Sunday, December 7, 2008

The "Reregulation" Mantra

The liberals are using it to try and convince Americans that THEY did not CREATE the financial crisis with their 1976 law, passed by a liberal Congress and signed into law by a liberal president, to FORCE lenders to make loans that could not be repaid and promising them Fannie Mae and Freddie Mac would "bail them out," then "pulling the plug" on Fannie and Freddie just before the election to ensure the election of radical socialist Barack Obama. Now they want to fool the American people once again by blaming it all on IMAGINARY "deregulation." I'm still waiting for them to tell me what SPECIFIC deregulation caused the problem while also telling me why THEY obstructed 12 efforts by George Bush to stop their scheme? (The Atlasphere/John Stossel)

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