OK, Obama bailed out GM/Banks/Greece/Fannie/Freddie... etc..... can we (America)?Tax payers really afford it? WTF is Obama allergic to the USD or what? Seems like he's trying to rid American currency? Tea Party / Conservatives / Republicans speak up !!!!!!!!!!!!!!! | |
I agree. In addition to the money for all of our current entitlement programs, including the latest TRILLION dollar Health Care disaster, It looks like the American economy/government is now on the hook for upwards of $50 BILLION, and rising - this is the amount of money that Obama wants to give to Greece - through the IMF (International Monetary Fund) - $50 BILLION! - please think about this figure for a moment. Think of what ELSE this money could do FOR America - rather than having it being sent OUTSIDE of our borders to Greece.
How did this come about? Where was the big Congressional vote on the spending of this money to bail out Greece? When did Congress vote on this? Did Congress even vote on this? Where was the “people’s” input? It seems that our government is now completely out of control and is throwing around money like it was something they could create out of thin air - which is truely what Obama believes, as our government continues to spend much more than it is bringing in - the SAME problem that Greece had. o_O
FOR MEG ---- here's a New York Times story from September 2003, clearly showing that the first substantive Fannie and Freddie reform from inside government came from the Bush administration. Spurred by worries that Fannie and Freddie were cooking their books and taking too many risks, Treasury Secretary John Snow proposed placing the companies under Treasury oversight with strict controls over risk and capital reserves. The NYT labeled the proposal "the most significant regulatory overhaul in the housing finance industry since the savings and loan crisis a decade ago"
http://nytimes.com/2003/09/11/busine...
So five years ago, the Bush administration—was less interested in protecting or expanding their turf than in fixing a looming catastrophe. What was Frank's response to the proposal?
"These two entities—Fannie Mae and Freddie Mac—are not facing any kind of financial crisis," said Representative Barney Frank of Massachusetts, the ranking Democrat on the Financial Services Committee. "The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing."
Fannie Mae and Freddie Mac bailout information at this link
http://money.cnn.com/news/storysupplemen...
U.S. seizes Fannie and Freddie
http://money.cnn.com/2008/09/07/news/com...
The other housing rescue
http://money.cnn.com/2008/10/01/real_estate/hope_for_homeowners/index.htm
You forget that it was the Republicans that allowed the economy to spin out of control thus requiring the bailouts. The housing bubble, and the runaway oil prices that killed Detroit all came to a head under George W Bush. If we had let the banks and Detroit fail, we might be in a situation much worse than we are presently seeing.
He only did GM etc, Fannie and Freddie and the Banks were bailed out in the fall of 2008 before he was even elected and we have not yet bailed out Greece
We are speaking up and this November is critical.. and i do believe that we will crush this health care bill and hopefully they won't throw this Cap n Trade before November.. But don't Worry we Americans have woken up!
Like every one who grows up with the welfare mentality, he sees it as free money. Somebody will always give him more.
We are speaking up, but he isn't listening.
Novemberiscoming.com
Americansforprosperity.org
I believe that is his goal.
