Who Took The Cookie From The Cookie Jar?

From The Ryskind Sketchbook

Various takes on what McCain should say to jump in the front car of the Wall Street Rollercoaster and ride it to victory. Powerline. McCain got it partly right today --some of it very right-- though going after Chris Cox seems like McCain at his worst to me --the strange need to always find a greedy bastard to blame. Here's the good part:

Senator Obama talks a tough game on the financial markets but the facts tell a different story. He took more money from Fannie and Freddie than any Senator but the Democratic chairman of the committee that regulates them. He put Fannie Mae's CEO who helped create this disaster in charge of finding his Vice President. Fannie's former General Counsel is a senior advisor to his campaign. Whose side do you think he is on? When I pushed legislation to reform Fannie Mae and Freddie Mac, Senator Obama was silent. He didn't lift a hand to avert this crisis. While the leaders of Fannie and Freddie were lining the pockets of his campaign, they were sowing the seeds of the financial crisis we see today and enriching themselves with millions of dollars in payments. That's not change, that's what's broken in Washington.
[snip]
When AIG was bailed out, I didn't like it, but I understood it needed to be done to protect hard working Americans with insurance policies and annuities. Senator Obama didn't take a position. On the biggest issue of the day, he didn't know what to think. He may not realize it, but you don't get to vote present as President of the United States. While Senator Obama and Congressional leaders don't know what to think about the current crisis, we know what their plans are for the economy. Today Senator Obama's running mate said that raising taxes is patriotic. Raising taxes in a tough economy isn't patriotic. It's not a badge of honor. It's just dumb policy. The billions in tax increases that Senator Obama is proposing would kill even more jobs during tough economic times. I'm not going to let that happen.

The Democratic Congress forced lenders --by law-- to give bad loans --and then when the loans were defaulted upon, with predictable ripple effects, they run away, pointing fingers all the while.
I want McCain & the RNC to run ads showing The Democratic Congress is the mother of all corrupt and predatory lenders and take back the House.

Here's a very interesting take on things from an NR Reader. Did our financial woes being with community organizing?

I think most would agree that the housing collapse is driving this financial meltdown, and it's quite possible that the low-income, "affordable housing" CRA shakedown fueled that collapse. Low-income housing has been a signature issue of Senator Obama's career, and his ties to the shady Chicago machine absolutely require the same kind of scrutiny as, say, Ms. Palin's pregnant daughter.

Now let's summarize with campaign spin: left-wing activists (er, "community organizers") extort trillions from our financial system to develop low-income housing (and fund political graft along the way), ultimately destabilizing our entire economy when the real estate bubble bursts. Obama has been involved in this scheme from the ground up, from securing funds in his community organizer days to doling them out as a Chicago legislator, along the way making connections with ACORN (whom he now uses as an arm of his campaign's "get-out-the-vote" efforts, despite the groups troubling record of voter fraud), and Rezko (who made millions off of developing low-income housing, and just coincidentally was one of Obama's biggest backers). This is not change I believe in.

Hmmm.