Posted by
bobbiekelley on Saturday, September 20, 2008 12:00:00 AM
American citizens are suffering high gas prices resulting in increased cost of food and other necessities. Most citizens are pleading, and have been pleading for months, with the Democrat Congress, led by Nancy Pelosi and Majority leader Harry Reid, to release the hold on the drilling of our billions of barrels of oil and trillions of barrels of natural gas. These “servants of the people” have ignored the voice of the majority, taken a five week vacation paid for by the tax payers, and in general, shot us the finger attitudinally while 700 billion taxpayer dollars per year continue to go foreign countries who could cut us off altogether if they chose.
Finally, shortly before their scheduled adjournment for the remainder of the year, they have arrogantly presented an energy bill that is so useless and fatally flawed that it will never get the Senate’s approval or escape President Bush’s veto pen. Said bill was designed to fail and hopefully fool the public into thinking the Democrats attempted a solution to the energy problem and the bad old Republicans turned it down. They really think we’re that stupid.
In the meantime the country’s largest mortgage company, largest & oldest banks and largest insurance company are being bailed out at taxpayer expense. Wall Street is taking a beating and the hemorrhaging of taxpayer money and jobs may not slow down for a long long time.
Meanwhile Nancy Pelosi, Barack Obama and the rest of the left wing politicians are screaming “the Bush Administration, John Mc Cain and the republican party are to blame” while much of the country follows suit, not knowing any better.
What they won’t tell us is that the mortgage and banking fiasco started in the Clinton Administration. Careful lending was deemed discriminatory against minorities and “regulations” were put in place requiring lenders to make loans to high risk applicants. Lenders were forbidden to “redline” (refuse) loans to those with poor job and credit history including those with histories of bankruptcy and foreclosures. Clinton’s decision started the ball rolling towards today’s disaster in the housing, mortgage, banking and insurance industries.
A whole raft of high profile Democrats, jumped on the ensuing gravy train, raping these financial institutions and walking away with hundreds of millions of taxpayer dollars in their pockets. Barack Obama, in cahoots with ACORN, a highly controversial organization, pushed and pushed for these high risk loans that in the end lead to the current institutional collapse. Now he feigns amazement and innocence.
Senator, Chris Dodd (D), and Barack Obama were the top two recipients of hand outs from Fannie Mae and Freddie Mac in addition to their sweetheart deals on real estate purchases. Political handouts were received by others, including John McCain and other Republicans as campaign contributions; but none received anywhere near what Dodd, and Obama got.
During his 8 years in office, President Bush has gone to Congress no less than 17 times asking for action to be taken to avoid the collapse we are dealing with now; all to no avail due to Democrats and a few Republican defectors. Three years ago, Mc Cain, along with three other republican Senators, addressed the same issue; again to no avail. Now they are catching the whole blame for Clinton’s costly “politically correct” regulation foisted on our financial institutions.
The audacity of Barack Obama’s dishonesty in this situation should anger every American paying the cost of this huge government driven failure. And we are, and should be, angry over the oil situation. These critical political blunders, indifference to citizen’s well being and refusing to listen to our voices are nothing short of treason by these politicians. The Democrat controlled congress is knowingly and willingly making us suffer the price of their folly. Republicans are not perfect either, but remember that they stayed on the darkened senate floor on our behalf while Nancy Pelosi’s flock was off enjoying their 5 week vacation at our expense. We need to hold the Democrats feet to the fire and hold them responsible, for once, for their huge part in this financial tragedy; including thinking a long long time before we put Democrats in both houses of congress and the White House.