The below Jim Cooper ad is a good ad. It is cleaver.
Too bad it is not true. If I did not know the real Jim Cooper, I would be tempted to vote for him.
Here is the Jim Cooper Record:
•BANK BAILOUTS (“TARP”) ($700,000,000,000) (HR1424)
•BAILOUTS OF DELINQUENT HOMEOWNERS (HR1106)
•STIMULUS II (HOUSE VOTE 90) &
•STIMULUS III (HR4849)
•THE EXPANSION OF AMERICORPS, CREATION OF THE EDUCATION CORPS, SOCIAL INNOVATION FUND, YOUTH ENGAGEMENT ZONES & EXPANSION OF NATIONAL CIVILIAN COMMUNITY CORPS (HR 1388)
•HATE CRIMES LEGISLATION (“THOUGHT POLICE”) (HR 1913)
•TAXPAYER FUNDED PARENTAL LEAVE FOR FEDERAL EMPLOYEES (HR626)
•CASH FOR CLUNKERS (HR2751), CASH FOR CAULKERS (HR 5019)
•CAP AND TRADE (“CAP AND TAX”) (COST – UP TO $3000/YR/FAMILY) (HR2454)
•GOVERNMENT TAKEOVER OF STUDENT LOANS (HR3221)
•GOVERNMENT TAKEOVER OF HEALTH CARE (HR3962, HR4872)
•GOVERNMENT TAKEOVER OF FINANCIAL INDUSTRY (GIVES FEDS ABILITY TO MONITOR YOUR PRIVATE FINANCIAL TRANSACTIONS, ABILITY TO SEIZE PRIVATE COMPANIES AND EXEMPTS SEC FROM COMPLYING WITH FREEDOM OF INFORMATION ACT. However, bill does NOT address real cause of financial meltdown – Freddie Mac and Fannie Mae (HR4173)
•INCREASE OF THE DEBT CEILING TO $14,300,000,000,000 (TRILLION) (RES 1065)
•FOR REPEAL OF “DON’T ASK/DON’T TELL” (HOUSE VOTE 317)
•REQUIRES BUSINESSES TO COMPLETE MILLIONS OF 1099 TAX FORMS FOR EVERY VENDOR THAT SELLS THEM MORE THAN $600 IN GOODS (HR3962, HR4872)
•DISCLOSE ACT (EFFORTS TO SILENCE CONSERVATIVE SPEECH DURING 2010 ELECTION – EXEMPTION TO UNIONS & NRA) (HR5175)
•VOTED AGAINST LEGISLATION WHICH WOULD HAVE REPEALED MANDATE REQUIRING CITZENS TO PURCHASE OBAMACARE HEALTH INSURANCE (HR5486)
Don't be Fooled! Jim Cooper is no conservative.
Jim Cooper is a Nancy Pelosi lap dog.
vote for a real conservative
Vote David Hall
Stop the Spending!
Stop the Spending!
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I am not going to find time to go through all the commentary about the bills passed here, but I will ask about one that is really becoming a pet peeve of mine: blaming Freddie and Fannie for the current financial meltdown.
ReplyDeletePlease back that assertion up somehow...I would love to see some citations to substantiate that claim. My research shows that you cannot blame Fannie and Freddie as the 'real cause of financial meltdown"...
And just to make sure I understand: you don't support the repeal of "Don't Ask, Don't Tell"?
ReplyDeleteRobert, A lot of parties were guilty of action that led to the mortgage meltdown including greedy lenders and greedy borrowers. In my view government gets the most blame. Fannie and Freddie’s culpability in the mortgage mess seems indisputable. Here is what Bloomberg (http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aSKSoiNbnQY0) says:
ReplyDelete"The economic history books will describe this episode in simple and understandable terms: Fannie Mae and Freddie Mac exploded, and many bystanders were injured in the blast, some fatally.
Fannie and Freddie did this by becoming a key enabler of the mortgage crisis. They fueled Wall Street's efforts to securitize subprime loans by becoming the primary customer of all AAA-rated subprime-mortgage pools. In addition, they held an enormous portfolio of mortgages themselves.
In the times that Fannie and Freddie couldn't make the market, they became the market. Over the years, it added up to an enormous obligation. As of last June, Fannie alone owned or guaranteed more than $388 billion in high-risk mortgage investments. Their large presence created an environment within which even mortgage-backed securities assembled by others could find a ready home."
Barney Frank, fearing for his political future, has just recently issued a mea culpa for his refusing to listen to the federal regulators who came to the House Banking Committee on numerous occasions warning the Congress about the instability of Fannie and Freddie, saying that he believed his partisan attitudes toward the Bush administration caused him to refuse to see the danger. The Democrats on the committee actually blamed the regulator for causing panic by making his evaluation. He and Chris Dodd deserve the blame for refusing to move on proposed legislation by President Bush to stop the foolishness going on in the housing market when he knew the taxpayers would be getting stuck with the tab when the loans could not be paid back. Frank and Dodd should be kicked out of the Congress for failure to exercise their fiduciary trust. Look it up.
ReplyDelete