Is this a Democratic Strategy?
Obama continually states that John McCain supported George Bush 90% of the time.
Does it surprise any reader here that Democrats stand with Democrats and Republicans stand with Republicans? John McCain is accused of voting with George Bush 90% of the time. However, the record shows that Barack Obama voted 97% of the time with the Democrat party. In fact there are many instances where the Democrats vote with Democrats 100% of the time.
Here is a very interesting piece of information worth further analysis.
The New York Times on September 11, 2003 printed an article about a Bush Administration proposal for a “significant regulatory overhaul” to the housing finance industry.
The proposals were designed to prevent the financial collapse of the housing mortgage industry at Fannie Mae and Freddie Mac.
During the 2005-2006 congressional sessions of the 109th Congressional session, Senator John McCain addressed congress in support of a bill to save and regulate Fannie Mae and Freddie Mac. It was called S.190 (190th ): Federal Housing Enterprise Regulatory Reform Act of 2005.
This bill was introduced by Sen. Charles Hagel [R-NE] and co-sponsored by Sen. Elizabeth Dole [R-NC; Sen. John McCain [R-AZ] and Sen. John Sununu [R-NH].
On Jan 26, 2005, Sen. Charles Hagel addressed the Senate introducing and explaining the bill.
Senator John McCain’s address to the Senate on this bill was on May 26, 2006.
They both urged the passing of this legislation hoping to ward off economic crises. We now know that they were absolutely correct in that assessment.
But a Democrat controlled Congress, lined up 100% against supporting this or any action, and as a result we have the chief component (housing and mortgage) of our recent economic slowdown.
What many cannot understand is how the government, when given the chance, made a decision to do nothing. It failed to act on the looming financial crisis that has overtaken us recently.
There were significant advance notices of this crises dating back to September 11, 2003 in the New York Times and in the 109th Congress S. 190 bill.
So why did the Democrats do absolutely nothing when they held the majority position in votes and committees?
Why did Senator Christopher Dodd [D-CT], Chairman, Senate Committee on Banking, Housing, and Urban Affairs fail to act?
Why did U.S. Representative Barney Frank [MA 4th Congressional District,- D], Chair, House Committee on Financial Services fail to act?
The Republicans tried to do something about Freddie and Fannie before the bottom fell out and the economy collapsed. But the Democrats can point to nothing but inactivity on their parts to avoid the 2008 economic slide of the last few months.
Yet, the general population for the most part who are not aware of the above facts are about to lay the blame on the current Republican administration by voting in an entire Democratic government.
Is it possible even probable that the Democrats let our economy slide intentionally so that they could seize control in 2008? In 2006, did they realize that an economic crisis would be blamed on the current administration making it easier for Democrats to move into the White House in 2008?
Is it possible that the Democrat leadership was more interested in themselves and the acquisition of power then in serving the good of the people? Have they forgotten they work for us and not themselves?
Sir Conan Doyle writes (Sherlock Holmes), that “It is an old maxim of mine that when you have excluded the impossible, whatever remains, however improbable, must be the truth”.
By Jay Ashe, Staff Writer (jay.ashe@att.net)
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