(dirty nasty scum bags )
Now all Obama has to do to win the election is blame bush...its a ez plain.
Four years from now, when nothing works out, you will hear Obama blame it on the Bush administration again.
Like the idiots you where for voting OBAMA, you will again vote Obama because he will tell you he failed becuase of the Bush administration.
All you have to do is look at this list to see why Obama shouldn't be president....
Top Recipients of Fannie Mae and Freddie Mac
Campaign Contributions, 1989-2008
Name Office Party/State Total
1. Dodd, Christopher J S D-CT $133,900
2. Kerry, John S D-MA $111,000
3. Obama, Barack S D-IL $105,849
4. Clinton, Hillary S D-NY $75,550
5. Kanjorski, Paul E H D-PA $65,500
6. Bennett, Robert F S R-UT $61,499
7. Johnson, Tim S D-SD $61,000
8. Conrad, Kent S D-ND $58,991
9. Davis, Tom H R-VA $55,499
10. Bond, Christopher S 'Kit' S R-MO $55,400
11. Bachus, Spencer H R-AL $55,300
12. Shelby, Richard C S R-AL $55,000
13. Emanuel, Rahm H D-IL $51,750
14. Reed, Jack S D-RI $50,750
15. Carper, Tom S D-DE $44,389
16. Frank, Barney H D-MA $40,100
17. Maloney, Carolyn B H D-NY $38,750
18. Bean, Melissa H D-IL $37,249
19. Blunt, Roy H R-MO $36,500
20. Pryce, Deborah H R-OH $34,750
21. Miller, Gary H R-CA $33,000
22. Pelosi, Nancy H D-CA $32,750
23. Reynolds, Tom H R-NY $32,700
24. Hoyer, Steny H H D-MD $30,500
25. Hooley, Darlene H D-OR $28,750
Includes contributions from PACs and individuals.
2008 cycle totals based on data downloaded from the
Federal Election Commission on June 30, 2008.
Yes, let's forget about the past 8 years of chances we've had.
Includes contributions from PACs and individuals.Originally Posted by bd77
That includes all the employees and associated parties...this is thousands of people. If we take the same chart with lobbying and top positions in the companies, McCain beats Obama $10 to $1 at both Freddie and Fannie
Good eye Rich, I didn't catch that last line
MarketNews,org GreenEurope,net AccountExecutive,org OnlineInvestors,org
Earth to Gregcyber (if there is any hope left). Bush and the repubs controlled the presidency, the senate and the congress for 6 of the last 8 years. It seems your point is that the repubs were either too inept or in too deep with the lobyists to head of these problems that have been growing since Greenspan. if you don't know the history, look it up before you embarrass yourself again on a public forum.
As far as the credit crises is concerned there is plenty of blame to go around. BTW, notice how Bush tries to ram and rush thru Paulson's ridiculous plan to bail out bad wall street bets using tax payers money by calling it a "dire emergency". Just what he said about invading Iraq...and this from a guy (along with McCain) that just two weeks ago and for years has been saying that the economy is sound and that there is nothing to worry about. Paulson the Treasury sec (hired by Bush) said the same thing until recently when it all blew up in their face. Even I warned about all this coming on this forum at the beginning of the year. All of the sudden we now have a dire emergency on our hands. Lower taxes are hard to achieve when your sound asleep at the switch and you use tax payers money to bail out big business and bad wall street bets. Nice job once gain Georgie.
Last edited by Poker; 10-01-2008 at 08:50 PM.
Mccain is way dirtier then Obama
http://www.newsweek.com/id/161218
I'm now convinced seeing, hearing and reading things backwards is the definition of Republican.
add to that: put the blame on everyone but yourself when things go wrong.
All Recipients of Fannie Mae and Freddie Mac Campaign Contributions, 1989-2008
Name Office State Party Grand Total PACs Individuals
Obama, Barack S IL D $126,349 $6,000 $120,349
McCain, John S AZ R $21,550 $0 $21,550
About 4 years ago I did cast a vote. I did not vote Republic or Democratic.
Maybe I posted this topic becuase I'm tired of hearing who's to blame.
Solutions to the country's problems, I do not hear. What I do hear is "Blame Them"
I have listen to Obama. Obama talks on TV but he really dont know what hes saying.
What I'm talking about is... he will say "I'm against more Nuclear Power" He does not give any reasons to why he's against something or why hes for something, all I hear is just talk. A month later, I hear Obama say "We should be energy independent and build more Nuclear Power Plants". OK now... I did not hear why he changed his mind or why he was against it to begin with. Maybe I'm looking at his bad points but I cant say I see much good.
I just dont want to vote for some one that dont do research especially when they ask to lead a nation.
I also think Obama can make some huge mistakes, we can't afford another loser. Obama will be "on the job training" and I just dont think its a good idea to higher some one that just talks. I do not trust Obama's Judgment and he seems to have a shady past or I've seen something that scares me.
I think it's best to let Senator Obama remain a Senator.
Yes, talk is cheap. Especially risky for the country at this point and time. It's times like these that people are more likely to make foolish choices.
Like it or not, to be a successful President, among other things, you have to know how to compromise, because Congress has the real power.
A Presidential candidate really can't keep any promise that requires a new or amended law, unless Congress introduces and approves it.
By the way, if people put in half the effort debating their local congressional seats as for President, we might actually get a change that is healthy for the country.
Lobbying Campaign Led by Credit Card Companies and Banks Nears Bankruptcy Bill Goal
Published on Tuesday, March 13, 2001 in the New York Times
WASHINGTON - A lobbying campaign led by credit card companies and banks that gave millions of dollars in political donations to members of Congress and contributed generously to President Bush's 2000 campaign is close to its long- sought goal of overhauling the nation's bankruptcy system.
Legislation that would make it harder for people to wipe out their debts could be passed by the Senate as early as this week. The bill has already been approved by the House, and Mr. Bush has pledged to sign it.
Sponsors of the bill acknowledge that lawyers and lobbyists for the banks and credit card companies were involved in drafting it. The bill gives those industries most of what they have wanted since they began lobbying in earnest in the late 1990's, when the number of personal bankruptcies rose to record levels.
In his final weeks in office, President Bill Clinton vetoed an identical bill, describing it as too tough on debtors. But with the election of Mr. Bush and other candidates who received their financial support, the banks and credit card industries saw an opportunity to quickly resurrect the measure.
Among the biggest beneficiaries of the measure would be MBNA Corporation of Delaware, which describes itself as the world's biggest independent credit card company. Ranked by employee donations, MBNA was the largest corporate contributor to the Bush campaign, according to a study by the Center for Responsive Politics, an election research group.
MBNA's employees and their families contributed about $240,000 to Mr. Bush, and the chairman of the company's bank unit, Charles M. Cawley, was a significant fund-raiser for Mr. Bush and gave a $1,000-a- plate dinner in his honor, the center said. After Mr. Bush's election, MBNA pledged $100,000 to help pay for inaugural festivities.
----------------------------------------------
Wed., April. 20, 2005
WASHINGTON - President Bush signed the biggest rewrite of U.S. bankruptcy law in a quarter century on Wednesday, making it harder for debt-ridden Americans to wipe out their obligations.
“Bankruptcy should always be a last resort in our legal system,” Bush said. “If someone does not pay his or her debts the rest of society ends up paying them."
----------------------------------------------
Yup, looks like a big ol' fat Democrat made mess.
By the way, who is paying off who's self made debt?
And did McCain have any contributors?
----------------------------------------------
McCain's Biggest Contributors
Top McCain 2007 Contributors
1 Citigroup Inc (Subprime Scandal) (Class 3 asset questions) $145,050
2 Blank Rome LLP – (attorneys) $141,400
3 Greenberg Traurig – (1750 lawyers) $129,987
4 Merrill Lynch (Subprime Scandal) (Class 3 asset questions) $119,675
5 Goldman Sachs (Subprime Scandal) (Class 3 asset questions)
$111,050
6 IDT Corp – (telecommunications) $80,150
7 Pinnacle West Capital $77,850
8 Bank of New York Mellon (Subprime Scandal) $74,000
9 JP Morgan Chase & Co (Subprime Scandal) (Class 3 asset
questions) $72,100
10 Irvine Co Apartment Community $68,400
11 Broadcasting Media Partners $67,800
12 MGM Mirage $66,100
13 Credit Suisse Group $63,350
14 Lehman Brothers (Subprime Scandal) $61,450
15 Bridgewater Assoc $58,300
16 Cisco Systems $56,850
17 Triwest Healthcare Alliance $54,250
18 FedEx Corp $52,100
18 Wachovia Corp (Subprime Scandal) $52,100
20 Morgan Stanley – (Subprime Scandal) (Class 3 asset
questions) $51,950
Last edited by Gerry; 10-14-2008 at 05:51 PM.
"Just a lot of embarrassment, embarrassed to be part of group of domainers who would do this to their fellow man.",
Condemnation of Mobee boys and investors by our precious Mother Theresa of Domaindom
The grumpy old man is a liar. No wonder Palinocchio follows his footsteps.
I hope this election come fast...another thread about politic and I kill my cat
I hope this election come fast...another thread about politic and I kill my cat
LOL ..but don't hurt your cat
Why in the hell do you only present part of the picture and omit the rest.
Rick Davis, et al
With more than dozen former Fannie and Freddie lobbyists on his campaign staff, critics contend it is hypocritical of McCain to run ads about any Obama links to past Fannie executives.
One is McCain confidant Charlie Black, whose firm worked for Freddie until 2005 and made more than $800,000. Similarly, the firm of William Timmons Sr., chosen by McCain to plan his transition into the White House, has received nearly $3 million since 2000, lobbying records show.
Another is Rick Davis, the McCain campaign manager. His lobbying firm was paid $15,000 a month for “consulting” until this summer by Freddie Mac.
Obama spokesman Dan Pfeiffer said it was troubling that the firm of Davis Manafort did little work and “apparently was being paid simply to provide access to the McCain campaign.”
For five years, Davis got $30,000 a month as leader of the Homeownership Alliance. Created by Fannie and Freddie and characterized as a coalition of groups promoting homeownership, the group discouraged regulation from 2000 until 2005, when accounting and lobbying scandals broke.
-------------------------
No candidate can accept money directly from companies including Freddie Mac or Fannie Mae.
However, company employees can donate money to candidates.
The New York Times has published a separate list looking at contributions from "directors, officers, and lobbyists for Fannie Mae and Freddie Mac" for the 2008 campaign cycle.
That list - using figures from the Federal Election Commission - shows McCain receiving $169,000, while Obama received only $16,000.
John McCain's campaign manager, Rick Davis, was hired-to the tune of nearly $2 million over five years paid almost exclusively by Fannie and Freddie-to head an advocacy group formed to lobby McCain and Congress against regulating Fannie Mae and Freddie Mac.
Check the link below to CNN's Fact Check regarding this issue.
-----------------------------------
Fannie, Freddie spent $200M to buy influence
At least 20 McCain fundraisers have lobbied on behalf of Fannie Mae and Freddie Mac, netting at least $12.3 million in fees over the past nine years.
So far this election cycle, Freddie Mac’s political action committee and employees have contributed $555,567 to Senate and House candidates, and Fannie Mae’s PAC and employees have given more than $1.1 million, according to the Center for Responsive Politics.
In total, the two companies have spent $170 million on lobbying over the past decade, according to the Center, although they have scaled back in recent years. Last year, they paid $14.1 million in lobbying fees, a significant decrease from a high of more than $26 million in 2004. The connections of both campaigns to the well-entrenched mortgage companies highlight the difficulties the candidates face in selling voters on an outsider message.
McCain’s campaign denied that its political connections have affected his view on the issue.
“I have written every word that has to do with Fannie and Freddie in this campaign, and I don’t know who the people are that are linked to the companies,” said McCain’s economic adviser, Douglas Holtz-Eakin.
---------------------------------
McCain's Fannie and Freddie Connections
n McCain's op-ed in the Journal, he and Palin wrote:
For years, Congress failed to act and it is deeply troubling that what we are seeing is an exercise in crisis management rather than sound planning, and at great cost to taxpayers.
We promise the American people that our administration will be different. We have long records of standing up to special interests…
But McCain's own campaign staffers are those special interests, a fact that casts doubt on both McCain's hiring judgment and his ability to pursue tough reforms of Fannie and Freddie.
Aquiles Suarez, listed as an economic adviser to the McCain campaign in a July 2007 McCain press release, was formerly the director of government and industry relations for Fannie Mae. The Senate Lobbying Database says Suarez oversaw the lending giant's $47,510,000 lobbying campaign from 2003 to 2006.
And other current McCain campaign staffers were the lobbyists receiving shares of that money. According to the Senate Lobbying Database, the lobbying firm of Charlie Black, one of McCain's top aides, made at least $820,000 working for Freddie Mac from 1999 to 2004. The McCain campaign's vice-chair Wayne Berman and its congressional liaison John Green made $1.14 million working on behalf of Fannie Mae for lobbying firm Ogilvy Government Relations. Green made an additional $180,000 from Freddie Mac. Arther B. Culvahouse Jr., the VP vetter who helped John McCain select Sarah Palin, earned $80,000 from Fannie Mae in 2003 and 2004, while working for lobbying and law firm O'Melveny & Myers LLP. In addition, Politico reports that at least 20 McCain fundraisers have lobbied for Fannie Mae and Freddie Mac, pocketing at least $12.3 million over the last nine years.
-----------------------------
Next time, I really do hope you get a better look at the person who is feeding you those bowls of bullshit you seem to be gobbling up and enjoying.
More ketsup?
"Just a lot of embarrassment, embarrassed to be part of group of domainers who would do this to their fellow man.",
Condemnation of Mobee boys and investors by our precious Mother Theresa of Domaindom
Great work in finding and posting the truth Doc....its obvious the only thing the "more-of-the-same" McCain supporters have to post is more LIES....
I'll be glad when Obama wins with a landslide victory because I really get tired of looking up the truths.....I guess you do too.
I would just rather see both sides to an issue than a slant on the one side anyone is taking.
This just perpetuates the misinformation bug. No wonder no one knows the real issues.
I don't think anyone on this forum is gullible as it seems those involved have already made up their mind.
But to lay it out like this as if only one party is involved or one candidate?
Come on! Have some dignity.
"Just a lot of embarrassment, embarrassed to be part of group of domainers who would do this to their fellow man.",
Condemnation of Mobee boys and investors by our precious Mother Theresa of Domaindom
You mean to say both parties were corrupted by this sub prime mess? Im shocked.
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