The Obama Gaffe: For $85 Billion, Should We Not At Least Know Their Name?

strtrcr50 · Sep 18, 2008

I wanted to try a Wart style post.. This really demonstrates that Obama has his thumb on the whole situation. Might want to get the names right.

With some of America’s largest and most prestigious financial institutions undergoing a threatening liquidity meltdown, Democratic presidential nominee Barack Obama has not hesitated to seize the opportunity to exploit the situation for political gain. Despite being the second largest recipient of Fannie Mae and Freddie Mac political donations in the entire United States Congress, he is brazenly and hypocritically railing against the very Washington lobbyists who have poured money into his campaign in an effort to buy his influence. This despite the fact that, just a year ago, Obama pledged that he would take no private funding for this election, a promise the major media have never felt too obligated to hold him to.

Obama’s political demagoguery and contradictions come at a critical moment. Yesterday, in the largest governmental bailout in American corporate history, the Federal Reserve Board announced that it would lend American International Group, the 18th largest corporation in the world, $85 billion in exchange for a 79.9 percent equity stake in the company. In all probability, this massive infusion of federal funds is just a stop gap measure as the company likely now seeks to liquidate itself in an effort to fend off bankruptcy.

For Obama, the whole mess is not a time for national unity; it is, rather, great political fodder. This morning, in an effort to extract political gain from the situation, he issued a statement, which said in part:

“The fact that we have reached a point where the Federal Reserve felt it had to take this unprecedented step with the American Insurance Group is the final verdict on the failed economic philosophy of the last eight years.”

American Insurance Group? For $85 billion, Obama and his big government, tax and spend economic advisers apparently don’t fret too much over the details in an effort to make their partisan jabs. One wonders if that $85 billion United States Treasury check would even cash had Obama’s Treasury Secretary made it out incorrectly to one “American Insurance Group.”

After the glaring error was pointed out, the Obama campaign quietly issued a corrected statement. And to be fair, in the frantic nature of a presidential campaign, one should be forgiving to the inevitable misstatements that will occur when some of the world’s most aggressive journalists are following one’s every move through a taxing schedule that often includes up to half a dozen campaign appearances in multiple states in one day.

But what is troubling about the Obama misstatement is that, despite his rhetoric of bringing a new bipartisanship to Washington, he has been as quick as any political candidate in recent memory to exploit and distort any and all statements made by his Republican rival and his surrogates. When former U.S. Senator Phil Gramm, the Texas Republican, told The Washington Times this past July 9 that “We have become a nation of whiners. You just hear this constant whining, complaining about a loss of American competitiveness, America is in decline,” the Obama camp did not cease exploiting the statement until Gramm, one the brighter economic minds of our nation, was ultimately forced to reliquish his role as an advisor to Republican presidential nominee John McCain.

As recently as yesterday in Colorado, Obama was still quoting Gramm in a twisted effort to suggest that the McCain campaign is somehow out of touch with the economic challenges of ordinary Americans.

Then, this past Monday, amidst AIG and Lehman Brothers’ liquidity meltdown, McCain quite properly and understandably sought to reassure Americans, stating accurately that the “fundamentals of our economy are strong.” But within hours, Obama was distorting this statement too, suggesting that it somehow implied that McCain did not grasp the magnitude of two major American financial institutions confronting bankruptcy, or that he somehow felt that there did not exist major challenges in the current American economy.

Such is the hypocrisy that has guided the Obama campaign from the beginning. Promise to run a campaign with no private financing in an effort to present a candidacy of independence from the Washington establishment, and then quietly reject that promise and actively seek mammoth corporate, political action committee, 527 group, and other private donations. Rail against unnamed Washington lobbyists for corrupting the American financial system with sub-prime mortgage loans, while simultaneously championing a regulatory mandate that American financial institutions be required to make these loans. Demand an expeditious removal of American troops from Iraq, and then privately instruct Iraqi leaders–in probable violation of the Logan Act–to cease negotiating such withdraws with the Bush administration and to wait for the next administration. Run on a campaign of “change” and then anoint one of Washington’s most entrenched liberal partisans as a running mate.

In citing an $85 billion federal loan to the “American Insurance Group,” Obama should be reminded that his promises of bipartisanship should be matched with some basic political civility and respect. McCain properly rejects Obama’s big government redistribution schemes as the solution to our economic woes. Nothing in that rejection suggests, as Obama has been inclined to say, that “John McCain just doesn’t get it.” And Obama opponents should operate similarly on an assumption that an error on a campaign statement, even one as glaring as Obama’s was this morning, is not enough to suggest that the Obama camp does not have a grasp of the complexities of the current crisis. We need look no further than his policy proposals to know that.

If pigs with lipstick could fly

Wart · Sep 19, 2008

Suffering Obama Derangement Syndrome?

Take two aspirins, get some sleep.

Reimann · Sep 19, 2008

strtrcr50 said: ↑

I wanted to try a Wart style post.. This really demonstrates that Obama has his thumb on the whole situation. Might want to get the names right.

If pigs with lipstick could fly

That's not Wart style! You actually posted facts. Wart style is attacks, insults, conspiracy theories, and smilies.

Wart said: ↑

Suffering Obama Derangement Syndrome?

Take two aspirins, get some sleep.

I wouldn't take his advice on how to treat any Derangement Syndromes. Since he is always displaying his Bush Derangement Syndrome, Palin Derangement Syndrome, and Rightie Derangement Syndrome I'd say the treatments he is using aren't working.

GT40XStang9 · Sep 19, 2008

Reimann said: ↑

strtrcr50 said:

I wanted to try a Wart style post.. This really demonstrates that Obama has his thumb on the whole situation. Might want to get the names right.

If pigs with lipstick could fly

That's not Wart style! You actually posted facts. Wart style is attacks, insults, conspiracy theories, and smilies.

Wart said:

Suffering Obama Derangement Syndrome?

Take two aspirins, get some sleep.

I wouldn't take his advice on how to treat any Derangement Syndromes. Since he is always displaying his Bush Derangement Syndrome, Palin Derangement Syndrome, and Rightie Derangement Syndrome I'd say the treatments he is using aren't working.

QFW

Venom351R · Sep 19, 2008

I find it funny as someone who claims to be "impartial" could not be more biased Bash Bush Bash the right Bash McCain Bash Palin...but Is natural

Ike83 · Sep 19, 2008

You mean Wart actually CLAIMED to be un-biased?

When?

Venom351R · Sep 19, 2008

Ike83 said: ↑

You mean Wart actually CLAIMED to be un-biased?

When?

There was a post w/ someone saying...so why dont you tell me how I should vote then? And his response was I cant do that b/c then I would give up my neutral/unbiased status. Dont quote me on the actual text but thats what it boiled down to.

Reimann · Sep 19, 2008

Obama has said he would hold off from presenting his own economic recovery plan. Thank God for that! If he can't even get the names right who knows what else he'd **** up!

Venom351R · Sep 19, 2008

Reimann said: ↑

Obama has said he would hold off from presenting his own economic recovery plan. Thank God for that! If he can't even get the names right who knows what else he'd **** up!

Is he going to hold off and tell us after he is elected president just like kerry was going to about his plans for Iraq???

Got to love the left, bumbling idiots

The guy is wanting the most prestigious position in the Nation and he keeps side stepping questions and saying he will give answers later on. Hell we are down to 54 days when are the answers going to start to come? Let me guess, late enough so that it all sounds like a great plan w/ no time for a rebuttal against it.

"The events of the last few days have made it clear that we must take further bold and decisive action to shore up confidence in our financial markets and avoid a deepening economic crisis that could jeopardize the life savings and well-being of millions of Americans," Obama said in a statement.

wow talk about a cookie cutter statement. Oh please tell us something we dont know oh great messiah

poboys 94 · Sep 20, 2008

strtrcr50 said: ↑

....But what is troubling about the Obama misstatement is that, despite his rhetoric of bringing a new bipartisanship to Washington, he has been as quick as any political candidate in recent memory to exploit and distort any and all statements made by his Republican rival and his surrogates. When former U.S. Senator Phil Gramm, the Texas Republican, told The Washington Times this past July 9 that “We have become a nation of whiners. You just hear this constant whining, complaining about a loss of American competitiveness, America is in decline,” the Obama camp did not cease exploiting the statement until Gramm, one the brighter economic minds of our nation, was ultimately forced to reliquish his role as an advisor to Republican presidential nominee John McCain.

Speaking of Phill Gramm...On the Contrary: 'Whiners?' Phil Gramm is a pimp for corporate criminals
Folks shouldn't forget what this man says, or did.

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The Obama Gaffe: For $85 Billion, Should We Not At Least Know Their Name?

strtrcr50 New Member

Wart I'm Mad as HELL and I'M not Gonna Take it ANYMORE!

Reimann Puss > me

GT40XStang9 Thanks to Tim, I get off pretty easy.

Venom351R Founding Member

Ike83 New Member

Venom351R Founding Member

Reimann Puss > me

Venom351R Founding Member

poboys 94 New Member

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