Tuesday, February 10, 2009

The truth is out there - and the proof is HERE!

I am sure you all remember during last year's campaign how President Bush became the convenient scapegoat for all the financial troubles that face America today? Even today, as President Obama goes campaigning for support for the current "stimulus" (ooops I mean "investment") package, President Bush and the Republicans are continuously being held up as the villains.

Those of you paying attention - and with long memories - will know that the Democrats, including those who voted 'present' at times of crucial votes more often than not, should be admitting their responsibility for their role in the present day debacles. But, no! Today's politicians are hoping that the American public will be so swept along in the urgency of the need to pass all 770+ pages in the bailout, bamboozled by the 'fog of debt' swirling across the land, that they will not call these Democrats to account.

Fear not! One of my intrepid readers sent me a YouTube just prior to Christmas that clearly shows the timeline of the current mess. This is a video that the Democrats and their complicit msm would rather you didn't see. I quote:

This video shows that George Bush tried to warn Congress in 2002 that this economic crisis was coming if something was not done but congress refused to listen, along with Barney Franks. This video says it all.

Also, the AMERICAN media did not want this video on You Tube, so they had Time Warner threaten a law suit (proprietary rights) if it was not taken off.

This link is of the same video but is routed through Canada. Everyone in America needs to see this!

At the link (here), the blurb says:

The Bush Admin and Senator McCain warned repeatedly about Fanny Mae and Freddy Mac and what thus became the 2008 financial crisis -- starting in 2002 (and actually even earlier -- in the Clinton and Carter White Houses. Democrats resisted and kept to their party line, extending loans to people who couldn't afford them -- just like you would expect of socialists. See our web site for more.
-- http://www.ProudToBeCanadian.ca
-- http://www.proudtobecanadian.ca/blog/...

These facts were successfully ignored, and in some cases buried, by those determined to entrench the Democrats in The White House. Even as the msm in America chose to be incompetent in putting these facts before the voting public, a very few writers proved that they had not swallowed the mirage hook, link and sinker.

One I found in The Atlantic recognised and named the 'Blame Bush' campaign for what it was:

Obama goes for the jugular

15 Sep 2008 05:49 pm

Obama is seeking to blame the current crisis on the Bush Administration:

I certainly don't fault Senator McCain for these problems, but I do fault the economic philosophy he subscribes to. It's a philosophy we've had for the last eight years - one that says we should give more and more to those with the most and hope that prosperity trickles down to everyone else. It's a philosophy that says even common-sense regulations are unnecessary and unwise, and one that says we should just stick our heads in the sand and ignore economic problems until they spiral into crises.

Well now, instead of prosperity trickling down, the pain has trickled up - from the struggles of hardworking Americans on Main Street to the largest firms of Wall Street.

This country can't afford another four years of this failed philosophy. For years, I have consistently called for modernizing the rules of the road to suit a 21st century market - rules that would protect American investors and consumers. And I've called for policies that grow our economy and our middle-class together. That is the change I am calling for in this campaign, and that is the change I will bring as President.

This is high-test hooey. This was not some criminal activity that the Bush administration should have been investigating more thoroughly; it was a thorough, massive, systemic mispricing of the risk attendant on lending to people with bad credit. (These are, mind you, the same people that five years ago the Democrats wanted to help enjoy the many booms of homeownership.) Lehman, Bear, Merrill and so forth did not sneakily lend these people money in the hope of putting one over on the American taxpayer while ruining their shareholders and getting the senior executives fired. They got it wrong. Badly wrong. So did everyone else.

What, specifically, should the Bush administration have done, Senator?...

You know there is more, and you can find it here. You'll have to ignore their huge typo in their header, which I corrected for this post! But nonetheless it is worth a read.

All well and good for President Obama to ride in on his white charger as Mr Fixit come to save America from the eight years of "failed philosophy." Fact is, as this video clearly proves, the Republicans were calling for brakes to be applied loooooong before 2008. But, thwarted by the Democrats, we now see a debt load - and its touted 'solution' - spiraling obscenely out of control.

The truth IS out there. Pay attention, and maybe watch the above YouTube a few times, commit the facts to memory, before this version is also yanked, (pun intended!)

H/T #2 fan!

1 comment:

yankeemom said...

But brat - that's the Wrong truth, you see. If Obama says HIS truth enough times, and the media reports HIS truth as The Truth, it becomes everyone's truth.
Alinsky and Stalin said so.