The whole bail out plan and failure reeks of inside political hacks. Pelosi and her ridiculous speech and allowing her confederates to vote no is either a complete failure of leadership or an attempt to paint this as an evil Republican issues as opposed to were this all originated with the democrats to try and shift public opinion for the Marxists savior Obama.
James Simpsons has written a great op ed for the American Thinker which outlines how this whole problem got started during the 60’s welfare expansion, got even larger during the Carter years and has morphed into today’s disaster. The bottom line is the extreme left has been trying to tear down this great nation and make it a socialist state. The Democrats have been their willing partners for 40 years and this in itself is despicable.
The passage below is from Mr. Simpsons article. All I can say is no damn wonder the media won’t cover any of Obama’s activities. He has and always will be a tool of the extreme left. His involvement with ACORN, let alone the terrorist Ayers, and Rezko should be reason enough to end his candidacy for the POTUS. The media won’t cover because they to are culpable for much of the mess we see.
Obama represented ACORN in the Buycks-Roberson v. Citibank Fed. Sav. Bank, 1994 suit against redlining. Most significant of all, ACORN was the driving force behind a 1995 regulatory revision pushed through by the Clinton Administration that greatly expanded the CRA and laid the groundwork for the Fannie Mae, Freddie Mac borne financial crisis we now confront. Barack Obama was the attorney-representing ACORN in this effort. With this new authority, ACORN used its subsidiary, ACORN housing, to promote subprime loans more aggressively.
Click the title for the whole article.