Financial Meltdown: Who Caused It?

The Financial Meltdown: Who Is To Blame?

Could it be OPEC?
Could it be ACORN?
Could it be WAXMAN?
Could it be?????

What we do know is that congress has been under the contraol of the Dems since the 2002 election. In that amount of time things have gone from worse to worser (pardon the word). But the fact is that all the finger-pointing going on in the Senate and the House fails to point to those who should have taken their fingers out of the pie.
Waxman has finally been pressured to hold hearings. As we have seen this week everyone blames someone other than their department or their committee. From banks to Bernake it is the same story – someone other than me did this! Fannie and Freddie were not my responsibility.

Mr. Waxman insisted his reluctance to call a hearing stemmed from civic mindedness. "I don't think we ought to use these hearings to be partisan," he told the committee earlier this month.

Who knew that Senator Barack Obama was the largest single recipient of Fannie Mae campaign contributions over the last 20 years, save for Senate Banking Committee Chairman Chris Dodd? More amazing still, Mr. Obama pulled off this feat even though he had only been in the Senate for four of those 20 years.

Did OPEC cause it?
Skyrocketing oil prices put pressure on the economy. The OPEC members siad they didn’t have anything to do with it. “It’s the traders!” they screamed. Who are these mysterious traders and who do they work for? No one seems willing to answer this question.

And another thing – those subprime mortgages – bundled and traded with ever-expanding costs tacked on, who got that money? If ACORN pushed congress and committees into those financial bombs we have to ask why? Who benefited? It wasn’t the person purchasing their first home.

Will WAXMAN really look for answers who hold the party line and cover butts? It seems a sure bet considering the congresspeople involved. And when will any serious investigation take place if ever? Not until January, well after elections, and by republicans if they should regain the Senate (not going to happen).

Obama and McCain: The Supreme Court

John McCain will still be around if he is elected. Barack Obama will still be around if he is elected. If McCain wins Obama becomes a footnote in history. If Obama wins McCain will still have a voice and an influence in politics. Is either man important?
The election this year is not for control of the White House but control of the Supreme Court. It is the court that will dictate the economy not the treasury. It is the court that will decide bailouts for business and mergers to come. It is the court that will decide national health insurance. It is the court that will decide social security and Medicaid.Right now everyone’s attention is drawn to the economy. It’s not the economy stupid – it’s the court. We have moved so far from the rule of the people that we can’t get back to it.
The court has decided the major issues of rights governing both personal and property. Those decisions have taken rule by the people and for the people out of the people’s hands. The constitution has been re-written by the many pronouncements by the courts. Each word and phrase has become something other than what was intended.Should the liberal democrats gain the upper hand in the courts the democratic party will have free reign for at least a generation. With control of the house, the senate and the White House they will be able to place the judges on the court. Voter registration will become a greater farce than what it is today. All challenges to the way voters are registered will be decided in favor of the democrats. Indoctrination of children to become democrats will far exceed what is currently taking place.Gay rights, abortion, gay marriage, energy taxes, wealth-sharing will not be discussed for these will be law. The new progressive society will replace the great society. Making racial slurs will carry more jail time than murder. Illegal drugs will be legalized. Stem cell research will be carried out using cells from fetuses grown for the research. All this because the court will rule in favor of liberal, socialist democrats.Five years from now John McCain will still be around so will Barack Obama. History will record which one changed America the most.