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Democrats are FULLY responsible for economy

Posted by sam222 on April 7, 2009

Shocking Video Unearthed Democrats in their own words Covering up the Fannie Mae, Freddie Mac Scam that caused our Economic Crisis

Democrats are FULLY responsible! ”These two entities — Fannie Mae and Freddie Mac — are not facing any kind of financial crisis,” said Representative Barney Frank of Massachusetts, the ranking Democrat on the Financial Services Committee. ”The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing.” Representative Melvin L. Watt, Democrat of North Carolina, agreed.

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7 Responses to “Democrats are FULLY responsible for economy”

  1. I look at it as both parties are fully corrupted. When there are only two parties, then there is only one party. That would be a party of greed.

  2. Kelly said

    Jim is correct. Any fifth grader (except perhaps one who is home-schooled) knows that it’s common sense that both parties conveniently looked the other way as this mess was unfolding over the past 3-4-5 years.

    And where was our ‘great’ leader Bush during all of this. Probably learning how to pronounce more words correctly. His deficits — the LARGEST IN HISTORY — are a huge contribution to this mess. They are mainly what have caused the world-wide recession, while the fannie mae/freddie mac fiasco is responsible (in part) for the US recession.

    But voters have been so complacent, so selfish, and so coddled for so long, that they naturally want to pass the buck onto others.

    The best thing to come out of this election is the fact that Obama inspired people to get off their asses and vote. Many of them (even in their 40’s and 50’s) for the FIRST time. That’s shameful.

  3. sam222 said

    Funny no mater how much evidence that is shown to a liberal it is still Bushes fault or both parties fault. Never is the blame put were it belongs with Frank, Dodd, and the Democrats even when it is in video before there eyes.

    The fact of the matter is that the Bush administration and the Republicans made several attempts to rein in fannie and freddie that were stopped dead by the Democrats as shown in the video of the sub committee here.

  4. Don’t get me wrong, I wasn’t standing up for Dodds. But both parties have been screwing us all over for a very long time. Dodds is just one of many, in both parties, who sold out, if they ever had any sense of loyalty to the people, to corporations. Without any regard for the good of the people they were supposedly elected to serve. Just thought I’d clarify my statement. Peace bro, Jim

  5. Kelly said

    Sam, please give us ONE example, prior to September 2008, where the innocent Republicans and especially the big-spending Bush adminstration pleaded with Congress and the American people that they were “trying to rein in” Freddie and Fannie.

    Show us these urgent clips, or some links to articles in the national press from early this year (remember the recession “officially” started last December) even this disaster was predicted by many economists 4-5 years ago.

    Sheesh.

  6. Kelly said

    And I don’t mean, one letter signed by several congressmen that no one reads. How about a press conference, or two or three, or a dozen.

    Admit it, Bush didn’t talk about this until it was waaaaay too late.

    How convenient for him.

  7. sam222 said

    Kelly did you watch the video? This video is from 2004. Republicans are pleading with Democrats. Democrats are saying Fannie and Freddie are just fine. Later Democrats filibustered on party lines in a full senate vote.
    Please watch the video.

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