Friday, October 3, 2008

Let the Blame Game Begin

Nothing bothers me more about Washington politics than the atmosphere that nobody is ever responsible. 

I am continually amazed how Congress has a 9% approval rating and has a 98% reelection rate. It is because nobody is able to hold people accountable for their actions. We need to begin a new dialogue. Not only should we hold elected officials accountable, but we should hold our elected officials accountable if they don't go after the politicians that are part of the problem.

Here is a case in point. Stephanie Herseth had nothing to do with the current financial crisis. She has only been in Washington for 2 years. But she should be held responsible if she doesn't hold Barney Frank, (D, MA) accountable.

Barney Frank, more than any other elected official in the US House, is to blame for the current financial crisis. If you think I am being partisan, read this article by Jeff Jacoby, a Boston Globe journalist from Frank's home state of Massachusetts. Jacoby outlines Frank's pushing of lowered credit standards for Fannie Mae and Freddie Mac. In 1995, Jacoby predicts two things. First, this was going to end up in a systemic crisis. Second, he predicts that Congressman Frank would never take the blame for the problem. He was right.

This is Barney Frank's assessment of the financial problem this month, "the private sector got us into this mess, the government has to get us out of it."

The reason Congress has a low approval rating is that it is difficult to pin the blame on anyone. Look at this article by a journalist who called out Frank. Now look at Frank's rebuttal here. Frank makes it look like he was the one that wanted reform! How preposterous.

Everyone knows Fannie Mae and Freddie Mac were Democrat Corporations as is witnessed by who worked for the organization, who they gave political contributions, and how they funded political activities of the Democrat party to the tune of billions of dollars. You can read more of this corruption in my previous post here. Here is the actual story of corruption.

Make no mistake, Barney Frank is inextricably tied to Fannie, (pun intended) as you will see in this article.

If ever you should be outraged, this is the time. Barney Frank has to go. Stephanie Herseth better speak up against this buffoon or she needs to go too.

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