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Leaders Lead

There is some serious deception being practiced on us by Obamanation, the Obama bloggers and the Kool-aid slurping media.

To hear them tell it, the current financial problem is all the Republican’s fault and John McCain is using the crisis as an excuse to avoid debating Obama.   To quote one of Jeralyn’s fans:

“He’d rather flip off the American people than face the music Friday night.” 

Another one claimed that “McCain’s deregulation fantasies got us into this mess.”  Oh really?  Senator John McCain, May 25, 2006:

Mr. President, this week Fannie Mae’s regulator reported that the company’s quarterly reports of profit growth over the past few years were “illusions deliberately and systematically created” by the company’s senior management, which resulted in a $10.6 billion accounting scandal.

The Office of Federal Housing Enterprise Oversight’s report goes on to say that Fannie Mae employees deliberately and intentionally manipulated financial reports to hit earnings targets in order to trigger bonuses for senior executives. In the case of Franklin Raines, Fannie Mae’s former chief executive officer, OFHEO’s report shows that over half of Mr. Raines’ compensation for the 6 years through 2003 was directly tied to meeting earnings targets. The report of financial misconduct at Fannie Mae echoes the deeply troubling $5 billion profit restatement at Freddie Mac.

The OFHEO report also states that Fannie Mae used its political power to lobby Congress in an effort to interfere with the regulator’s examination of the company’s accounting problems. This report comes some weeks after Freddie Mac paid a record $3.8 million fine in a settlement with the Federal Election Commission and restated lobbying disclosure reports from 2004 to 2005. These are entities that have demonstrated over and over again that they are deeply in need of reform.

For years I have been concerned about the regulatory structure that governs Fannie Mae and Freddie Mac–known as Government-sponsored entities or GSEs–and the sheer magnitude of these companies and the role they play in the housing market. OFHEO’s report this week does nothing to ease these concerns. In fact, the report does quite the contrary. OFHEO’s report solidifies my view that the GSEs need to be reformed without delay.

I join as a cosponsor of the Federal Housing Enterprise Regulatory Reform Act of 2005, S. 190, to underscore my support for quick passage of GSE regulatory reform legislation. If Congress does not act, American taxpayers will continue to be exposed to the enormous risk that Fannie Mae and Freddie Mac pose to the housing market, the overall financial system, and the economy as a whole.

I urge my colleagues to support swift action on this GSE reform legislation.


Where has Teh Precious been during this crisis?  Doing what he does best – running for office.  As he put it:

“If they need me they’ll call me.”

Don’t wait for the phone to ring, Barack.  We don’t need you.  We don’t need you now, and we don’t need you next January.

Leaders lead.


From the comments, DancesWithPumas gives the most cogent explanation I have seen in defense of Teh Precious:

“The crisis is above his pay grade.”


A commenter correctly pointed out that Obama never voted on the bill because it died in committee.  I have deleted the erroneous information.

64 Responses

  1. The spin I heard from Adam Smith on Hannity tonight went like this:

    Obama wants to be “helpful,” but doesn’t want to “insert himself” into the situation. (Those are the exact words in quotes)

    Gee, what the hell would he do if he became President?? Isn’t that a job that requires “inserting” oneself? Even being a Senator…it’s not his job to “insert himself”????

    This whole Obama crew are not worth spit! If the American public falls for this crap, I think I’ll bury myself somewhere…

  2. Obama says we’re headed for a great depression but doesn’t seem too urgent to get his butt to the table and roll up his sleeves. Much more important to talk about himself in the debates.
    This is who he is. This is it. Talk and self-promotion. He doesn’t have a vision. He doesn’t want to take a stand on anything…I don’t know if he knows how to. He is most passionate about himself.

  3. The crisis is above his pay grade.

  4. and another thought that is unrelated but since i’ve got the chance to actually be read at the top of a thread…
    when a black republican runs and we don’t support him, it’s because we’re voting against their record/policies/behavior.
    when a black liberal runs and we don’t support him, we’re just racists.
    nevermind that we don’t respect him and his bullshit.

  5. this is like young interns that i hire that just stand there and ask,
    “what can i do?” ahhhhhh!

  6. Someone should trick Obama into thinking that he is going to DC for a GQ lay out, and then when Mr. Lazy arrives, someone should make him do some actual–GASP–work on this dreadful economy.

    As for Senator McCain being afraid to debate Uhhh–uhhh–uhhhbama, that might be the funniest thing that I’ve heard this week! Without a teleprompter, Obama resides somewhere between incompetence and self parody.

    OT, and I’m sure it has been mentioned many times before, but go and vote that Governor Palin is qualified to be VP–http://www.pbs.org/now/polls/poll-435.html

    It seems that the “progressives” are afraid that the PBS poll with show that most Americans believe that Governor Palin is qualified.


  7. Obama is a joke in this context. Biden is part of the cause of this crisis.

    McCain is better than either to be the one to decide on or to create a solution and then to instate it.

    (But not nearly as good as Hillary.)

  8. DWP:

    I added your comment to my post in an update.

  9. “If they need me they’ll call me”

    Seriously, are we in the Twilight Zone? WTF is WRONG with these people?

    I think Axlerod tricked Obama by telling him he was running for president of the Senate Drama Club. No way in hell could someone act like this if he knew he were running for President of the United States.

  10. I get paid by David Axelrod to repeat Obama talking points.

    (Edited to make truthful)

  11. I feel like an ant standing at the bottom of the Empire State building screaming for help from someone on the top floor. Even so, maybe someone will hear me.

    Barney Frank announced tonight that the Democrats have magically fashioned a remedy for the ailing Wall Street. They don’t need McCain, he’ll just show up for a photo op and slow things down. Same talking point as Harry Reid who called McCain and said the same thing. Jerks.

    I’m sure some sort of compromise agreement will be announced by Thursday night and that McCain and Obama, who now has to go to the White House with McCain, will fly down for the debate on Friday. Congress will be left to vote on a measure over the weekend so that president Bush can sign it by Sunday evening. If that happens, Wall Street will be happy and the market will rally on Monday.

    The thing of it is, Barney Frank has always been a big part of the freaking problem! He’s one of the Dem jerks who stood in the way of tighter regulations on FredFan 2 years ago. The Dems blocked every effort by Republicans like Hagel, Sunnunu, Dole, and McCain to prevent what’s happening now.

    So, NOW Barney all of a sudden has THE solution?!?!?! WTF?

  12. Thanks SB. We Clinton Democrats are dumb like that. We get misled a lot. Why, just wave a pot of kool-ade in front of us, and it’s amazing what kind of anti-everything we stand for chicago thugs end up getting our unqualified support.

  13. SB,
    I know it will disturb your world view, but there are in fact people who have been life long Democrats who *gasp* aren’t going to support a ZERO.

  14. NoBama, I like Barney (he used to my Congressman), but anything that’s okayed by the Dems will have to go through Biden and we’re going to get screwed.

  15. that 2006 statement by McCain re: FreddieMac is amazing! Wonder why that’s not being reported by the msm.

  16. I used to like Barney until I found out what a jerk he was regarding the regulation of Fannie/Freddie. Last year, I was gung ho for Dems in general but this year, my perception has shifted 180°.

  17. re: “If they need me they’ll call me” — this statement shouldn’t surprise anyone — it is pretty clear that Obama is the Pelosi/Reid/Daschle puppet — they only need him for photo ops and rallies, not for things like decisions on policy.

  18. Anglachel has a new post up. Read it.

    Sad when I have to go to an anonymous blogger for the best political coverage on the web. There was a time when I actually went to sites like MSNBC for news and intelligent commentary.

  19. Q: What would-be leader lets others handle a major crisis while he runs around talking about leadership?

    A: Barack Obama

  20. Most of the day I have been reading headlines like this:
    Palin: US could face another Great Depression

    But Sarah Palin DIDN’T say that. These headlines are the result of just another hack job by the MSM. This time it’s Katie Couric. She interviewed both Sarah Palin and John McCain today. First Sarah Palin:

    Couric: If this doesn’t pass, do you think there’s a risk of another Great Depression?

    Palin: Unfortunately, that is the road that America may find itself on. Not necessarily this, as it’s been proposed, has to pass or we’re going to find ourselves in another Great Depression. But, there has got to be action – bipartisan effort – Congress not pointing fingers at one another but finding the solution to this, taking action, and being serious about the reforms on Wall Street that are needed.

    Notice who it was who initially used the term “Great Depression”.

    Then Couric used the term again with John McCain – only this time she asks the questions as if that description, “Great Depression”, came directly from Governor Palin. Which it didn’t.

    Couric: Earlier today, senator, I spoke with your running mate, Sarah Palin, and she told me that if action is not taken a Great Depression is, quote, “The road that America may find itself on.” Do you agree with that assessment?

    McCain: I don’t know … if it’s exactly the Depression. But I know of no expert, including Mr. Bernanke, the head of the Federal Reserve, and our secretary of treasury, and the outside observers … every respected economist … in this country is saying, “You better address this problem, and you better do it now, or the consequences, obviously, of inaction are of the utmost seriousness.” So I agree … with Gov. Palin. There’s so much at stake here. That’s why I am confident that we’ll sit down and work together on this thing.

    Couric: But isn’t so much of this, Sen. McCain, about consumer confidence?

    McCain: Sure.

    Couric: And using rhetoric like the “Great Depression,” is that the kind of language Americans need to hear right now?

    McCain: Well, listen, I’ve heard language from respected people: “oh, we’re staring at the abyss.” I’ve heard all kinds of things from people. I don’t think we need to scare people. But I certainly think we need to tell them the truth. And tell them what’s at stake here.

    It may be a small thing, but this is EXACTLY the type of BS the MSM has been engaging in for months. It really p*ssed me off when I heard it.

  21. Yeah, I’m sure you’re right, it’s just that since being gerrymandered I have the worst Congressman in MA, so I have Barney envy. 🙂

    But angie pointed out in the last thread, Hopey McChangey is already making it clear that dialing back predatory interest rates and reducing the size of morgages on homes that have lost value are out, errr, I mean, yeah we’l get to that….someday, so between Obama and Biden they’ve got the screwing of America covered.

  22. Who is the lovely lady in the photo?

  23. kjm:

    And the media wonders why Palin doesn’t talk to them!

  24. Britania:

    Barry’s grandma?

  25. So even Barry’s grandma won’t drink the Kool-Aid? (Sorry, I’m slow.)

  26. Zing!

  27. “if you need me call me” is now my facebook status, in response to the endless Obot talking points my spousal unit broadcasts on Twitter. I don’t get how they think. To them “Gramps” McCain’s announcement is political posturing. Perhaps, but it’s also called “doing his job.”

  28. What we are witnessing is the result of the perfect financial storm. Post tech bubble burst, there weren’t any viable ready-made investment alternatives other than real estate courtesy of Bush’s troupe of idiots. Wall Street created the vehicles to bundle to make outrageous sums (over $60 billion in bonuses last year alone), the R’s had deregulation of the financial services to crow about, the D’s could crow about putting first time homeowners in homes at 0% interest and ARMs, and the Bushies had an economy being wrung out with two wars where housing and construction were the lynch pins propping up a faltering economy.

    The perfect storm — no one was watching, the culprits were essentially printing money, and no one had the chutzpah to call a time out when it became apparent 18 months ago. What is really devasting to this whole mess is that most of these bundled mortgage instruments have “bankruptcy proof” provisions to make them investment grade.

    Last night on Colbert was this line, Bush might not only be the worst President, he might be the last.

  29. That was quite a keen prediction by McCain in 2006.

  30. ugsome, bush should have used the Obots’ line of reasoning with Katrina. Well, see, he had to do nothing, he wouldn’t want to make it political! Oh, wait, he tried to get Obama to join him and Obama threw a tantrum.

    Honest to god, it’s in Mccain’s interest to go to the debate and repeat this information verbatim, because it sure as hell won’t get out there otherwise. He’ll probably take a hit for acting like an adult.

  31. I have never seen an election cycle where so many uninformed people have no idea of what or for whom they are voting .
    If the msm had done the job they are supposed to do and truthfully inform the voters, backtrack would have been out ot the race before Febuary.
    There is a crisis in the economy that backtrack cannot handle and his followers are still making excuses for him.
    God help this country is backtrack gets selected.
    With him in office Kenya will look more like a democracy than this country.
    People are worried and need leaders not a glorified puffed up know -nothing



  32. Guys right now i’m listening to Rush limbaughs show and loving it, we need to clean out our party. Novemeber 5th, teh real democrats need to t ake there party back, do you know what is like to watch fox News to get acurate information. Every day I loath obama more and more. This is not right!

  33. kjmontana-great analysis!!!!

    I believe, given the current crisis, and the sacrifices that many honest people will have to make, that journalists’ salaries should be halved and their perks removed.

  34. Just watching Hannity go OFF on Obama – saying the exact same things we are saying here. I think Sean comes here regularly to get his talking points. Either that or the world really has turned upside down.

  35. scrubs57:

    Thank you, I have corrected the post.

    Unlike the Kool-aid drinkers, we hold the truth in high respect.

  36. The latest word is that Obama plans to show up and debate himself. Wow, I can’t wait for the questions. They can ask if Obama loves himself as much as the moderators love him, and then Obama can run to the second podium and expound even further on how much more he’d love himself if he were two people.

  37. Hey, someone’s awake!

    Good morning, myiq. (Or have you been awake all night?)

  38. Pffffft! Seriously, the visual on that was hilarious!

    Running back and forth with his ears flopping in the wind!

  39. Did we ever have any doubts about who the true leader running for President was, edge?

    The United States missed out on a good one when the Dems stole the primary from Hillary.

  40. I am in our 56th state, Insomnia

  41. I hate insomnia. Had a lot of it during the primaries. I sleep better now that I have filled in all the ovals on my absentee ballot. I am resolved about my decision and think it is the right one for me and my country.

    Counting sheep doesn’t help either. After a while you keep saying 299 over and over again. Then your brain goes, “wait, that’s not right. Shouldn’t I be further along in the count?” Then the whole cyclical thought processes start all over again and you are just awake even longer.

  42. I live in Permanent Perpetual Insomnia. All our votes are going to be divided between Cyn and Sarah.

  43. EOF:

    Leaders lead, Obama runs (for office)

  44. How many more debates are scheduled? Because you know Obama is going to use his monologue as an excuse to duck out of any more debates, which isn’t good for McCain.

  45. And a campaign e-mil reveals that tainted Jim Johnson is still behind the curtains in the Obama campaign – in a leading position

  46. Yeah–even Bush doesn’t have Scooter working for him.

  47. I thought about that with the debates, Seriously. Barry was probably looking for an excuse to get out of any further debates. McCain may have given Barry a way out.

  48. I think it could be really bad for him, scrubs, but you gotta do what you gotta do, I guess. *shrugs* I don’t have a high opinion of McCain, he’s enabled Bush way too much and I can’t respect someone who crawls to the guy who’s made racist attacks on his kids, but he is starting to grow on me a little bit.

  49. I think it could be really bad for him, scrubs, but you gotta do what you gotta do, I guess. *shrugs* I don’t have a high opinion of McCain, he’s enabled Bush way too much and I can’t respect someone who crawls to the guy who’s made rac ist attacks on his kids, but he is starting to grow on me a little bit.

  50. Lifelong Dem here. (My qualifying statement.)

    I actually met John McCain about 10 years ago when I was at a conference in Phoenix. The guy held my hand when he shook it, looked me in the eye, and listened to what I was saying. He was the hero but he called me a hero for being on active duty in the Air Force – even though I had never and would likely never see a war zone.

    Years later I was sad seeing Dubya win out over McCain because I honestly felt McCain was better.

    Even many more years later, I heard the McCain would be a candidate again. I was worried because I knew that he was one Republican that I wouldn’t feel super guilty about voting for if it came down to a contest between him and a “loser” Dem candidate.

    Now that exact moment has arrived. It wasn’t too hard for me to vote the way I did. I looked into that man’s eyes and I knew he truly cared. I have never looked into Barack’s eyes (ick, the thought scares me) but I don’t believe I would see that same love of country in his eyes if I did get the chance.

    Just my very, very humble opinion, Seriously.

  51. Thanks scrubs. 🙂

  52. I need to get this straight –

    No one can answer the question: “What has Barry done in the Senate or in his 8 years in the Illinois Senate?” They have to say they don’t know because the answer is nothing.

    Sarah can’t pin point specifics of McCain’s long significant career, and she is unqualified.

    Go to hell Media.


  53. Obama and DNC failed to produce the birth certificate. They chose instead to file for a dismissal.

    I find this extremely disturbing that they did not just produce the document and be done with it.


  54. So Bush calls and Obama comes running.

    Obama couldn’t be bothered to attend the Martin Luther King event, looked bored at the 9/11 ceremony, thinks a 6 year senate term is over in 6 months and criticizes Senator McCain for returning to Washington to do his job with a petulant, “If they need me they’ll call me.” Reid may have given him permission to be absent from the Senate but I doubt his constitutes did. But summoned by King George, the “Crown Prince” Obama interrupts his busy debate rehearsal schedule to fly to Bush’s side.

    Reminds me of a bratty kid with a one track mind threatening to hold his breath until he gets his way. Truth is they DON’T need him and he’ll just get in the way but it is his job (underscore j-o-b) to be there and listen to the evidence before casting a vote in the Senate…so why do I think that is also “above his pay grade”?

  55. Britannia said: That was quite a keen prediction by McCain in 2006.

    And Hillary brought it up during the primaries

  56. […] Seclusion?  From what?  Reality, maybe?   Why would you need so much practice at something you’re already supposed to know?  Like DancesWithPumas said in MYIQs post below, “this crisis is above his pay grade.”  […]

  57. I heard some Kool Aid nitwit call into Hannity on the radio and say, “McCain punked out.”

    Hannity responded with: let me get this straight–you think the guy who has invited Obama to do Town Halls all across the country chickened out for one debate that will just be postponed?

    Yea man, just like at Saddleback Mountain.

    Hannity repeated: Saddleback Mountain? Saddleback Mountain? and just laughed and hung up.

    John McCain, who suffered beatings for 5 years, is afraid to debate Obama on Friday night. That just shows you how impenetrable the Kool Aid fog can be. Unbelievable. Then again, who cares. They are beyond rescue–let ’em drown in it.

  58. This is who he is. This is it. Talk and self-promotion. He doesn’t have a vision. He doesn’t want to take a stand on anything…I don’t know if he knows how to. He is most passionate about himself.

    Perfect Sarah. This IS it. He wants to talk, to show off how smart he is. Meanwhile, the country is imploding. But it doesn’t matter, because the media ALWAYS finds a way to spin it in his favor–always. And they will do it again.

  59. Obama is so dull. I just can’t believe anyone likes listening to him.

  60. Oh, my God! His teleprompter just quit for a measurable moment and he just stopped talking until it got going again!

  61. In the Philadelphia lawsuit, Obama and DNC moved to dismiss — rather than produce his alleged Hawaii birth certificate. Amazing! If he really doesn’t have a US birth certificate, this is huge — what a fraud!! I think press won’t publish it because they’re embarrassed they never checked this out in the first place!

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