Do Facts Matter?

Obama has gotten a big push from the "economic crisis," which makes me wonder: how stupid are Americans? It was Obama's party that CREATED the crisis, and which BLOCKED any "oversight" or regulation, saying, "There's nothing wrong with Fannie Mae of Freddie Mac." Since we now know they were lying through their teeth, why IS it that this "Crisis" has resulted in a "bump" for Obama? "Do facts matter? Or is Obama’s rhetoric and the media’s spin enough to make facts irrelevant? Fact Number One: It was liberal Democrats, led by Senator Christopher Dodd and Congressman Barney Frank, who for years--including the present year--denied that Fannie Mae and Freddie Mac were taking big risks that could lead to a financial crisis. It was Senator Dodd, Congressman Frank and other liberal Democrats who for years refused requests from the Bush administration to set up an agency to regulate Fannie Mae and Freddie Mac. It was liberal Democrats, again led by Dodd and Frank, who for years pushed for Fannie Mae and Freddie Mac to go even further in promoting sub prime mortgage loans, which are at the heart of today’s financial crisis." They were warned, by (Fed Chairman) Alan Greenspan and many others in the Republican administration, but they weren't listening until the "bottom dropped out" and it could no longer be ignored. And Obama is now LEADING because of it? Gimme a break! Read this article by a REAL economist, who DOES know the truth. (Thomas Sowell)