Obama's Fake Outrage?

As voters reel from the worst week on Wall Street since the 1929 Crash, the shocking financial turmoil flushed away sideshow debates such as Obama's comments about pig wearing a lipstick that most saw as a sexist insult to Palin. It didn’t take long to see Obama jump on the opportunity and use the current crisis, to his advantage. “The turmoil in the financial markets is the direct result of Republican deregulation policies,” Obama said this week. Obama made remarks that McCain and Bush jointly "support ideological policies that made the crisis more likely, do nothing as the crisis hits and then scramble as the whole thing collapses.'' Then, another guy (Joe Biden) who proclaimed that "raising taxes is patriotic " played the party card on CNN: "who has been the captain of the helm for these past eight years? The Republican economic philosophy that John McCain has adhered to, that has driven us into this hole." In reality, the housing bubble burst because the commercial banks, stock firms, and hedge funds were allowed to engage in Pritzker-like mortgage swaps. And while the measures were pioneered by Senate Republicans it was Bill Clinton who actually signed off on the deal. Obama repeatedly accused McCain of taking money from the Wall street lobbyists but it would be good to note that Dick Fuld, C.E.O. of bankrupt Lehman Brothers, was a big Obama contributor. Barack Obama’s outrage over all the bankruptcies and bailouts, are as fake as Chinese made Lois Vuitton hand-bags. Top ten of Barack Obama’s contributors are from Wall Street including Goldman Sacs, Lehman and the JP Morgan Chase. And who is Obama’s campaign Finance Chair? Penny Pritzker - one of the first subprime lenders to stick it to borrowers and have her bank seized. Oh yeah, did we mention that this woman remains a potential Secretary of the Treasury in an Obama administration? http://obamaflipflops.org

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