Before laying blame, look at facts

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Before anyone blames the current economic bailouts on Bush or McCain, because they didn't see it coming and didn't do anything, everyone needs to look at the facts.

The chairman of the banking committee was Sen. Dodd, and it was Dodd who took the most money from the industry he was supposed to oversee.

Then there's the need to consider that Sen. Obama was the third-largest recipient of funds from the industry. No one has shown me that McCain ever took a penny from the banking industry.

There is plenty of blame to go around in the House and Senate, and I'm not excusing Bush, but it was McCain who called for changes to prevent just what has happened as far back as 2005.

Richard Banks

Augusta

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wilder5121
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wilder5121 10/13/08 - 03:36 am
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You need to get your facts

You need to get your facts straight before making yourself look stupid. CNN did a fact check A MONTH AGO on McCain's ad claiming that Obama was one of the largest recipients of funds from Freddie and Fannie. Like virtually everything else coming out of the McCain campaign, this is another distortion of the truth.

It is true Obama received somewhere around $130,000 from Freddie and Fannie employees. That's EMPLOYEES...as in YOU and ME. However, McCain received $169,000 from Freddie and Fannie executives and lobbyists. Obama received $16,000 from executives and lobbyists.

Bottom Line: It's been a decade of Republican DEREGULATION that allowed these industries to go crazy...same as they did during the '80's when Reagan and McCain's Savings and Loan Disaster cost American taxpayers $500 Billion.

Republicans let Enron write our Energy policy. They let Dow Chemical write our Clean Air policy. They let Pfizer Pharmaceutical and the insurance industry write our Health policy. And they let Lehman Brothers and Merrill Lynch write our Economic policy. Result? Total collapse of America, and total annihilation of its middle class.

Why do you support that...why do you hate America?

GACopperhead
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GACopperhead 10/13/08 - 05:05 am
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wilder, they won't listen,

wilder, they won't listen, they are in blind terror, trying to find some reason to stay with a failing candidate. They would rather listen to "God fearing" hate monger Palin and idiots like Andy Martin. They only read the AC, and listen to Fox News, so what do you expect?

christian134
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christian134 10/13/08 - 06:16 am
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The blind terror comes from

The blind terror comes from your own inadequacies to understand what is occurring right beneath your noses...None of you can see the truth since the idea of a black man with power house moguls behind him promising a pot of gold at the end of the day for everyone who stands loyal and willing to be slaves to the man of the hour...All one has to do is to do what they are told when they are told...Then each of you loyal subjects can stand ready with palms open to catch the pennies thrown your way...My goodness how insane this is to actually have Americans drooling all over themselves to put into office a man and his backers who do nothing more than to usher in a socialist government...

factchecker
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factchecker 10/13/08 - 06:28 am
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Top Recipients of Fannie Mae

Top Recipients of Fannie Mae and Freddie Mac
Campaign Contributions, 1989-2008; 1. Dodd, Christopher J
D-CT $133,900, 2. Kerry, John D-MA $111,000, 3. Obama, Barack D-IL $105,849, 4. Clinton, Hillary D-NY $75,550 http://www.opensecrets.org/news/2008/07/top-senate-recipients-of-fanni.html

factchecker
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factchecker 10/13/08 - 06:33 am
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factchecker
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factchecker 10/13/08 - 06:34 am
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factchecker
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factchecker 10/13/08 - 06:37 am
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For a list of Dodd's top

For a list of Dodd's top contributors (if you think either McCain or Obama tops the banking industry's contributions list check this out): http://www.opensecrets.org/politicians/contrib.php?cycle=2008&cid=N00000581

Ga Values
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Ga Values 10/13/08 - 07:24 am
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During the last 8 years

During the last 8 years Republican Congressmen tried to fix the Freddie Mac and Fannie Mae mess but they were blocked by Barney Frank and Chris Dodd. The Wall Street's Paulson along with Frank And Dodd wrote the $700,000,000,000.00 bail out Wall Street bill then added $153,000,000,000.00 of PORK for good measure. Our 7 Republican Congressmen voted against this RIP OFF of the taxpayer. Yet Saxby Chambliss (Socialist/RINO,Ga) voted for this waste. Why? He has received over $10,621,716.00 from special interest much of it from BANKS & INSURANCE COMPANIES. With Saxby MONEY talks & the Taxpayer walks. FIRE SAXBY NOW, HIRE ALLEN BUCKLEY, A HONEST LIBERTARIAN.

patriciathomas
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patriciathomas 10/13/08 - 07:29 am
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CNN doing a fact check is

CNN doing a fact check is just so funny. Their record doesn't bode well for them. Denying that Frank and Dodd were the culprits leading the subprime parade and that Obama got his big promotion because of his years of effort in this program is to deny the facts that are easy for anyone to check. My point....Democrats are easy to trick, just keep that "government help" coming. Tax the rich so they have to cut employment, but keep the "help" coming. Nanny government over personal responsibility, party over truth.

griesella
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griesella 10/13/08 - 07:35 am
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According to news reports the

According to news reports the New York Times is investigating Obama contributors, The names listed on thousands of donations are said to be fake...They want to know the truth about who is actually supporting obama.

HYPOCRITES 08
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HYPOCRITES 08 10/13/08 - 07:55 am
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christian you need to get

christian you need to get some much needed help. Must you always point out that Obama is Black? I have yet to hear anyone referred to McCain as the " White man". I have never heard anyone referred to Palin as the " White woman".

griesella
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griesella 10/13/08 - 08:06 am
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HYPO..McCain and Palin are

HYPO..McCain and Palin are both "White folk"

raasheedleetawanmomood
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raasheedleetawanmomood 10/13/08 - 08:08 am
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So, hypocrites08, your'e

So, hypocrites08, your'e telling us your are deaf as well as blind, are you?

johnsmith
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johnsmith 10/13/08 - 08:28 am
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Folks, even NPR (That's

Folks, even NPR (That's National Progressivist Radio) identified Obama as (actually) the SECOND-highest beneficiary of Fannie/Freddie dollars, and that is not referencing employee donations. That's lump sums given from lobbyists to his PAC, plus contributions to campaign. Not exactly a McCain-friendly source, here...

dashiel
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dashiel 10/13/08 - 08:37 am
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This black socialist democrat

This black socialist democrat liberal progressive non-flag-lapel-pin-wearing anti-flag-salutiung inexperienced muslim-hugging arab-sounding monkey-looking pro-choice blankety-blank could not possibly do worse than W who has brought us right up to the doorstep of Doom, then dragged us up to the precipice for a look down into the abyss. Or could he?

christian134
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christian134 10/13/08 - 08:46 am
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Hypo to ignore one of the

Hypo to ignore one of the finest publicity ploys of our time concerning the meteoric rise of Obama due to color is just putting one's self in a hole and piling the dirt over your whole body...This man is only where he is because he is black otherwise how would you explain his fame and rise despite all the inexperience, ineptness, racially biased leanings, enemy Muslim ties as well as a huge proponent of abortion and other super liberal leanings as well as known ties to underworld criminals and terrorist alike?...There is only one conclusion the media and power brokers have used this divide and economic downturn(which they are in part responsible) to gather the masses where they want them...They are about to usher in a socialist form of government which will ultimately be the America's downfall...What 9-11 couldn't complete this election will...

patriciathomas
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patriciathomas 10/13/08 - 08:47 am
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Hypo, Obama also always

Hypo, Obama also always mentions he's black. Without his color, it's arguable he'd not be in this election, given his experience and philosophy.

ITDoc
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ITDoc 10/13/08 - 09:07 am
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It is ALL no one's fault. The

It is ALL no one's fault. The problems in America were caused by people of all races, political affiliations, and income levels. That is great news, for the solutions to our problems is also Americans of all races, political affiliations and income levels. Conflict sells advertising on news channels. Conflict allows politicians to gain votes. When and only when people decide to stop letting media and politicians set us against each other and work together will this mess be cleaned up. Change begins from the bottom up, not vice versa. I voted last week and was astonished to see the lack of choices in the Columbia County election. Virtually every local office was uncontested by Democrats. State and local politics affect our lives much more than any national office. I call on ALL posters here to set aside the vitriol, quit attacking people personally, and offer real solutions to reattaining the national consensus we had on 9/12/01. United we will stand, divided we will fall.

KingJames
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KingJames 10/13/08 - 09:30 am
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I agree with tall2 today.

I agree with tall2 today. Now, for people who want to attack Obama because of WHO he is, there was a clip of a McCain rally on the Today Show this morning. A woman in the audience had a question that went something like this, "I can't trust Obama. He's an Arab." McCain quickly shook his head and took the microphone from her and said, "No ma'm. He is a decent family man, citizen that I just happen to have disagreements with on fundamental issues." If McCain can get past race, then you all need to do the same.

ITDoc
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ITDoc 10/13/08 - 09:42 am
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ANY person who would subject

ANY person who would subject themselves to the trials and tribulations of running for POTUS must be an outstanding citizen and morally sound person. Until we eliminate this culture of Dem v Rep, Left v Right, Black v White, we will continue to struggle and fail. I really don't care about Obama's race, religion or record. I really don't care about McCain's age, wealth, or experience. I voted for the people I felt would best UNIFY our country and work with both parties. A message needs sent to both parties: We're not going to put up with you serving the interests of yourself and your party over the interests of the American citizen.

ITDoc
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ITDoc 10/13/08 - 09:45 am
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Congress is going to convene

Congress is going to convene hearings to "investigate how we got into this financial mess". Why? Wouldn't the American taxpayer prefer to have our "leaders" spending all that time to SOLVING the problem? It's my belief Congress doesn't give a damn about finding out the root cause, they just want to be able to blame some party or ideology. We all made the problem. Let's all take our responsibility and move on to solving it.

patriciathomas
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patriciathomas 10/13/08 - 09:55 am
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That's right King James, by

That's right King James, by the same token, I've never heard Obama speak up for McCain's character. I'm sure if it ever happened it would have dominated the news for days.

jack234
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jack234 10/13/08 - 09:56 am
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We can debate the merits of

We can debate the merits of each candidate all day and no minds will be changed. I'll just be glad when Nov. 4 has come and gone and we can all support who ever is president. Our best bet right now is to just get on the Obama train that is getting ready to leave the station headed to the white house.

....My name is B. Obama and I approve this message posted by jack 234. (get out the vote Jack)

ITDoc
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ITDoc 10/13/08 - 10:04 am
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Jack: I believe more people

Jack: I believe more people are less cynical. I'll also be glad when this election is over and done with. Regardless of who wins, our political system is broken and reform would be the desire of all but the most far right and far left. We need independent thinking, not lemming of the media which divides us. We need citizen legislators, not career politicians. We need financial responsibility from EVERY HOUSEHOLD IN AMERICA, not the materialistic greed we've had for the last 30 years. Lastly, we need humility and compromise, not arrogance and stubbornness. My name is An American Citizen and I approve the intelligence of Americans to decide for themselves.

disssman
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disssman 10/13/08 - 10:05 am
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Come on Richard, you

Come on Richard, you obviously know Obama was number three, and you didn't mention the names of number one and two for a reason. Why didn't you mention their names? I think a far better question is "what has Johnny Mac done to recoup the money still owed by Charles Keating? Is Mac doing anything to get the Billion back or is he just letting Charles slide because he is a good (criminal) friend. Sure is strange he never brings his name up. And by the way Keatings billions are mush more than the wall street fat cats ever thought of getting and yet Mac still talks about parachutes!

jackfruitpaper833
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jackfruitpaper833 10/13/08 - 10:20 am
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christian134 Proverbs 14:12

christian134 Proverbs 14:12 Go read it. The road you are on is WIDE and BROAD.... you are also this living scripture: Matthew 13:30 - Let both growth together until the harvest, and in the time of harvest, I will say to the reapers, Gather ye together first the tares, and bind them in bundles to burn them, but gather the wheat into my barn. You are ungodly and unholy, do the spirit of conviction ever speak to your heart before you speak or post, does it ever say, why say that, or is that Godly to say? You are in much need of prayer, do you really think you are going to make it in?

DeborahElliott2
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DeborahElliott2 10/13/08 - 10:25 am
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Well, whoever wins, I can

Well, whoever wins, I can only pray that marriage is defined as between a man and a woman cause it was not a man's institution in the first place it was God's and I would much rather listen to HIM! As far as I know, Obama's partner is for gay marriages and I will Never Support THAT!

ITDoc
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ITDoc 10/13/08 - 10:30 am
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I don't believe Man's

I don't believe Man's definitions of marriage or the moment life begins are really going to matter when we are judged by the Almighty. I DO believe what resides in a person's heart will. All this arguing about gay marriage and abortion only affects the Godless. Right to lifers and right to choicers share one huge trait in common: THEY JUST WANT TO WIN.

jack234
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jack234 10/13/08 - 11:26 am
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Now that tall2 makes a lot of

Now that tall2 makes a lot of sense. PT, you should open your ears wide and take in his message. Christian12345 should go back and read his posts also because your head is as hard as the rock of ages.

.... My name is B. Obama and I approve this message, LOL from the Obama camp. (sorry, but I can't be as objective as the tall2 )

KSL
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KSL 10/13/08 - 11:57 am
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King James, It seems a lot of

King James, It seems a lot of people need to get past race. http://www.youtube.com/watch?v=2PgV3_1_qlc .... I listend only to Sal's interview as I'm not a fan of the host.

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