1/28/12 JOURNALIST SHOCKED BY OBAMA STATE-of-the-UNION HYPOCRISY: ( below is a quote of Christopher Booker, Telegraph, re his disbelief as he listened to Obama's recent state-of-the-union address. He points out that Obama as a senator contributed to the fannie mae catastrophe I recalled a piece I wrote in this column on January 29, 2009, just after Obama took office. It was headlined: “This is the sub-prime house that Barack Obama built”. As a rising young Chicago politician in 1995, no one campaigned more actively than Mr Obama for an amendment to the US Community Reinvestment Act, legally requiring banks to lend huge sums to millions of poor, mainly black Americans, guaranteed by the two giant mortgage associations, Fannie Mae and Freddie Mac It was this Act, above all, which let the US housing bubble blow up, far beyond the point where it was obvious that hundreds of thousands of homeowners would be likely to default. Yet, in 2005, no one more actively opposed moves to halt these reckless guarantees than Senator Obama, who received more donations from Fannie Mae than any other US politician (although Senator Hillary Clinton ran him close). "... A later passage in Obama’s speech, when he hailed the way his country’s energy future has been transformed by the miracle of shale gas, met with a storm of applause. Not only would this give the US energy security for decades, creating 600,000 jobs, but it could now go all out to exploit its gas and oil reserves (more applause). Yet this was the man who in 2008 couldn’t stop talking about ..."[cutting C02 emissions] http://www.telegraph.co.uk/comment/columnists/christopherbooker/9045657/How-I-woke-up-to-the-untruths-of-Barack-Obama.html

1/28/12 JOURNALIST SHOCKED BY OBAMA STATE-of-the-UNION HYPOCRISY: ( below is a quote of Christopher Booker, Telegraph, re his disbelief as he listened to Obama's recent state-of-the-union address. He points out that Obama as a senator contributed to the fannie mae catastrophe


I recalled a piece I wrote in this column on January 29, 2009, just after Obama took office. It was headlined: “This is the sub-prime house that Barack Obama built”. As a rising young Chicago politician in 1995, no one campaigned more actively than Mr Obama for an amendment to the US Community Reinvestment Act, legally requiring banks to lend huge sums to millions of poor, mainly black Americans, guaranteed by the two giant mortgage associations, Fannie Mae and Freddie Mac It was this Act, above all, which let the US housing bubble blow up, far beyond the point where it was obvious that hundreds of thousands of homeowners would be likely to default. Yet, in 2005, no one more actively opposed moves to halt these reckless guarantees than Senator Obama, who received more donations from Fannie Mae than any other US politician (although Senator Hillary Clinton ran him close).

"... A later passage in Obama’s speech, when he hailed the way his country’s energy future has been transformed by the miracle of shale gas, met with a storm of applause. Not only would this give the US energy security for decades, creating 600,000 jobs, but it could now go all out to exploit its gas and oil reserves (more applause). Yet this was the man who in 2008 couldn’t stop talking about ..."[cutting C02 emissions]


http://www.telegraph.co.uk/comment/columnists/christopherbooker/9045657/How-I-woke-up-to-the-untruths-of-Barack-Obama.html