93% Think Neither Political Party Represents the American People

[pvsi]

Why Does The Nation Tolerate A Habitual Liar As President?


Public Trust: Sixty-one percent polled say President Obama lies "some of the time" or "most of the time" on matters of national importance. Americans have to ask: Why do we let him get away with it? It's no surprise that a Fox News poll of 1,012 registered voters last week found immense distrust of a president whose main domestic initiative was based on a lie. The shock is that the same poll found his disapproval level down to its lowest since last fall. Asked, "How often do you think Barack Obama lies to the country on important matters?" 37% replied...

Recognition Of And Complacency Toward A Habitual Liar As President - Investors.com

I can tell you with complete honesty that as a person who is heavily into politics, I am WAAYYYYYYYYYYYYYYYYY beyond listening to any politician on the media, I live in a different world, because I figured out their circus - if they are on the establishment media, they do not represent American people, one poster here trying to be smart, even admitted it himself. So any elections that are hosted by the establishment, any farts that come out from any puppet of the establishment, I'm not chasing them.

How do you know anything if you don't listen to everything?

It's called common sense, well, I listen to what people on here quote and their links sometimes, just to respond, but it's not same as watching television. I do not take any of them seriously at all, so if Obama is a liar is not a question to me - they are all FRAUD.

 

[TemplarKormac]

They're right. That's all there is to it.

 

[Vigilante]

And all you need to know, WITH FACTS, about the Democrat caused economic collapse of 2008. which STOLE over $7 TRILLION from the middle classes pensions, and savings!

FACT: Liberal Public Policy caused the mortgage crisis by mandating eased requirements for lending, even to people who had no chance of ever paying the loan back. If banks and other lending institutions did not comply, their "score" from the SEC was too low to permit certain business transactions such as merges, etc. This is nothing less than a gun held to the head.

FACT: Many lending institutions were sued or otherwise pressured by ACORN, forcing them to make loans to folks who didn't qualify nor had any chance of ever repaying that loan.

FACT: HUD (Housing and Urban Development) under Andrew Cuomo, head of HUD) browbeat banks to make loans to folks who they knew couldn't pay them back.
FACT: Many lending institutions were sued or otherwise pressured by ACORN, forcing them to make loans to folks who didn't qualify nor had any chance of ever repaying that loan. IN FACT, BARACK OBAMA WAS INVOLVED IN AT LEAST ONE OF THESE LAWSUITS



FACT: Fannie Mae's sole purpose for being was to offer a Federal Guarantee of loans. So banks and other lending institutions didn't need to worry about thing. If a loan went bad, Fannie Mae was there to pick up the pieces (until there were too many pieces to pick up)

FACT: The Democrats stacked the operations of Fannie Mae with other Democrats who then cooked the books (FM had to pay MILLIONS in fines to the SEC over this) and took HUNDREDS OF MILLIONS OF DOLLARS in bonuses and funneled MILLIONS in campaign contributions to members of Congress. Franklin Raines (part of the Obama Administration) personally took 90 million dollars despite Fannie Mae's fines and fraud.

FACT: Bill Clinton turned a blind eye to all of this during most of the 90's. In fact, he worsened the situation in 1995 by making the CRA even more lopsided and requiring even MORE bad loans. One thing he did was to force lending institutions to accept up to 31% of one's income for a mortgage whereas previously it was only 25%

FACT: The Democrats who run Fannie Mae took hundreds of millions in bonuses while Congressional Dems provided cover, including Charlie Rangel , Chris Dodd , Barack Obama and Joe Biden.

FACT: Democrat Chris Dodd was #1 recipient with Democrat Barack Obama being #2 in campaign contributions from Fannie Mae and Freddy Mac

FACT: The Democrats blocked every attempt by Republicans to investigate Fannie Mae and its business practices. In fact, the Bush Administration made over 30 attempts over his two terms in office only to have the Democrats block every one through parliamentary procedures as the Republicans, while controlling both Houses, NEVER had a super majority so the Dems could block anything they pleased (case in point - judicial nominees)




[ame="http://www.youtube.com/watch?v=cMnSp4qEXNM"]Timeline shows Bush, McCain warning Dems of financial and housing crisis; meltdown - YouTube[/ame]


http://query.nytimes.com/gst/fullpag...gewanted=print


Quote:
September 11, 2003
New Agency Proposed to Oversee Freddie Mac and Fannie Mae
By STEPHEN LABATON

WASHINGTON, Sept. 10— The Bush administration today recommended the most significant regulatory overhaul in the housing finance industry since the savings and loan crisis a decade ago.

Under the plan, disclosed at a Congressional hearing today, a new agency would be created within the Treasury Department to assume supervision of Fannie Mae and Freddie Mac, the government-sponsored companies that are the two largest players in the mortgage lending industry.
Note the date


Quote:
New Agency Proposed to Oversee Freddie Mac and Fannie Mae
By STEPHEN LABATON

WASHINGTON, Sept. 10— The Bush administration today recommended the most significant regulatory overhaul in the housing finance industry since the savings and loan crisis a decade ago.

Under the plan, disclosed at a Congressional hearing today, a new agency would be created within the Treasury Department to assume supervision of Fannie Mae and Freddie Mac, the government-sponsored companies that are the two largest players in the mortgage lending industry.

The new agency would have the authority, which now rests with Congress, to set one of the two capital-reserve requirements for the companies. It would exercise authority over any new lines of business. And it would determine whether the two are adequately managing the risks of their ballooning portfolios.

The plan is an acknowledgment by the administration that oversight of Fannie Mae and Freddie Mac -- which together have issued more than $1.5 trillion in outstanding debt -- is broken. A report by outside investigators in July concluded that Freddie Mac manipulated its accounting to mislead investors, and critics have said Fannie Mae does not adequately hedge against rising interest rates.
http://www.bucksright.com/bush-propo...n-in-2003-1141


Quote:
A September 11, 2003 New York Times article shows that President Bush proposed “the most significant regulatory overhaul in the housing finance industry since the savings and loan crisis a decade ago.” His proposal: An agency within the Treasury Department to supervise mortgage giants Fannie Mae and Freddie Mac.

Fearing that mortgages would no longer be available to people who were unable to pay them back, Democrats eventually killed the proposal. The current meltdown in the mortgage industry is a direct result of giving mortgages to people who could not pay them back, a practice protected by Congressional Democrats.

Both entities were recently taken over by the government, a move that puts trillions of taxpayer dollars at risk.

Under the plan, disclosed at a Congressional hearing today, a new agency would be created within the Treasury Department to assume supervision of Fannie Mae and Freddie Mac, the government-sponsored companies that are the two largest players in the mortgage lending industry.

The new agency would have the authority, which now rests with Congress, to set one of the two capital-reserve requirements for the companies. It would exercise authority over any new lines of business. And it would determine whether the two are adequately managing the risks of their ballooning portfolios.

The plan is an acknowledgment by the administration that oversight of Fannie Mae and Freddie Mac — which together have issued more than $1.5 trillion in outstanding debt — is broken. A report by outside investigators in July concluded that Freddie Mac manipulated its accounting to mislead investors, and critics have said Fannie Mae does not adequately hedge against rising interest rates.

But Democrats in Congress, also known as “the caucus perpetually on the wrong side of history,” were having none of this “responsibility” stuff.

”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.

”I don’t see much other than a shell game going on here, moving something from one agency to another and in the process weakening the bargaining power of poorer families and their ability to get affordable housing,” Mr. Watt said.

The proposal worked its way around Congress for a couple of years. Efforts at reform of the kind proposed by President Bush were shot down by Democrats each time.

In 2005, Republican Mike Oxley, then chairman of the House Financial Services Committee, brought up a reform bill (H.R. 1461), and Fannie and Freddie’s lobbyists set out to weaken it.

[...]

During this period, Sen. Richard Shelby led a small group of legislators favoring reform, including fellow Republican Sens. John Sununu, Chuck Hagel and Elizabeth Dole. Meanwhile, [Democrat in bed with the mortgage industry Chris] Dodd — who along with Democratic Sens. John Kerry, Barack Obama and Hillary Clinton were the top four recipients of Fannie and Freddie campaign contributions from 1988 to 2008 — actively opposed such measures and further weakened existing regulation.

According to OpenSecrets.org, between 1988 and 2008 Dodd received $133,900, Kerry $111,000, Clinton $75,550, and Obama — in only 143 days in the Senate — received a whopping $105,849 from Fannie Mae and Freddie Mac.

Pennsylvania Democrat representative Paul Kanjorksi, who also opposed new Fannie Mae and Freddie Mac regulations, was given more than any other member of the House of Representatives. He was paid $65,500 by representatives of these entities.

And, in case you were wondering, John McCain co-sponsored a bill requiring greater Fannie Mae / Freddie Mac regulation in 2005. It was also blocked procedurally by Democrats.

The 2003 New York Times article was unearthed by a Free Republic poster.

UPDATE: 2004 video posted to YouTube shows Republicans arguing for, and Democrats arguing against, regulations that would have saved us from the current crisis.
http://www.bucksright.com/congressma...ge-crisis-1451


Quote:
Congressman Sorry Democrats Dropped Ball On Mortgage Crisis
Wed, Oct 1, 2008 at 10:55 am Posted by Steven in Economy

After being featured on Hannity & Colmes in a damning 2004 video showing Democrats fighting tooth-and-nail against greater Fannie Mae and Freddie Mac regulations, Democrat Congressman Artur Davis admits Democrats dropped the ball on reigning in the failed institutions and calls on fellow Democrats to do the same.

“Like a lot of my Democratic colleagues, I was too slow to appreciate the recklessness of Fannie Mae and Freddie Mac. I defended their efforts to encourage affordable homeownership, when in retrospect I should have heeded the concerns raised by their regulator in 2004. Frankly, I wish my Democratic colleagues would admit that when it comes to Fannie and Freddie, we were wrong. By the way, I wish my Republican colleagues would admit that they missed the early warning signs that Wall Street deregulation was overheating the securities market and promoting dangerously lax lending practices. When it comes to the debacle in our capital markets, there is much blame to go around for both sides.”

Along with President Clinton, I take issue with Davis’ contention that equal blame exists on both sides. President Bush requested greater oversight in 2003, Republicans are clearly seen in the video fighting for greater oversight in 2004, and John McCain led the charge for greater oversight in 2005. All efforts were rebuffed by Democrats, who demagogued the issue with racial politics that made reform impossible to accomplish. At least they tried. I see no evidence of any push toward greater Fannie Mae / Freddie Mac oversight since the short bus rolled onto Capitol Hill in January 2007.

That said, I appreciate Congressman Davis’ candor in admitting Democrats let their ideology get in the way of what was right for the country.

 

[pvsi]

And all you need to know, WITH FACTS, about the Democrat caused economic collapse of 2008. which STOLE over $7 TRILLION from the middle classes pensions, and savings!

Vigilante, I appreciate your long thread, and I hope you did not create it just for me, because no disrespect but see my signature below it applies directly to your post above.

 

[Vigilante]

And all you need to know, WITH FACTS, about the Democrat caused economic collapse of 2008. which STOLE over $7 TRILLION from the middle classes pensions, and savings!

Vigilante, I appreciate your long thread, and I hope you did not create it just for me, because no disrespect but see my signature below it applies directly to your post above.

Even men with closed minds, should have the sense to look at FACTS that alter their previously held position... Try it, you might suddenly see the light at the end of the tunnel!

And no, I've used that in many forums, to beat back the subversive bullshit about what happened with our economic bubble!

 

[norwegen]

So the rest of the big shots in Washington represent ____________?? please fill in the blank so we're clear.

The United States, the states, the law, party platform, respectively.

So why does every politician, every presidential hopeful that ever took the stage on MSM always talk about "American people this, American people that"?

Because our government has been perverted. In a populist government, candidates and politicians of various positions appeal to the people. In the years after its founding, when the American government was republican, only those in or aspiring to the House appealed to the people.

America was not supposed to be a democracy; it was supposed to be a republic.

 

[francoHFW]

Dems represent the American people.. Greedy idiot megarich chickenhawk ugly American racist Pubs represent themselves and ignorant brainwashed dingbats. see sig lol.

 

[francoHFW]

A republic is simply representative democracy, ignorant brainwashed dingbat...

 

[pvsi]

And all you need to know, WITH FACTS, about the Democrat caused economic collapse of 2008. which STOLE over $7 TRILLION from the middle classes pensions, and savings!

Vigilante, I appreciate your long thread, and I hope you did not create it just for me, because no disrespect but see my signature below it applies directly to your post above.

Even men with closed minds, should have the sense to look at FACTS that alter their previously held position... Try it, you might suddenly see the light at the end of the tunnel!

And no, I've used that in many forums, to beat back the subversive bullshit about what happened with our economic bubble!

Oh I am well aware of the scum on the left, all I was saying is that you leave out the scum on the right when you talk like you do. do you deny that Bush and the scum on the right acted with liberal scum to rob Iraq?

 

[Vigilante]

Dems represent the American people.. Greedy idiot megarich chickenhawk ugly American racist Pubs represent themselves and ignorant brainwashed dingbats. see sig lol.

You best watch out who you're calling a mega rich, Republican... you'll piss off the Prince of Darkness!

 

[Vigilante]

Vigilante, I appreciate your long thread, and I hope you did not create it just for me, because no disrespect but see my signature below it applies directly to your post above.

Even men with closed minds, should have the sense to look at FACTS that alter their previously held position... Try it, you might suddenly see the light at the end of the tunnel!

And no, I've used that in many forums, to beat back the subversive bullshit about what happened with our economic bubble!

Oh I am well aware of the scum on the left, all I was saying is that you leave out the scum on the right when you talk like you do. do you deny that Bush and the scum on the right acted with liberal scum to rob Iraq?

RINO Republican's are just Democrat/subversives without their money! That's why the Tea Party wants to flush them, ASAP!

 

[TGN]

Rather than just not vote, the U. S. public could vote 3rd party en masse.

 

[pvsi]

Rather than just not vote, the U. S. public could vote 3rd party en masse.

1. Third party can be hijacked just like democrat/republican party
2. If people will begin rallying behind some third party that is independent from the establishment, the establishment will create another mirror party and publicize it on the media and back it with money. see liberating humanity only distinction on YouTube.

 

[pvsi]

Those in power always disrupt opposition making it hard for people to know who to vote for or rally behind