Current Economic Crisis – Democrats No Responsibility.

There is a great deal more to the current economic crisis than meets the eye – especially in regards to who is to blame, and how the media in general has conveniently forgotten what it had reported only a few years ago. Short and simple: Democrats put regulations into place that forced banks to lower borrower standards, causing the housing bubble, which has now burst. Behind every single failed entity are the fingerprints of high profile Democrats. The YouTube video shown below highlights approximately half of the reports available on the web, through newspapers websites as well as through The Senate and The House websites. Red Tide has more on Barney Franks (D,MA) role in this fiasco. Like so many residents of the Bay state who understand what bailouts mean (see Big Dig), the last thing people want is yet another tax burdon - this from the bluest state.

FBI Investigates Freddie and Fannie – Which Politician's will be Scrutinized?

Why the sudden rush to investigate to investigate two lending institutions that were, for all intents and purposes, government run institutions? An AP news release noted that the focus will be on the individuals who were in charge – would that include James Johnson? Johnson, a major Democrat Party player, has been scrutinized over deals made with Country Wide, and was tapped in May of this year by Barack Obama to help in choosing a running mate. This may be part of a broader investigation – on that is ongoing.


Johnson stepped down in June, after he came under fire regarding “questionable loan practices MSNBC. Coincidentially, Johnson also helped John Kerry with his vetting process. Who were the biggest political beneficiaries from Freddie Mac? - Dodd (D-CT), Obama, (D-IL), and Kerry, (D-MA).

As the process unfolds, and yet another (See the 1990 and bailouts), but more insidious socialist style taxpayer funded bailout is put into play (by a Legislature controlled by Democrats aided by the Bush administration), what could possibly come from such an investigation? An “October surprise” is not out of the question – that said - guilt by association cannot be used in an indictment – one would have to actively participate or be an accessory to a particular felony. Reform and oversight into the industry are what is needed, and regardless of how high and mighty the guilty players are, no matter how deep the ties to political machines, regardless of party affiliation, the penalty should fit the crime.