" When Republican politicians get into trouble- Democrats call the entire GOP a culture of corruption.

BUT

When Democrat politicians get into trouble- Democrats call for unity across party lines. "

" Dohdoggy continues to pollute these threads with his non stop whining. Get over it Doh, your side lost! lol... "

" And you didn't hear too much clamoring from the GOP for Larry Craig to resign after his little public toilet escapade deal, did you, Doh? lol... "

" Unlike the Republican party which has a long history of corruption, the Dems have to deal with it so rarely that their not sure how to act. lol... "

" Nice article here Herb. As for giving jabs to the upstate people I had a good one I used while I was a trucker. When I would meet people from Illinois I'd ask them what part of Illinois. If they'd say a place around Chicagoland I'd get disgusted and tell them "Thought you said you were from Illinois"..

It disgusts me to think that only NOW when the Feds got Blago on tape that there is "evidence of an impeachable act".. I think it's more the fact that this is one that cannot be ignored.

I've been saying for months that we the people of Illinois could not wait for 2010 to get rid of him...if what's left of the state government in Springfield drags even one toe in the impeachment process, it will finish this state. We have become a laughingstock now, and the ONLY way to start to change that is to take immediate action. By this time next week we'd best have a different governor. THAT would show the rest of the country that we aren't as the rset of the country is portraying us as. "

" This one goes out to my number one fan:

Harry (BlueDog is much more mature than I am) Potter!

Enjoy, Slow-drip!



A Little Blago for Everyone


For partisans, theres the schadenfreude that comes with watching the Democrats - self-proclaimed anti-corruption zealots in recent years explain why Blagojevich shouldnt be lumped in with Congressmen Charlie Rangel (cut himself sweetheart deals), William Jefferson ($90,000 in his freezer) and Tim Mahoney (tried to bribe an aide he was sleeping with not to sue him and you thought romance was dead) as part of a new Democratic culture of corruption storyline.

- Jonah Goldberg "

" For partisans, theres the schadenfreude that comes with watching the Democrats - self-proclaimed anti-corruption zealots in recent years explain why Blagojevich shouldnt be lumped in with Congressmen Charlie Rangel (cut himself sweetheart deals), William Jefferson ($90,000 in his freezer) and Tim Mahoney (tried to bribe an aide he was sleeping with not to sue him and you thought romance was dead) as part of a new Democratic culture of corruption storyline.

---------

You forgot to talk about Duke Cunningham, Ted Steven and Tom Delay. These are a few of the money grubbing Republican crooks. We won't go into the perverts like Craig and Foley. lol!

Are you sure you want to got into corruption by either party Doh. If so, I suggest we limit it to modern times, starting with the infamous Nixon and Agnew duo. "

" Illinois will never unite. We cant because there is 2 people in this state. Them "Chicago" and Us "The rest". "

" You know its funny-

Obama is still a month away from taking office, yet:

between the stench of his backtracking policy changes (known as LIES to sane people)

his undeniable denial of ties to Daley's corrupt Democrat regime know as, "The Chicago Way"

His dirty dealings with his dirty Democrat pal Blago (who apparently is insane- IF he knows what's good for him)

And his clumsy (if not completely amateur) handling of this entire stink-bomb

It somehow feels like the Conservatives actually WON this election!

Can you say- Pyrrhic victory?

Well, you're looking at it. LOL "

" (Are you sure you want to got into corruption by either party)

Oh- so you agree that the Democrats are just as dirty as the Republicans, eh Hairball?

And that the Democrat "Culture Of Corruption" meme was the height of hypocrisy- right Slow-Drip?

Oh and, let's not forget about the Democrats latest global disaster: Fannie Mae and Freddie Mac.

And of course- all those Obama backtracking-campaign lies, not to mention his Blago involvement.

"Hope and Change"- Harry?

Good Times. Good Times. LOL "

" Post for this yesterday failed to pass the mustard with the censorship, so here is another version.

Rods latest legal issues have been world news, for most of the last week. His issues in the prarie state, are far from new, and folks have been united against the complete gridlock in springfield for a couple years now. Now springfield has a patsy to shift all blame for not doing their job for years, when he leaves office so should their excusses, one might think.

For anyone to think the climate in the highest office in the state, got to the point of this weeks criminal complaint, and the only two folks with pertinent knowledge were Rod and a lackie, ostrich and emu farming may face serious backlash in this state.

This is an opinion, so I will cut the writer some slack, see censored post.

Uniting to mob action, for a fool like Rod, would yield exactly what benefit. Evidently we need to have all our corruption in this state rooted out by the feds. From investment schemes locally, to various other levels of corruption by people in positions of public trust, it seems only the feds can or will take any responsibility for uncovering, and prosecuting various forms of fraud, bribery, and extortion.

Something about that dynamic of legal responsibility, needs to change. The corruption in the governors office, is unique, who could investigate, prosecute, and keep it covert and maintain integrity of evidence and what not, from within our own state. Forming a corruption enforcement task force from within this state, would compare to hiring a junkie as night watchman at a pharmacy.

Corruption and various violations of public trust, have little consequences. Ryan got 6 years and is hoping 1 is plenty. From business fraud, to public official misconduct, there needs to be truth in sentencing, and many of them need to bring 20 to life, for the far reaching impacts they cause. If Illinois ever hopes to shed the most corrupt status they have now become world renowned for again, they have to put some constitutionally viable severity to the punnishments for these crimes. Seizing assets, long hard time, and in severe cases they never see the light of day as free individuals again.

A state, where someone can face 8 years in prison, for murder with a gun, has legal enforcement issues across the spectrum. We have devolved to parities in consequences, that place Ryans conviction and murder within two years of eachother in sentencing. If murder were still held at 20 to life, that would not be so out of line. Now less serious crimes bring harsher sentencing, and criminals usually are quite cognisant of reality, when it comes to consequences. At some point it became better to face the system for murder or public office and business corruption, than it does for many other crimes.

Consequences are the sole restraint of criminal behavior. From prosecutions, to sentences, how they are carried out and implimented are the sole reason for crime and corruption, gaining the boldness and blatant disregard for increasingly unheard of actions taking place and becoming prevalent.

We have an empty prison, and don't forget grayville, the winner of the proposed facility a few years back. This state has devolved back to its cheaper to keep a revolving door system, than to actually take crime and punnishment seriously. I do not wish to have us become a three strikes state, but serious crime, needs to be taken seriously, and some individuals, need to be kept out of the population indeffinately for the crimes they commit against it. We can't let law enforcement and justice be subject to budget squabbles, and wrangling, any more than we can afford to let education drift in these same tide pools of ebb and flow enthusiasm toward maintaining them. Justice and education, are the keys to reversing the trends of crime and corruption. Continuing to intermittently provide portions of solutions, to these problems, is exactly why we are in the state that is in the state it is in. "

" It somehow feels like the Conservatives actually WON this election.

Huh?

Only our delusional friend Doh could have come up with that idiotic piece of spin. Well Doh and possibly Fox news.

No Dohdoggy, your side lost, you're just unable to accept it. It's just going to take a little time for you.

But we'll be patient with you.

Most of us understand your problem facing reality and all.

I sincerely hope you're not on hallucinogens, you do know they distort objective reality, don't you my friend. lol!

Now go take a little nappy, and dream visions of yellow cake and Bush's victory strut on that carrier those many years ago. You do remember that don't you? Can't you just see that mission accomplished banner? "

" Oh- so you agree that the Democrats are just as dirty as the Republicans, eh Hairball?

Not at all Dohdoggy, and as usual the point went right over your head. I try to dummy things down for you the best I can, but I guess I need to try harder to talk in terms you might be able to understand. "

" Good grief. Palin's church gets hit by an arsonist and the wing nuts start blaming the Democrats right away. Has any one checked Sarah whereabouts? Perhaps she's trying to extend her 15 minutes, after all this does give her an opportunity to get in front of the cameras again.

Is arson another Republican family value? lol!... "

" It looks like ole Harry is feeling all perky from his afternoon nap.


Remind us again HairBall-

When did Barry Hussein Obama say he was pulling those evil invading American troops out of Iraq?

Oh and, did Barry's camp talk to Blago or not, about Obama's Senate Seat?

And while we're at it-

Does Obama support that evil "illegal" wire-tapping or not, HarryBall?

And will Barry Hussein Obama prosecute those diabolical terrorist interrogators?

And will Barrak (say anything) Obama, be taxing those Big Evil Oil Companys windfall profits?

-And didn't Hussein Obarry Bama just build the majority of his Administration out of former Clinton picks?

-And wasn't that the very same Clinton Administration that said Saddam had WMD and a cozy relationship with Al Qaeda?

-And didn't Obama's just state that Iran really IS a nuclear threat now; contrary to his claims during the campaign?

-And didn't Obama's camp just say that his Admin would launch a nuclear attack on Iran if they launched on Israel?

Now Hairball, tell us again what you blind Liberal sheeple won in the last election, and how that translates into a 'victory" on these points? "

" (Not at all Dohdoggy, and as usual the point went right over your head. I try to dummy things down for you the best I can)

Oh, fear not Harry, you couldn't possibly "dumb" things down anymore than you naturally do.

In fact, I'm waiting for you to somehow STOP "dummying" down your ability to comprehend.

By the way, nice "dumbed down" dodge Harry. But then, that's the only kind you're capable of. LOL "

" (Palin's church gets hit by an arsonist and the wing nuts start blaming the Democrats right away)

Come to think of it.......where's that wing-nut fatherbobby been lately?

Hmmmmmm.......?

LOL "

" Always use small bills when buying "Hope" from a Chicago Democrat.

They have a tendency to keep the "Change".

-BDD "

" Remember, folks, If Obama fires Fitzgerald when he takes office that means he's guilty and trying to kill the investigation. But if Obama retains Fitzgerald when he takes office, it'll be a sign of a payoff for Fitzgerald for not indicting him.
Doggy Doh will keep us posted on whether Obama is guilty or guilty. "

" Hey BlueDog, maybe you should be thinking about switching to decaf. "

" Anyone who would seriously try to defend Illinois' corrupt Democrat machine is obviously a brainwashed partisan idiot. "

" Remember folks- don't ask Scut Farkus (AKA The Question) about the ongoing investigation of Obama's Sec of Commerce- Bill Richardson's donors.

Oh and definitely DO NOT ask him about the biggest Ponzi scheme EVER, perpetrated by a noted DEMOCRAT donor.

Oh and PLEASE DON'T REMIND SCUT, that Obama lied about contacting Blago.

Question will keep us posted on whether Obama: "misspoke" "clarified" or "never heard of any of this". "

" The Question wrote on Dec 15, 2008 11:01 AM:
"Obama is guilty or guilty. """"


darn tootin' there Q. since not being sworn into office, he's personally caused the economy to collapse, changed our military operations, personally nixed the auto-makers bailout, instigated a new health system, started the holocaust, killed NASA, outlawed christianity, and moved the government to chicago.....and the biggest of all, has pardoned Blaggo from any wrongdoing or prosecution.

and did you know his DNA is on the shoes thrown at bush in iraq???

what next? the cold snap in he midwest??....what a rascal! "

" (brainwashed partisan idiot.)

The correct term, even steven, is Democrat.

That's: DEMOCRAT. "

" (fat-headbob - what next? the cold snap in he midwest??....what a rascal!)

What cold snap fat-head? Haven't you heard- we're in the middle of global warming. "

" BlueDogDemocrat wrote on Dec 15, 2008 4:21 PM:
"Haven't you heard- we're in the middle of global warming. "

i stand corrected, he caused the cold snap AND global warming.....

have a great evening! "

" even steven wrote on Dec 15, 2008 1:16 PM:

" Anyone who would seriously try to defend Illinois' corrupt Democrat machine is obviously a brainwashed partisan idiot. "

----------------

So what would you call anyone who would try to defend the failed Bush administration, even?

How about the most corrupt administration in history, the Reagan administration, were his supporters partisans brain washed idiots too?

And how about those folks who tried to say the ignorant no nothing Palin was qualified to be VP?

Or how about blue Dohdoggy and Jon Vanutta, who think the earth is only 6000 years old?

And how about those same two claiming dinosaurs were on the earth less than 6000 years ago?

You buying any of that stuff, even? "

" Harry you better be careful I think yer chokin on the Kool-Aid swallow it quick man before you can think about it! "

" (i stand corrected, he caused the cold snap AND global warming......)

Oooooooh, I see.

In other words- the climate was below the Messiah's pay grade.

Have a Barry Christmas and a Happy New Deal! "

" Or how about-

You Harry,

answer my questions you ran away from yesterday:

-When did Barry Hussein Obama say he was pulling those evil invading American troops out of Iraq?

-Did Barry's camp talk to Blago or not, about Obama's Senate Seat?

-Does Obama support that evil "illegal" wire-tapping?

-And will Barry Hussein Obama prosecute those diabolical terrorist interrogators?

-And will Barrak (say anything) Obama, be taxing those Big Evil Oil Company's windfall profits?

-And didn't Hussein Obarry Bama just build the majority of his Administration out of former Clinton picks?

-And wasn't that the very same Clinton Administration that said Saddam had WMD and a cozy relationship with Al Qaeda?

-And didn't Obama's just state that Iran really IS a nuclear threat now; contrary to his claims during the campaign?

-And didn't Obama's camp just say that his Admin would launch a nuclear attack on Iran if they launched on Israel?

Now Harold, tell us again what you blind Liberal sheeple won in the last election, and how that translates into a 'victory" on these points? "

" How about it blue Dohdoggy, still hiding from the question? Come on now, it's painless. "

" Let me know when you're done with that dohdoggy poster, Harry.

Then maybe you can answer MY questions. "

" How about unit America? It's time the government started working for the people instead of personal gain. "

" Well, Harry, I merely mentioned one side of the corrupt partisan divide. Why do you feel the need to slam the corrupt Republican side? Both "sides" are guilty of all sorts of unethical crap... all in the name of partisan politics. Very few of our elected officials truly represent the people who voted them into office, especially here in Illinois where Republican politicians and Democrat politicians are virtually the same. If you haven't read George Washington's Farewell Address in a while, I recommend it. I share his sentiments and abhor political parties and the corruption they breed. The bickering between parties is just more bread and circuses as far as I'm concerned, and the "news" media is full of partisan hacks spewing misinformation... a foul pablum indeed. "

" I was saddened to learn that at a time of national trial, when a president-elect is preparing to take office in the midst of the worst financial crisis in over seventy years, that the Republican National Committee is engaged in the sort of negative, attack politics that the voters rejected in the 2006 and 2008 election cycles.


The recent web advertisement, "Questions Remain," is a destructive distraction. Clearly, we should insist that all taped communications regarding the Senate seat should be made public. However, that should be a matter of public policy, not an excuse for political attack.

In a time when America is facing real challenges, Republicans should be working to help the incoming President succeed in meeting them, regardless of his Party.

From now until the inaugural, Republicans should be offering to help the President-elect prepare to take office.

Furthermore, once President Obama takes office, Republicans should be eager to work with him when he is right, and, when he is wrong, offer a better solution, instead of just opposing him.

This is the only way the Republican Party will become known as the "better solutions" party, not just an opposition party. And this is the only way Republicans will ever regain the trust of the voters to return to the majority.

This ad is a terrible signal to be sending about both the goals of the Republican Party in the midst of the nation's troubled economic times and about whether we have actually learned anything from the defeats of 2006 and 2008.

Newt Gingrich 12/15/2008 "

" There is a mountain (Mount Everest actually) of evidence against this Administration for the laws they have broken or distorted. We even have Cheney coming out publicly to say he supported and endorsed torture, and still our Congress stands there and does nothing. What does that mean for us as a nation, as a people, and for our Constitution?

Thank God there are still people like Thomas Tamm with the principles, honor and integrity to step up to the plate, come forward, and do the right thing for the right reason. I cant wait until January 20th to see how many more of these people crawl out of the woodwork, and line up to tell their stories. It is never too late to hold these criminals in the White House accountable. "

" Well, Harry, I merely mentioned one side of the corrupt partisan divide. Why do you feel the need to slam the corrupt Republican side?

*********************

Come back and talk to me when you criticise the Repugs, even. "

" Hats off to the liberal posters who deep reminding blue Dohdoggy of Bush's record.

To their credit they have not let him get away with changing the subject.

Doggy thinks he's pulling a fast one with his constant barrage of insults directed toward Obama, but in reality, the more he whines the better Obama looks. So keep it up crybaby blue doggy.

And tell us more about those dinosaurs. lol...

Any thoughts on the Gingrich comments posted by fb? "

" What a shame the libbyards on here are not as willing and eager to work with all people regardless of the party to offer a better solution like Newt Gingrich is. Ironic how you want to use him now but when he was Speaker of the House you hated him and opposed him at every turn. "

" What a pity you libbyards cant be good sheeple and as generous as your messiah.
WASHINGTON (CNN) -- President-elect Barack Obama doesn't often offer praise for President George W. Bush's foreign policy, but on Monday he offered the outgoing head of state accolades for battling AIDS in Africa.
"I salute President Bush for his leadership in crafting a plan for AIDS relief in Africa and backing it up with funding dedicated to saving lives and preventing the spread of the disease," Obama said in taped remarks to the Saddleback Civil Forum on Global Health.
Under the Bush administration, more than 2 million people infected with HIV -- most of them in Africa -- have received lifesaving anti-retroviral treatment as part of the President's Emergency Plan for AIDS Relief, or PEPFAR. "

" If that guy had thrown his shoes at Saddam Hussein he would have been through the shredder by now. George Bush took out Saddam Hussein sure he made a lot of mistakes and is blamed for the deaths of innocent Iraqis but how about we take a look at how many people Saddam would have killed in fact lets just look at how many he killed before even the 1st Gulf War.
(1980-88), 730,000 Iranians died. You will recall that Hussein was the aggressor in this war.
1,000 Kuwaiti nationals were killed in the Iraqi invasion of Kuwait.
100,000 Iranians killed by Husseins chemical weapons associated with the invasion of Kuwait.
In one day, 5,000 men, women, and children were gassed.
180,000 Kurds disappeared
In 1983, Hussein killed of 8,000 members of the Barzani clan.
Between 1988 and 1999, Hussein killed 7,000 prisoners in what was called prison cleansing.
Hussein put to death officers who did not agree to execute people in the street.

Excerpts from- http://answers.google.com/answers/threadview?id=392881

This is an incomplete list and remember this is just those he killed before the Gulf War.
Look at the above web site for more details.

I leave you to draw your own conclusions. Would fewer people have been killed if the U.S. had not participated in the Gulf War? Or would Hussein have continued to kill, even without U.S. intervention?

Do you really think he would have stopped killing?

George Bush has had to take the heat continuously for everything he has accomplished. As I already acknowledged and as the President does himself there were mistakes.

We owe President Bush a debt of gratitude for his work and his steadfast determination in the face of constant criticism. "

" Oh no Harry!

ANOTHER DEMOCRAT SCANDAL!

Florida Democrats have some embarrassing questions to answer after the Palm Beach Post published the voice mails left by a state legislator linking committee assignments to fundraising. Its the third pay-for-play scandal for Democrats in a week, after the Blagojevich arrest and the grand jury proceedings in New Mexico. This example at least has some subtlety to it.

Oh my HairBall, your Democrats are swimming in corruption these days!

HAHAHA!
ROFLMAO!!!!!!

Hey did somebody throw a shoe?

LOL! "

" Don't look now my little ObamaZombie kids!

But uhm..... Obama's starting to get testy at the medias questions about Blago.

LOL

Let's roll the tape shall we!


http://tinyurl.com/5pynmj


Don't those gosh darned reporters know that Obama investigated this and found that Obama is innocent?

I mean REALLY! Don't these guys know Barry is The Messiah? More pure than the Blessed Virgin? More honest than Honest Abe himself? The only man alive who can handle manure from the clean end?

But hey, why don't we let the Liberal Three Stooges in here explain this to us.

Harry, Question, fat-headBob-

have at it boys.

Let the B.S. flow!

woop woop woop nyuk nyuk nyuk!

LOL! "

" woop woop woop nyuk nyuk nyuk!

BDD, you cracked me up on that one! I went to bed laughing so hard I couldn't sleep, thats got to be the sound of those 3 sucking in the Kool-Aid and then blowing it out. I had to get back up and tell you (._.) "

" So what are you trying to say Vanutta? That Bush and Saddam are tied in the number of Iraqi's they killed?

That's really something to brag about. "

" I had to get back up and tell you (._.) "

Of course that was after you said a little prayer for Obama to succeed, wasn't it Vanutta?

Or do you only pray for right wing ideologues? "

" Not near tied Potter that list was just a partial that Saddaam killed even before the first Gulf War. He killed a lot more later and think of all he would have killed if Bush hadn't stopped him. Good chance he might have killed you HP "

" Gaffney: 4,000 Americans Had To Die In Iraq

In a new interview with ABC News, Vice President Cheney claimed that the the case for war had nothing to do with whether Saddam Hussein had WMD; America would have invaded anyway. Today on MSNBCs Hardball, right-wing commentator Frank Gaffney defended Cheneys remarks, saying that the real reason the Bush administration wanted to invade Iraq was because Saddam was a mortal threat to the United States.

Host Chris Matthews was appalled that Gaffney seemed to feel no guilt or remorse than 4,000 Americans died because of the right wings mistakes. Gaffney replied that while it was regrettable anyone had to die, they did have to die:

MATTHEWS: You guys sold the war as a nuclear threat to the United States. A nuclear weapon was going to be delivered by a nuclear delivery device. It was going to take the weapon and drop it here. You sold every trick you could to get us into this war. Now youre back pedaling. And I do find it astounding. The Vice President of the United States is

GAFFNEY: How do you feel, Chris?

MATTHEWS: This is how I feel. Four thousand people are dead because of how you feel. And Frank, youre wrong about this because you dont even seem to care your facts were wrong.

GAFFNEY: Chris, there were

MATTHEWS: You admit your facts were wrong and it doesnt bother you.

GAFFNEY: May I state my position rather than you stating it? May I do that? My position is that its regrettable that any Americans died. It is regrettable that they had to die, but I believe they did have to die. "

" Typical ABC interview, it does not change the fact that millions would have died by Sadaam including many more Americans and George Bush is a patriot for taking the heat and doing what had to be done. "

" wonder how gaffney feels about the million innocent iraqis bush "liberated from life".

surely bush will go down in history along side hitler, stalin and mao. "

" Not near tied Potter that list was just a partial that Saddaam killed even before the first Gulf War.

****************

I guess old Bush is just ran out of time, huh, Vanutta? Is that a new spelling for Saddam? lol! "

" Hey Stooges,

When is your Barry Hussein going to pull those eeeeeeevil invading troops out of Iraq?

And......why did all those eeeeeeevil Democrats site all those eeeeeevil WMD's and all those eeeeeeevil Saddam/Al Qaeda connections as they cast their eeeeeeeeevil votes to go to war with poooooor ole Grandaddy Saddam?

How about all that, Stoogie-Libs? "

" BlueDogDemocrat wrote on Dec 17, 2008 3:03 PM:
" Hey Stooges,

When is your Barry Hussein going to pull those eeeeeeevil invading troops out of Iraq?

And......why did all those eeeeeeevil Democrats site all those eeeeeevil WMD's and all those eeeeeeevil Saddam/Al Qaeda connections as they cast their eeeeeeeeevil votes to go to war with poooooor ole Grandaddy Saddam?

How about all that, Stoogie-Libs? """"


LOL!!.....someone who believes man walked with dinosaurs and believes the earth is 6000 years old expects people to take his opinion seriously?

poor Flintstone....you need to go draw on your cave walls. "

" And......why did all those eeeeeeevil Democrats site all those eeeeeevil WMD's and all those eeeeeeevil Saddam/Al Qaeda connections as they cast their eeeeeeeeevil votes to go to war with poooooor ole Grandaddy Saddam?""""
__________________

UH OH.... old hotdog fred's foaming at the mouth "

" Potter, I believe it was old Saddam that ran out of time things got a little tight for him around his neck. Otherwise many more would have died. That must have broke your heart when he got his neck stretched. Oh in case you might have forgot it was an Iraqi panel that judged him and Iraqis that hung him. They couldn't wait to hang him.
Ellen Knickmeyer Washington Post Foreign Service wrote, "In the south, a Shiite Muslim father held aloft the tiny, shrouded remains of a young son killed long ago during Hussein's armed campaign against the majority sect. The father danced with his son's bones in the street among celebrating crowds, elated at the news."
Yeah those Iraqis sure hated to see him go!
But old GWB is sure a heartless man for getting rid of him. "

" hotdiggitydog....foam over this for a while......and have a great evening!::



400,000 Documents Show It Is A Myth That Fannie And Freddie Caused The Housing Crisis

fanfred.jpgToday, four former CEOs of Fannie Mae and Freddie Mac testified before the House Oversight Committee, in a hearing meant to examine the extent to which the actions and policies of Fannie Mae and Freddie Mac may have contributed to the ongoing crisis.

A favorite pastime of conservatives is to blame the housing crisis on Fannie and Freddie. However, as Rep. Henry Waxman (D-CA) announced at the beginning of the hearing, the 400,000 Fannie and Freddie documents amassed by the Oversight Committee show that it is a myth to say [Fannie and Freddie] were the originators of the subprime crisis:

At an earlier hearing, the minority released a report that called Fannie and Freddie the central cancer of the mortgage market, which has now metastasized into the current financial crisis. The next day, John McCain made a similar statement during a presidential debate in Nashville, stating that Fannie and Freddie were the catalysts, the match that started this forest fire. The documents do not support these assertions.

Fannie and Freddie were undeniably irresponsible in that they purchased risky loans and mortgage securities. As the Washington Post reported today, both Fannie and Freddie were warned that they were investing in risky mortgages that could pose dangers to the firm. Fannie and Freddies chief regulator the Office of Federal Housing Enterprise Oversight (OFHEO) failed to prevent them from investing in toxic mortgages, despite its clear mandate to ensure the safety and soundness of the two institutions.

However, to point to Fannie and Freddie as the catalyst of the crisis is absurd. As Nobel Prize-winning economist Paul Krugman noted, Fannie and Freddie didnt do any subprime lending, because they cant:

[T]he definition of a subprime loan is precisely a loan that doesnt meet the requirement, imposed by law, that Fannie and Freddie buy only mortgages issued to borrowers who made substantial down payments and carefully documented their income.

As the Center for American Progress Action Funds Tim Westrich laid out the real culprits in the mortgage mess are non-bank mortgage companiesthat originated the lions share of bad mortgages at the heart of the crisis:

They made an estimated 50 percent of subprime loans in 2005. Another 30 percent of loans were made by non-bank subsidiaries of banks or thrifts.

Fannie and Freddie should not have bet the farm on risky loans in the midst of a growing housing bubble. However, that, by itself, is not an adequate explanation for the housing crisis. "

" foddy bobby thats just like having the foxes testify about how they raided the chicken house. "hotdiggitydog" "

" Disgust is hardly just focused on Rod, and opinions on any issue are far from united.

Properly responding to ENRON, would have gone a long way to heading of countless corruptions and scandals. Now 7 years later, Madoff walks in and says it was all a 50 billion dollar joke, we are broke, thanks for all the hard work. These two items, could sum up the last 8 years in this country.

If ENRON were handled as it should have been, corporate corruption and scandal, would have likely faced the fire of discouragement it should have. Parties responsible for insuring the integrity of accounting and finance in business and finance sectors, should have been mandated to show more due dilligence in keeping things above board.

There was no apropriate response, it is extremely likely the severe financial pinch, will force untold numbers of not as reported financial and business information out in the open.

Madoff is out on bond and has a home confinement curfew. Hopefully corruption, in business or government is placed at the legal indiscression level it should have been long ago. Hopefully some of these acts are tantamout to treason, only when severe consequences face the perpetrarors, will these types of deception and outright corruption begin to lose the prominence they have found, only facing small fines, and a hand full of years of confinement possible as punnishment. "

" (someone who believes man walked with dinosaurs and believes the earth is 6000 years old expects people to take his opinion seriously?)

Where did I make that claim, fat-headbob?

Show me. "

" Hey fat-headbob (still wiping tears of laughter away)....

You might want to foam over this awhile:

From The BBC Sept 8 2008:

'Implode' risk

There will be no queues outside branches of Freddie Mac or Fannie Mae - quite simply because there are not any.

In fact, despite them guaranteeing or owning just under half of the entire US mortgage market, you cannot actually get a home loan from either firm.

But while they are invisible to the average borrower, the two firms are highly influential institutions and are key to the US housing market.

As one US Treasury official puts it, the two firms are "way too intertwined with everyone in the world" to fail.

Banks around the world are highly exposed to the two companies.

And, given the febrile state of markets across the world, it had become dangerous for doubts to persist about whether they were viable and would be able to keep up the payments on their massive liabilities, said the BBC's business editor Robert Peston.

Almost all US mortgage lenders, from huge financial institutions such as Citigroup to small, local banks, rely on Fannie Mae and Freddie Mac, looking to them for the funds they need to meet consumer demand for mortgages.

The two firms argue that they make home ownership more affordable, lowering the interest rates on the 30-year mortgages that they guarantee.

But their peculiar status has left them in a grey area between being government owned and private sector, with potential risks to the taxpayer should they need bailing out.

Close links

The rescue at Freddie Mac and Fannie Mae contrast with the recent collapse of California-based IndyMac Bank - the second-largest financial institution to fail in US history, regulators say.

IndyMac had been struggling to raise funds and stay in business in one of the states worst hit by the US housing market slump.

Without similar close links to government it could not weather the storm, and went into administration.

But it is clear that Washington wants to keep Freddie Mac and Fannie Mae alive and kicking, not least so that they can play a key role in reinvigorating the housing market.

But there is a strong consensus that the price of not intervening would be far worse.

LOL! "

" And choke on this for a while Fat-headbob:

LOL

Investors Business Daily Sept 22 2008

Subprime's Mentors

Fannie and Freddie, the main vehicle for Clinton's multicultural housing policy, drove the explosion of the subprime housing market by buying up literally hundreds of billions of dollars in substandard loans funding loans that ordinarily wouldn't have been made based on such time-honored notions as putting money down, having sufficient income, and maintaining a payment record indicating creditworthiness.

With all the old rules out the window, Fannie and Freddie gobbled up the market. Using extraordinary leverage, they eventually controlled 90% of the secondary market mortgages. Their total portfolio of loans topped $5.4 trillion half of all U.S. mortgage lending. They borrowed $1.5 trillion from U.S. capital markets with wink, wink an "implicit" government guarantee of the debts.

This created the problem we are having today.


Oh and fat-head,

Nobel Prize-winning economist Paul Krugman is a Left-Wing dyed-in-the-wool NewYorkTimes moonbat. It's no surprise he would be helping his Deomcrats in Congress to re-write history.

Some of us won't be letting you Lib-Stooges get away with it.

LOL "

" BlueDogDemocrat wrote on Dec 17, 2008 6:45 PM:

" And choke on this for a while Fat-headbob:

LOL

Investors Business Daily Sept 22 2008
__________

hey moron!!!.......an article from SEPTEMBER 22...ROFLMAO!!.....yep that's you and your up-to-date-info!!!

and just HOW ignorant are you???....oh.....nevermind...LMAO!!! "

" BlueDogDemocrat wrote on Dec 17, 2008 6:20 PM:

" (someone who believes man walked with dinosaurs and believes the earth is 6000 years old expects people to take his opinion seriously?)

Where did I make that claim, fat-headbob?

Show me. "

*********************

Your steadfast refusal to deny the about statement would indicate your agreement with your buddy Vanutty, blue.

I guess one way to disassociate yourself with that belief would be to deny that you're in agreement. But you won't, so we have to assume you go along with Vanutty's wacky views of the world.

Like our friend fb says, do you really expect people to take your ideas seriously with your ideas on evolution?

I'm starting to see why you guys were so enthralled with Palin.

All this makes me wonder if NeoCon goes along with the 6000/dinosaur belief from the right wing side expressed by Vanutty and endorsed by you, blue Dohdoggy.

How about it Neo, gonna hide from this question like old blue doggy does? "

" (an article from SEPTEMBER 22...ROFLMAO!!.....yep that's you and your up-to-date-info)

As usual, the point goes flying over your well ventilated cranium, fat-headbob.

What, was true in September, is still true now. Democrats were warned about this disaster long ago. It was predicted that Fannie and Freddie would melt down and take the entire sub-prime market (and more) with them. But alas! The Democrats didn't want to hear it. And they resisted any regulation that could have prevented it.

But wait, fat-headbob! The Democrat in Congress just looked into Freddie and Fannie (controlled by.......THE DEMOCRATS IN CONGRESS) and found that THE DEMOCRATS IN CONGRESS didn't cause the world market to collapse!

Whew! Glad that's settled!

Let's file this in with:

Obama Team investigated Obama Team, and found no inappropriate contact with Blago.

LOL

I'm going to need more popcorn.

ROFLMAO! "

" Let's see Harry,

Your steadfast denial to answer these questions obviously indicates your reluctance to admit that they are all true:

Is Obama going to pull the troops out of Iraq?

Is Obama not going to tax the windfall profits on Big Oil?

Does Obama support warrant less wire tapping?

Does Obama now admit that Iran is a serious nuclear threat?

Did Obama lie during the campaign when he said Iran DID NOT present a threat?

Did Obama just make hypocrites and fools out of his little anti-war lemming followers by announcing he would nuke Iran if they nuked Israel?

Did Obama go back on his word of "Outside Washington Politics" and "Hope and Change" when he filled the majority of his Admin with former Clintonites?

Looks like Harry Potter's answer to all of these damaging questions about Obama is a resounding YES!

Therefore I will tout Harry's hypocritical admissions FAR AND WIDE!

LMAO!!!!! "

" OH NO!

Surprise:NYT- Petraeuss timetable proposal to Obama runs longer than 16 months!

HAHAHA!

Hey, you Three Liberal Stooges:

Harry, Question, and fat-headbob

Tell us again how Obama's going to get those eeeeeeevil torturous American troops out of Iraq!

You guys haven't been whining about that for years have you?

LMAO!!! "

" Harry Potter wrote about Blue Dog Democrat: Your steadfast refusal to deny the about statement would indicate your agreement with your buddy Vanutty, blue.

I guess one way to disassociate yourself with that belief would be to deny that you're in agreement."

Funny, I didn't think you libs believed in guilt by association. "

" (Funny, I didn't think you libs believed in guilt by association.)

HAHAHA!

And RWB scores with the smack-down on poor ole slobbering Harry Potter! Ewwww THAT'S gonna leave a mark!

RFLMAO!

Good one RWB!
LOL! "

" Please tear my eyes out now!

You really dont need to see this, honestly.

I really wish this was a link to The Onion, but no. Someone out there honestly believes that people want to have Sarah Palins mug smirking out at them every month of 2009. Over 50 photographs of Gov. Sarah Palin and her family. The creepy part, of course, is that there really are people out there who will buy this, unlike Plumbers Helpers book. Its even available at Amazon. And, no, Im not linking to those sales. Youre on your own.

http://www.sarahcalendar.com/Home_Page.html "

" while i'm on a sarah palin rant:

In her acceptance speech Sarah Palin said:

We grow good people in our small towns, with honesty and sincerity and dignity

attributed to a writer. The writer was Westbrook Pegler.

Robert F.Kennedy Jr. tells us what kind of good people Pegler had in mind:

Fascist writer Westbrook Pegler, an avowed racist who Sarah Palin approvingly quoted in her acceptance speech for the moral superiority of small town values, expressed his fervent hope about my father, Robert F. Kennedy, as he contemplated his own run for the presidency in 1965, that

some white patriot of the Southern tier will spatter his spoonful of brains in pubic premises before the snow flies. "

" The creepy part, of course, is that there really are people out there who will buy this, unlike Plumbers Helpers book.

^^^^^^^^^^^^^^^^^^^^^^^

You mean people like our friend blue Dohdoggy. How would you like to be on his Christmas list this year?

And speaking of Joe the Plumbers helper, it appears that he turned out to be just another typical Repug who turned around and bit the hand that fed him. lol!

Those Repugs are notorious for stabbing there fellow Repug party members in the back.

This one should send old Doh scurrying around trying to find a Dem turning on a Dem. lol!

Come on Doh, you can do it, just go check the archives at Fox news. "

" Harry Potter's steadfast denial to answer these questions obviously indicates his reluctance to admit that they are all true:

Is Obama going back on his word to pull the troops out of Iraq?

Is Obama not going to tax the windfall profits on Big Oil?

Does Obama support warrant less wire tapping?

Does Obama now admit that Iran is a serious nuclear threat?

Did Obama lie during the campaign when he said Iran DID NOT present a threat?

Did Obama just make hypocrites and fools out of his little anti-war lemming followers by announcing he would nuke Iran if they nuked Israel?

Did Obama go back on his word of "Outside Washington Politics" and "Hope and Change" when he filled the majority of his Admin with former Clintonites?

Looks like Harry Potter's answer to all of these damaging questions about Obama is a resounding YES!

Let us all now tout Harry's hypocritical admissions FAR AND WIDE! "

" It becomes increasingly obvious that Blue
Dog is out of tune with the world, with a lack of reality and a surplus of arrogance. I'll be pleased when the guys
with the white coats come to pick him up and put him in a place where he can scream all day about the injustices of the world, but no one can hear him -- or be troubled by his written trite. "

*********************8

Another cyber wedgie for the blue smurfster. lol! "

" Harry Potter wrote on Dec 19, 2008 7:43 AM:
" It becomes increasingly obvious that BlueDog is out of tune with the world, with a lack of reality and a surplus of arrogance."""

___________________

the makings of a violent lunatic. he may go postal at some point. "

" The mother of Levi Johnston, the Wasilla teenager who is the father of Alaska Gov. Sarah Palin's daughter's unborn child, was arrested Thursday on drug charges.

The Anchorage Daily News reported Friday that Sherry L. Johnston, 42, was arrested by Alaska State Troopers at her Wasilla home and charged with six felony counts of misconduct involving a controlled substance.

The arrest was the result of the actions of undercover narcotics investigators who originally were after Sara Palin. One investigator said that after watching her interviews they made they assumption she was high on something, so they initiated an undercover investigation, which failed to prove and drug use by Palin. The chief investigator said all they found out about Palin was that she was incredibly stupid. "

" Blago-Rahma: Emanuel had direct contacts with Blago on Senate opening!


Could Blagojevich and his legal team be sending a message to Barack Obama? Take me down, and some of your team will go with me. It sounds like the Chicago way, a strategy that Blagojevich might employ. Who would know the dirt better than Blagojevich? Unfortunately, Obama cant do much to call off the dogs now even if he wanted to do so, thanks to the very public action taken against Blagojevich ten days ago by Patrick Fitzgerald.

For Emanuel and Obama, this once again strongly suggests that the incoming administration has not yet been fully truthful about the extent of their knowledge of Blagojevichs corruption. After all, no one expected Obama and Emanuel to have no interest in Obamas replacement, and Emanuel could have said right from the start that he had spoken with Blagojevich to discuss the various options and that he either heard nothing about pay-for-play demands or that he notified the feds when he did. Instead, Emanuel has apparently discovered Dick Cheneys undisclosed location for the holidays and Team Obama has to keep refining its denials.

Something fishy is going on here, and Emanuel acts like he has something to hide.

GOLLY GEE WHIZ!

MORE DEMOCRAT CORRUPTION!

AND STRAIGHT FROM THE MESSIAH HIMSELF!

ROFLMAO!!!!

THERE'S IS SIMPLY NOTHING MORE CORRUPT THAN A DEMOCRAT!

LOL! "

" suppose hotdog's mother knows he's playing on the computer again?? "

" THERE'S IS SIMPLY NOTHING MORE CORRUPT THAN A DEMOCRAT!

Oh really? would that include the Bluedog variety? lol! "

" Now that it looks like Caroline Kennedy will likely get Hillary's old seat, will we be hearing how awful she is and predictions of dismal performance and failure from our friend the crybaby blue dog character? How about it Doh, got any dirt on her? "

" Jonah Goldberg blasts the Sweet Caroline gushers:


One could say without fear of overstating things that the liberal reaction to the inexperienced Caroline has been somewhat more gracious than the reaction to the "inexperienced" Palin. Ruth Marcus of the Washington Post has devoted two columns in as many weeks to this "fairy tale" scenario in which Kennedy, our "tragic national princess," is finally rewarded for her years of quiet dignity, selflessly avoiding scandal and the paparazzi with the Senate seat that once belonged to her uncle Bobby. Whats astounding about the normally sensible Marcuss case for the Cinderella Kennedy (New York magazines phrase) is that she doesnt really make one, at least not on the merits. Marcus doesnt even bother. Its all schoolgirl gushing.

The editors of the New York Times, in a more skeptical editorial, summarized her qualifications thusly: "Ms. Kennedy has much going for her. As a public figure, she carries the glamour and poignancy of her family " The editors then went on to describe what great liberals her dad and uncles were. Thats it.

This a perfect example of the bowel-stewing self-indulgence of elite liberalism. "

" some unity would be nice, it sure beats the embarrasment we've faced time and time again, i emailed Dick Durbin about his decision to ask for Ryan's release and all he could respond with was that Ryan had well served his time and that we should make a compassionate decision, HA!, other people have families watching them die in prison, i feel no sympathy whatsoever, people like him and Blagojevich have no right to ever lead or serve again let alone walk the streets wholeheartedly "

" at this point even Dick Durbin is an upset to Illinois, even considering releasing Ryan is just saying "hey come to Illinois where crooks are welcomed at the gates and not even punished for their crimes!" Come on in!" "

" This just in from the media research center......

There is absolutely no leftward leaning bias in the mainstream media.

See for yourself at:
http://tinyurl.com/9mojvn "

" NeoCon Academician wrote on Dec 30, 2008 9:18 AM:
" This just in from the media research center......

There is absolutely no leftward leaning bias in the mainstream media.""""

glad you finally figured that out, Neo Macadamia. "