Setting the record straight

October 3, 2008

The Democrats are desperately trying to spin the recent financial crisis as a result of the evil of deregulation — after all, free markets are bad things. Obama has made it a centerpiece of his critique of the crisis and of McCain.

Truth is, that’s a ridiculous argument that tries to rewrite the recent past. Even Bill Clinton, who was there at the time, says the attack on deregulation is a bunch of manure.

Now, finally, the Republicans are organizing a counterattack. This video from the National Republican Congressional Committee makes it clear who bears the burden for blocking reform of Fannie and Freddie in time to avert a crisis: the Democrats.

 

The video comes from House Republicans, so it shines a light on House Democrats, most especially on Congressman Barney Frank, who may have a serious conflict of interest problem involving Fannie and a former lover. But Democratic senators were also blocking reform and were well-rewarded for it. Chris Dodd (in charge of the banking committee and thus responsible for oversight) received over $133,000 from Fannie and Freddie. John Kerry got $111,000. And Barack Obama, in under four years, took in $105,000.

Republicans bear some of the blame — after all, they benefited from the booming housing market, too. Only a few voices on their side called for reform. But at least they tried. Democrats not only refused to admit there was a problem, they actively blocked reform. An agenda of social engineering to increase home ownership among those who couldn’t afford a home under sound lending practices was more important to them than the fiscal health of the United States. Their party’s electoral interests –keeping the credit tap flowing and reaping a harvest of grateful voters– came before the national interest.

Kind of like their policies toward Iraq, now that I think of it. Thinking

The Democrats have to be held accountable for the fiasco they did so much to create. This video is a good start, let’s see more. And let’s hope John McCain decides bipartisan comity has reached its limit and a little straight-talk is in order.

LINKS: Hot Air (here, too), Exurban League, The Jawa Report, Sister Toldjah.

 


I admit it, I’m weak.

October 3, 2008

Though I said I wouldn’t watch the debate last night, I did. Blushing

It was fascinating. Even for an experienced pro, Palin’s performance would be one to admire. But for a neophyte at the national level, and especially on foreign policy? She was dynamite. At times, I believe Joe was laughing to himself, quietly admitting "Yeah, you got me on that one." This should forever lay to rest (except in the fever swamps of the Left) the idea that she’s a lightweight, an airhead, or a drag on the ticket. Far from it: she clearly learned the material and handled herself deftly, sticking the knife in with a smile.

If McCain doesn’t keep her on the road, on talk-radio, and on TV from now until election day, he deserves to lose. Palin is his best weapon.

Joe, on the other hand, gave a better performance that I thought he would, mostly sounding confident without being condescending. Just don’t look to carefully at the facts behind some of his weird assertions.

As of last night, this race is back on. Dancing

PS. After criticizing moderator Gwen Ifill severely for conflicts of interest, I’m happy to say that she did a creditable job last night.

 

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