HOW DARE HE....
By TiTo | September 17, 2008
How DARE OBAMA say such things as:
Sen. BARAK OBAMA: “For eight years, we’ve had policies that have shredded consumer protections, that have loosened oversight and regulation and encouraged out-sized bonuses to CEO’s while ignoring middle-class Americans. The result is the most serious financial crisis since the Great Depression. And I certainly don’t fault Senator John McCain for these problems, but I do fault the economic philosophy he subscribes to, because it’s the same philosophy we’ve had for the last eight years.”
How DARE the Senator from Illinois utter such words, when it is HIS running mate JOE BIDEN, the plastic Senator from Delaware - or now know as the "MASTERCARD VP", helped pave the way for the economic collapse this country presently finds itself in.
BIDEN is going to have a tough time explaining to people that he has been MBNA's man in the Senate--
"MBNA - now owned by Bank of America and one of the world's largest credit card issuers - has been his biggest financial backer, after contributing $214,000 over his career--he was the long-time champion and key architect of, in the words of Chair of the Senate Banking Committee, Senator Chris Dodd, "one of the "worst bills ever," the anti-consumer bankruptcy law, which helped pave the way for the present foreclosure crisis by shifting the risk for engaging in predatory lending practices from predatory lenders to hapless borrowers."
So what does "shifting the risk for engaging in predatory lending practices from predatory lenders to hapless borrowers" mean? Well, previous to this bill when a bank, or lender, issued a loan they knew the borrower could in no way afford, the bank could be legally pursued as a "Predatory Lender". However, thanks to JOE BIDEN'S bill that risk is shifted to the borrower who never should have been issued the loan by the bank in the first place. Or as OBAMA stated in a recent speech - the blame lays on the "irresponsible borrowers". WHAT?!?!?!
This team preaches change for the middle class... appears as though that change of which they speak is the further destruction of the American economy, further isolation of the middle and lower classes, as the rich get richer and the OBAMA/BIDEN team and their corporate puppet masters laugh all the way to the bank with our money... which they will then steal from our banks and then get bailed out with our tax monies. Sound familiar? Sure doesn't sound like change to me.
I find it difficult to believe that the millions of Americans being pushed out of their homes and squeezed on interest rate payments will be likely to vote for a ticket with BIDEN'S name on it when he is the one who worked through two presidential administrations to ram his legislation through on behalf of the mega-corporate credit card companies that make their livelihood by walking on the backs of the middle class, first with President Clinton who had the good sense to veto it, and then President Bush who had the moral bankruptcy to sign it.
The OBAMA/BIDEN ticket of change is a BOLD FACED LIE!!!
Had OBAMA wanted change for this country... I mean REAL CHANGE... he never would have chosen this corporate pawn for his running mate...
JOE BIDEN...
That's NOT change...
That just more of the same!
Your comments are welcomed.
16.0°
Perhaps next time you can write your OWN retort.
But the fact of the matter is that when we go to the polls to vote we choose a President AND a Vice President. What the Vice President believes on an issue is every much as important as what the President believes on an issue... even if they differ.
Funny though how you deviate from the actual topic of my post, which is the fact that JOE BIDEN is directly responsible for the current economic collapse... which is getting worse every day in case you have not noticed. JOE BIDEN WROTE the law that paved the way for the situation this country is currently in. But OBAMA and his spin doctors don't want you to know about that, instead trying to pin the mess squarely on the republicans and President Bush. Certainly Bush bears some of the burden... he DID pass the bill. But what has the Democratic Congress accomplished in two years that could have changed this crisis? Nothing. They did absolutely nothing at all. The most do nothing congress in our history as a country.
And still the OBAMA camp will try to convince you that it is the fault of the republicans.
These types of topics are not fodder for high school classrooms. These are topics that REAL adults are discussing and weighing as they try to make their final decisions. Surely McCAIN/PALIN has its faults or problems or whatever you would like to call them. But I for one cannot get behind the man who supports the man who has ruined our country's economic standing in the world. A mess my children and YOUR children will be burdened with cleaning up.
Comments welcomed... preferably your own.