Bailout - The blame game

The rescue/bailout plan outcome is still yet to be seen but the finger pointing is out of control.

The fact someone can blame our economic crisis on the current administration (Bush I assume) shows how uninformed that person may be. I will be the first to say Republicans have to own up to some of the mistakes, but when you look at the underlying problem, Democrats have a lit match in their hand.

I've already discussed the bailout and will not go into whether it's good or bad. The fact of the matter is our current economic meltdown stems from the breakdown in the lending or mortgage industry. The bottom layer of that industry is Freddie Mac and Fannie Mae.

The meltdown of Fannie and Freddie, which has led to government intervention of the companies, began with risky mortgages the companies were buying. Under Democratic leadership the companies were urged to provide more affordable housing opportunities to lower income families. Fannie and Freddie were more than willing to do this as it would increase their gains but also led to the unregulated buying of risky housing loans. 

Several times the Bush administration and even John McCain have expressed concern about the lack of regulation of the two companies. McCain even proposed a bill to increase regulation but was voted down by the Democrats.

It has also been brought to light several Democratic Senators who have received political  contributions from Fannie and Freddie, number 1 being Sen. Chris Dodd who is chairman of the Senate Banking Committee and number 2 is Barack Obama. Remember Obama has only been in the senate for four years and has received more than long time Senators like John Kerry.

The following video explains  much of what has gone on at Freddie and Fannie.

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Uhh McFly...hello - Obama humors me

So here's a quote from Obama a few weeks ago -

"Well, my understanding is that Governor Palin’s town of Wasilla has, I think, 50 employees. We’ve got 2,500 in this campaign. I think their budget is maybe $12 million a year. You know, we have a budget of about three times that just for the month. So I think that our ability to manage large systems and to execute I think has been made clear over the last couple of years..."

Barack Obama was comparing his executive experience to that of Gov. Sarah Palin.

So let's analyze what he says.

First and I do commend Obama on this, he addresses Sarah Palin as Gov Palin. But there's a bit of a hint there to some much much bigger. She's now a governor and they make executive decisions! By the way Alaska has over 24,000 employees and somewhere around a $10 billion budget.

Now correct me if I'm wrong but isn't Obama running against John McCain? Shouldn't you compare your resume with the person you are running against? Isn't John McCain running a campaign too? Actually I think he's run quite a few. Man that should give him a lot of Obama "executive experience".

The last part of the quote refers to managing large systems over the past few years. What the hell. How long has he been running for president?

Hello McFly...

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FYI - How Gov. Palin's email was hacked

From my previous post you may think I do not believe Gov. Palin's email was hacked. This is not the case. The point I was making was that people, mostly lefties, were not so concerned about the email getting hacked as the content of the emails, obviously looking for a silver bullet to put her down.

I agree that politician's should probably keep business email in house but do not think you should get thrown in the slammer because you use yahoo or gmail to email a college.

I wonder what would happen if Obama's yahoo account was hacked? We would probably get a different story, but you already knew that.

Yahoo might reconsider how they have password recovery for their accounts if the following is true. Attached is a link to PC magazines version of how Gov. Palin's email was hacked using 4Chan's random /b/ board.

http://www.pcmag.com/article2/0,2817,2330699,00.asp

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Gov. Palin's email hacked OR were the images Faked?

So I heard today Gov. Palin's yahoo email account was hacked or was it?

Let's say someone was so bold as to crack her yahoo email account. Some of the left interviews I've heard so far do not seem to have a problem with it, their main concern is, "what is in those emails?"

It's OK to break the law and hack into someone's private email account, but you can't wiretap a terrorist? See where I'm coming from people.

I just listened to an interview with an attorney who was hardly concerned about the hacking and more concerned about the contents of the email. Did Gov Sarah Palin use a yahoo account for government business? Did she use it to hide something? In my opinion you can't even go that far because the material in question was gathered illegally!

Now heres the kicker.

Are the Images real or Fakes?
How do you know the images are real screenshots? Maybe Gawker, WikiLeaks, or the Anonymous faked the images or part of the images. I can easily take a screenshot of a yahoo account and throw it into Photoshop and do what I like. Haven't thought of that have you?

Gawker.com was so eager to get the story online they didn't even address Gov. Palin properly or capitalize the word Internet.

Unfortunately I think all the hype or "hope" for the Democrats will be short lived. On reason the information was obtained illegally and the Secret Service / FBI are involved. Just like you can't hide "secrets" in your email, it's pretty tough to hide your identity online when you are hacking accounts.

btw - I do have some knowledge on this subject as I once owned an ISP.

Oh please feel free to comment!

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