Posted by
James Burns on Sunday, September 28, 2008 2:55:29 PM
Dear All Democrats,
While I watch the news about the bailout, and how you all are going to take credit for it I have some points to make. So you then can truly take credit for the bailout. In 1977 democratic president Jimmy Carter signed the Community Reinvestment Act. This gave Fannie and Freddie their power. Fannie the lender and Freddie the repackager. In the 1980's ACORN is born using this act to give loans to people who probably should have not gotten them and using Fannie and Freddie to do it. Then in 1999 with this act just collecting dust democratic president Bill Clinton decided to resurrect it and enforce it using Fannie and Freddie. Things are going great, so good Bush extends it.
That brings us to today September 28, 2008. Democratically controlled congress says bailout proposal is agreed on. Will vote on it tommorrow. Funny thing that all the parties on some of these committees refused to do something when the democrats were not in control.
So yes not, only can you democrats take credit for your Bailout to No Where, that you all tried to fill with earmarks, go figure. But you can start taking credit for the whole mess to begin with.
What makes me sick is you can never blame yourselves it is always a republicans fault. History speaks for itself. Just too many stupid democrats won't look up history. Too caught up in Obama's hoopla.
Thanks for using my tax money to fix your problem,
The Working Class
American Taxpayers