drieuxster (drieuxster) wrote,

ParTee LoyalTee is more ImporanTee than RealiTea.

Besides, who really drinks RealiTea?
So I was listening to Arnold Schwarzenegger before doing the "This Weak" round table, and he was mostly making sense — except for one thing. He asserted, as a simple matter of fact, that “government created the housing bubble”, because Fannie and Freddie made all these loans to people who couldn’t afford to pay them.

This is utterly false. Fannie/Freddie did some bad things, and did, it turns out, get to some extent into subprime. But thanks to the accounting scandals, they were actually withdrawing from the market during the height of the housing bubble — the vast majority of the loans now going bad came from the private sector.

Yet it’s now clear that the phony account of the crisis — that it’s all due to Fannie, Freddie, and nasty liberals forcing poor Angelo Mozilo to make loans to Those People — is setting in as Republican orthodoxy, part of what you have to believe to be a respectable member of the party.

[ cf Republicans Dive Deeper into Fantasy ]
NOW more than ever, americans must support the President to support the Troops, and the Countr-Coup to RESCUE our white Christian America, from, well, those types....

{ either that, or we should reconsider allowing KennedyBoyToys to talk outside of their scope of awareness... }

{ hum... what if the Myth of The Triumphalist Free Trade In Free Markets, is, well, problematic, and not just on the GOP side of the line???

And that there are also democrats, who have the lust for their Zel Miller Laser Death Ray Eye Kit, based upon a Corrected History of what thing would have been like, if they had actually unfolded in the way that they would have unfolded along the line of the KORREKT Marxist-Lenninist-YouIdeologyHere-MiltonFriedManHayakian version of what economics was suppose to be like... }
Tags: economics, generic_fear

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