What You Really Voted For

“Early in the year, the economy seemed to be gathering momentum. In February, it added 220,000 jobs. In March, it added 246,000 jobs. In April, 251,000 jobs. But as markets began to take the Republican threats on the debt ceiling more seriously, the economy sputtered. Between May and August, the nation never added more than 100,000 jobs a month. And then, in September, the month after the debt ceiling was resolved, the economy sped back up and added more than 200,000 jobs.”

“Even as Countrywide’s CEO Mozilo mocked Fannie Mae and top executives for its crony capitalism business model, he would nonetheless personally intercede to ensure executives had access to discounted Countrywide loans,” Issa said in his statement. “These relationships helped Mozilo increase his own company’s profits while dumping the risk of bad loans on taxpayers.”