Eight Billion More Reasons to Throw Out the Beltway Blowhards



This blowhard is doing us all a favor and "retiring". Let's retire the other 534 in November.

Freddie Mac had an $8 billion loss in the first quarter. It has now lost over $82 billion over the last three years. The $82 billion in losses is almost TWICE the amount of money this illustrious government-backed entity earned over the last 30 years. Thank you, all you CRA (Community Reinvestment Act) lovers out there. Of course, Freddie is looking for more bailout money from the taxpayers. I am sure they will get it.

Instead of castigating Lloyd Blankstare from Goldfinger Sucks, perhaps the beltway blowhards should grill all the liberals who thought laws like the CRA were such great ideas. Congratulations Barney Frank, Christoper Dudley DoWrong Dodd, and all you other libs out there for doing more damage than Goldman Sachs could ever do.

I'm sure the 2,000 page financial reform legislative package will cure all the financial ills. I watched the stock market on CNBC today almost collapse in a matter of minutes. I watched in fascination as the DOW went from being down 300+ points to almost 995 in about 20 minutes. I'm sure Barney and Chris will put together some more legislation to protect us from future losses.

Will the Dumbocrats keep touting the stock market as proof that Obama's Robin Hood Economic policy is working? When the market was going up the past few weeks, Dumbocrats like Carol Maloney would point to the rising market as "proof" that their liberal economic policy works. Obamanomics does not work. There are $8 billion more reasons to vote them ALL out of office. Enough already.

What the blowhards should be doing is watching the riots in Greece...all those poor government workers rioting (instead of working) because their pensions will be "capped" at 100% of their last year earnings. An oh, a VAT tax of 25% - nice.

I've seen the future in the U.S. and it is now on Grecian TV. The reruns will be see in America in a few years and they will be in English.


 

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