Friday, October 10, 2008

The Real Obama

Below are embedded hyperlinks to a 4-Part expose on Barack Obama by Thomas Sowell --well worth the read:

The Real Obama
The Real Obama Part II
The Real Obama: Part III
"The Real Issues": Part IV

1 comment:

JMK said...

That's a GREAT series of articles.

Thomas Sowell and Walter E. Williams are two extraordinary economists. Both of those men understand the inate wisdom of America's Founders - that individual Liberty and private property rights are the foundation for all our other freedoms.

The irony about the current Obama surge is that while Republicans are getting the blame for the credit crisis meltdown, it was PRIMARILY a Democratic scandal.

It was the re-tooling of the CRA that forced banks to make "subprime" loans (subprime refers to the borrowers being UNCREDITWORTHY, not the interest rate) to unqualified borrowers, while Fannie and Freddie guaranteed and later bundled a TRILLION DOLLARS of bad loans and fraudulently packaged them to various financial markets around the world, including (especially) Wall Street - THAT'S what led to the current credit crisis and the subsequent stock market meltdown.

While too many Republicans also bought into "the ownership society," it was Sen. Chris Dodd and Rep. Barney Frank who were Fannie's and Freddie's point-men resisting TWO attempts by both G W Bush and John McCain to force some oversight on Fannie and Freddie.

The Dems used far-Left groups like ACORN to, in effect, extort more subprime loans from banks. Barack Obama working for a law firm used by slumlord Anthony Rezko helded an ACORN member (Calvin Roberson) sue Citibank for not offering enough subprime mortgages to unqualified borrowers.

With 25 days to go, it seems a little late for that misperception to turn around.