Someone Else's Thoughts

Just thought I'd share someone else's thoughts with you today.

Remember that day...So when someone tries to blame Bush . . . 

REMEMBER JANUARY 3rd, 2007.... THE DAY THE DEMOCRATS TOOK OVER CONTROL OF CONGRESS.
Bush may have been in the car but, the Democrats were in charge of the economic gas pedal and the banking steering wheel as the economy was driven into the ditch.
January 3rd, 2007 was the day that Barney Frank(D) took over the House Financial Services Committee and Chris Dodd(D) took over the Senate Banking Committee. They became the Chairmen. The economic meltdown that happened later was in BANKING AND FINANCIAL SERVICES.

Barney Frank, Chris Dodd, Nancy Pelosi, and Harry Reid are largely responsible for taking us from nearly 13,000 DOW, 3.5 GDP growth, and 4.6% Unemployment...into this CRISIS.

Among MANY other things, they ordered 5-6 TRILLION Dollars of toxic loans be forced into the economy. They became virtually worthless after their ultra-liberal and fiscally irresponsible Fannie Mae and Freddie Mac mandates and policies blew up. The ones that ordered that everyone is entitled to a house...no credit checks...no money down....that’s the “fair” way to run the U.S. housing and banking system. Oh yeah, and be sure to bundle up all those trillions of dollars of risky loans and sell them as investment securities to pension funds, retirees, whoever they could unload them on. Those were the toxic loans that wiped out investors and sank the banks.

President Bush asked Congress 17 TIMES to stop Fannie & Freddie because it was financially risky for the US economy to operate housing financing that way. Barney Frank(D) blocked it and called it Bush’s objections "Chicken Little Philosophy". He said the sky would not fall.

And guess who took the THIRD highest pay-off, campaign contributions, from Fannie Mae AND Freddie Mac? OBAMA.

And who fought against attempts to reform Fannie and Freddie? OBAMA, and the Democrat Congress. And three former heads of Freddie and Fannie, all disgraced and forced to resign, are Obama’s chief economic advisors at this moment."

You can do the FACT CHECKING  yourself.  I'm certain there are other informed points of view not congruent with this.