Every word is a LIE. Deliberately deceitful, mendacious. Listen to him. This crisis is the poisonous fruit of leftist government intervention. He condescends, tells Congress to "GET IT DONE!" "GET IT DONE" (minute 6:52)- the Obamonarch has been completely MIA on the crisis - hiding like a little girl. He waits for McCain's policy statements so he can cherry pick what he likes.
McCain had said to cheers and applause in Columbus, Ohio: 'Senator Obama took a very different approach to the crisis our country faced. At first he didn't want to get involved. Then he was monitoring the situation. [Made air quotes for 'monitoring the situation.' Then grinned and flashed a sarcastic thumbs-up.] That's not leadership. That's watching from the sidelines.'
Victor Davis Hanson
Did the McCain debate victory matter? Yes, it helped, but time is running out and the economy is trumping the campaign battlefield. It matters little that Chris Dodd in disgraceful fashion took $165,000 from the miscreants at Freddie Mac and Fannie Mae, or that Barney Frank's vehement opposition to reform of those institutions empowered their near-criminal leveraging.
Obama was second only to Dodd.
Instead, the incumbent administration and its party in general get blamed or credited for the current economy. Moreover Wall Street as right-wing free-market sewer is a far better known talking point than the more complex corruption of hyper-liberal legislators legitimizing their own dishonesty and graft through calls to help the poor and minorities get loans and be relieved of their debts.
Fannie Mae Eases Credit To Aid Mortgage Lending Published: September 30, 1999
By STEVEN A. HOLMES
In a move that could help increase home ownership rates among minorities and low-income consumers, the Fannie Mae Corporation is easing the credit requirements on loans that it will purchase from banks and other lenders.
The action, which will begin as a pilot program involving 24 banks in 15 markets — including the New York metropolitan region — will encourage those banks to extend home mortgages to individuals whose credit is generally not good enough to qualify for conventional loans. Fannie Mae officials say they hope to make it a nationwide program by next spring.
Fannie Mae, the nation's biggest underwriter of home mortgages, has been under increasing pressure from the Clinton Administration to expand mortgage loans among low and moderate income people and felt pressure from stock holders to maintain its phenomenal growth in profits.
hat tip Colony 14