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Pittsburgh, Pennsylvania – November 14 –
Generally speaking; which is managed better, businesses, or government? Which has the better accounting practices and procedures; businesses or government?
How many businesses can “give away money” to almost any crony that comes along, and survive? Fannie and Freddie did it. President Obama got in on the largess of Fannie and Freddie. Franklin Raines and company cooked the books. Jamie Gorelik collected millions from Fannie and Freddie. It turns out that Newt Gingrich was on the board of directors of Fannie or Freddie, and got his fingers in the pie. It doesn’t matter, which one, because the point is: Newt Gingrich got his fingers in the pie.
If we apply these government principles to say General Motors, will it work? If we apply them to McDonald’s, will they be successful? I report. You decide.
The problem is: Government members are not held accountable. Very few government members go to jail like Jack Abramoff did. Will Newt Gingrich go to jail for being on a government board? No way. How many government people will go to jail for guaranteeing a risky $500,000,000 loan? Was money funneled to President Obama’s campaign from taxpayer money in the Solyndra loan guarantee and in the stimulus?
Another problem is: We have people in Massachusetts putting people like Barney Frank in government. The nation as a whole are helpless against the wishes of a small group of people, who live in Massachusetts. There should be a way for the nation as a whole to reject people like Barney. Put him on trial for crimes and misdemeanors. Risky mortgages, bad accounting principles, and giving away taxpayer money irresponsibly, should be a crime, and people like Barney should be subject to prosecution.
He who passively accepts evil is as much involved in it as he who helps perpetuate it. He who accepts evil without protesting against it is really cooperating with it….Martin Luther King
Don’t worry, Barney said she did a great job over at Fannie Mae….
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