For every ten Democrats I have heard baldly blame the Republicans for the subprime crisis, and for every Democrat I have heard speak against McCain's presence in the negotiations, I have heard maybe one Republican speak to the contrary. Some of the worst was last night, listening to CNN, listening to Paul Begala heap scorn on Republicans for the subprime crisis while the token Republican on the panel remained silent in the face of complete falsehoods. Further, I just listened to Harry Reid and Chris Dodd - two people up to their eyes in direct responsiblity for this subprime crisis - hold a news conference giving their CYF (Cover Your Fannie) story on all of this, including with blame for McCain, with no corresponding attempt by Republicans to respond in kind.
The Republicans are pristine in comparison to Democrats as regards the subprime crisis that has brought our economy to the brink of depression. Republicans also have good reason to revolt against Democrats - and their enablers such as Tennessee Senator Bob Corker - who have turned this bailout not into protection for consumers, but into a continuing funding resolution for the most corrupt of Democratic progressive advocacy organizations. For Republicans to cede the narrative on this is the height of incompetence. Unless and until they become absolutely vociferous in getting out their message, the left will ever increase their stanglehold on America, much to America's detriment.
Other posts related to Subprime Crisis (from oldest to newest):
McCain, The Fannie and Freddie Crisis, and Obamafuscation - Obama and the entire Democratic Party are trying to blame Republicans for the subprime crisis. But this crisis was created by Bill Clinton and protected against Republican efforts to reign it in over a decade – until it failed, nearly pulling out entire economic system into a depression.
A Washington Post Front Page Hack Job - The Washington Post does a hit job on McCain, grossly distorting his record on regulatory matters and ignoring his cosponsoring of legislation to establish much stronger regulation of Fannie Mae and Freddie Mac.
Dodging a Depression - The NYT and WSJ document just how serious is the subprime crisis. Quite literally it brought us to the point of a complete and catastrophic stoppage of our financial systems as institutions lost confidence in their fellow institutions. This was not a stock market crash, it was a lending and credit crash. The WSJ describes the events of the week leading up to the crisis point.
Obama & The "Family" Of Fannie Mae - Documenting Obama’s relationship to Fannie Mae.
The Origins – And Foreseeability – Of the Subprime Crisis - A 1999 article in the NYT describes the Clinton Administration forcing subprime loans onto America and also forecasts that this will create a house of cards that will fall apart in a down market.
Covering The Left’s Fannie - The NYT tries to play up old ties of a McCain campaign worker with Fannie Mae while minimizing the fact that McCain himself, in 2005, co-sponsored legislation that may well have prevented the fiscal crisis we are in now.
The Left’s Subprime Meltdown - A post by the Anchoress discusses this subprime crisis as a creation of the left and a system that was protected to the end by the left. She adds additional sites, quotes and links to explain the mosaic.
Fannie & Freddie, McCain & Obama, Subprime & Wall St.The WSJ discusses both how the subprime loan market came about and how Democrats, including Obama, were both the cause of the problem and the roadblock to a solution that would have averted this catastrophe. Dafydd at Big Lizard's explains how Mortgage Backed Securities worked on Wall Street.
A Doddering Fool & Charlatan - Chris Dodd is up to his ears in the subprime crisis. With our economy teetering on an actual depression due to the Fannie/Freddie/subprime loan crisis, it was not merely surreal to watch Senator Chris Dodd chair an emergency hearing of the Senate Banking Committee to evaluate the Treasury's proposed rescue plan, it was obscene.
Finally – Oversight - The FBI has finally announced criminal investigations at Fannie and Freddie.
When Will They File As A 527 – The NYT continues its wholly biased reporting on the subprime crisis, refusing to report on the genesis of the crisis and instead, reporting on the relationship between Fannie Mae and Rick Davis of McCain’s campaign team.
McCain The Chessmaster - Opining on the potential risks and rewards of McCain's decision to cancel campaigning, return to Washington to take part in negotiations over a response to the subprime crisis, and tentatively cancel the Friday debate.
The President Addresses The Nation - Bush explains the stakes involved for America with the subprime crisis.
McCain The Chessmaster Part II - McCain was responding to a 3 a.m. phone call in returning to Washington. He is given political cover and support by Bill Clinton.
A Spotlight On The Left's Subprime Crisis - A video summary of the origins of the subprime crisis with lots of footage of Rep. Barney Frank and others protecting Fannie Mae from regulation by the Bush Administration and McCain.
WaMu Swallowed Up In The Left's Subprime Swamp - Washington Mutual goes under because of toxic mortgage debt.
Great Moments In Leadership - Obama phones it in on the subprime crisis.
The "No Deal" - McCain Responds - The left is blaiming McCain for failure of a deal on the subprime crisis. McCain answers in a memo.
Dodd, ACORN, and the Penultimate Screwing of the Taxpayers - The left, the people responsible for the subprime crisis, proposed a deal that would have used the return on rehabilitated investments not for the benefit of taxpayers but to fund progressive advocacy organizations that are fundamentally corrupt.
Krauthammer On The Subprime Crisis: Time For A Return To Public Executions - America is livid over this fiscal crisis and wants a pound of flesh to satiate its cravings before beginning the job of putting our financial house back in order. Krauthammer things we should give it to them and suggests a return to the auto de fe, this time as a reality show.