democrats

The dems are so confident of an Obama victory that they're not even being coy. Barney Frank, the Massachusetts liberal who heads the house financial services committee, said explicitly that the rich would be punished through higher taxes that will pay for more government programs. It's interesting that the dems always whine about the deficit under Bush but apparently have no problem with the deficit if it's used for their programs. There is no doubt that democrats, with Obama as president, will punish wealth and success.

http://hotair.com/archives/2008/10/21/video-barney-frank-wants-more-taxe...

I was sent this by a friend who was an undecided voter. As I am not american, my vote doesn't count either, but with the press coverage this election is getting it's hard not to have an opinion (i probably wouldn't care so muc if it was two middle aged white guys). It is biased, but I did some checking of the facts presented and the ones I checked passed. Although I lay blame on idiots who took out loans that they couldn't afford, there is also an aspect where the government is to blame for letting it happen.

Anyway, it seems like the democrats were the ones who introduced the communities reinvestment act which promoted homeownership for low income people...how stupid is that. Further, under clinton, he allowed the securitization of these sub-prime loans to occur.

Anyway, just watch the video and let me know what you think.

http://uk.youtube.com/watch?v=1RZVw3no2A4

What do you think?

http://www.nytimes.com/2008/09/22/business/22paulson.html?_r=1&ref=busin...