Thursday, May 21, 2009

Honesty, From An Unlikely Source

The February 23 double issue of Time magazine contained an article by Nancy Gibbs titled "25 People to Blame: The good intentions, bad managers and greed behind the meltdown." In it, a "murderer's row" of 25 people (not surprisingly heavy on placing corporate blame, sometimes in the most ludicrous manner; Angelo Mozilo is listed for merely co-founding Countrywide in 1969!) whom the masses may sharpen their pitchforks and skewer in their rage over the recent housing meltdown.

But buried within the usual journalistic [sic] pablum is a heaping big admission - one of the primary souls responsible for the meltdown was Bill Clinton.

"[Bill Clinton] loosened housing rules, putting added pressure on banks to lend in low-income neighborhoods."

It has been repeatedly alleged on the sanctified pages of Obama Watch that Clinton and the Congressional Black Caucus (and their social-engineering fellowtravelers, like Barney Frank) are in fact primarily responsible for the housing meltdown.

Journalists are now officially catching up to the vaunted knowledge available on the blogosphere from conservative bloggers.

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