Keep it up McCain!!!

I can hear it tomorrow - McCain is running a sleazy campaign over these comments.

Obama and his followers couldn't tell the truth if it was on 10 teleprompters.

The gloves are off "my friends" and the first punch was a knockout! Obama's retort will most likely be a "left" jab and come off as a juvenile Pee Wee Herman remark such as, "I know you are but what am I." LOL
Even the Big Shoe Dance can not deflect the truth of McCain's statement and the country knows it. :)

Earlier this week, Barack Obama invented a new Congressional stimulus package to go along with the Internet which was invented by Albert Gore, Jr. a decade ago.

For those of you who don't know, the Internet is a "web" of computers connected electronically -- all over the world! Mr. Gore created it all by himself.

The stimulus package is a way to make our economy stronger. It's a miracle! Mr. Obama made it, all by his lonesome.

Now we will all be one, big happy nation, thanks to Mr. Obama.

It's so easy! Si, se puede! That's Spanish for "we can do it if nobody checks the facts!"

This--along with Obama's financial connection to these giants--need to be in an ad because as usual the MSM, including Fox News, is ignoring it. His full statement follows. Oh and another small thing, these organizations are semi-private entities and the left-wing bloggers and the press are calling Palin's remarks a "gaff" because they say they're private entities. And as usual, the MSM gets their news from "whole cloth". Anyway, McCain's statement follows. It says it all:

"Mr. President, this week Fannie Mae's regulator reported that the company's quarterly reports of profit growth over the past few years were "illusions deliberately and systematically created" by the company's senior management, which resulted in a $10.6 billion accounting scandal.
The Office of Federal Housing Enterprise Oversight's report goes on to say that Fannie Mae employees deliberately and intentionally manipulated financial reports to hit earnings targets in order to trigger bonuses for senior executives. In the case of Franklin Raines, Fannie Mae's former chief executive officer, OFHEO's report shows that over half of Mr. Raines' compensation for the 6 years through 2003 was directly tied to meeting earnings targets. The report of financial misconduct at Fannie Mae echoes the deeply troubling $5 billion profit restatement at Freddie Mac.
The OFHEO report also states that Fannie Mae used its political power to lobby Congress in an effort to interfere with the regulator's examination of the company's accounting problems. This report comes some weeks after Freddie Mac paid a record $3.8 million fine in a settlement with the Federal Election Commission and restated lobbying disclosure reports from 2004 to 2005. These are entities that have demonstrated over and over again that they are deeply in need of reform.

For years I have been concerned about the regulatory structure that governs Fannie Mae and Freddie Mac--known as Government-sponsored entities or GSEs--and the sheer magnitude of these companies and the role they play in the housing market. OFHEO's report this week does nothing to ease these concerns. In fact, the report does quite the contrary. OFHEO's report solidifies my view that the GSEs need to be reformed without delay.

I join as a cosponsor of the Federal Housing Enterprise Regulatory Reform Act of 2005, S. 1 90, to underscore my support for quick passage of GSE regulatory reform legislation. If Congress does not act, American taxpayers will continue to be exposed to the enormous risk that Fannie Mae and Freddie Mac pose to the housing market, the overall financial system, and the economy as a whole.
I urge my colleagues to support swift action on this GSE reform legislation.