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unixronin: Galen the technomage, from Babylon 5: Crusade (Default)
Unixronin

December 2012

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September 23rd, 2008

unixronin: Animation:  "One man.  One vote.  HIS vote.  Vetinari '08" (Vetinari)
Tuesday, September 23rd, 2008 08:38 pm

I keep hearing people trumpet reasons not to vote for McCain, with the unspoken implication that these constitute reasons to vote for Obama.

Well, OK.  Here's a pretty damned good reason not to vote for Obama.  You know this economic trainwreck that's currently happening right in front of us because Congress passed laws to allow (and even encourage) stupidly risky practices in home mortgage lending?

When the Bush administration tried to rein in Freddie and Fannie from continuing to engage in risky practices, guess who stepped in to block their efforts?  Democratic senators Chris Dodd, John Kerry, Hillary Clinton, and -- are you ready? -- Barack Obama.

Meanwhile, guess who were the top four recipients of campaign contributions from Fannie and Freddie between 1988 and 2008?

Senators Chris Dodd, John Kerry, Hillary Clinton, and -- still ready? -- Barack Obama.

A coincidence, I tell you -- just a coincidence.

Further down in the same article,

While Barack Obama was getting campaign contributions from Fannie Mae's Franklin Raines, John McCain was sounding the alarm about the crisis to come and trying to do something about it.  On May 25, 2006, McCain spoke on the floor of the Senate on behalf of his proposed Federal Housing Enterprise Regulatory Reform Act of 2005:

[subquote elided]

However, McCain's bill was killed in the Senate when Democrats threatened a filibuster.

Yeah.  Now tell me with a straight face that I should vote for Obama and the Democratic Party because they're gonna make it all better.

The simple fact is, both parties have become part of the problem.

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