From Obama's email to his deranged followers:
The era of greed and irresponsibility on Wall Street and in Washington has created a financial crisis as profound as any we have faced since the Great Depression.
This from the man who sucked up more dollars from the "greedy" and "irresponsible" than anyone and who employed:
So who was in charge of Fannie Mae for 16 of the last 18 years? Let’s start with James A. Johnson (no relation). Remember him? Barack initially tabbed him to head up the Vice Presidential search team. He was Walter Mondale’s campaign manager in the 1984 fiasco and chaired the search committee for John Kerry. But he started as Vice Chairman of Fannie Mae in 1990, quickly moved up to be the CEO, and left Fannie in 1999 as Chairman of the Executive Committee.
And guess where he went? Fishing? Nope. He became one of the outside directors of the board of Goldman Sachs in 1999 and also served as the Managing Director of Corporate Finance for Lehman Brothers.
The roles of Goldman Sachs and Lehman Brothers are important to understand if you are to make sense of Fannie Mae’s collapse. When Johnson moved to Goldman Sachs, the main man at Fannie was Franklin D. Raines. Late in 2005 Raines resigned from Fannie Mae, accused of being in charge when the books were cooked. The scheme is fairly simple. Raines and other top executives made bonuses if they hit specific earnings targets for the securities sold by Fannie Mae. They regularly hit those targets until it was discovered by the (SEC) Securities & Exchange Commission’s top accountant Fannie misstated earnings for 3 1/2 years, leading to an estimated $9 billion restatement that will wipe out 40% of profits from 2001 to mid-2004. (more here)
"If they [Congress] need me, call me."
Wow! There could be no further contrast in leadership between these two men. McCain rolls up his sleeves and says "let's get something done." And Obama says "call me if you need me."
When given an opportunity to serve his nation in a time of severe crisis, Barrack Obama decided that his own personal gain was more important.
It reminds me of that scene in Schindler's list:
- Stern: Let me understand. They'd put up all the money. I'd do all the work. But what, if you don't mind my asking, would you do?
- Schindler: I'd make sure it's known the company's in business. I'd see that it had a certain panache - that's what I'm good at, not the work, not the work - the presentation.
- Stern: I'm sure I don't know anybody who'd be interested in this.
- Schindler: Well, they should be, Itzhak Stern. Tell them they should be.
The candidate of deceit had the audacity of mendacity to refer to Wall Street executives as those "who got us into this mess" but he was a gluttonous beast for their lobbying dollars.
Securities & Investment: Money to Congress (Open Secrets)
Top 2o Members (influence and lobbying money)
Top 20 Members
|Obama, Barack (D)||$10,059,210|
|Clinton, Hillary (D-NY)||$7,355,720|
|McCain, John (R)||$7,029,893|
|Dodd, Christopher J (D-CT)||$2,932,532|
|Coleman, Norm (R-MN)||$626,850|
|McConnell, Mitch (R-KY)||$620,236|
|Emanuel, Rahm (D-IL)||$600,500|
|Sununu, John E (R-NH)||$595,650|
|Baucus, Max (D-MT)||$547,500|
|Durbin, Dick (D-IL)||$515,475|
|Biden, Joseph R Jr (D-DE)||$432,450|
|Lautenberg, Frank R (D-NJ)||$424,233|
|Shays, Christopher (R-CT)||$362,720|
|Reed, Jack (D-RI)||$359,550|
|Rangel, Charles B (D-NY)||$329,850|
Lots of corrupt Dems - can you dig it? VOTE THEM ALL OUT ELECTION DAY PEOPLE!
UPDATE: Just received my another URGENT email from Obamster, he's such a whiney little girl:
This morning Barack called John McCain to suggest a joint statement of principles that would help Congress resolve the immediate financial crisis.
Then John McCain went on television and said he was suspending his campaign and that Friday's presidential debate should be postponed.
whaaaaaaaaaaaaaaaaaaaaaaaa! Do something ya big dope.
Barack spoke about the crisis and took questions from reporters a few hours ago.
He also made it clear that -- with only 40 days left for the American people to decide who will be responsible for leading our economic future -- it is more important than ever that the scheduled debate takes place.
If it's so "critical", why didn't Oybambi agree to do the weekly town hall meetings with McCain? Uh uh, he wants his leftard moderators asking the right (not Wright) questions, the rigid format, and his talking points platform in place.
UPDATE: Knock knock. Who's there? Your worst nightmare Obamster.
Can Dems say buyers remorse (hat tip Jeramaykovka)