Muscatine

Andrew Jackson comments on the economic crisis and ending the Fed

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  • budman
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I'm good you. I move down to the cabin all summer. No time for the computer. moved back home this weekend it's  to far to drive the kid back and forth to school.  And just in time for the hunting seasons. Just got on and decided to read some old post. I see chosen came back . The last time i was on here he said we would never see him again? at least he's consistent.Wink

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  • mobaydave
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  • muskateen
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Editor
When the media constantly offers one view on any subject you should be concerned. How can there only be one view? Where is the other side of the issue? Are other views being suppressed and if so why. Is it easier to accept the view given without question?

Have our minds become lazy, don't we care or do we suffer from the - they will do what ever they want anyway.

If you care about democracy you must be vigilant, always. It's your responsibility. Do some research and find out what and who is behind global warming. You owe to yourself your family and your country.

Why do I post about global warming when the title of the blog is Blowing Our Tax Dollars on Wind Farms - Wind farms, bio-fuels and solar parks are all part of the plan. Do some research

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  • mobaydave
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  • muskateen
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AP IMPACT: Mortgage firm arranged stealth campaign
Sunday, October 19th, 2008 at 4:43pm EST

WASHINGTON

Freddie Mac secretly paid a Republican consulting firm $2 million to kill legislation that would have regulated and trimmed the mortgage finance giant and its sister company, Fannie Mae, three years before the government took control to prevent their collapse.

In the cross hairs of the campaign carried out by DCI of Washington were Republican senators and a regulatory overhaul bill sponsored by Sen. Chuck Hagel, R-Neb. DCI's chief executive is Doug Goodyear, whom John McCain's campaign later hired to manage the GOP convention in September.

Freddie Mac's payments to DCI began shortly after the Senate Banking, Housing and Urban Affairs Committee sent Hagel's bill to the then GOP-run Senate on July 28, 2005. All GOP members of the committee supported it; all Democrats opposed it.

In the midst of DCI's yearlong effort, Hagel and 25 other Republican senators pleaded unsuccessfully with Senate Majority Leader Bill Frist, R-Tenn., to allow a vote.

"If effective regulatory reform legislation ... is not enacted this year, American taxpayers will continue to be exposed to the enormous risk that Fannie Mae and Freddie Mac pose to the housing market, the overall financial system and the economy as a whole," the senators wrote in a letter that proved prescient.

Unknown to the senators, DCI was undermining support for the bill in a campaign targeting 17 Republican senators in 13 states, according to documents obtained by The Associated Press. The states and the senators targeted changed over time, but always stayed on the Republican side.

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  • mobaydave
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  • muskateen
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