I think it is amazing that everyone is pointing at President Bush and his ‘failed economic policies’ as the big cause of our economic collapse this past year. When someone mentions that perhaps people like Chris Dodd and Barney Frank might just have something to do with it, the left wing rises up in a fury to both distort and mislead. The Democrat Caucus pulls its head into its shell until the event passes or screams from its pulpit until people are deaf to it all.
Well, now that the New York Times has decided to poignantly slam President Bush and blame his economic policy in an 5,000 word front-page essay, we have enough information to expose this extremely biased paper. What we have is a paper that quickly forgets what its own people reported several years ago.
Not sure what I am speaking about? Sit down, buckle up and pay attention.
On September 30th, 1999 the paper reported that "Fannie Mae, the nation’s biggest underwriter of home mortgages, has been under increasing pressure from the Clinton Administration to expand mortgage loans among low and moderate income people and felt pressure from stock holders to maintain its phenomenal growth in profits…
…In moving even tentatively, into this new area of lending, Fannie Mae is taking on significantly more risk, which may not pose any difficulties during flush economic times. But the government subsidized corporation may run into trouble in an economic downturn, prompting a government rescue similar to that of the savings and loan industry of the 1980’s."
And now, in 2008, the NYT takes aim at President Bush, saying "His housing policies and hands-off approach to regulation encouraged lax lending standards…
…He pushed hard to expand home ownership, especially amongst minorities, an initiative that dovetailed with his desire to expand the Republican tent- and with the business interests of some of his biggest donors."
Why did the NYT forget about their own reporting? Why did they forget that they criticized President Clinton for pushing the very things they now blame Bush for? In fact, the new report only mentions the former president (Clinton) in passing. I suspect that the Times is trying to leech onto the Obama wave and draw in some more of the Bush-hating crowd (isn’t that the majority of their readership anyway?)
No one will care, though, which is what is so sad. MSNBC, NBC, CBS, CNN, et al. Where are they in reporting this obvious bias? Why is it only on FOX News- which is so blatantly right-wing propaganda driven that no one in his right mind would listen- that one can even find mention of this?
Well, I am passing it along to all who will listen. It needs to be told. The problems started long ago. The problems were inherited by the Bush Administration. Yes, I hold them accountable as well, but not to blame. Those to blame are in congress and in the Fed. Dispose of them all so we can start anew, and I am sure will find the ‘change’ we can believe in.
The revolution is at hand. Will you be a leader or a follower?