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Misinformation gone wild
Posted by Doughboy on Jul 16th, 2009
2009
Jul 16
I just sent this email out to about 100 folks. I shall post it because not only is it important, but I think it’ll be something we “donnybrookers” might agree upon?:
On this the 219th anniversary of Washington DC’s founding, how many of your friends have told you that the housing crisis was caused by “deregulation” from the Bush Administration?
Personally, just about ALL of mine have uttered that cliche. And, no surprise, it’s 100% wrong, and the truth is basically the opposite.
Bush repeatedly warned Chris Dodd, Barney Frank and the Dems to regulate, reform and reconsider Fannie and Freddie. This is on record from 2002-2008.
In response, these Democrats said he was “ill-advised” and signed petitions opposing him. Bush’s accurate requests were repeatedly ignored or outright rejected by House “leader” Barney Frank and Senate “leader” Chris Dodd, who then, after realizing they were the main culprits in the disaster (read any of their quotes on the matter from 2006-2008, all of which were proven incorrect), blamed “right wing Republicans” and any CEO (often Republicans) they could drag onto national TV and pester before a gullible audience.
And only Fox News and Maria Bartiromo (CNBC) ever challenged them. They had no answers then either, other than more misguided blame and irresponsibility.
Fannie and Freddie’s bailouts cost us taxpayers more than the bailouts of Bank of America, CitiGroup, JP Morgan, Chase and Wells Fargo combined.
As we so often realize now, Bush was right and they were wrong. He’s a far more mature and kind man than I, so he would never rub it in their faces like I will.
I’d link articles and books, but most won’t read, so do a search if you’d like. It’s all there — on You Tube; in Dr. Sowell’s new book I just finished; in various Jeff Jacoby columns. and many others.
I write all because I simply tire of the moral relativism, mostly from the left, as the right is confident in whom to blame. Why worry when facts are on your side?
This whole political era is so obvious who’s right and wrong — on the war, economy, social issues, the environement, Israel (check this out), etc — that it’s not worth my time.
Without brainwashing factories (aka schools, especially Ivy League) and the media, the Democrat Party would cease to exist…as should have been the case after Republicans finally freed the slaves from Democrats in 1865.
That way, we’d never have heard of the KKK, segregation, Jim Crow, Bull Connor, Al Gore Sr. or Jr., Jesse Jackson/Al Sharpton, LBJ, welfare, affirmative action, urban corruption, “post-modernism,” the ACLU, the Clintons, Howard Dean, John Edwards, Barbara Boxer, George Soros, Sandra Sotomayor, John Kerry, Joe Biden, Eric Holder, Barack Hussein Obama or other heinous programs (socialized health care) and non-existent distractions (“global warming”) that have destroyed the black community, put Israel in peril and divided America just like slavery once did.
