The Truth About Obama, the Democrats, and Fannie Mae


In 2004, accounting problems at Freddie Mac and Fannie Mae resulted in congressional hearings.  While the Republicans directly addressed the looming threat from the corruption at the two companies, Democrats defended their pet programs and attacked the Federal Regulator for pointing out the discrepancies.  Four years later, their defense resulted in the largest financial crisis since the Great Depression.  While Barack Obama was not present for these hearings, his party’s ideology, as well as lucrative contributions from the two companies to his personal campaigns prevented the aversion of disaster when it could have been accomplished.


While this does not directly speak to Senator Obama’s religious beliefs, it does perhaps stem from his general position that Christianity does not mean the death and resurrection of Jesus Christ, the Son of God, for the redemption of human kind, but rather the metaphoric salvation of the poor and oppressed through whatever means possible, even stealing from the rich, or the destruction of the financial structure of the country.


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