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 subprime mortgage loans, which are at the heart of today's financial crisis.
Alan Greenspan warned them four years ago. So did the Chairman of the Council of Economic Advisers to the President. So did Bush's Secretary of the Treasury, five years ago.
Yet, today, what are we hearing? That it was the Bush administration "right-wing ideology" of "de-regulation" that set the stage for the financial crisis. Do facts matter?
Next he shows how the reporters are uninterested in presenting these facts. Our press is content to let Democrats play them like a lying, liberal accordion, wheezing out the same tired refrains. Worse, the GOP is too cowardly or too stupid to fight back.
Facts don't matter much politically if they are not reported.
The media alone are not alone in keeping the facts from the public. Republicans, for reasons unknown, don't seem to know what it is to counter-attack. They deserve to lose.
But the country does not deserve to be put in the hands of a glib and cocky know-it-all, who has accomplished absolutely nothing beyond the advancement of his own career with rhetoric, and who has for years allied himself with a succession of people who have openly expressed their hatred of America.
Go read Dr. Sowell's entire commentary here.
http://www.realclearpolitics.com/articles/2008/10/do_facts_matter.html
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