Rush Limbaugh. It’s a socialist bailout. “When the government fails to pass a socialism bill and the market goes south, let it go south. I don’t want to pass a socialism bill just to protect the stock market,” said Limbaugh, by far the most popular host on U.S. radio.
Liberals in Congress are to blame. “Democrats are to blame for the home mortgage crisis at the root of the problem, saying liberals put pressure on mortgage finance giants Fannie Mae and Freddie Mac to make housing loans to people who could not afford to repay them.” More…
Harvard Economist Jeffrey Miron. This bailout was a terrible idea. Here’s why.
“The current mess would never have occurred in the absence of ill-conceived federal policies. The federal government chartered Fannie Mae in 1938 and Freddie Mac in 1970; these two mortgage lending institutions are at the center of the crisis. The government implicitly promised these institutions that it would make good on their debts, so Fannie and Freddie took on huge amounts of excessive risk…” More here.
Michael Moore (liberal film maker)
“No matter what they say, no matter how many scare words they use, they are up to their old tricks of creating fear and confusion in order to make and keep themselves and the upper one percent filthy rich…More.
Hillary Clinton. ‘It Sounds Dire, But Commerce Could Stop’ Says She Understands The Concerns Of ‘Innocent Taxpayers,’ But A Possible ‘Recession Impacts Everyone’ More…
Barack Obama RENO, Nev. (AP) – Democratic presidential candidate Barack Obama is calling for Americans to get behind attempts to salvage a $700 billion rescue plan for the financial sector.
Obama told a crowd at the University of Nevada at Reno on Tuesday that if Wall Street fails, ordinary people will be hurt, too.
The Illinois Democrat warned that if Congress doesn’t take action, people will find it tougher to get a mortgage for a home, a loan for college or a loan to buy a car.More…
This may be politics, but it’s marketing marketing marketing from both sides.
Whose marketing pitch resonates with you?