Obama: Freddie Mac, Fannie Mae, & Lehman Brother

If you watched the news last night, you saw Senator Barack Obama criticizing Senator McCain for being obligated to the financial industry which as we all know is in a deep crisis. I actually thought it was a good attack until I did some research.

It turns out it is Barack who is in the back-pocket of the financial industry according to data from the Center for Responsive Politics. As a United State Senator, Barack took over $170,000 from Fannie Mae officials. The junior Senator ranked number 2 in donations behind Chairman Chris Dodd.

During this Presidential campaign Obama has taken $370,000 from Lehman Brother officials. On the other hand, McCain has only received $117,000. Goldman Sachs people are also big contributors to Barack. They donated $691,000 to him while McCain got $208,000.

Barack claims that voters are going to get more of the same if you elect Senator McCain. However, it is Barack who is more obligated to the financial industry that is causing this economic crisis not Senator McCain.
BostonHerald.com - Blogs: Lone Republican» Blog Archive » Obama Hypocrisy

What a horrible, depressed economy when the candidate of gloom and doom (sorry, hope and change) is close to raising $400 million for his campaign and is having a dinner for $28,500 a plate contributors. I hope those gamblers haven't taken away from the profits at "The Boat."

Barack Obama and Joe Biden, the candidates of Freddie Mac and Fannie Mae, whose former managers now are economic advisers to Obama's campaign, either to tell him mistakes that have cost the American people or to give him new scams to further fool the American people.
Obama, Freddie Mac and Fannie Mae -- chicagotribune.com

Candidate of "Change"....what a joke!

Have a good one!:s4:

These attacks based on who candidates accepted money from are a joke. Obama has the most donations period, so it stands to reason that on average he would have more donations from any given source than other candidates.

When I donated to his campaign, I had to state what industry I worked in. The company I worked for at the time made pharmaceutical manufacturing equipment (mostly for vaccines), so I checked the "pharmaceutical" box. Then a while later, someone was criticizing Obama, talking about all the money he accepted from pharmaceutical company employees. So yeah, some of that money was me. I have no special desire to help the pharmaceutical industry. Hell, I hated my job. But the way it was framed, it lumped us all together as pulling for "big pharmaceutical" companies.

Besides, the only reason this information is available is because of the ethics bill that Obama was instrumental in passing.

Both Obama and McCain have taken money from the financial services industry. So?

McCain's philisophy of deregulation is responsible for this mess!

The failures of these various financial institutions is mostly due to deregulation and lack of oversight, and that is something that McCain bears direct responsibility for. McCain serves on the Senate Commerce Committee and has responsibility for regulating these insittutions. He describes himself as a "strong deregulator" and in the past has taken "credit" for deregulating these industries. Now that the lack of oversight has resulted in a financial meltdown, he is calling for more regulation and oversight! What a liar! He spends his career rolling back regulation and oversight and now he wants us to believe he is the one who will bring responsible regulation these industries? The man is so full of shit!

Phil Graham was coathur of the act that rolled back the protections of the Glass-Steagle act and deregulated the derivitives markets. That's the same guy who was McCain's campaign manager until he called us all a "nation of whiners" and the economy a "mental recession." McCain's campaign manager wrote the law that allowed this shit to happen! McCain has no credibility on this subject at all!

Now remember, he's only been in the Senate four years, but he still managed to grab the No. 2 spot ahead of John Kerry â?? decades in the Senate â?? and Chris Dodd, who is chairman of the Senate Banking Committee.

Fannie and Freddie have been creations of the congressional Democrats and the Clinton White House, designed to make mortgages available to more people and, as it turns out, some people who couldn't afford them.

Fannie and Freddie have also been places for big Washington Democrats to go to work in the semi-private sector and pocket millions. The Clinton administration's White House Budget Director Franklin Raines ran Fannie and collected $50 million. Jamie Gorelick â?? Clinton Justice Department official â?? worked for Fannie and took home $26 million. Big Democrat Jim Johnson, recently on Obama's VP search committee, has hauled in millions from his Fannie Mae CEO job.

Now remember: Obama's ads and stump speeches attack McCain and Republican policies for the current financial turmoil. It is demonstrably not Republican policy and worse, it appears the man attacking McCain â?? Sen. Obama â?? was at the head of the line when the piggies lined up at the Fannie and Freddie trough for campaign bucks.

Sen. Barack Obama: No. 2 on the Fannie/Freddie list of favored politicians after just four short years in the Senate.
FOXNews.com - Barack Obama's Fannie Mae/Freddie Mac Connection - John Gibson Radio

[YOUTUBE]http://www.youtube.com/watch?v=isc4N4ERKww[/YOUTUBE]

Like I've said before, Obama could shit in the middle of the road and some would say "what a beautiful pile of enviromentally safe material".

Have a good one!:s4:

Both McCain and Obama were against the government takeover of AIG. Do these two very wealthy people have any concern at all about what the collapse of AIG would have meant to the world economy? Now they're both changing their stories again.

Quote:

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Originally Posted by Psycho4Bud

Now remember, he's only been in the Senate four years, but he still managed to grab the No. 2 spot ahead of John Kerry â?? decades in the Senate â?? and Chris Dodd, who is chairman of the Senate Banking Committee.

Fannie and Freddie have been creations of the congressional Democrats and the Clinton White House, designed to make mortgages available to more people and, as it turns out, some people who couldn't afford them.

Fannie and Freddie have also been places for big Washington Democrats to go to work in the semi-private sector and pocket millions. The Clinton administration's White House Budget Director Franklin Raines ran Fannie and collected $50 million. Jamie Gorelick â?? Clinton Justice Department official â?? worked for Fannie and took home $26 million. Big Democrat Jim Johnson, recently on Obama's VP search committee, has hauled in millions from his Fannie Mae CEO job.

Now remember: Obama's ads and stump speeches attack McCain and Republican policies for the current financial turmoil. It is demonstrably not Republican policy and worse, it appears the man attacking McCain â?? Sen. Obama â?? was at the head of the line when the piggies lined up at the Fannie and Freddie trough for campaign bucks.

Sen. Barack Obama: No. 2 on the Fannie/Freddie list of favored politicians after just four short years in the Senate.
FOXNews.com - Barack Obama's Fannie Mae/Freddie Mac Connection - John Gibson Radio

[YOUTUBE]http://www.youtube.com/watch?v=isc4N4ERKww[/YOUTUBE]

Like I've said before, Obama could shit in the middle of the road and some would say "what a beautiful pile of enviromentally safe material".

Have a good one!:s4:

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Ha ha! You keep making the case that Obama recieved contributions --- there's no argument there. They both took contributions from the industry. But it's McCain who actually took action to deregulate these industires and create the environment where these problems could develop.

I like the video clip of McCain this morning on the news where he said when he got into office he was going to clean up all that corruption on wallstreet.lol
That is so damn funny. Who do think's paying for his campaign? What a hypocrit.

Do you think it's possible that they think that Mccain will just cause more problems? So that makes them want to donate more money to Obama because they see him as someone that will correct problems instead of create them.

The reason I see it like this is because it is all DONATED money. It's not like anyone twisted there arm and told them that they need to give money to Obama. It's completely voluntary and any "drain" on the industry it might do is by personal choice of the industry. Perhaps if they thought Mccain was the right choice, then the figures would be reversed. I bet Mccain supporters wouldn't be complaining about it if that were the case.

BOTH of the candidates are saying shit about change and cleaning up the system but yet BOTH are receiving funds from organizations like this that are ripping us all off. Is it so hard to say that when a man shits in the street it stinks?

Good reason for a complete "change" of the political election system if ya ask me. Free airtime for ALL parties...not just the favored two. Election money comes from the government and not in the 100's of millions to waste. When ya take the lobbyists money out of their pockets we'll have a better chance of driving them completely out of Washington.

Have a good one!:s4:

Yeah there will be no changes for the next 4 years and I can't see either candidate being a positive influence on the economy. This is why I wish we were a democracy instaed of a republic. Then if a president is doing a really shitty job we could kick there ass out before there term is up. Of course then you would have the VP running the country or worse yet the speaker of the house. Could you imagine Pellosi as interim president? It would be a nightmare.