Showing posts with label Reform. Show all posts
Showing posts with label Reform. Show all posts

Saturday, October 11, 2008

Team Sarah Video attacks Obama funding by Freddie Mac and Fannie Mae


This video comes from Team Sarah . Team Sarah is a coalition of diverse women dedicated to advancing and defending Sarah Palin's Vice Presidential candidacy.

The top three recipients of campaign contributions from Fannie Mae and Freddie Mac are all Democrats :
  1. Dodd, Christopher J (D)-$165,400

  2. Obama, Barack (D)-$126,349

  3. Kerry, John (D)-$111,000

  4. ................................


  1. John McCain (R)-$21550
According to the Washington Post 9/19/08 John McCain pushed for stronger regulation on Freddie Mac and Fannie Mae whilst Mr Obama was NOTABLY SILENT. Democrats blocked the reform. Bill Clinton said that Democrats resisted any efforts by Republicans in the Congress and by himself as President to put in place some standards and tighten up on Fannie Mae and Freddie Mac.

Thursday, September 18, 2008

John McCain the man with the track record plans to reform Wall Street-New TV ad


On May 25, 2006, McCain spoke on behalf of the Federal Housing Enterprise Regulatory Reform Act of 2005, and warned against the debacle we are now facing if it failed to pass........."


.."McCain warned, “If Congress does not act, American taxpayers will continue to be exposed to the enormous risk that Fannie Mae and Freddie Mac pose to the housing market, the overall financial system, and the economy as a whole.”
McCain predicted the entire collapse we now are suffering through. He stressed the falsification of financial records to benefit executives, including Obama advisers Franklin Raines and Jim Johnson" ..... Source: Michael Reagan

Friday, October 19, 2007

Bush Imposes New Sanctions on Burma

According to VOA President Bush is imposing additional sanctions against Burma's government and wants China and India must do more to pressure Burma's military rulers......................
Mr. Bush sanctioned most of the top military commanders in Burma last month after at least ten people were killed when security forces opened fire on the largest demonstrations in decades.
The new measures freeze U.S. assets of another eleven members of the military government, tighten export controls to Burma, and allow the U.S. Treasury Department greater authority to sanction those responsible for human rights abuses and public corruption.
"Business as usual is unacceptable," said President Bush. "So I applaud the efforts of the European Union and nations like Australia that have announced targeted sanctions on the Burmese regime."
"I commend nations such as Japan that have curtailed their assistance in response to the atrocities. I appreciate nations such as Singapore, and the Philippines, and Indonesia who have spoken out against the atrocities," he added.
The European Union this week decided to impose an import embargo on timber, gems and precious metals from Burma..............................
Comment: President Bush who has shipped heavy criticism on the Iraq issue has certainly laid down a marker on Burma. For this he deserves much credit. Similarly pressure from the EU Japan and Australia is most welcome.

Unfortunately the irresponsible attitude of China, India and Russia undermines efforts to remove the junta. China has neutered the UN Security Council on this issue through a cynical use of the veto. It is time to reform the Security Council and remove China from permanent membership. After all he who pays the piper calls the tune. The largest contributors to the UN are the US, Japan, Germany, UK, France, Italy in that order. The US contributes $423 million, Japan contributes $332 million but China only contributes $35 million. This miserable $35 million contribution is sufficient to render The UN powerless on Burma. No wonder the junta leaders are impervious to realism. Japan should replace China on the Security Council. It is time for the UN to ignore China.

Strangely there is a reluctance to threaten a boycott of the Beijing Olympics in 2008. It is now or never.