Over the last days the financial institutions that have been financing sub prime mortgages have been falling like flies. Lehman Brother's went bankrupt, Merril Lynch was sold at a bargain basement price and AIG insurance had to be bailed out with a loan from the US Treasury to the tune of $85 billion. Fannie Mae and Freddie Mac have been the center of this fallout. They have been making bads loans for years now and like Jeremiah Wright the racist anti American preacher of the church Barack Obama attended would say "the chickens have come home to roost"
These two governmental/corporation institutions Fanny Mae and Freddie Mac have been the backbone of the mortgage lending industry for the last few years. They have also been the slush fund for democrat party leadership too. The Chairman of the committee that is supposed to regulate Fannie Mae and Freddie Mac, Christopher Dodd of Connecticut instead has been receiving campaign money contributions and has done nothing to stop the hemorrhaging of losses at the taxpayer backed corporations. The number two and three recipients of campaign money contributions from Freddie Mac and Fannie Mae has been Joe Biden and Barack Obama. Barack Obama has thought so much of this deal with Freddie Mac and Fannie Mae he chose Franklin Raines the CFO of Fannie Mae as his top campaign financial adviser and head of the committee to choose a running mate. Joe Biden was then chosen as Barack Obama's running mate because he too was in the deal. Between Biden and Obama they took about a million and half dollars in campaign contributions.
So now today when I log on to my internet provider I peruse the most recent writings from the Associated Press (the Obama Campaign) I see the story that Joe Biden is now calling for Americans to pay more taxes because it is the patriotic thing to do. Hmmmm, let me get this straight, after years of raiding the taxpayer financed agencies of Fannie Mae and Freddie Mac, vinegar Joe Biden and his cronies Senator's Barack Obama, and Chris Dodd want us the US taxpayer to pay more taxes and call it the patriotic thing to do. How ludicrous is that? The very people that benefited so much from the agencies that have been the center of the financial mess we're currently in, want us now to pay more taxes to bail this slush fund out. This is what is known as "huztbah", which means someone who would kill their parents and plead mercy before the court because they are an orphan. That pretty much sums it up.