Arguably, this economic crisis began with the collapse of Fannie Mae and Freddie Mac. In 2003-04, the Republicans and the White House tried to warn Congress as to the seriousness of financial mismanagement occurring within these two “Government Sponsored Entities”, however, the Democrats (Namely Barney Frank, Maxine Waters, Gregory Meeks, Chris Dodd and Chuck Schumer), defended their lending practices. ( Watch the following video for a taste of their arrogant neglect. The music is a bit much, but the point is made.)
A skeptic could conclude that this was an orchestrated attempt by powerful Democrats to, down the road, allow both institutions to fail, having them ultimately become the catalyst for our current economic mess, thus ushering in a Democratic majority and paving the way for a timely Democratic presidential win.
Fast forward to the stimulus package. Is all the pork that Chuck Schumer pooh-poohed away just a diversion to keep our focus off of the more important, dangerous socialist aspects contained within the bill? Or is all of this fortuitous timing just a coincidence?
And is the fact that the Democratic leadership is trying (successfully) to rush the largest, most expensive bill in our country’s history through Congress (No one has the time or ability to read ALL 1000+ pages in TWO days) another tactic to hide the true intentions of the bill and its proponents?
Are they that smart?
Are we that dumb?