Bush Called For Reform of Fannie Mae

& Freddie Mac 17 Times in 2008 Alone... Dems Ignored Warnings

by Gateway Pundit - September 21st, 2008 - gatewaypundit.blogspot.com

In 2005-- Senator John McCain partnered with three other Senate Republicans to reform the government’s involvement in lending.
Democrats blocked this reform, too.

Bloggers continue to provide proof that Democrats own this crisis. This is a great series of links to the proof. The MSM is refusing to even cover the historical record where Bush, and McCain have repeatedly predicted this fiscal crisis in home financing. Of course, due to bias, they swallow the Democrat line that Bush "presided" over the failure and that therefore it is his fault. The next line in their lie is that McCain is a Republican so of course he too is at fault.

You should not buy this deceit. The Democrats own this crisis. They legislated the loopholes that allowed it to exist. Former Democrat politicians manage these GSE (government sponsored entity) organizations, in a revolving door system of corruption. They knowingly hid hug losses to cover up the growing crisis. Democrats blocked all attempts to fix the regulatory scandal before it became a crisis. And now Democrats are blaming the people who tried repeatedly to stop the crisis before it occurred. Bias of the press means it is almost impossible to get honest news about this crisis.

Thankfully the blogs mean you no longer have to depend on Democrat stooges in the MSM to give you the facts.