The IUSB Vision Weblog

The way to crush the middle class is to grind them between the millstones of taxation and inflation. – Vladimir Lenin

Archive for September 28th, 2008

THE VIDEOS THAT SAY IT ALL: Democrats on Banking Committee Lying About Status of Fannie Mae and Freddie Mac – Saying They are Fine and Don’t Need Reform & Critique of Fannie Mae is a Racial Attack on Franklin Raines…

Posted by iusbvision on September 28, 2008

UPDATE III: If you liked my “In Plain English – How this mess happened” article linked below – someone made a video version that says the same thing. Enjoy and learn.

Now Back to our original story.

Democrats on the banking committee’s have been brazenly lying about all of this for years so they cannot be trusted. Why do I say that? Because the regulatory agency that reports to Congress has been warning them or YEARS that this was coming and they blocked all attempts to reform it as we have demonstrated with the evidence and the government documents HERE, HERE, HERE and HERE.

UPDATE: The New York Times predicted the possible collapse of Fannie Mae and Freddie Mac in 1999! Read HERE.

UPDATE II: House Votes NO on bailout!
People are blaming partisan back and forth for the reason, but the truth is that while the improvements the House Republicans insisted on did improve the bill, the oversight on the mortgage industry was still not up to par; too many political appointees, not enough real bank regulators, which is what caused this whole mess in the first place.

Another problem with this bill is that the banks would get these funds, but have no obligation to continue extending credit to medium risk credit worthy people, smaller banks, farms and companies. If the object is to get some solvency into these banks in trouble because of the mortgage crisis, shouldn’t we demand that they still behave as responsible banks instead of just sitting on a huge wad of taxpayer cash to only act as a soft and fluffy cash barrier to their own risk? The object of the bill is to get banks in the position to be responsible lenders again so the economy doesn’t shut down; this bill doesn’t do that.

UPDATE IV: —–>MUST SEE Video HERE go view it. <——
We have that video on youtube now:

Our entire coverage of ever facet of the mortgage crisis can be found HERE, HERE, HERE, HERE, HEREHERE, HEREHERE and HERE – Editor

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Posted in Campaign 2008, Chuck Norton, Mortgage Crisis, Other Links, Palin Truth Squad | 5 Comments »

Debate News, The Latest on the Bailout, Obama Campaign Trying to Get Law Enforcement to Silence Critics, & More Media Corruption

Posted by iusbvision on September 28, 2008

I apologize for the lack of updates in the last few days. A family medical emergency is taking all my time.

Lets get down to some business.

One:

Thank God for the House Republicans, this bailout was going to be more of the same, more taxpayer dollars to partisan groups, spending money without protections to the tax payer etc. Judging my all the news accounts and insider blogs it looks like the House Republicans said No. They said if your bailout is so good Democrats which is packed with cronyism and influence peddling you pass it over us because you have the votes, and we will have something to run against in the election.

The real thing is , will it be a total bailout or a combination bailout insurance deal that can same us more money, will there be real reforms in this bill. The promise of reforms later means nothing, Democrats on the banking committee’s have been brazenly lying about all of this for years so they cannot be trusted. Why do I say that? Because the regulatory agency that reports to Congress has been warning them or YEARS that this was coming and they blocked all attempts to reform it as we have demonstrated with the evidence and the government documents HERE, HERE, HERE and HERE.

If there is no REAL reform in the bailout, the people should not support it and people should punish the Democrats and the Republicans for not demanding it NOW. One thing is for sure, Pelosi is lying about the House Republicans, she is calling them “unpatriotic” etc… so she obviously is not getting her way and she is ticked. You know, if Republicans called the Democrats unpatriotic during this the elite media would have been screaming that the Republicans were politicizing the whole event. Everyone needs to hold Journalists accountable for how bad their industry has abandoned the public trust. I suggest that everyone make a list of the top 10 media abuses in this campaign and stick it in their wallet and when you come across a journalist start lecturing them. Public pressure is what it will take to start shaming these people into a residue of ethics.

Two:

As with WGN– the Obama campaign is trying to pressure law enforcement into silencing critics of Obama. They have been trying this in Missouri so the Missouri governor went ballistic on the Obama Campaign and rightly so.

Three:

The elite media is doing next to nothing to fact-check Obama’s statements in the debate, there are many times when Obama’s statements ran 180 degrees opposite of what he said in the Primary. Due to my family emergency and being short on time I cant list them all but…

Gateway Pundit has a list of Obama’s reversals from the debate HERE.

Hotair has a good one HERE that is a great read.

Here Obama says that no soldier ever dies in vain… how nice

Hotair.com reminds us that McCain was right again:

And here’s how poseur ended his 2002 anti-war speech, which remains to this day the biggest/only credential on his foreign-policy resume:

The consequences of war are dire, the sacrifices immeasurable. We may have occasion in our lifetime to once again rise up in defense of our freedom, and pay the wages of war. But we ought not — we will not — travel down that hellish path blindly. Nor should we allow those who would march off and pay the ultimate sacrifice, who would prove the full measure of devotion with their blood, to make such an awful sacrifice in vain.

Four:

Do you think that Obama will try to spin statements by Henry Kissinger again? Kissinger didn’t stand for it:

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