BILL ON THE CAMPAIGN TRAIL…..FOR McCAIN-PALIN
(H/T Hot Air)
From correspondents in Washington
September 19, 2008 09:27am
Article from: Agence France-PresseFORMER US president Bill Clinton has cast an approving eye at Sarah Palin’s political skills, but would not be drawn on whether his wife Hillary could run for the White House in 2012.
Mr Clinton, acclaimed even by his enemies as one of the most consummate American politicians in recent history, said he did not agree with Republican vice presidential pick Mrs Palin on politics, but warned fellow Democrats not to underestimate her.“She’s an instinctively effective candidate and with a compelling story,” Mr Clinton said in an interview with CNBC.
“I think it was exciting to some that she was a woman,” said Mr Clinton.
“I think she, I get why she’s done so well. It’s a mistake to underestimate her. She’s got good intuitive skills. They’re significant.”
Mr Clinton said he thought Republican presidential candidate John McCain, a Vietnam war hero and veteran lawmaker, was a “great man” and that the election on November 4 would be close, but he predicted Democrat Barack Obama would emerge triumphant.
But if Senator McCain should win, would Hillary Clinton, who narrowly failed to capture the Democratic presidential nomination this time around, challenge the Arizona senator in 2012?
“I don’t know,” Mr Clinton said.
September 19, 2008 at 5:30 pm
Not all blacks for Obama… see this piece today….
http://www.breitbart.tv/html/178233.html
September 19, 2008 at 11:03 pm
I can’t figure the Clinton’s out. Hillary and Bill were both treated like scum and had their names trashed by Obama and his political followers…and yet they are working to help get the asshole elected. Every once in awhile I’ll see them drop little bombs like this one, but I’m not sure if I’m reading too much into it or if they really are supporting Obama. I keep hoping they have some plan to derail this election for Obama, but maybe party and their own political power is more important to them than country.
September 20, 2008 at 1:32 am
If Hillary wants to keep her Senate seat and possibly try again in 2012 she and Bill have to appear to be helping. Put on a good show. Have you seen what they are trying to do to Rangel for not supporting Obama soon enough? DO you think this was just a conincidence ? Pelosi-Obama are trying to destroy Rangel. And who did he sit with at the convention? Hillary and Chelsea. Keep your friends close and your enemies closer. And of course Hillary and especially BIll send little messages in their speeches and interviews. They must do what they must for now so they can come back to fight another day.
September 20, 2008 at 12:37 pm
Bubba is just thinking he can score on Sarah. Ha!
Hey Bill thanxs for strating all those loans in Fannie and Fredie, now you have given us all the gift that keeps on giving.
Bill you are a degenerate labour Party Cambridged trained University socilaist. You will go down in history as the one who fucked this country most,so far,unless you keep fighting Obama with Hillary and self destruct the Democratic Party in your pathetic power struggle. Maybe Karma dose work after all.
September 20, 2008 at 2:29 pm
I must agree with these remarks. I am totally confused as to why…how..they can go out and campaign for someone that trashed them beyond belief. Why do they not say the democratic party does not deserve them and walk away. Am I so horribly out of touch? With me…regardless of party…your country should come first. I have lost some respect for the Clintons. They of all people know what obama and his friends are like. Hey George…you are immature!!!!
September 21, 2008 at 12:01 am
File this under not all women of color are for Obama.
This is one brave woman and this will knock you out. I first caught this last night, on NOQuarter.
September 21, 2008 at 3:05 am
“She’s an instinctively effective candidate and with a compelling story,”
seriously, have you all lost the ability to recognize a backhanded compliment when you hear one?
no way, no way, no way, he meant this as anything but non-statement, statement. I laughed out loud when i read it. It’s the art school equivalent of telling someone their work is “interesting”.
September 21, 2008 at 3:56 pm
the Gamaliel connection by Stanely Kurrtz
this ties up more of the Chicago based radicals all together
http://www.eppc.org/publications/pubid.3521/pub_detail.asp
September 21, 2008 at 4:47 pm
How about Hugo Bush taking over these companies?
September 21, 2008 at 7:18 pm
Hey Maher you are a Fascist
MAHER: I know, I’m kidding. But I, I honestly do not trust Americans to do the right thing or make the right choices. They’re just too fucking dumb. I’m sorry. I know I’m a bad guy for saying that.
September 22, 2008 at 1:17 am
have you guys seen this? Obama tries to smear mccain as a bigot. lovely.
http://annienyc.blogspot.com/2008/09/back-to-his-nasty-tricks-obama-tries-to.html
September 22, 2008 at 1:18 am
Ohhhh, they’ve underestimated Gov. Palin all right! She’s powerful and has a whole army of American women behind her. Watch out.
September 23, 2008 at 11:36 am
Here Again how the Dems blocked and jammed the economy
Monday, September 22, 2008
Obama’s Dems blocked all attempts to control Freddie Mac and Fannie Mae; led to financial meltdown
Obama, Dems, and the Economy
“If you don’t know, your friends probably don’t either – forward it on.”
While the down economy is dominating the headlines, the causes of the downturn are fairly clear. Real estate markets and financial markets have been overwhelmed by the massive losses in mortgages and mortgage-backed securities, causing investors worldwide to drive down prices and values.
So how did Fannie Mae and Freddie Mac, the U.S.’s largest mortgage holders, get weighted down with so many unpaid loans, short sales, and foreclosures? There are groups within congress that have fought for years to have Fannie and Freddie accept mortgages from “underserved” groups. Democrats, the Congressional Black Caucus, and other interest groups have pushed for loans to be made to those who otherwise wouldn’t qualify – bad credit, low income, no income, no job, no assets, etc. These are all labeled as “affordable housing” initiatives, but they’ve been shown in reality to be something very clear – borrowers who can’t pay their bills. Barack Obama has been heavily involved in these efforts, and his “community organizing” policies would surely continue this kind of financial mismanagement.
2003 – Democrats block first attempt at regulation
The Bush Administration tried to prevent the oncoming mess in 2003 with an overhaul of Fannie and Freddie, stiff regulation of loose lending practices, and financial responsibility. Democratic leadership blocked these efforts, with Democrat Barney Frank taking the lead:
”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.”
NY Times – 2003 Proposed New Financial Regulations on Fannie Mae and Freddie Mac fullpage.html?res=9E06E3D6123BF932A2575AC0A9659C8B63&sec=&spon=&pagewanted=print>
2005 – Democrats again block the same regulation proposals
Republicans tried again to install financial responsibility and controls on Fannie and Freddie. Democrats opposed it on a party-line vote in the committee, signaling that this would be a partisan issue. Republicans, tied in knots by the tight Democratic opposition, couldn’t even get the Senate to vote on the matter.
Bloomberg – 2005 Proposal Blocked Again By Democrats apps/news?pid=email_en&refer=&sid=aSKSoiNbnQY0>
YouTube – Fannie Mae head praising Obama, Dems, Congressional Black Caucus as the “Conscience” of Fannie Mae v=usvG-s_Ssb0>
September 23, 2008 at 1:04 pm
Never forget that a vote for Obama is a vote for Pelosi and Reid and the Democratic dummies that have controlled Congress for the last two years . . . and did nothing except rake in the money from special interests for the previous six years under Bush.
Absent Hillary, is there a Democratic senator or congressperson one can admire anymore? I’ve been racking my brain and can’t come up with one.
Here’s another question. Can you come up with the name of any one the Dem’s, that if stuck in foxhole, you’d want covering your back? Me neither!
September 23, 2008 at 6:23 pm
Bush and the NeoCons invaded IRAQ without provocation, raided the US Treasury and trampled on our Civil Rights.
for these (and other crimes) they have to go.
Vote Obama ‘08
September 23, 2008 at 6:49 pm
White House warned about Fannie and Freddie
September 23, 2008 – 0:49 ET
For many years the President and his Administration have not only warned of the systemic consequences of financial turmoil at a housing government-sponsored enterprise (GSE) but also put forward thoughtful plans to reduce the risk that either Fannie Mae or Freddie Mac would encounter such difficulties. President Bush publicly called for GSE reform 17 times in 2008 alone before Congress acted. Unfortunately, these warnings went unheeded, as the President’s repeated attempts to reform the supervision of these entities were thwarted by the legislative maneuvering of those who emphatically denied there were problems.
2001
April: The Administration’s FY02 budget declares that the size of Fannie Mae and Freddie Mac is “a potential problem,” because “financial trouble of a large GSE could cause strong repercussions in financial markets, affecting Federally insured entities and economic activity.”
2002
May: The President calls for the disclosure and corporate governance principles contained in his 10-point plan for corporate responsibility to apply to Fannie Mae and Freddie Mac. (OMB Prompt Letter to OFHEO, 5/29/02)
2003
January: Freddie Mac announces it has to restate financial results for the previous three years.
February: The Office of Federal Housing Enterprise Oversight (OFHEO) releases a report explaining that “although investors perceive an implicit Federal guarantee of [GSE] obligations,” “the government has provided no explicit legal backing for them.” As a consequence, unexpected problems at a GSE could immediately spread into financial sectors beyond the housing market. (“Systemic Risk: Fannie Mae, Freddie Mac and the Role of OFHEO,” OFHEO Report, 2/4/03)
September: Fannie Mae discloses SEC investigation and acknowledges OFHEO’s review found earnings manipulations.
September: Treasury Secretary John Snow testifies before the House Financial Services Committee to recommend that Congress enact “legislation to create a new Federal agency to regulate and supervise the financial activities of our housing-related government sponsored enterprises” and set prudent and appropriate minimum capital adequacy requirements.
October: Fannie Mae discloses $1.2 billion accounting error.
November: Council of the Economic Advisers (CEA) Chairman Greg Mankiw explains that any “legislation to reform GSE regulation should empower the new regulator with sufficient strength and credibility to reduce systemic risk.” To reduce the potential for systemic instability, the regulator would have “broad authority to set both risk-based and minimum capital standards” and “receivership powers necessary to wind down the affairs of a troubled GSE.” (N. Gregory Mankiw, Remarks At The Conference Of State Bank Supervisors State Banking Summit And Leadership, 11/6/03)
2004
February: The President’s FY05 Budget again highlights the risk posed by the explosive growth of the GSEs and their low levels of required capital, and called for creation of a new, world-class regulator: “The Administration has determined that the safety and soundness regulators of the housing GSEs lack sufficient power and stature to meet their responsibilities, and therefore…should be replaced with a new strengthened regulator.” (2005 Budget Analytic Perspectives, pg. 83)
February: CEA Chairman Mankiw cautions Congress to “not take [the financial market's] strength for granted.” Again, the call from the Administration was to reduce this risk by “ensuring that the housing GSEs are overseen by an effective regulator.” (N. Gregory Mankiw, Op-Ed, “Keeping Fannie And Freddie’s House In Order,” Financial Times, 2/24/04)
June: Deputy Secretary of Treasury Samuel Bodman spotlights the risk posed by the GSEs and called for reform, saying “We do not have a world-class system of supervision of the housing government sponsored enterprises (GSEs), even though the importance of the housing financial system that the GSEs serve demands the best in supervision to ensure the long-term vitality of that system. Therefore, the Administration has called for a new, first class, regulatory supervisor for the three housing GSEs: Fannie Mae, Freddie Mac, and the Federal Home Loan Banking System.” (Samuel Bodman, House Financial Services Subcommittee on Oversight and Investigations Testimony, 6/16/04)
2005
April: Treasury Secretary John Snow repeats his call for GSE reform, saying “Events that have transpired since I testified before this Committee in 2003 reinforce concerns over the systemic risks posed by the GSEs and further highlight the need for real GSE reform to ensure that our housing finance system remains a strong and vibrant source of funding for expanding homeownership opportunities in America… Half-measures will only exacerbate the risks to our financial system.” (Secretary John W. Snow, “Testimony Before The U.S. House Financial Services Committee,” 4/13/05)
2007
July: Two Bear Stearns hedge funds invested in mortgage securities collapse.
August: President Bush emphatically calls on Congress to pass a reform package for Fannie Mae and Freddie Mac, saying “first things first when it comes to those two institutions. Congress needs to get them reformed, get them streamlined, get them focused, and then I will consider other options.” (President George W. Bush, Press Conference, The White House, 8/9/07)
September: RealtyTrac announces foreclosure filings up 243,000 in August – up 115 percent from the year before.
September: Single-family existing home sales decreases 7.5 percent from the previous month – the lowest level in nine years. Median sale price of existing homes fell six percent from the year before.
December: President Bush again warns Congress of the need to pass legislation reforming GSEs, saying “These institutions provide liquidity in the mortgage market that benefits millions of homeowners, and it is vital they operate safely and operate soundly. So I’ve called on Congress to pass legislation that strengthens independent regulation of the GSEs – and ensures they focus on their important housing mission. The GSE reform bill passed by the House earlier this year is a good start. But the Senate has not acted. And the United States Senate needs to pass this legislation soon.” (President George W. Bush, Discusses Housing, The White House, 12/6/07)
2008
January: Bank of America announces it will buy Countrywide.
January: Citigroup announces mortgage portfolio lost $18.1 billion in value.
February: Assistant Secretary David Nason reiterates the urgency of reforms, says “A new regulatory structure for the housing GSEs is essential if these entities are to continue to perform their public mission successfully.” (David Nason, Testimony On Reforming GSE Regulation, Senate Committee On Banking, Housing And Urban Affairs, 2/7/08)
March: Bear Stearns announces it will sell itself to JPMorgan Chase.
March: President Bush calls on Congress to take action and “move forward with reforms on Fannie Mae and Freddie Mac. They need to continue to modernize the FHA, as well as allow State housing agencies to issue tax-free bonds to homeowners to refinance their mortgages.” (President George W. Bush, Remarks To The Economic Club Of New York, New York, NY, 3/14/08)
April: President Bush urges Congress to pass the much needed legislation and “modernize Fannie Mae and Freddie Mac. [There are] constructive things Congress can do that will encourage the housing market to correct quickly by … helping people stay in their homes.” (President George W. Bush, Meeting With Cabinet, the White House, 4/14/08)
May: President Bush issues several pleas to Congress to pass legislation reforming Fannie Mae and Freddie Mac before the situation deteriorates further.
“Americans are concerned about making their mortgage payments and keeping their homes. Yet Congress has failed to pass legislation I have repeatedly requested to modernize the Federal Housing Administration that will help more families stay in their homes, reform Fannie Mae and Freddie Mac to ensure they focus on their housing mission, and allow State housing agencies to issue tax-free bonds to refinance sub-prime loans.” (President George W. Bush, Radio Address, 5/3/08)
“[T]he government ought to be helping creditworthy people stay in their homes. And one way we can do that – and Congress is making progress on this – is the reform of Fannie Mae and Freddie Mac. That reform will come with a strong, independent regulator.” (President George W. Bush, Meeting With The Secretary Of The Treasury, the White House, 5/19/08)
Congress needs to pass legislation to modernize the Federal Housing Administration, reform Fannie Mae and Freddie Mac to ensure they focus on their housing mission, and allow State housing agencies to issue tax-free bonds to refinance subprime loans.” (President George W. Bush, Radio Address, 5/31/08)
June: As foreclosure rates continued to rise in the first quarter, the President once again asks Congress to take the necessary measures to address this challenge, saying “we need to pass legislation to reform Fannie Mae and Freddie Mac.” (President George W. Bush, Remarks At Swearing In Ceremony For Secretary Of Housing And Urban Development, Washington, D.C., 6/6/08)
July: Congress heeds the President’s call for action and passes reform of Fannie Mae and Freddie Mac as it becomes clear that the institutions are failing.
(White House Press Release)
September 23, 2008 at 6:57 pm
Hey Starchy Hitler said tell a lie often enough and it will be believed.
That is what Obama is running on LIES LIES LIES and more LIES
as far as Iraq and the rest of the Democrates are concerned :
Chock on this Starchy;