We were shocked at the September 26, 2008, Friday night debate that McCain, when asked about the bailout, NEVER once mentioned that it all started with the Democrat Party with assistance from the radical activist groups such as ACORN, Obama their attorney in Chicago during part of the 1990s.
ACORN had harassed financial institutions to give loans to inner city and the poor, knowing all too well they were bad credit risks, a perfect storm for Obama while a radical community organizer. At the same time the "honorable" U.S. Attorney General Janet Reno, under direction from the Clinton Administration, accused these same institutions of racism, saying they were "Redlining," Reno threatening them with more regulations.
Once the banks fell into line with intimidation from Washington D.C., the Democrat administration allowed them to then sell the bad paper to guess whom? Fannie Mae and Freddie Mac! This lead many banks to realize the government scam was on and that they could now make other risky loans for profit, as the country entered the 21st century.
Opportunists were now taking advantage of rules that were gone with the wind, suddenly "flipping" houses by buying property they knew they couldn't afford in the long run . . . yet believed a forever growing housing market would support their investment until they could cycle their renovated structures.
The banks gave some borrowers 100% loans with little or nothing down at 40-year mortgages with payments of interest-only for the first ten years. It was a recipe for disaster and unbelievably under the watchful eye of a corrupt Democrat Congress, the same one that is trying on September 28, 2008, to cut a 700-billion dollar deal to fix their political dealings of the past decade at taxpayer expense.
The housing boom busted as the Feds increased interest rates, ARMs in loan agreements reaching their first plateau to raise mortgage payments by hundreds of dollars. This added to the already bad loans that were failing due to the rise of living costs with energy prices eating up any extra in the monthly budgets of millions of American households, led to the second perfect storm. Suddenly many millions were having to default on their loans from sea to shining sea.
Obama was not only involved in leading ACORN on Chicago's south side in the 1990s, assisting the eventual financial crises we have in September of 2008, but today surrounds himself with guess who as financial advisors while running for president? The former failed CEOs of Freddie and Fannie! And with Obama starting his Illinois senate candidacy in the home of Williams Ayers, one has to ask which Obama will show up if elected president?
Yet McCain said nothing, as if the fix was in to screw us all.
McCain was asked again and again about the crises we have today while at the debate, and so was Obama. But Obama kept silent about his past while McCain said nothing to inform the 80-million people watching around the world. Most had to be unaware of these events. That's because the mainstream media had wanted Obama to win with his secular progressive agenda, therefore not reporting the damning information in a timeline for the American taxpayer to analyses and understanding the damning effects it would have upon their lives.
Lack of good information from the Fourth Estate is the only reason why these white-collar crooks in Congress have gotten away with these financial atrocities for years, a willing mainstream media the water boy for the Democrat Party for decades now.
The fix was in with the news organizations over at NBC, CBS, ABC, and CNN. It's not the crooks who did this to us who are the bastards that are helping to destroy the stable and solid America we had once known. It's the ones who had the freedom to report it in the media and didn't for personal gain. I think they're called pariah . . . ass holes by others!
So when the Congressional wolves and associated activists such as ACORN huff and puff to blow your house down through a history of voter fraud scandals, seek out the network news hosts, newspaper managing editors, and journalists in the mainstream media because they are your real enemy, not Obama, who simply knew they would allow him to get away with it again and again.
It was Bill Clinton in his book that eventually formed his ultimate legacy as president of the United States and today's crisis, writing "I did it because I could." And so it goes on and on in America in the banking industry, Congress, and the media. They do it because there are few honorable people in government left to stop it.
The Fannie Mae Story
Obama and ACORN: You Can Run, But You Can’t Hide
Birds of a Feather Flock Together
Ayers / Obama Timetable
William Ayers, Weatherman Radical bomber now (of course) a professor at the University of Illinois, (shown here standing on flag), used his home to help Obama start his campaign as an Illinois senator, which led to his close friend running for president.
What do you think the two men discussed in those days, Obama distancing himself from Ayers while a candidate for president when asked about the relationship, saying "I was a little boy when he was trying to kill Americans." Really, Barack?
Marcia Froelke Coburn writes in her Tribune article, "But I am struck by another part of that story. What are you doing in a Starbucks? I ask the man who professes to hate globalization. 'Oh,' he says. 'I have an addiction to caffeine.' "
Photo taken at Tom Harkin's Iowa Steak Fry
Have a look at the photo from the October 1, 2007 edition of 'Time.' It shows Obama, Hillary and Bill Richardson at the Steak Fry of Senator Tom Harkin (D-Iowa) on September 17 in Indianola, Iowa, during the National Anthem. Richardson and Clinton have their hands over their heart. But not Obama! Does he perhaps believe that, like not wearing the flag pin, the hand on the heart isn't 'true patriotism'?" . . . read source
So if Obama becomes president, will he support the U.S. Flag code or change it to relate to the real Obama shown in this photo, saying it doesn't matter to respect your country. Think Ayers said the same thing in the above left photo?
- ACORN, Obama, and the Mortgage Mess -
- The Weathermen tried to kill my family -
Meet Some More of Barack Obama’s Political Mentors: Bill Ayers and Bernardine Dohrn