This is a copy of a letter from 2004 House Democrats and sent to then-President George W Bush. In it, the signatories complained that the administration had taken a hard line with ‘housing-related government sponsored enterprises’ (GSEs) such as Fannie Mae and Freddie Mac by insisting on emphasizing fiscal prudence and responsible lending over increased affordable housing access. The relevant section?

We have been concerned that the Administration’s legislative proposal regarding the GSEs would weaken affordable housing performance by the GSEs, by emphasizing only safety and soundness. While the GSEs’ affordable housing mission is not in any way incompatible with their safety and soundness, an exclusive focus on safety and soundness is likely to come, in practice, at the expense of affordable housing.

Needless to say, this letter more or less completely subverts the narrative – lovingly created during the 2008 campaign, and kept up ever since – that the entire housing meltdown was really the (racist) Republicans’ fault.  Barney Frank is particularly outrageous, here: he’s gone from being Freddie Mac’s most devoted patron to calling for its dissolution without once explaining (or apologizing for) his own role in the mess.  Which is a strategy that worked fine in 2008; but it isn’t 2008 anymore.

Several additional thoughts on the matter:

  1. I think that we have established by now that the unprincipled expansion of Fannie Mae and Freddie Mac – fueled by Democrats (including Maxine Waters, who is under investigation right now for using TARP money to bail out her husband’s residential loan-happy bank), by the way – is incompatible with promoting ‘safety and soundness’.
  2. I’m pretty sure that having our GSEs in a state of perpetual bailout is doing even more to hurt access to affordable housing.
  3. The signatories of the letter are, to the best of my knowledge, either all still in Congress or have had their seats taken by another Democrat.  This should be repaired: there is a list below.

Moe Lane

Hypocrite
District
2010 GOP Candidate
Website

Artur Davis
AL-07
Don Chamberlain
www.donchamberlain.me/

Mike Ross
AR-04
Beth Anne Rankin
http://www.bethannerankinforcongress.com/

Raul M. Grijalva
AZ-07
Ruth McClung
www.ruth4az.com/

George Miller
CA-07
Rick Tubbs
www.ricktubbs4congress.com/

Barbara Lee
CA-09
Gerald Hashimoto
www.geraldforcongress.com/

Anna Eshoo
CA-14
Dave Chapman
www.davechapmanforcongress.com/

Michael M. Honda
CA-15
Scott Kirkland
http://www.kirkland2010.com/

Sam Farr
CA-17
Jeff Taylor
www.taylor4congress.com/site/

Brad Sherman
CA-27
Mark Reed
www.markreedforcongress.com/

Maxine Waters
CA-29
John P. Colbert
www.johncolbertforcongress.com/

Lucille Roybal-Allard
CA-34
Wayne Miller
www.waynemiller34th.com/

Nancy Pelosi
CA-8
John Dennis
www.johndennis2010.com/

John Lewis
GA-05
Fenn Little
www.fennlittle.com

Jim Marshall
GA-08
Austin Scott
http://www.scottforga.com/

David Scott
GA-13
Mike Crane
www.craneforcongress.com/

Sanford D. Bishop
GA-2
Mike Keown
www.mikekeown.com/

Luis V. Gutierrez
IL-04
Israel Vasquez
www.israel2congress.com/index.html

Danny Davis
IL-07
Mark Weiman
www.weiman2010.com/

Dennis Mooore
KS-03
Kevin Yoder
www.yoderforcongress.com/

John Olver
MA-01
Bill Gunn
http://www.billgunnforcongress.org/

Richard E. Neal
MA-02
TBD

James McGovern
MA-03
Brian Herr
www.brianherr.com/

Barney Frank
MA-04
Sean Bielat
www.seanbielat.org/

Martin Meehan
MA-05
TBD

John F. Tierney
MA-06
Bill Hudak
www.hudakforcongress.com/

Michael Capuano
MA-08
None

Stephen Lynch
MA-09
TBD

William D Delahunt
MA-10
TBD

Steny Hoyer
MD-05
Charles Lollar
www.lollarforcongress.com/index.php/home /

Sander M. Levin
MI-12
Don Volaric
www.volaricforcongress.com

John Dingell
MI-15
Robert Steele
www.robsteeleforcongress.com/

Betty McCollum
MN-04
Teresa Collett
www.collettforcongress.com/

Lacy Clay
MO-01
Robyn Hamlin
http://www.hamlinforcongress.com/

Bennie Thompson
MS-02
Bill Marcy
www.billmarcyforcongress.com/

Bob Etheridge
NC-02
Renee Ellmers
www.reneeforcongress.com/

David E. Price
NC-04
B.J. Lawson
http://www.lawsonforcongress.com/

Melvin Watt
NC-12
Greg Dority
www.gregdorityforcongress.com/

Brad Miller
NC-13
William A. Randall
www.randallforcongress.com/

Donald M Payne
NJ-10
Michael Alonso
www.michaeljalonso.com

Robert Menedenz
NJ-13
Henrietta Dwyer
http://www.dwyer4congress.com/

Steve Israel
NY-02
John Gomez
www.gomez2010.com/default/index.cfm

Carolyn McCarthy
NY-04
Frank Scaturro
www.frankscaturro.com/

Gary Ackerman
NY-05
TBD

Gergory Meeks
NY-06
Asher Taub
www.taubforcongress.com

Joseph Crowley
NY-07
TBD

Edolphus Towns
NY-10
TBD

Carolyn Maloney
NY-14
TBD

Charles Rangel
NY-15
Michel Faulkner
www.faulknerforcongress.com/

Joe Baca
NY-23
TBD

Marcy Kaptur
OH-09
Rich Iott
www.voteiott.com/

Earl Blumenauer
OR-03
Delia Lopez
www.dlopezforcongress.com/

Robert A. Brady
PA-01
Pia Varma
www.votepia.com

Chaka Fattah
PA-02
Rick Hellberg
www.rickhellberg.mypoliticalsite.com/

Paul E. Kanjorksi
PA-11
Lou Barletta
www.loubarletta.com/

Patrick Kennedy
RI-01
John Loughlin
www.johnloughlin.org

James Langevin
RI-02
Bill Clegg
www.billcleggforcongress.com/index.php

Ruben Hinojosa
TX-15
Eddie Zamora
www.elect-eddiezamora.com/

Charles  A. Gonzalez
TX-20
Clayton Trotter
www.trotterforcongress.com/

Chris Bell
TX-25
Donna Campbell
http://www.drdonnaforcongress.com/

Robert C Scott
VA-03
Chuck Smith
www.chucksmith2010.com/

James P. Moran
VA-08
J. Patrick Murray
www.murray4congress.com/

Jay Inslee
WA-01
James Watkins
www.watkinsforcongress.com/

Jim McDermott
WA-07
None

Nick Rahall
WV-03
Elliott ‘Spike’ Maynard
http://www.ilikespike.org/

Crossposted to Moe Lane.