10.23.2008

Won't read this in the Washington Post!

Would the Last Honest Reporter Please Turn On the Lights?

Excerpt:

These are facts. This financial crisis was completely preventable. The party that blocked any attempt to prevent it was ... the Democratic Party. The party that tried to prevent it was ... the Republican Party.

Yet when Nancy Pelosi accused the Bush administration and Republican deregulation of causing the crisis, you in the press did not hold her to account for her lie. Instead, you criticized Republicans who took offense at this lie and refused to vote for the bailout!

What? It's not the liar, but the victims of the lie who are to blame?

Now let's follow the money ... right to the presidential candidate who is the number-two recipient of campaign contributions from Fannie Mae.

And after Freddie Raines, the CEO of Fannie Mae who made $90 million while running it into the ground, was fired for his incompetence, one presidential candidate's campaign actually consulted him for advice on housing.

If that presidential candidate had been John McCain, you would have called it a major scandal and we would be getting stories in your paper every day about how incompetent and corrupt he was.

But instead, that candidate was Barack Obama, and so you have buried this story, and when the McCain campaign dared to call Raines an "adviser" to the Obama campaign — because that campaign had sought his advice — you actually let Obama's people get away with accusing McCain of lying, merely because Raines wasn't listed as an official adviser to the Obama campaign.

...

a Congress-caused crisis, beginning during the Clinton administration


Comment: What the paper that broke Watergate won't tell you! Nor will the NYTimes, the Star Tribune ... etc.

1 comment:

  1. I don't think that our current economic crisis is so simple that it can be blamed on a single political party. Just today Alan Greenspan said that bad data entered into computer models caused our economic crisis. Did the Dem's enact some stupid legislation to put poor people into house they could not afford? Sure, that sounds like something they would do. Is that the cause of all our problems? I don't think it's that simple. Why does Warren Buffett endorse Barack Obama if that is the case?

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