Just Saw This Attack Ad on TV Here in North Carolina

This ad is RIGHT ON THE MONEY, and is all over the air in the Hampton Roads area of Virginia. It's also all over the Internet.

Middle-Americans are beginning to realize that the abandonment of traditional lending standards caused this mess. Their neighbors, who shouldn't have been approved for loans in the first place, will get their mortgages lowered by tens of thousands of dollars to make them more "affordable," while these responsible homeowners still owe the entire amount on homes that are now worth far less. Further, they have been responsibly saving for entirement, and now the air has been let out of their 401Ks and retirement plans. So their home values have been hit, their retirement plans have been hit, and the DEADBEATS reap the rewards.

All because Barney Frank and his ilk wanted home ownership to be "more affordable" for the poor, and forced lenders to abandon appropriate lending standards and norms. There is huge middle class anger forming right now. Responsible citizens are FURIOUS, and aiming that fury at the social engineers on the left.

I live in Northern Virginia and have seen this ad quite a bit. Rightchange (see I even know their name they run so many ads) is spending a fortune in Northern Virginia.

Jake,
I live in Raleigh and have not seen the ad. In fact, McCain really has not advertised much at all here. Nor has he appeared here much. I've seen far more Obama ads and he has been here several times. McCain has taken North Carolina for granted. I think he may be in for a rude awakening. So will Elizabeth Dole. North Carolina is far more diverse than Republicans give it credit for.

john, no it is NOT the poor people's fault. It is the greedy individuals who preyed on the poor and low income families. The greedy individuals who reaped millions as the mortgage loan industry crumbled right before their eyes. It is the DEMOCRATS who protected these greedy individuals at the expense of the poor.

tinat, it was Jim Johnson who headed Sen. Obama's VP selection committee until he was forced to step down because of his connections to Countrywide and Fannie Mae.

Rick Davis, McCains Campaign manager was on Freddies payroll untill it was taken over buy the Government.
Randy Scheunemann, McCain's foreign policy head was a freign agent as recently as this spring.

Now tell me again who's campaign is in hock to special interests.

Yep, It's all the poor peoples fault.

You who buy this are fools. Don not come to me for help when McCain destroys this once proud country.

umm, does anyone care that Jim Johnson hasn't woked for fannie freddie since 1998...is he really responsible for the company problems 8 years later?

"...Pathetic..."
"Desperate times call for desperate measures."
"The Erpubs will do anything to fool America into believing Republican policies didn't cause this disaster."
"Obama has got nothing to do with Raines and Johnson."
"Way to help spread the lies."

YOU JUST CAN'T HANDLE THE TRUTH! It was the DEMOCRATS--during the Clinton Administration-- who, in their attempt to have more low income families own homes, passed regulations that FORCED lenders to LOWER their lending standards and THREATENED banks with heavy penalties and fines if they did not make the loans--REGARDLESS of whether the individuals had the means to pay the loans.

The Bush Administration and GOP senators tried for years to get the Senate to implement stricter oversight of Fannie Mae and Freddie Mac. But even though the Republicans held the majority in the Senate from 2003-2006, the DEMOCRATS WERE ABLE TO BLOCK EVERY ATTEMPT because it requires 60 votes in order have the entire Senate vote on a bill.

In spite of the warnings of the abuses and how they could effect our economy, the DEMOCRATS CONDEMNED the warnings and PROTECTED the abuses.

Yes, Franklin Raines and James Johnson HAVE advised Sen. Obama's campaign. James Johnson "earned" $21 million in just his last year at Fannie Mae (1998). Franklin Raines "earned" $90 million in his five years at Fannie Mae (1999-2004).

Sen. Obama received $126,349 from Fannie Mae in his first three years in the Senate.

So the DEMOCRATS ran Fannie Mae and Freddie Mac to the brink of bankruptcy. And it was the DEMOCRATS who FORCED the lowering of the lending standards which caused our current crisis. AND NOW YOU WANT TO GIVE THE DEMOCRATS LARGER MAJORITIES IN BOTH HOUSES AND THE KEYS TO THE WHITE HOUSE!!!!

Played in Florida too. Bunch of c#$p.

it plays in the los angeles area too

ACORN for Katrina relief. I am so sick of hearing about Katrina...those people down there got money and what did they do with it..bought jewelry, big screen tv's and who knows what other luxury items and are still belleyaching for more. The midwest was flooded, why didn't we hear from them wanting their share of the money. Those folks had pride and jobs...yeah that's right.
In Texas, Galveston almost distroyed, where are the beggers there. They weren't and aren't waiting for a handout. With Obama....you ain't seen nothing yet!!!

Jake, thanks for the link. This ad adds more fuel to the fire of what I have been saying for weeks, obama is on the take and now he has these guys, who knew they were creating an economic disaster, working for him. Obama cannot be trusted with our country. The change he wants will not be the change he is advocating to the public.

Should read:

Paulson wouldN'T go

Linda

Henry Paulson was on TV here on Australia's Channel 10's Meet the Press he said Obama was in contact with him daily he also said Obama was calm and clear in what he wanted and what he wouldnt accept...

Paulson would go into McCains reaction which was the butt of many jokes down here McCain looked like a headless chicken running here and there against it then for it.

PS We have the same system of voting in South Australia as Chicargo in you vote present so as not to kill a bill that with changes you would either vote for.
In Victoria Australia you can only vote for or against!

Please understand that different states have different voting systems!

DURING THE BAILOUT FALLOUT- BO WAS HUGGING THE FENCE SAYING- CALL ME IF YOU NEED ME, IN OTHER WORD SAYING I AM PRESENT AGAIN. HIS BUDDIES THE DEMOCRATS WERE THE ONES WHO PUSHED BANKS TO LOAN PEOPLE WITHOUT JOBS, A DOWN PAYMENT OR CREDIT- MONEY FOR HOUSES THEN THET POINT THEIR FINGER AT EVERYONE ELSE. AT LEAST MCCAIN TRIED TO COME UP WITH A SOLUTION VS THE DO NOTHING BO.

1977 - ACORN (Association of Community Organizations for Reform Now) liberal activist Martha Talbot NOTED PROUDLY that her organization and political allies were "DRAGGING BANKS, KICKING AND SCREAMING" into making these loans — hardly the free market at work.

For voicing what turned out to be very legitimate concerns- banks were labeled "racist" by the SAME political opponents who are now blaming them as "greedy.

Yes. Check opensecrets and I think you'll find that it's more accurate than not.

According to the Wall Street Journal- the staunchest defenders of Fannie were members of the Congressional Black Caucus. By a strange coincidence- the Fannie Mae Foundation was making annual contributions to the Caucus. And get this – Maxine Waters (D-CA) “cooed all over Mr. Raines” and Clay Lacy (D-MO) “played the race card by calling the hearings a ‘political lynching’ of Mr. Raines.”That would be Franklin Raines- an African American who stepped down as chairman and CEO of Fannie Mae on December 21 2004. This followed an investigation by the Office of Federal Housing Enterprise Oversight (OFHEO) and the Securities and Exchange Commission (SEC) that accused Fannie of cooking the books so that its officers could “earn” big bonuses. Two years ago- the OFHEO filed suit against Raines to try to recover the $50 million in payments that were made to him based on the faulty accounting. He settled for a small fine that was paid by Fannie’s insurance company.

former Clinton Commerce Secretary William Daley who served as a Fannie Mae board member collecting stock options and director’s fees and whose son Bill Jr. was a Fannie Mae lobbyist from 2002 until 2005. His connection to Obama: The Politico reports that he is serving as an advisor for the senator and he has been mentioned as a potential Treasury Secretary in an Obama administration.