RNC Misrepresents Obama Quote

'The fundamentals of his economic plan'. You mean trillion dollar deficits, the takeover of private industry, the payoffs to the unions and George Soros, soaring unemployment, more loans to those who can't afford to pay them, stimulus graft, ACORN as a partner, having marxists as advisors and 'czars', and new green taxes for all? That's sure some Obama 'fundamentals' to be proud of ABC. How could anyone think these fundamental Obama truths could affect them in a negative way?

Its been said that Obama speaks for the moment and that it sometimes leads to 'confliciting statements' between audiences. That's only true in the nuanced world of progressives, in the real world its called lying. This man is the most massive fraud ever elected but many Americans don't know it because the media has had their lips firmly planted on BO's butt from the beginning.

McCain:It's OVER!!!!!

Honestly,

McCain, stop with this blame game thing. You yourself also accused Obama of "politicising" the bailout. WHO made a big show of charging into Washington to save the day (he was in such a hurry he had to cancel Letterman, but had time to interview with Couric and only left the next morning)? Obama said that since neither one of them were on the relevant committees, they might be doing more harm then good.

It certainly shows from how the bill exploded even when McCain was there to "save" the day. He couldn't even get any members of his Arizona delegation to support the bill-the Illinois delegation, had 9 out of the nineteen supporting the bill.

Stop saying Obama couldn't be bothered about it. He also had said that if he's informed that's he needed there, he'd fly back immediately. McCain keeps on pulling so many stunts and making a big show of things-but in reality, he isn't doing much. People said he didn't contribute anything at the WH meeting and declined to take a stand when asked.

He was waving the soldier's bracelet at every campaign stop, while Obama has been quietly wearing his-you can check his previous speeches.

The smallest dogs bark the loudest, I guess.

Gargoyle,

Do you really want to make excuses? Blame the refs for losing huh? Grow up!

Do you want a list of Republican corruption in the past decade? Let me know and I'll give them to you.

The Republicans have had the majority in Congress since January 3, 1995. They had control of it all until January 3, 2007. That's twelve years!!!! Bush took office on January 20, 2001.

Hey don't worry, at least you got the victory with gay marriage.

It's strange how Obama, Pelosi, Biden and other Dems receive political cover from the "mainstream media" yet Republicans never do. There's nothing at all mainstream about the media this election year. They've clearly put the fix in for Obama.

"Someone else tried to stop it in 2005 and you will never guess who...John McCain ...LOL!!! He co-sponsored a bill called "The Housing Enterprise Regulatory Act of 2005" (google it please www.govtrack.us Bill S-190). The bill would regulate Fannie Mae and Freddie Mac yet once again, the Democrats blocked it"

Yes please google and see how the Republican chaired committee kept in committee and how it was a dead bill by the time McCain decided to cosponsor it in May of 2006.

"Obama recieved FOUR-TIMES more money from Fannie Mae per year than any other senator over the last 20 years"

Obama received about $120K in donations from Fannie Mae & Freddie Mac over his 12 year career.

He was # 2 on that list for the last 10 years. So how could he get 4 times as much as any other Senator?

Also McCain thru joint fundraising has taken in $189K this year alone from 8 Fannie Mae bigwigs. Obama has taken in $16K.

And one last thing, Rick Davis's firm has taken twice as much money from Fannie Mae this year alone as Obama has received from employees over a 12 year public career.

Yes, Obama agrees that 'the fundamental of economy is strong'.

McCain is right, and he said earlier than Obama did.

Obama just follow McCain's foot step.

We can go through this crisis, which will prove that the fundamentals of our economy is strong.

I don't see what you're seeing Jake.

McCain is right. We do have a strong economy, it's just facing tough times. Down 7%? We'll rebound 4%.

It's like Michael Phelps getting sick. boo hoo.

Obama knew what McCain meant.

McCain Palin 2008

And you'll be posting about out-of-context quoting by Charlie Gibson, Katie Couric, et al when?

Come with me here and let us take a trip through time...

Ok, Jimmy Carter and the democrats passed the Sub-Prime Mortgage loans in the 70's to help low-income familys get houses. It was called the (CRA) Community Reinvestment Act (google it) which wasn't a bad idea if done right. It helped alittle but in 1995 Bill Clinton expanded the CRA by placing more requirements on it that forced banks to offer $1 Trillion in "Sub-Prime" loans or face penalties (Goverment Sponsored Security).

Bear Stearns, Fannie Mae would guarantee mortgages then sale that debt to Banks and investors. So, the more mortgages issued the more money Fannie Mae makes. They would tell the banks to issue the "guaranteed" loans with 'no money down' 'no credit' or even 'bad credit', as long as they paid the interest.
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So, home owners started to grow and so did the price of housing. BIG PROBLEM!! Between 2004-2005 interest rates shot up and so did gas prices so paychecks got squeezed. Borrowers stopped paying so banks stopped lending and the sub-prime market collapsed in 2007. Foreclosures piled up, no buyers, only sellers. Home prices started falling and even more borrowers stopped paying and Fannie Mae "guarantees' became worthless because they kept over stating their assests.

Banks collapsed due to worthless Government Sponsored Securities issued by Fannie Mae. So, here we are today....
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Why is the Community Reinvestment Act to Blame? Before CRA expansion home prices increase with inflation but, after the CRA, home prices became unhinged from inflation. CRA caused home prices to rise too fast which caused this 'bubble' everyone was talking about.

Did this have to happen? NO! Someone tried to stop it in 2003 and you will never guess who....The Bush Administration wanted "...regulatory overhaul of the housing finance industry which would create a new agency withen the Treasury Department to assume supervision of Fannie Mae and Freddie Mac, the government-sponsored companies that are two largest players in the mortgage lending industry." But, the Democrats stopped it, siting "...it would diminish their ability to finance loans for lower-income families."

Someone else tried to stop it in 2005 and you will never guess who...John McCain ...LOL!!! He co-sponsored a bill called "The Housing Enterprise Regulatory Act of 2005" (google it please www.govtrack.us Bill S-190). The bill would regulate Fannie Mae and Freddie Mac yet once again, the Democrats blocked it. It came back in 2007 but still no luck, because Fannie Mae had Friends in the Senate....

Chriss Dodd (D-CT) and Barack Obama (D-IL) covered Fannie Mae's backside and you will never believe who Obama selected to help choose his VP running mate, Jim Johnson - [CEO of Fannie Mae (1991-1998) etc...] who quit Obama's campign in June 2008 after he came under-fire. And you will never guess who Obama gets economic advice from, Franklin Raines - [Carter Administration (1977-1979 when CRA was first enacted) Vice Chairman Fannie Mae (1991-1996 when CRA was first expanded) CEO of Fannie Mae (1999-2004)] who resigned due to accounting irregularities.

Obama recieved FOUR-TIMES more money from Fannie Mae per year than any other senator over the last 20 years (49 Times less than John McCain). And you will never guess who worked at a law firm (Miner, Barnhill & Galland) that sued banks for not issueing enough Sub-Prime loans....Yes, Barack Obama.

"You're blaming King and JFK being killed for the Chicago riots at the Dem convention?"

I'm telling you to keep your head down, Ryan. You are Mickey Mouse in the Sorceror's Apprentice. You really know nothing about the forces you are invoking. Neither did the Boomers in the 60s.

So when will ABC get around to the RNC ad attacking Obama and Democrats for passing the bail out plan while their leaders said they were trying to pass it? Funny how it was produced before the vote was taken.

but wait...... if you order today:

Former House Speaker Newt Gingrich was working aggressively behind the scenes to defeat the Wall Street rescue plan minutes before he himself released a public statement in support of the package, reported on Tuesday.

Gingrich was whipping up votes for the opposition, apparently without the knowledge of the current GOP leader, John Boehner, who was responsible for recruiting enough support from his caucus to help ensure the bill's passage. Ultimately, the GOP was only able to rally roughly a third of its members.

"Newt Gingrich," "I am told reliably by leading Republicans who are close to him, he was whipping against this up until the last minute, when he issued that face-saving statement. Newt Gingrich was telling people in the strongest possible language that this was a terrible deal, not only that it was a terrible deal, it was a disaster, it was the end of democracy as we know, it was socialism -- and then at the last minute [he] comes out with a statement when the vote is already in place."

Indeed, shortly before the bill's failure, Gingrich "reluctantly" came out in favor of its passage: "Therefore, while I am discouraged at the final collapse of the Bush Administration, and frustrated by the Democrats' passion for the taxpayer's money, I would reluctantly and sadly vote for the bailout were I still in office."

Mission Accomplished

more 'Country First'... fraud

"Sen. John McCain (R-Ariz.) and his top aides took credit for building a winning bailout coalition – hours before the vote failed and stocks tanked.

Shortly before the vote, McCain had bragged about his involvement and mocked Sen. Barack Obama for staying on the sidelines.

“I’ve never been afraid of stepping in to solve problems for the American people, and I’m not going to stop now,” McCain told a rally in Columbus, Ohio. “Sen. Obama took a very different approach to the crisis our country faced. At first he didn’t want to get involved. Then he was monitoring the situation.”
McCain, grinning, flashed a sarcastic thumbs up.

“That’s not leadership. That’s watching from the sidelines,” he added to cheers and applause.

John McCain, a few hours later when the bailout failed:

“Sen. Obama and his allies in Congress infused unnecessary partisanship into the process. Now is not the time to fix the blame. It’s time to fix the problem,” McCain said in a hastily called statement to the press here today."

Mission Accomplished

Country First? I think not....

..."The Republican National Committee’s new advertisement critical of the the Wall Street “bailout” ...
was produced and sent to television stations in key states... before ...the package failed, officials at two stations said.

While the Republican Leadership was shaking hands and allegedly rallying their troops to vote for the plan, they were already cutting ads to bash the Democrats.
This is why only Republicans in safe seats and leadership positions voted for it. Yesterday, they went out and blamed Pelosi for injecting partisanship into the process, causing the bill to fail, when actually they wanted it to pass so they could… use it against the Democrats.
And they were not even hiding it- this was what many online had openly said they should do, and the commercials were ready to bash the Democrats for passing the plan.

Except the plan failed. And the Republicans are caught red-handed, and will pay the price should things melt down. Not that half the GOP base or the Republican Study Group care- half of them probably think an economic disaster is an alternate route to the Rapture.

The only thing you can count on in politics these days is the sure-fire bet that when the chips are down, the Republicans always, always always put themselves first. These guys need a solid two decades in the minority."

Mission Accomplished

"ryan, you are being deliberately misleading. Obama is, according to independent organizations that keep track of the money, the second-highest (or maybe it was third?) recipient of Fannie and Freddie money in Congress, even though he's only been there a few years"

Who's misleading?

The McCain campaign thru joint fundraising has taken in $189,000 from Freddie Mac & Fannie Mae this year alone.

Obama campaign has taken in $16K this year and throughout Obama's entire time in public service has gotten about $120K in donations.

Rick Davis was bought & paid for his access to McCain. His firm got $15K a month this year. And He collected over $2,000,000 from them from 2001 to 2006.

That went in his and his company's POCKETS. Not to the campaign but directly funding his life.

And that says nothing about the millions Charlie Black made lobbying for them or the 24 other McCain staffers who lobbied or worked for them.

I wanted to point out two AP stories that deal with a proposal to raise the FDIC limit. The first story says that Sen. Barack Obama supports such a proposal. That is, frankly, shocking, since the idea was actually proposed by House Republican negotiators on Saturday evening, but was strongly rejected by Senate Democrats. Rep. Chris Shays has introduced this proposal as legislation (H.R. 7235). The second AP story mentions the House GOP support for this proposal.

Why is Sen. Obama embracing a proposal his colleagues rejected? Why did Senate Democrats reject the proposal initially? Have they all changed their minds, or is Sen. Obama breaking with his colleagues? Interesting questions …

ryan, you are being deliberately misleading. Obama is, according to independent organizations that keep track of the money, the second-highest (or maybe it was third?) recipient of Fannie and Freddie money in Congress, even though he's only been there a few years and the number one fellow, our pal Chris Dodd, has been taking Fannie/Freddie money for as long as there has been Fannie/Freddie money to be taken. PUlling out the current year, when most of his disgraced F/F cronies have been working on his campaign and he's been actively trying to avoid the APPEARANCE of taking money from folks he is simultaneously pretending to be against (like having lobbyists' wives contribute but not the lobbyists themselves), is the height of hypocrisy.

Those same independent groups credit McCain with being far down the list of recipients despite his years in Congress-- not even in the top 50, as I recall, and definitely not in the top 25. And stop trying to pull that "Rick Davis's firm" crap -- Davis does not lobby or take money from lobbying and has not collected money from the company this year at all. So that fact that former colleagues may have taken money to lobby on behalf of Fannie/Freddie is completely unrelated to the issue at hand. AFter all, we're not supposed to be concerned about Biden's brother and son being ACTIVE lobbyists for banking/credit card firms. Let's be consistent and honest in our criticism.

So, you know, we’re getting stampeded here to vote for something that doesn’t help homeowners, that doesn’t do anything about foreclosures, that doesn’t help those people who have been in bankruptcy and are looking for a way out. As a matter of fact, it made sure they can’t get out. So, who’s this for? It’s for speculators. It’s to play a game that provides some temporary help in the market, and, you know, you might see an uptick today if this passes the House. On the other hand, if it doesn’t, we need to be ready to find a way for Wall Street to address its problems without having to tap the increasingly diminishing resources of the federal taxpayers.