Cross-Posted FROM Gribbit’s Word
From FoxNews.com:
Isn’t it ironic that SanFran Nan and the rest of her fellow Democrats including their Nominee for President, Barry O, are blaming the Bush Administration for the down turn in the economy sparked by poor lending practices in the housing market? Isn’t it strangely ironic that in recent days we have found out that the problems stemmed from practices put into place to placate the Senate Banking Committee in 2005? And Isn’t it just a bit more than a coincidence that the current Chairman of the Senate Banking Committee, Christopher Dodd (D CT) and the Democrat Nominee for President of the United States one Barack Hussein Obama, received the highest amounts in contributions from Fannie Mae and Freddie Mac? It’s true according to several sources. Most especially Open Secrets.
Dodd received $165,400 from Fannie and Freddie’s PACs and Employees.
Obama received $126,349 from Fannie and Freddie’s PACs and Employees.
On top of these revelations we have also discovered that the Democrat Nominee in 2004, a certain John F. Kerry, received $111,000. That is as of September 8, 2008.
To be completely fair, it seems not many in the House and Senate from either Party are not guilty of taking Freddie and Fannie money. To his credit, Sen. John McCain took contributions from individuals but not Freddie and Fannie’s PACs.
The most interesting fact of these numbers is the fact that Barry O took the second highest amount of money from Fannie, Freddie, and their employees in the shortest amount of time. He has only completed 3 years and just under 9 months of his first term as a United States Senator and did not serve in the House before this term. So in just under 4 years in the Senate, most of which time he has spend campaigning for President, he has taken $31,500 per year in office. That is more than a lot of people make in personal income in a single year.
Bottom line is that those responsible for the current mess are running Congress. Now Congress is willing to take some action on oversight. That is like putting the fox in charge of the hen house after a majority of the hens have been eaten. This could have been fixed in 2005.
Besides FoxNews… Where is the news media? Absent as usual when it comes time to report on Democrat failure.
