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Originally posted by MetatronCubensis
The guy barely showed up to the Senate to vote and now he's being called 'President of the World, The Messiah, and even the Prophet Moses'.
Very scary indeed.
Originally posted by GamerGal
And about 56million are calling Obama the N word. Fortunately the rest of the world don't think like the GOP. Not even McCain was able to get these people to stop being racists.
Originally posted by Buck Division
The only people saying this about Obama, which I personally hear from, are those who use this as a reason to HATE Obama.
Speaking at a joint news conference with Russian President Dmitry Medvedev in Moscow, the 72-year-old media tycoon also said Obama's election to the White House had been "hailed by world public opinion as the arrival of a messiah."
Originally posted by GamerGal
reply to post by centurion1211
So what did the Dems pass that caused this economy mess?
In 2005, Congress rejected a Republican-sponsored bill aimed at curbing risky investments by mortgage giants Fannie Mae and Freddie Mac, thanks to resistance from mostly Democrats. It was the latest in a string of unsuccessful attempts to rein in the two agencies. In this case, Congress ignored Greenspan's warning about the financial risks Fannie and Freddie were taking on.
The agencies were designed to expand homeownership by injecting money into the home mortgage market and encouraging banks to lend more. They buy loans from banks and guarantee them, holding some in their portfolios and selling others as mortgage-backed securities.
With implicit government backing, Fannie and Freddie have been able to borrow money at below-market rates. In recent years, the companies borrowed to buy billions' worth of complex mortgage-backed securities. The investments earned big returns. Fannie and Freddie's stock soared. Their executives were paid tens of millions of dollars.
Republicans sought to reduce the size of the companies' portfolios, arguing they were too risky.
Then the housing bubble burst. Fannie and Freddie didn't cause the financial meltdown, but they fueled it by becoming one of the biggest purchasers of toxic mortgage products, says Harvard economist Kenneth Rogoff.
"There was tremendous coddling of Fannie and Freddie in the face of a lot of evidence that they really weren't helping homeowners all that much," Rogoff says. "I think it was very, very clear what was coming, and that they were a huge, huge risk to the American financial system. … It really was criminal neglect."
Fannie and Freddie spent $175 million on lobbying in the last decade, according to the Center for Responsive Politics. The companies' employees and PACs gave nearly $5 million in contributions since 1989, by the center's count.
Until they were taken over, Fannie had 13 lobbying firms on its payroll this year; Freddie had 33. Both packed their boards with politically connected people such as Democrat Rahm Emanuel, a former Clinton aide who joined Freddie's board in 2000 before he became a congressman.
The claim made by every Republican is people only voted for Obama because he's black. That means the only reason people voted for McCain is because he's not black. And when you say this the GOP freak out claiming that's not true, but its still true that people only voted for Obama because he's black. Also, the only people to call him Messiah are Republicans when trying to smear him.