Who is the real Barack Obama?
But, my friends, you ask such questions and all you get in response is another angry barrage of insults.
Our current economic crisis is a good case in point.
What was his actual record in the years before the great economic crisis of our lifetimes?
This crisis started in our housing market in the form of subprime loans that were pushed on people who couldn't afford them.
Bad mortgages were being backed by Fannie Mae and Freddie Mac; and it was only a matter of time before a contagion of unsustainable debt began to spread.
This corruption was encouraged by Democrats in Congress and abetted by Senator Obama.
Interestingly, Senator Obama has accused me of opposing regulation to avert this crisis.
I guess he believes that if a lie is big enough and repeated often enough, it will be believed.
But the truth is I was the one who called at the time for tighter restrictions on Fannie Mae and Freddie Mac; and it could have helped prevent this crisis from happening in the first place.
Senator Obama was silent on the regulation of Fannie Mae and Freddie Mac; and his Democratic allies in Congress opposed every effort to reign them in — every single one.
That's a matter of record.
As recently as September of last year, he said that subprime loans had been — quote — a good idea.
Well, Senator Obama, that "good idea" has now plunged this country into the worst financial crisis since the Great Depression.
You know, to hear him talk now, you'd think he'd always opposed the dangerous practices at these institutions.
But there is absolutely nothing in his record to suggest he did.
Nothing. Zero. Zippo. Nada.
But I want to tell you he was surely familiar with the people who were creating the problem. Yeah, he knew them.
The executives of Fannie Mae and Freddie Mac have advised him, and he has taken their money for his campaign.
He has received more money from Fannie Mae and Freddie Mac than any other senator in history — with the exception of the chairman of the committee overseeing them.
My friends, while he was taking that money did he ever talk to the executives of Fannie and Freddie about these reckless loans?
Did he ever discuss with them the stronger oversight I proposed?
You know, if Senator Obama is such a champion of financial regulation, why didn't he support these regulations that could've prevented this crisis in the first place?
You know he won't tell you.
But you deserve an answer.
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