Huckabee Disgusted with Republicans over Bail-out

On Monday Gov. Mike Huckabee expressed his disgust with Republicans over the Wall Street bail out...

"It’s especially disconcerting to see the very people who pilloried me during the Presidential campaign for being a “populist” and not “understanding Wall Street” to now line up like thirsty dogs at the Washington, D. C. water dish, otherwise known as Congress, and plead for help." - Gov. Mike Huckabee 9/22/08

What I can't figure out is why only a few people are discussing the origin of these problems. The FHA, Fannie Mae, and other housing federal programs/agencies were started as a part of the New Deal. Combined with elimination of the gold standard, the New Deal is a Raw Deal. The Federal Government has no business underwritting housing purchases.



Think about the process of buying a house. When people sign all those papers on a new home, do they really know what they are doing? Do the mounds of regulation and paperwork actually protect the buyer, or do they make it easier for crooks to get away with their robberies?




McCain/Palin, Obama/Biden and others are complaining about Wall Street. I think they're pointing at the wrong institution. The real problem is the over-bearing complexity of government regulations and their false promise to protect the people.



Wall Street has its problems, but the size of the Federal City is a bigger problem. If McCain and Palin are truly reformers, why are they going after Wall Street instead of Washington? What are your thoughts?

God Save the U.S.A.


U.S. Captiol Detail - Photo by jcolman (flickr)

An Ugly Child of the New Deal

Fannie Mae is her name. FDR is her daddy and compassionate corruption is her mother. While we can certainly point to Republican beds of corruption, this is the Dems' week and they have their schemes of lies and deception as well.

This week, during their national convention, the DNC tells us about all of the housing woes of the our nation, how these problems are all Bush's fault, and how Senator Obama is the only one that can fix them. We the people will do well to remember that the most ominous threat to our economy was birthed of the same type of political philosophy. A philosophy that says, "big brother is here to save the average worker", has created one of the most corrupt schemes of obscene profit that pours our money into the hands of a few and hi-jacks our housing market and economy, all in the name of compassionate corruption.

Fannie Mae was birthed out of FDR's New Deal during the depression. Originally a part of the federal budget and a federal agency, Fannie Mae became partly private in 1968. While she was originally federally operated, funded, and backed, she now is run as a public-private corporation without the regulatory scrutiny of the SEC. She is still backed by the feds, but is not part of the federal budget. Her weight of debt is obscene. As of 2007, Fannie Mae and her little brother Freddie Mac own about $6 Trillion in mortgage debt. No wonder the feds wanted her off the books in 1968.

On December 6, 2006 federal regulators filed 101 civil charges against CEO Franklin Raines, CFO, J. Timothy Howard; and the former controller Leanne G. Spencer. The three were accused of manipulating Fannie Mae earnings to maximize their bonuses. On December 21, 2006 Frank Raines resigned. In the mean time over $50 million per year was given away to the charities of involved DNC/liberal politicians. Read Dick Morris' book Outrage for more details.

The DNC has painted the RNC as the bad guys all week long. The reality is that we all have our failings. Where is honesty and integrity in the convention speeches? Few people believe what comes from the mouths of politicians. The rhetoric that blames the other party over and over is getting really old. This sound byte non-sense drives people away from politics and civil involvement.

It is time for real reform at the federal level. We need to clean up our federal government folks. I propose that we begin gathering all of the organizations and PACs that support federal reform and develop a non-partisan agenda. Anybody in? We must get this kind of garbage under control!