Our new President-elect makes no bones about his plan to socialize our country:

By Nedra Pickler
and Terence Hunt
ASSOCIATED PRESS

CHICAGO – Inheriting an economy in peril, President-elect Barack Obama yesterday warned that the nation faces the challenge of a lifetime and pledged he would act urgently to help Americans devastated by lost jobs, disappearing savings and homes seized in foreclosure.

His promises sound good, superficially, but his focus does not appear to be on stimulating the economy; rather it is on equalizing the economy, helping (giving federal aid to) the "disadvantaged". Where will the "help" come from? It will be taken from the ones who worked for it and given to the ones who did not. And to those who could not largely because of his own (Obama's) incompetence in dealing with matters of national finance (reference his deep involvement in the Fanny Mae fiasco that was instrumental in causing the loss of jobs and savings and homes).

Shot in the Fannie Mae!

Where are they now?

Here is a quick look into 3 former Fannie Mae executives who helped bring down Wall Street.

Franklin Raines was a Chairman and Chief Executive Officer at Fannie Mae. Raines was forced to retire from his position with Fannie Mae when auditing discovered severe irregulaties in Fannie Mae's accounting activities.

The Government filed suit against Raines when the depth of the accounting scandal became clear. http://housingdoom.com/2006/12/18/fannie-charges/. The Court ordered Raines to return $50 Million Dollars he received in bonuses based on the miss-stated Fannie Mae profits.

Tim Howard was the Chief Financial Officer of Fannie Mae. Howard "was a strong internal proponent of using accounting strategies that would ensure a "stable pattern of earnings" at Fannie. In everyday English - he was cooking the books. The Government Investigation determined that, "Chief Financial Officer, Tim Howard, failed to provide adequate oversight to key control and reporting functions within Fannie Mae."

Howard resigned under pressure in late 2004.

Jim Johnson - A former executive at Lehman Brothers and who was later forced from his position as Fannie Mae CEO. A look at the Office of Federal Housing Enterprise Oversight's May 2006 report on mismanagement and corruption inside Fannie Mae, and you'll see some interesting things about Johnson. Investigators found that Fannie Mae had hidden a substantial amount of Johnson's 1998 compensation from the public, reporting that it was between $6 million and $7 million when it fact it was $21 million."

Johnson is currently under investigation for taking illegal loans from Countrywide while serving as CEO of Fannie Mae.

WHERE ARE THEY NOW?

FRANKLIN RAINES?

Raines works for the Obama Campaign as Chief Economic Advisor

TIM HOWARD?

Howard is also a Chief Economic Advisor to Obama

JIM JOHNSON?

Johnson was hired as a Senior Obama Finance Advisor and was selected to run Obama's Vice Presidential Search Committee.

Obama claims he has the wherewithal to clean up the country's financial quagmire. One thing should be clear: his advisors have the expertise.

THEY MADE THE MESS IN THE FIRST PLACE!

Should we trust the men who tore Wall Street down to build the New Wall Street?

Obama promises change. How much more of the type of change he seems to promote can we as Americans afford?

Will Obama Raise Taxes - And Do I Care?

Barack Obama has intimated that he'll raise taxes. If he wins the election, and if he does actually raise taxes and if gas prices keep going up and if the economy in general just keeps taking a nose dive, how is that going to affect me?

Not at all! You see, I'm plugged into a marketing plan that's virtually immune to economic trends. It's growing regardless, and will continue to grow. In fact, if Obama defeats McCain and jacks our taxes up, it could HELP this business because people everywhere will be (as they already are) clamoring for ways to supplement their income.

Take a close look at this site and see one of the reasons. When stuff this great gets given away for free, times can't be that hard.

Forget Barack Obama and his threats (or promises, as your perspective may dictate). No matter what Obama does (or McCain, for that matter), it can only help!