Press
Release
Contact: Don Swarthout, President Christians
Reviving America's Values (CRAVE) 859.219.1222 or 859.619.2811
WASHINGTON, Oct. 1 /Christian Newswire/--
Don Swarthout, President of Christians Reviving America's Values
and Patriotic Pastors has made an interesting observation about
why our government wants the Bailout Bill so badly.
Swarthout said, "The Federal Government's
reason for wanting to pass the Bailout is they desperately need
your tax money. Their strong desire for such legislation has absolutely
nothing to do with your well being."
Senator Barney Frank and many other elected
officials have recently said publicly that Fannie Mae and Freddie
Mac were not in any trouble. Apparently, this was said to cover
their tracks made when they forced Fannie Mae and Freddie Mac
to make mortgage loans to low income people who were totally unable
to repay these loans.
In fact, one minority who may have been
the first black woman elected to the Senate, wildly applauded
Fannie Mae and Freddie Mac for their wonderful management of their
companies. She even made mention of the CEO's name, who also happens
to be a minority, as a great leader of Fannie Mae and Freddie
Mac. Now he is being criticized.
Now we know Fannie Mae and Freddie Mac
were forcing the lending of mortgage loans to totally unqualified
borrowers. That and the greed of lenders are the primary reasons
for the problems we now see in the financial markets of America.
We are also aware of the earmarks of 20%
of the profits for ACORN were part of the original Bailout Bill
and that Barack Obama has been strongly tied to ACORN.
Swarthout asked, "Why was an earmark
ever a part of this Bailout Bill?"
Swarthout said, "I believe the reason
for the Bailout is simply a "white lie" told by President
Bush and elected officials to grab a large amount of money which
will allow them to save the economy for the reason the government
has to do anything it can to keep their tax revenues coming in."
"Why else would President Bush seek
such a controversial bill just before an election? Sadly, the
American people cannot believe anything they are currently being
told by our elected officials in Washington. The reason behind
the Bailout is our government is spending too much and must keep
tax money coming in..." Swarthout said.
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