Friday, October 3, 2008

Video Lays Out Cause of Economic Crisis

I don't have much to say except that the thoroughness of the research is pretty good at tracing the mortgage crisis back to its origins. Please view this video and see if you still want Obama change or NObama in 08.

3 comments:

Kansas Bob said...

There may be a bit of McCain bias in the video Scott. The New York Times looked at contributions from Fannie and Freddie's boards of directors and lobbyists, who are technically not employees. That analysis found Fannie and Freddie-related contributors gave $169,000 to John McCain and his related committees, compared with $16,000 to Obama and his related committees. So their "employees" may have given more to Obama but their leaders gave more to McCain.

These are the types of "facts" that just drive me crazy because they are incomplete and IMO untrustable.

jrchaard said...

I see the bias too. The causes and timing and effects are the most interesting from the video. They agree with other things I have read and seen

thejotus said...

Might want to check your facts...

Since 1989, remarkably, after only serving less than four of those 20 years, Barack Obama has vaulted to the #2 position on Capitol Hill. Only Dodd outstripped him. He took more than six times the amount that McCain received in a 20-year period.

These are based on contributions to lawmakers' leadership PACs and candidate committees from the floundering companies' PACs and employees.

The record shows that McCain saw the problem coming and tried to get Congress to act. In 2005, both McCain and Obama served together in the Senate. Did Obama attempt to pass this reform, sign on as a co-sponsor, or even speak out in its favor? The record is tellingly blank.

These are the type of "facts" that expose Obama for who he is.