Tuesday, September 09, 2008

Look at Fannie and Freddie's Pet Lawmakers

Take a look at the top recipients of donations from Fannie Mae and Freddie Mac, the failing institutions taxpayers just purchased. Out of the top 25 politicos on the list, 16 are Democrats... and the top four are (in order) (a) Chris Dood, (b) John Kerry, (c) Barack Obama and (d) Hillary Clinton. (hat tip: Jonah Goldberg at The Corner)

That would be the (a) Chairman of the Senate Banking Committee and formerly a candidate for the 2008 Democratic Presidential nomination, (b) the 2004 Democratic nominee for President, (c) the 2008 Democratic nominee for President and (d) the former First Lady, current U.S. Senator from New York and the runner-up for the 2008 Democratic Presidential nomination.

Meanwhile, John McCain and Sarah Palin have an op-ed in the Wall Street Journal discussing the bailout...
Fixing Fannie and Freddie, and reforming our mortgage and financial markets, is critical to getting the housing market and the entire economy moving again. A great deal of the savings and wealth of American families is wrapped up in the value of their homes. A house has traditionally been the wealth-building course to retirement. The housing industry employs millions of Americans. One of us, John McCain, said over two years ago, "If Congress does not act, American taxpayers will continue to be exposed to the enormous risk that Fannie Mae and Freddie Mac pose."

Fannie and Freddie's lobbyists succeeded and Congress failed. Under our administration this will not happen again.
I'm starting to think a McCain Administration is actually possible.

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