Monday, October 13, 2008

America's Economic Mess: Of Fannie, Freddie and their Democrat "Family"

John Perazzo's article in today's Front Page Magazine is a very good one.

As evidenced by Barack Obama’s rise in the polls immediately following the financial collapse of mortgage giants Fannie Mae and Freddie Mac, few Americans understand that for many years Fannie and Freddie have been, first and foremost, tools of Democratic politicians, funders of the Democratic Party, and, in the words of a former Fannie CEO, the intimate “friends” and “family” of the Democratic Party’s left wing.


Nor are most Americans aware that Fannie and Freddie, through their eponymous grant-making foundations, have funneled literally hundreds of millions of dollars in recent years to a host of leftist groups and causes that work to promote Democratic agendas, causes, and policies. To set the record straight, it is worthwhile to examine the connections between Fannie, Freddie, and the Democratic Party.
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And remind me again why this issue isn't being explored by America's independent press? Oh yeah; as John Hinderaker over at Power Line says, "You have to hand it to the mainstream media: they are utterly shameless in their effort to hand this year's election to Barack Obama."