Friend,
So far, Republicans have been holding back when discussing the causes of the current financial crisis. But I'm finished pulling my punches.
Here's the bottom-line -- Democrats pressured banks to make loans to people who could not afford them. And now we are all paying the price.
It is a devastating look at liberal Democrat Fannie Mae / Freddie Mac policies that now threaten to bring down the entire U.S. economy. Here's a taste:
"In moving, even tentatively, into this new area of lending, Fannie Mae is taking on significantly more risk, which may not pose any difficulties during flush economic times. But the government-subsidized corporation may run into trouble in an economic downturn, prompting a government rescue similar to that of the savings and loan industry in the 1980's." (New York Times, 9/30/1999)
As a result of this liberal Democrat incompetence, the world financial markets are now on the verge of collapse! And hard-working Americans all over the country may have a tough time getting a car loan, a mortgage, or a loan to expand small a business.
Make no mistake about it. The primary cause of this mess is liberal Democrat do-goodery.
Democrats are desperately trying to pin this financial meltdown on everyone but themselves!
Last week, in Colorado, they tried to blame Republican Senate candidate Bob Schaffer. Yesterday, in a historic display of partisan ineptitude, Nancy Pelosi blamed conservative Republicans in the House Of Representatives. And in the presidential debate, Barack Obama blamed John McCain for the impending financial collapse.
Democrats absurdly claim that free markets, low taxes and deregulation caused this crisis. So let me get this straight. Democrats manipulate markets for liberal goals, those markets collapse, and then those same Democrats blame the markets? Do they think the American people are dopes?
This video tells the real story.
Please share this email with your friends, family and neighbors.
The liberal media has no interest in telling this story. The press is hell-bent on doing everything in its power to drag Obama across the finish line, so it will ignore the misguided policies of Jimmy Carter, Democrat cronies at Fannie Freddie, Barack Obama, and liberals in Congress that put us in this fix.
As always, thanks for your help.
Sincerely yours,
Senator Orrin Hatch
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