Day by Day

Monday, October 06, 2008

ABOUT FRIGGIN' TIME!

I don't need lessons about telling the truth to American people. And were I ever to need any improvement in that regard, I probably wouldn't seek advice from a Chicago politician.
Finally! Republicans have been too damn nice to the corrupt communists of the Left. It's about time McCain finally pulled out the knives that Obama has shoved in his back and started to return the blows.

This crisis started in our housing market in the form of subprime loans that were pushed on people who could not afford them. Bad mortgages were being backed by Fannie Mae and Freddie Mac, and it was only a matter of time before a contagion of unsustainable debt began to spread. This corruption was encouraged by Democrats in Congress, and abetted by Senator Obama.

Senator Obama has accused me of opposing regulation to avert this crisis. I guess he believes if a lie is big enough and repeated often enough it will be believed. But the truth is I was the one who called at the time for tighter restrictions on Fannie Mae and Freddie Mac that could have helped prevent this crisis from happening in the first place.

Senator Obama was silent on the regulation of Fannie Mae and Freddie Mac, and his Democratic allies in Congress opposed every effort to rein them in. As recently as September of last year he said that subprime loans had been, quote, "a good idea." Well, Senator Obama, that "good idea" has now plunged this country into the worst financial crisis since the Great Depression.

About damn time. We'll see if it's enough to pull ahead.

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