Should Some in Congress Be "Perp-Walked"?
The sad reality of the day is that the media simply does not care about the truth of what’s caused our current mortgage market meltdown and the resulting Bailout fiasco.
There has now come to light overwhelming, damning evidence that Fannie Mae and Freddie Mac are together the primary cause of the current mortgage crisis.
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Mortgage Crisis: All Roads Lead to Fannie and Freddie, and Congress
With the talk of Washington and much of the Nation currently surrounding the looming financial crisis and the “bailout” package proposed by the Treasury Secretary Paulson, many Americans are rightly asking how we got in to this mess. While it is imperative that Congress take action to alleviate further problems in our economy, answering the “how we got here” question is essential because it will provide the necessary insight to know the right and wrong steps to take to remedy this crisis and avoid another one in the future.
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Here is What Change in 2007 Brought
Big changes came to Washington in early 2007. A new Democrat Majority was elected to both the U.S. House and U.S. Senate. Since January 5, 2007, Congress has been under the leadership of Speaker Nancy Pelosi and Senate Majority Leader Harry Reid. Let’s take a look at some major economic indicators and compare Republican stewardship of the economy and the current Democrat leadership of the economy.
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Democrats Have Two Decade History Blocking American Oil
Tragically, America sends over $700 billion every year to foreign countries – mostly in the Middle East – for our oil needs. Few people realize that just over 20 years ago, in 1985, 75 percent of the crude oil used in the United States refineries came from American oil fields – and only 25 percent came from abroad. Today, 70 percent comes from foreign sources, and only 30 percent is from domestic sources.
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Energy: What Congress Should be Doing
When I was first elected 14 years ago one of the many issues I began to work on was the critical issue of energy supply. America’s economy was growing and with it was the demand for fuel. Also nations like China and India were throwing off the shackles of Socialism. As they prospered global demand for fuel rose even more. Today, with $4 a gallon gas American families and businesses are suffering while Middle Eastern dictators get richer...
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AP: Budget Deficit Twice as Big as Last Year's
"The AP reports that the budget deficit is about to double while under the new Democrat control. It’s no surprise. The spending is at a break-neck speed, the Democrats have violated their own pay-go rules repeatedly, and the economy slumps because Democrats refuse to allow new energy exploration offshore"...
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