What should the GOP say about ACORN?

More ACORN stories: herefraud stories: here

How to Respond to Barack on Multi-Billion Dollar Bailout

To blame President Bush alone is absurd; to point out that many parties from both political parties are responsible for the economic fiasco is fair; to point out the involvement of the Democrats is necessary. The mainstream media are simply covering up or ignoring the facts that Fannie Mae and Freddy Mac were instituted and bloated by Democrats, first under Jimmy Carter and then under Bill Clinton.

Financial institutions were pressured by government agencies into lending money to people who couldn’t afford to pay back the loans if conditions would change, or be branded as racist or red-liners. The ties of many financiers who were at fault, to Barack Obama, were strong.

McCain was among the politicians who blew the whistle long ago, warning of the need for regulation; Barney Frank is on tape asserting, fairly recently, that Fanny and Freddy were basically sound; the economy began to collapse only during the past two years, when the Democrats took control of Congress. Chris Dodd tried to funnel 20% of the profits from the bailout into the Housing Trust Fund that Democrats have used to fund political action groups like ACORN, which Obama had represented in the past as an attorney.


No comments:

Related Posts with Thumbnails