The Six Eager Democrats

This is my parody rendition of John Godfrey Saxes’ version of the famous Indian legend, “The Blind Men and the Elephant.”  I tried to mirror his piece as possible.  I thought his sarcasm was certainly appropriate for the bailout-frenzied world we live in. Now as Freddie Mac is in the process of becoming landlord for failing mortgages rather than foreclosing (we all believe the government can manage rentals…. Yeah… sure we… do…), I thought it was time to bring it back out again.  Thanks to Barney Frank we are all becoming one giant Chicago slum with Barack Obama as the slum lord.  Only Barney Frank could destroy the mortgage industry and come back with another bizarre plan to bury it with our tax dollars.

Six Eager Democrats
(An adaptation of The Blind Men and the Elephant)

It was six eager Democrats
To taxing much inclined
Who watched the Fall of Freddie Mac
(Though all of them were blind),
That each by observation
Might satisfy his mind,

For Barney first said Freddie Mac
Was far too strong to fall
We questioned him.  He Frankly lied
At once began to bawl
“Don’t question me!  For Freddie Mac
Is sturdy like a wall!”

Baracks’ campaign, nearing its’ dusk
Cried, “Ho! What have we here
With words we craft smooth and sharp?
For us “tis mighty clear
This wonderful dear Freddie Mac
Gives us the publics’ fear!”

Then Dodd approached amidst the pall
Denied He’s on the take
Sweetheart deals out of my hands
Thus boldly up and spake
“You see,” quoth he, “on Freddie Mac
I lie just like a snake!”

And Raines reached out his eager hand,
With mortgages for free.
“What most this wondrous beast is like
Is mighty plain,” quoth he,
“’Tis clear enough that Freddie Mac
Is my own Sugar Tree!”

Pelosi cried for all to hear
Said, “Let’s call the blindest man
Give me your lies, your biggest boast;
Deny the facts we can
About the Fall of Freddie Mac
And I’m your biggest fan!”

Then Reid no sooner had begun
About the beast to grope,
He fused and fumed, began to rail
That fell within his scope,
“I see,” quoth he, “that Freddie Mac
Will hang Bush like a rope!”

And so six eager Democrats
Blustered loud and long
Stating his own opinion
Exceeding stiff and strong
To place their party in the right
And all were in the wrong!


So oft in “lack logic” wars,
The disputants, I ween,
Rail on in utter ignorance
What consequence will mean,
To save the fall of Freddie Mac
Not one of them has seen!

2 comments on “The Six Eager Democrats

  1. The average time between foreclosure and placing a property on the market for JP Morgan Chase is 545 days, during which time the property declines in value. That is 18 months. No responsible bank would loan money to many mortgage applicants unless the mortgage is backed up by the American taxpayer. The industry calls these loans “NINJA loans”. NINJA means ” No Income, No Job or Assets”. As a nation, we are on the hook for all of these NINJA loans. The banks don’t care. To their credit, most credit unions know they are loaning the money deposited by their members. They don’t intentionally make bad loans. It’s only the mega-banks and the Fed that do this.

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