Investigate Fannie Mae, Freddie Mac Lobbying, Says Bob Barr
“Ground zero of today’s economic crisis was irresponsible mortgage lending by government-backed enterprises, most notably Fannie Mae and Freddie Mac,” explains Bob Barr, the Libertarian Party candidate for president. “Yet, Freddie Mac spent extravagantly to prevent Congress from imposing even loose controls over its operations. We need a full and open investigation of Freddie Mac’s lobbying practices, which have cost the taxpayers so much money,” notes Barr.
After several huge, government bailouts, and other measures placing trillions of taxpayer dollars at risk, the nation’s financial system remains far from stable. There is much more work that needs to be done before the economy will return to its growth path, but it cannot be more of the same, heavy-handed government mandates that have failed us time and again.
Bob Barr Moves Presidential Debate into 21st Century
Barr to Participate in Real Time, Virtual Debate With Obama, McCain at BobBarr2008.com/CounterDebate
Using the latest advances in campaign social networking and Internet communication, Libertarian Party Presidential Nominee Bob Barr will be participating in a real time, virtual debate during the televised debate between Senators Barack Obama and John McCain. Barr's virtual debate will be streamed live over the Internet at http://www.bobbarr2008.com/counterdebate beginning at 9:00 p.m. [EST].
Senator John McCain attempted to disguise reality by calling the $700 billion Wall Street bailout a “rescue,” but it’s obvious that the only people he and his colleagues were rescuing were the executives who had made bad investment decisions, as well as the politicians who had pushed increased mortgage lending, irrespective of cost, triggering today’s crisis. Now it turns out that the companies getting bailed out will benefit twice.
The presidential and vice-presidential "debates" are awful. The bloviating is excessive; the substance is minimal; and the moderating is bush league.
Virtually no one has been satisfied with the debates so far--except perhaps Barack Obama's campaign staff. The less substantive and contentious the debate is, and the less interesting the discussion--the better it is for the political front-runner, but not for the American people.
Time to Appoint Judges Dedicated to Constitutional Liberty
“The Supreme Court has begun another term, and it again possesses a full docket of critical cases,” observes Bob Barr, the Libertarian Party candidate for president. “Judicial appointments are one of the most important issues in choosing the next president, but we don’t need conservative or liberal justices. Rather, we need justices committed to the Constitution, with its stringent limits on government power and strong protections for individual liberty,” Barr explains.
Bush Administration Hypes Danger to Justify Intervention
"The Bush administration once again misled Americans into believing extreme danger was imminent and extraordinary U.S. government intervention was required to save our country," says Bob Barr, the Libertarian Party's presidential nominee. "And, once again, the intervention of the Bush administration has made things much worse."
Economic Chaos Increases After Congress Passes Bailout
Will Sens. Obama and McCain Claim a Piece of this Rotten Fish They Helped Produce?
Congress passed the $700 billion Wall Street bailout on Friday, supported by both Senators John McCain and Barack Obama. The U.S. stock market promptly dropped. Over the weekend the financial crisis threatened European banks, and stock prices across Asia and Europe tanked.
So much for the argument that the bailout was necessary to calm the markets.
Senate, White House Pressure Trumped Principle for 58 Members
“It didn’t take much to buy a House vote, only about $130 billion in so-called sweeteners,” says Bob Barr, the Libertarian Party candidate for president, referring to the 58 members of Congress who changed their vote from 'no' to 'yes' in support of the bailout bill. “So now the House has joined the Senate in taking $700 billion-plus worth of Main Street’s money to bail-out Wall Street. Congress spent money it doesn’t have to get reluctant members to vote even more money that they don’t have."
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