Wednesday, October 08, 2008

The Argument Against Idiots: Financial Crisis - Part 2

How to win the argument de jour with logic and facts

The issue: 'Financial Crisis - Part 2'

What the liberal whiners say:

'Well, are you happy now? George W Bush and his corrupt cronies have finally done it! With this Fannie Mae thing, it looks like they may have created the biggest financial catastrophe in U.S. history.

'You know that all those companies spread their money around to EVERYBODY. That doesn't mean anything.'

'So you can actually sort of tie ONE former Fannie Mae executive from a LONG time ago, in your evil little effort to SMEAR Barack Obama?'

'You've stooped to new lows here, trying to find ANY remote, Democratic connections to the Fannie Mae scandal, you're despicable!'

Your winning, logical, reasoned arguments

1. OK, the President can't be blamed for this collapse. The way he DEALS with it might be another story, we'll see. But the biggest recipients of Fannie Mae cash are DEMOCRATS...Chris Dodd tops the list, BARACK OBAMA is second, and John Kerry third.

2. Well then, how about Jim Johnson? He's a former Vice-Chairman at Fannie Mae, AND Former managing director of Lehman Bros. It seems BOTH those companies have come into question recently. Barack Obama appointed him to his 3 member Vice Presidential search committee. Unfortunately, Jim had to leave abruptly when it was reported that he had receive sweetheart loans directly from Angelo Mozilo, the CEO of Countrywide...ANOTHER failed mortgage giant, implicated in the subprime mortgage crisis.

3. No, if you want more, there's also Franklin Raines of course. Much more recent CEO at Fannie Mae, who left the company $90 million richer. According to the Washington Post in April, he was an ECONOMIC advisor to...Barack Obama.

4. Is "family" remote? Because that's what Fannie Mae interim CEO, Daniel Mudd called the Democratic Black Caucus when he addressed them in 2005. He said they were "friends" and "family".

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