President Obama was out campaigning in VA and threw out a whopper:
“I expect to be held responsible,” Obama said. “But I don’t want the folks who created the mess to do a lot of talking. I want them to get out of the way so we can clean up the mess. I don’t mind cleaning up after them, but don’t do a lot of talking.”
Of course I know that this is typical. Leftists will always pretend that history started yesterday. One has to ask the question as to why Freddie and Fannie gave so much money to politicians like Barney Frank and Chris Dodd and, yes, Barry Obama. Could it be that it was a quid quo pro?
It is certainly hard to hold the president as accountable for the sub-prime crisis as insiders like Dodd and Frank, after all he has not had as much time on the job given his meteoric, media-assisted rise from dog catcher to president. But all of those guys were at the wheel as Freddie and Fannie required more and more sub-prime loans, creating the market that ultimately collapsed. The idea that the republicans created this banking crisis is absolute fiction.
But do you think that Obama’s sycophant Charlie Gibson will report that?