From his perch as acting director of the Federal Housing Finance Agency, DeMarco oversees Fannie Mae and Freddie Mac, the government-owned mortgage behemoths that collectively control about half of all home loans in the land. What he does shapes both the national housing market and the ability of troubled borrowers to hang on to their homes. What he has been been doing lately has been so unhelpful that Democratic lawmakers and grassroots advocacy groups are properly demanding his ouster.
DeMarco steadfastly refuses to allow Fannie and Freddie to help distressed homeowners by writing off principal balances on their mortgages. This has ensured that tens of millions of borrowers remain “underwater,” meaning they owe the banks more than their homes are worth — a status that has an alarming tendency to portend foreclosure. His refusal is based on logic that is both elegantly simple and tragically flawed: He is responsible for cleaning up the books at Fannie and Freddie, so he is against spending money.
If DeMarco were fire chief and your house became engulfed in flames, you could forget about calling 911. By his reasoning, the taxpayer would be best served by keeping the fire engines in the station, lest they get damaged in the line of duty. It would not matter whether the flames licking your windows were the result of your recklessness or the product of an explosion at, say, the methamphetamine lab down the street. He would not run up the municipal water bill by saving your block.
The Republican Party’s 21-page blueprint, “Pledge to America,” was put together with oversight by a House staffer who, up till April 2010, served as a lobbyist for some of the nation’s most powerful oil, pharmaceutical, and insurance companies.
In a draft version of The Pledge that was being passed around to reporters before the official release, the document properties list “Wild, Brian” as the “Author.” A GOP source said that Wild — who is on House Minority Leader John Boehner’s payroll — did help author the governing platform….
Until early this year, Wild was a fairly active lobbyist on behalf of the firm the Nickles Group, the lobbying shop set up by the former Republican Senator from Oklahoma, Don Nickles. During his five years at the firm, Wild, among others, was paid $740,000 in lobbying contracts from AIG, the former insurance company at the heart of the financial collapse; $800,000 from energy giant Andarko Petroleum; more than $1.1 million from Comcast, more than $1.3 million from Exxon Mobil; and $625,000 from the pharmaceutical company Pfizer Inc.
Eddie Izzard: Grade the lies. Hitler saying, “We’re not killing the Jews” when there’s six million dead is a different thing than… lying about double-parking. There are different levels of lies.
Christine O’Donnell: But you know what, a lie, whether it be a lie or an exaggeration, is disrespect to whoever you’re exaggerating or lying to. It’s not respecting reality.
Eddie Izzard: What if Hitler comes to you in the middle of the Second World War, and says, “Do you have any Jewish people in your house?” and you do have, would you lie to him? That would be a lie. That would be disrespectful to Hitler.
Christine O’Donnell: I believe that if I were in that situation, God would provide a way to do the right thing—
Bill Maher: Oh, shut up. Come on.
Christine O’Donnell: I believe that!
Bill Maher: God is not there! Hitler’s there and you’re there.
Christine O’Donnell: You never have to practise deception!
Getting bitchslapped soundly: Perfectly good excuse for canceling media appearances.
Well. The terror of a terrorist plot like this will keep me up at night for the next twenty, thirty years. Or maybe that’s the terror at the thought that somebody actually elected Gohmert.
SERIOUSLY WHEN HAS THIS EVER HAPPENED
This is actually as close as you can get if you stretch the fabric of that statement thin enough. The problem with such an inflammatory, baseless claim like that is, while too easy to tear apart, far too many people believe it because they WANT to believe it. It supports and reinforces their belief structure.