Wednesday, October 8, 2008

OBAMA CLAIMS HE WROTE THE FTC- LIE?


MR.L’s TAVERN 23 this Saturday night at 9:30pm EST. on ChimpsyRadio. www.chimpsyradio.com/ctl.html http://mrltavern.podomatic.com

I thought McCain did well in the second debate last night, especially on the economic issues. I have a feeling McCain is waiting to really pounce on Obama in the third debate. Brit Hume claimed that McCain lost. I’d personally like to cancel Brit Hume like a subscription of Newsweek for such an absurd analysis.
Laddies and Lasses, I caught one major LIE that Obama told last night. I don’t know if you did either. Here it is from the transcript where McCain and Obama responded to a question regarding the bailout. Laddies and Lasses, anyone with a one half of a brain knows that all roads that to this economic crisis begin with Fannie and Freddie. Here’s what Obama said:
“I wrote to Secretary Paulson, I wrote to Federal Reserve Chairman Bernanke, and told them this is something we have to deal with, and nobody did anything about it. A year ago, I went to Wall Street and said we've got to re-regulate, and nothing happened.”
When I looked further into the matter, I found that he claims he wrote the letter on October 17th 2007. In past press releases, Obama has stated that he wrote the FTC and asked them to “investigate subprime lenders to determine whether minority borrowers have been victims of discrimination.”
First of all, I wish we could all SEE the letter. Wouldn’t you like to see it? But, even if it does exist, why it would mean that he lied about it last night. If he did write it, just a year ago when the bubble was about to burst, it would mean that he wanted more minorities to get mortgages just on the principle that they are minorities.
Why, if we looked at what Obama said last night and then read the so-called letter that he wrote, we would need to ask ourselves what does regulation mean to Obama? Does it actually mean DE-regulate to him. :
On June 28, 2008, Obama told the National Association of Latino Elected and Appointed Officials, "We have to stabilize the housing market. And the Latino community as well as the African-American community was particularly hard hit when it comes to foreclosures.”

It’s as clear as the blue sky that Obama wasn’t talking about regulating banks because they were lending out too much money to people who couldn’t afford the mortgages. Or, that perhaps banks shouldn’t have been lending 120% and engaging in poor due diligence. No…

The only issue that mattered to Obama (which is hard to detect in all of his double speak) was whether or not minority borrowers were being discriminated against and if Latino or black home owners were going through “unfair” foreclosure. Perhaps he wanted to give them more of a break than they already got? Perhaps if he was president, he would let some of these buyers, some who were living well out of their means, too stupid to read the note or have a lawyer present when signing, off the hook and have us pay their debt for them.

I will remind you that there was a clause in the first bailout bill that wanted to grant amnesty to over 500,000 illegal immigrants who up and left their distressed homes and went back to where ever the fuck they came from.

On this issue alone, Obama exposes his far left ideology that wants to keep giving more to the deadbeats and let the sucker, the hard-working responsible taxpayer, to pick up the check.

He’s no moderate.

He’s a stealth liberal.

He’s an economic dunce.

No comments: