Sep 18 2008
Democrat Crash-And-Burn Roundup
Follow the links for everything you needed to know about the hare brained Democrat Fannie Mae/Freddie Mac disaster.
- Hot Air » Blog Archive » McCain’s attempt to fix Fannie Mae, Freddie Mac in 2005; Update: Obama can’t get AIG right
- Megan McArdle (September 17, 2008) - Honestly, the other guy is the worst candidate ever!
- Megan McArdle (September 16, 2008) - What should Bush have done
- Classical Values :: The Best Congress Fannie Could Buy
- Marginal Revolution: What was the problem with financial regulation?
- Hot Air » Blog Archive » Biden’s WPA
- FOXNews.com - John R. Lott Jr.: Financial Markets Are in a Mess - Opinion
- Hot Air » Blog Archive » Whose policies led to the credit crisis?
- IBDeditorials.com: Editorials, Political Cartoons, and Polls from Investor’s Business Daily — The Real Culprits In This Meltdown
Guess which Presidential candidate saw this coming three years ago and tried to do something about it. Which candidate’s economic adviser is up to his neck in the collapse? And guess which party blocked the reform? And remember all that crap about “predatory lenders” a few months back? Complete BS.
And the do nothing Democrat Congress has decided to deal with this by — wait for it! — doing nothing.
One response so far
Hey, Congress refusing to panic-interfere in a crisis is a reason for celebration! Nothing they could enact on such short notice would be productive or helpful. It’s a classic demonstration of the Taoist maxim: don’t just do something, stand there.
Of course, such behaviour will further enrage those true-believers who still cling to the notion of government as God, and congressmen as the repository of all wisdom and knowledge. But those guys are usually perma-raged, anyways.
Everybody’s worried and cautious, which is a good, conservative mind-set. If I thought the crisis might bring out the New Democrat hidden deep in the soul of Barrack Obama, I’d be delerious. I am, after all, nominally a Democrat. We’ll see if such a beast exists in the unknown centre of the Glorious Mirrorball. I haven’t seen any such evidence as of yet.