September 20, 2008

MCCAIN IS WRONG ON FANNIE PAY

On the campaign trail in Minnesota today, McCain incorrectly suggested that the executive pay that former Fannie Mae CEOs Frank Raines and Jim Johnson earned came from taxpayers.Why do neither McCain not Palin know that Fannie Mae and Freddie Mac were public companies with shareholders - before the government just socialized them with a bailout? How can those two help pull our economy out of China's banks (with interest), when they don't even know the structure of ownership of the biggest mortgage lenders in the U.S.? After all the trash-talking from ditto-heads calling Obama, of all things, a "socialist" - y'all eat those words, now! I have never seen such government takeover - socialism - of such loser loans from every loser in financial services until now. We keep hearing we can't "socialize" health care, yet you want to privatize medical care to corporate bottom-line bureaucrats, privatize even K-12 education and preschool, make state universities dependent on corporate grants, privatize retirement, and "socialize" friggin' debt - bad debt! No wonder so many fiscal conservative socially moderate Republicans are voting for Obama, and welcome to Sanity and Pragmatism - finally! Obama is a quick-study, he respects free markets and sensible regulation, and he'll make it a priority to keep people in their homes so the country doesn't tumble into Squatters Wars and Tent Cities in abandoned developments.No more oil men or oil women in the White House. Out with lobbyists and PACs, let the true experts and successful business people in again! Let us work on the cutting edge of science, technology and industry again and damn the speculation bubbles. We want to export quality solutions and products for the 21st century. We need Real Change.

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