Article
Posted 09-30-2008 at 06:25 PM by Sweet
http://speaknowamerica.org/2008/09/1...-biden-bidens-
Another Obama Lie…He and The Liberal Socialist Democrats Are the Ones Causing Housing Crisis !!
The liberal socialist Barack Hussein Obama is lying again. Obama blames Sen. McCain and President Bush for the housing crisis, for the collapse of Fannie Mae and Freddie Mac.
Ask Obama who received the 2nd highest campaign contributions in the last 3 years from Fannie Mae and Freddie Mac? The answer is the liberal socialist Barack Hussein Obama. The lying Obama that says he doesn’t take that kind of money.
Ask who received the most in campaign contributions during that same period. The answer is another liberal socialist democrat, Sen. Christopher Dodd from Connecticut.
Also topping the list is Senator. Joseph Biden and his son, Hunter the Washington lobbyist. I haven’t heard the biased liberal socialist press tell you about this. Isn’t it funny how they pick and choose which parts to tell?
Here was the beginning of the demise of Freddie Mac and Fannie Mae, thank you Andrew Cuomo and President Bill Clinton.
On, Sept. 12, 2000 Housing and Urban Development Secretary Andrew Cuomo unveiled a new program that made the dream of homeownership achievable for more than one million working families that had been receiving HUD Section 8 rental assistance vouchers. Under the program, they allowed the Section 8 rental vouchers to be used to purchase homes.
“Homeownership is the best way to build strong, vital neighborhoods,” Cuomo said. “Under President Clinton’s leadership, homeownership rates in the U.S. reached record levels. Thanks to the legislation he signed, today we can tell 1.4 million families you don't have to be a renter forever, you can be an owner, and we're going to help you do it.”
This new program reflected years of work by the Clinton Aministration, Secretary Cuomo announced the program during a speech in New York at Columbia University’s prestigious Moran Weston Lecture Series.
The housing financial problems started under President Bill Clinton, not George W. Bush. President Clinton started the "home for everyone" philosophy, lenders were then put into position to make bad loans or lose other benefits under the Clinton’s administration.
(The bulk of those high risk mortgages have now gone into foreclosure, adding to the credit crisis, and are not nearly worth the price of the mortgage that they were sold under. In other words, the properties cannot be sold at the original value of the original mortgage,,,someone will have to pay the difference,,,,namely, the American taxpayer.)
Will the biased liberal socialist press tell you this? Never. The liberal socialist democrats now are circling their wagons.
Sen. McCain said long ago Fannie Mae and Freddie Mac needed to be checked, that problems were brewing.
President Bush tried to get some regulations passed for Fannie Mae and Freddie Mac but the liberal socialist democrats blocked any (legislative)changes.
(Legislation backed by McCain, for which Congressional Rep. Davis is now apologizing for having opposed, and stating that he would hope that more Dems would also acknowledge.)
Is that because the liberal socialist democrats were being paid by Fannie Mae and Freddie Mac? I apologize, receiving large campaign contributions?
The liberal socialist democrats created this problem. They rather than deal with it they keep the problem going.
They would like to blame Republicans for the mess but it is the Democrats mess and the Republicans who tried to fix the problem.
America do you really want the liberal socialist controlling anything, never mind the country?
Another Obama Lie…He and The Liberal Socialist Democrats Are the Ones Causing Housing Crisis !!
The liberal socialist Barack Hussein Obama is lying again. Obama blames Sen. McCain and President Bush for the housing crisis, for the collapse of Fannie Mae and Freddie Mac.
Ask Obama who received the 2nd highest campaign contributions in the last 3 years from Fannie Mae and Freddie Mac? The answer is the liberal socialist Barack Hussein Obama. The lying Obama that says he doesn’t take that kind of money.
Ask who received the most in campaign contributions during that same period. The answer is another liberal socialist democrat, Sen. Christopher Dodd from Connecticut.
Also topping the list is Senator. Joseph Biden and his son, Hunter the Washington lobbyist. I haven’t heard the biased liberal socialist press tell you about this. Isn’t it funny how they pick and choose which parts to tell?
Here was the beginning of the demise of Freddie Mac and Fannie Mae, thank you Andrew Cuomo and President Bill Clinton.
On, Sept. 12, 2000 Housing and Urban Development Secretary Andrew Cuomo unveiled a new program that made the dream of homeownership achievable for more than one million working families that had been receiving HUD Section 8 rental assistance vouchers. Under the program, they allowed the Section 8 rental vouchers to be used to purchase homes.
“Homeownership is the best way to build strong, vital neighborhoods,” Cuomo said. “Under President Clinton’s leadership, homeownership rates in the U.S. reached record levels. Thanks to the legislation he signed, today we can tell 1.4 million families you don't have to be a renter forever, you can be an owner, and we're going to help you do it.”
This new program reflected years of work by the Clinton Aministration, Secretary Cuomo announced the program during a speech in New York at Columbia University’s prestigious Moran Weston Lecture Series.
The housing financial problems started under President Bill Clinton, not George W. Bush. President Clinton started the "home for everyone" philosophy, lenders were then put into position to make bad loans or lose other benefits under the Clinton’s administration.
(The bulk of those high risk mortgages have now gone into foreclosure, adding to the credit crisis, and are not nearly worth the price of the mortgage that they were sold under. In other words, the properties cannot be sold at the original value of the original mortgage,,,someone will have to pay the difference,,,,namely, the American taxpayer.)
Will the biased liberal socialist press tell you this? Never. The liberal socialist democrats now are circling their wagons.
Sen. McCain said long ago Fannie Mae and Freddie Mac needed to be checked, that problems were brewing.
President Bush tried to get some regulations passed for Fannie Mae and Freddie Mac but the liberal socialist democrats blocked any (legislative)changes.
(Legislation backed by McCain, for which Congressional Rep. Davis is now apologizing for having opposed, and stating that he would hope that more Dems would also acknowledge.)
Is that because the liberal socialist democrats were being paid by Fannie Mae and Freddie Mac? I apologize, receiving large campaign contributions?
The liberal socialist democrats created this problem. They rather than deal with it they keep the problem going.
They would like to blame Republicans for the mess but it is the Democrats mess and the Republicans who tried to fix the problem.
America do you really want the liberal socialist controlling anything, never mind the country?
