In today’s weekly address President Obama once again perpetuated the myth that our economic crisis started on Wall St. Instead of laying blame on the true culprits and working to eliminate the threat of the same thing happening again, by ending the bastardized hybrid institutions know as GSE’s (Fannie Mae and Freddie Mac) and holding Frank, Dodd, Cox and others accountable, the president takes the easy way out and blames faceless Wall St. and adds another layer of bureaucracy to the Federal Government which presumably answers to no one but him. A move that further exemplifies the fact that Barack Obama is a Unitary Executive Theorist who is modeling his administration and our government after early 19th century Progressivism!
Our post partisan president pushing his vast financial overhaul plan and warning critics “that he has no patience for debate from hard-line defenders of a system that has exploited bewildered consumers” :
So our president is either willfully ignorant, a liar, a partisan hack with an agenda, or all three. You may take your pick but mounting evidence is showing that D (all of the above) is most likely.
Putting aside the dismissal of critics for now the here are two videos that show just how wrong the president is on this issue.
This video which by now most have seen is a brilliant analysis of how we got into this mess and who is responsible:
The next video is a time line ( I don’t expect liberals, or the president for that matter, to accept this video as it’s from Fox News and somehow truthful reporting from Fox News supported by independent reports and findings are still lies (liberals are children that way)
If the president wants more regulation, and we all know he does, then he should be intellectually honest enough to go after or regulate the right culprit or culprits. If he’s not willing to get rid of Fanny and Freddie then his vast financial overhaul plan should be narrowed to focused on regulating the GSE’s and not creating yet another regulatory bureaucracy who’s job would no doubt be to interfere or interject Government and Politicians into the private sector.




