Freddie Mac a Democrat Stronghold? Think Again.

Contrary to what most republicans would have you believe, no party walks away from the financial mortgage crisis with clean hands.

Check this out.

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.

McCain’s campaign manager, Rick Davis, or his lobbying firm has taken more than $2 million from Fannie Mae and Freddie Mac dating to 2000. In December, Freddie Mac contributed $250,000 to last month’s GOP convention.

Before 2004, Fannie Mae and Freddie Mac were Democratic strongholds. After 2004, Republicans ran their political operations.

Now don’t get me wrong–the democrats didn’t do enough to stop the impending crisis. However, neither were the republicans walking across water to save us. In truth, it seemed that the entire thing was business as usual in Washington: greased palms, hand-rubbing lobbyists, blind eyes, and a failure to act in the best interests of the people. It is evident that McCain thinks the constituents are fools, shouting, “Democrats are crooks!”, while an oily campaign manager sneaks off to deposit his ill gotten gains as soon as we are distracted by the rhetoric.

To add insult to injury, check out this clip of McCain lying about the money changing hands:

Shame on Washington. Shame on us for being so gullible. Let’s not let it happen again, shall we? Let’s all make it a point to pay attention to what these employees of ours (because that’s ultimately the function they are supposed to be performing, isn’t it–as our employees?) are doing. Don’t just listen to the party lines–dig up the facts. It’s our right, and our responsibility.


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