Showing posts with label Fannie Mae. Show all posts
Showing posts with label Fannie Mae. Show all posts

Monday, August 07, 2017

Financial Shenanigans

Obama's administration was involved in more that the Obamacare financial fiddles.

That's a major drawback of blindly supporting a President - his errors, deals, under-the-table actions, and cronyism will eventually leak out. Obama had a LONG run of good press. The non-MSM outlets were derided as "fake", "racist", H8rs, and conspiracy theorists.

Which, to be fair, some of them were.

But, not all. And people's reliance on the worst sources can be explained by the disconnect people felt from the MSM - whom they KNEW to be bigoted liars, and disdainful elitists, as well.

I remember when Obama was first elected, in 2008. I was at my post, watching the kids stream in for their first class.

Their faces were shining - they were ECSTATIC that Obama had won. Their optimism was obvious, and they re-doubled their efforts in school.

Well, for a small few, that would have be 2 times zero. But, even for the worst students, they saw a vision of what life COULD be, if they made the effort.

Circumstances over the following years led to defensive support in the face of criticism, refusal to see evidence that contradicted their bias, and, eventually, disillusionment and bitterness.

And, chaos - don't forget - deliberately provoked by the extreme Leftist end of the spectrum, callously using idealistic young people to suffer the consequences. Very much like their predecessors, the New Left (follow the link to learn more about them - sometimes, I forget that younger people didn't have the advantage that people my age had, to directly see them in action, and learn about their underlying motives).



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Friday, July 25, 2008

You Go, Boy!

Larry Kudlow, at National Review, has a post lauding McCain's position on shoring up Fannie & Freddie - McCain is against the practice of bailing out non-government instititions who screw up:
Americans should be outraged at the latest sweetheart deal in Washington. Congress will put U.S. taxpayers on the hook for potentially hundreds of billions of dollars to bail out Fannie Mae and Freddie Mac. It's a tribute to what these two institutions — which most Americans have never heard of — have bought with more than $170-million worth of lobbyists in the past decade.
This is vintage McCain.
We are stuck with the reality that they have grown so large that we must support Fannie Mae and Freddie Mac through the current rough spell. But if a dime of taxpayer money ends up being directly invested, the management and the board should immediately be replaced, multimillion dollar salaries should be cut, and bonuses and other compensation should be eliminated. They should cease all lobbying activities and drop all payments to outside lobbyists. And taxpayers should be first in line for any repayments.
Amen, brother, amen.

Oh, Obama? THAT'S what a PRESIDENT sounds like. Decisive. Unafraid of the consequences.

It's Nearing the End Game

Fortunately, Trump does understand games - very well, in fact. What am I talking about? This. It is NOT just about MN - most of us really do...