Pin the mortgage meltdown tail on the Donks

The Democrats caused the mortgage meltdown and John McCain warned that it was coming. What better issue could McCain have? Instead it's independent organizations who are trying to get the word out like this:

C'mon John, kick some Donkey butt.

(h/t Confederate Yankee)

The revenge of the bitter country folks

In Obama's America, only the Obama civilian national security patrols will have guns. More NRA ads at http://www.gunbanobama.com/.

Thank the Democrats on election day

A typical 401(k) retirement plan investment is a mutual fund based on the value of the S&P 500 list of 500 top stocks. 

• On October 8, 2007, the S&P 500 index closed at 1552.58
  
• On October 8, 2007, the S&P 500 index closed at  984.94
  

In round numbers, index funds based on the S&P 500 lost over a third of their value over the last year. The Democrats have served up this mess with their destruction of the financial markets by their insistence that banks make vast numbers of loans to poor credit risks. It's time to clear out these incompetent, crooked buffoons before they figure out how to do worse.

Barney Frank had a "friend" in the mortgage business

Aside from campaign contributions from the crooks running Fannie Mae and Freddie Mac, Rep. Barney Frank had another more intimate connection - his main gay squeeze was a Fannie Mae executive. Or as Ace observes: Barney has a Fannie buddy.

Unqualified home buyers were not the only ones who benefitted from
Massachusetts Rep. Barney Frank’s efforts to deregulate Fannie Mae throughout
the 1990s.

So did Frank’s partner, a Fannie Mae executive at the forefront
of the agency’s push to relax lending restrictions.

Now that Fannie Mae is at the epicenter of a financial meltdown that
threatens the U.S. economy, some are raising new questions about Frank's
relationship with Herb Moses, who was Fannie’s assistant director for product
initiatives. Moses worked at the government-sponsored enterprise from 1991 to
1998, while Frank was on the House Banking Committee, which had jurisdiction
over Fannie.

Both Frank and Moses assured the Wall Street Journal in 1992 that they
took pains to avoid any conflicts of interest. Critics, however, remain
skeptical.

"It’s absolutely a conflict," said Dan Gainor, vice president of the
Business & Media Institute. "He was voting on Fannie Mae at a time when he
was involved with a Fannie Mae executive. How is that not germane?

It was sure nice of the taxpayers to lubricate ole Barney's relationship with his boy toy.

Taxpayers pick up the tab for Democrat disaster

They passed the big bailout bill today and the taxpayers are now on the hook for the tab from the Democrat meddling with the mortgage market. Are the Donks abashed by their foolishness? Of course not - they are busy trying to claim that it was a free market problem when of course, it was anything but.

Time to pin the tail on the Donkeys:




BEFORE WE PAPER IT OVER, NAME THE PAPER-HANGERS

*It was Democrats who ordered and commanded Freddie & Fannie to
strong-arm banks into making billions of bad loans in the name of “fairness”.

*It was Democrats Franklin Raines, Jim Johnson and Jamie Gorelick who
ran these institutions, looted millions from them and now advise Obama on
economics.

*It was Democrats who accepted the lion’s share of the campaign cash
that Freddie & Fannie spread around town in order to become “too big to
fail”.

*It is Democrats who claim the problem stems from a lack of regulation
by Republicans–yet they vehemently blocked John McCain’s Regulatory Act in 2005
and taunted administration officials for even saying there was a problem.

*It was Democrat Barney Frank, former whorehouse operator and parking
ticket-fixer, who only last week held a cowardly anonymous voice vote to have
Freddie & Fannie make even more bad loans.

*It was Democrat Charlie Rangel who pry-barred a $10 million
“charitable donation” from the now-broke AIG insurance giant last year as the
cost of doing business before his committee. That’s how they do things in banana
republics, where, as fate would have it, Charlie keeps his tax-cheat
condos.

*It was Democrats who promulgated the mindless Sarbanes-Oxley
regulations that made a bad problem much worse.

If your drunken uncle drives into a ditch, do you just pull him out, dust
him off, give him a gallon of gas and a gallon of moonshine, hand him back his
keys and send him down the highway to get in a head-on with a schoolbus?

The Donks are acting like they just got the keys and some gallon jugs.


THEY GAVE YOUR MORTGAGE TO A LESS QUALIFIED MINORITY

Before the Democrats' affirmative action lending policies became an embarrassment, the Los Angeles Times reported that, starting in 1992, a majority-Democratic Congress "mandated that Fannie and Freddie increase their purchases of mortgages for low-income and medium-income borrowers. Operating under that requirement, Fannie Mae, in particular, has been aggressive and creative in stimulating minority gains."

Under Clinton, the entire federal government put massive pressure on banks to grant more mortgages to the poor and minorities. Clinton's secretary of Housing and Urban Development, Andrew Cuomo, investigated Fannie Mae for racial discrimination and proposed that 50 percent of Fannie Mae's and Freddie Mac's portfolio be made up of loans to low- to moderate-income borrowers by the year
2001.

Instead of looking at "outdated criteria," such as the mortgage applicant's credit history and ability to make a down payment, banks were encouraged to consider nontraditional measures of credit-worthiness, such as having a good jump shot or having a missing child named "Caylee."

Threatening lawsuits, Clinton's Federal Reserve demanded that banks treat welfare payments and unemployment benefits as valid income sources to qualify for a mortgage. That isn't a joke -- it's a fact.

When Democrats controlled both the executive and legislative branches, political correctness was given a veto over sound business practices.

In 1999, liberals were bragging about extending affirmative action to the financial sector. Los Angeles Times reporter Ron Brownstein hailed the Clinton administration's affirmative action lending policies as one of the "hidden success stories" of the Clinton administration, saying that "black and Latino homeownership has surged to the highest level ever recorded."

Meanwhile, economists were screaming from the rooftops that the Democrats were forcing mortgage lenders to issue loans that would fail the moment the housing market slowed and deadbeat borrowers couldn't get out of their loans by selling their houses.

A decade later, the housing bubble burst and, as predicted, food-stamp-backed mortgages collapsed. Democrats set an affirmative action time-bomb and now it's gone off.

In Bush's first year in office, the White House chief economist, N. Gregory Mankiw, warned that the government's "implicit subsidy" of Fannie Mae and Freddie Mac, combined with loans to unqualified borrowers, was creating a huge risk for the entire financial system.

Rep. Barney Frank denounced Mankiw, saying he had no "concern about housing." How dare you oppose suicidal loans to people who can't repay them! The New York Times reported that Fannie Mae and Freddie Mac were "under heavy assault by the Republicans," but these entities still had "important political allies" in the Democrats.

Now, at a cost of hundreds of billions of dollars, middle-class taxpayers are going to be forced to bail out the Democrats' two most important constituent groups: rich Wall Street bankers and welfare recipients. Political correctness had already ruined education, sports, science and entertainment. But it took a Democratic president with Democratic congress for political correctness to wreck the financial industry.

That's what comes of letting liberal tinkerers mess with just about anything and there's no excuse for letting them talk their way out of it. If John McCain won't belabor the Democrats for causing this disaster, the little people will have to do it, but Johnny could help his own cause a lot by lighting a few fires.

Jamie Gorelick: the pinup girl for Democrat foolishness strikes again

Given that the Democrats have driven the home mortgage system in the USA to the brink of the precipice with their requirement that loans be given to completely unqualified buyers (including illegal aliens), it is no surprise that Jaime Gorelick, their poster girl for Democrat foolishness, is up to her bustle in the mess, but now we find out that Gorelick has more than usually dirty hands:

It turns out that Clinton operative Jamie ("The Mistress of Disaster") Gorelick didn't just blind America's intelligence apparatus prior to 9/11. And she didn't simply suck down $26 million in salary from Fannie Mae before it imploded. And she didn't only set the stage for the mortgage meltdown. It turns out Ms. Gorelick may have had a teensy weensy conflict-of-interest while managing Fannie.
...
One of Countrywide's previously undisclosed customers at Fannie was Jamie Gorelick, an influential Democratic Party figure whose $960,000 mortgage refinancing in 2003 was handled through a program reserved for influential figures and friends of Countrywide's chief executive at the time, Angelo Mozilo. Ms. Gorelick was Fannie Mae's vice chairman at the time.

More details at the link, but it's the usual crooked Democrat "VIP mortgage" story with the twist that Fannie Mae's favorite source for crappy mortgages while Gorelick was running the store was Countrywide.

I'm starting to lose count of the number of disastrous and downright outrageous deals this Clinton operative has been involved with. Suffice it to say that if there's any justice in this country, she'll be fitted for an orange jumpsuit momentarily.

Agreed. Here's a nice list of Gorelick malfeasance - she's clearly a busy gal.

Still, look at the bright side, there's some humor in the mess the Donks made out of home mortgages:

What's funny is that even Bill Clinton is blaming Democrats for the mortgage meltdown. Just not himself.

I'm laughing - aren't you?

Today's Hoot: Mark Udall and the Dept. of Peace

Colorado Democrat Senate candidate Mark Udall is getting all huffy about this ad making fun of his support for Dennis "Cuckoo" Kucinich's goofy Department of Peace plan. Good of him to take time out from singing Kumbaya to spout off about anything but a munchies shortage.

9/11 - Never Forget, Never Forgive

Click the picture for the Remember the Blood of Heroes slideshow which serves as a useful reminder of reality while Barack Obama and today's Democrat party are busy singing Kumbaya.

Obama lipstick fun

(Hat tip: El Rushbo)

(Hat tip: FR)

Hmmm, that was rather mild. Well, I would not want to disappoint my fans so how about that pig Michelle Obama?


Dang, she needs a lot more than lipstick!

How about some tar and feathers for the MSM?

Small-town residents boo media with McCain

CEDARBURG, Wisc. -- Hundreds of angry people in this small town outside Milwaukee taunted reporters and TV crews traveling with Sen. John McCain on Friday, chanting "Be fair!" and pointing fingers at a pack of journalists as they booed loudly.

On the first leg of the "McCain Street USA" tour -- which will take the Republican presidential nominee and his running mate, Alaska Gov. Sarah Palin, to small towns across the heartland -- the 30 or so reporters and crew were walking back to their buses to join the McCain motorcade when hundreds of townspeople started yelling.

"Stop lying! You are all liars! Tell the truth!" one woman yelled from the front of the pack.
...
The scene was reminiscent of one that occurred spontaneously at the RNC, when Mrs. Palin accused political pundits and columnists of misinformation. With thousands of red-meat Republicans in the huge Xcel Center in Minneapolis, the crowd turned ugly. Hundreds began pointing at a group of reporters and booing -- some chanted "CNN!" while others yelled "MSNBC!"

Of course they got the name of the former wrong, since CNN is now officially the Obama News Network:



As for MSNBC, I see that some of the more conventionally biased news staff managed to get Chris "Tingle Leg" Matthews and Keith "Rabid Dog" Olberman removed as "news anchors" for political events since they are spoiling the usual con that the MSM are unbiased. Funny, I thought all along was that their title was "Obama Cheerleader."

(Hat tip: American Digest)