On July 14th the NAACP passed a resolution condemning the racist elements with in the Tea Party movement. Needless to say that didn?t go over well with the Tea Party or the conservative movement in general.
Now, I’ll be honest, I haven?t read the text of the resolution, but I find it hard to believe that the NAACP was actually condemning the entire Tea Party Movement, and was instead just targeting the racist fringe elements, elements that tend to exist within all most any political movement. Elements that most Tea Party leaders themselves have been trying to remove.
So, on the 19th, Andrew Brietbart dug up some video clips from an NAACP awards dinner in March where Shirley Sherrod, USDA Georgia Director of Rural Development gave a speech, edited them to remove any context, and posted them on his site Big Government in an attempt to prove a point. Using editied video to undermine your political opponents has exploded thanks to the advent of the YouTube era.
The quasi-government mortgage organizations of Fannie Mae and Freddie Mac have incurred a large chunk of the responsibility for the system that allowed for abuse by financial intuitions and lenders that created the housing bubble and the financial crisis. Unfortunately congress and the President let themselves get sidetracked with health care reform and very little has been done to prevent a reoccurrence.
But last Friday, the administration put out a report that laid out a plan for reforming the housing market. A plan that would include the eventual elimination of both Fannie Mae and Freddie Mac.