Monday, September 29, 2008

More on the Democrats Lie about the Fannie Mae & Freddie Mac Bailout

Over the past week Speaker of the House Nancy Pelosi sought to make sure that the Democrats had political cover for the bailout by making sure the Republicans were on board for any bailout plan. It seemed to me if the Democrats really wanted to pass this legislation, they had enough votes on both sides of the house.

If you listen to every press briefing, Pelosi laid the blame for the failures of the Fannie and Freddie at the feet of the Bush administration as well as the Republicans in Congress and wanted them to be held accountable and accept the blame for this mess, but, Speaker Pelosi is loathed to accept any blame on behalf of the Democrats on this issue.

This mess is an Equal Opportunity Financial mess, there are no unclean hands!

Its interesting that some of the very same people over the past week are blaming the GOP, yet here they are in 2005 saying there is not a shred of evidence that there is a problems with Freddie and Fannie.

Bailout goes down to defeat in the House 228 - 205
95 Democrats
133 Republicans
140 Democrats
65 Republicans

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