Your TV Will Be A Credibility Free Zone @ 9PM EST Tonight
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Bush will be addressing the nation about the financial crisis he and his party fiddled through. You see, if the president hadn’t spent the last eight years lying to us about everything under the sun, he would have the kind of political capital more succesful presidents do. The problem with the hype from the White House on this is that the president is no longer credible. This is a major side effect of having a chief executive who has told half of the country to go screw themselves issue after issue. This is what happens when the president puts party over country.
This believability deficit is the legacy of the Bush regime.
22 Responses to “Your TV Will Be A Credibility Free Zone @ 9PM EST Tonight”
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© 2000-2011 Oliver Willis
“These two entities—Fannie Mae and Freddie Mac—are not facing any kind of financial crisis. The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing.”
– Barney Frank
Would someone remind me again which party Frank belongs to?
Well, there has been a bit of a vermin problem in my neighborhood–(start of semester parties and garbage a little bit too much in evidence.) Maybe if all the neighbors turn their televisions on at 9 the rats will run toward the light of the Mothership Bush—and we can scoop ‘em up and send them all back to Crawford with him.
JWG, don’t waste your time. The speed at which Oliver is posting these entries reveals he knows that the Democrats are neck deep in this problem and he doesn’t want to acknowledge it. As others have been saying, if Democrats could pin this on a Republican, they would have been screaming bloody murder for hearings and rejecting any bailout right up front.
But they know that guys like Barney Frank, Chris Dodd, Barack Obama, Bill Clinton and many other Democrats are at the heart of this problem with their insistence that lending institutions give loans to people that otherwise wouldn’t qualify for conventional mortgages and for years blocking reforms that the Bush administration and other Republicans have proposed to clean up the mess that is Fannie Mae and Freddie Mac.
Well, that sure matters in the slightest. Oops, wait, no it doesn’t, this is still a Republican catastrophe and no amount of dumbasses from the other, non-in-power* party will change that.
*houses notwithstanding, and a) only for less than two years, after most of the damage had been done and b) as if the Democratic congress has done a god damned thing Bush and the GOP didn’t want them to anyway
Thanks for the reminder. I’ll be sure to tune in so I can make fun of him.
And to Jay: obviously you don’t agree with this blog – I have seen you argue with other posts – so why do you keep coming here? Go read a blog that you are more agreeable to if you are just going to argue every point that willis makes. Seriously. Stop antagonizing.
Right Jay if we’d only lined up those poor people and put a bullet in their heads this never would’ve happened
Oh, and any bets how long into it before Bush claims the terrorists will attack if it’s not rammed through?
“But they know that guys like Barney Frank, Chris Dodd, Barack Obama, Bill Clinton and many other Democrats are at the heart of this problem with their insistence that lending institutions give loans to people that otherwise wouldn’t qualify for conventional mortgages and for years blocking reforms that the Bush administration and other Republicans have proposed to clean up the mess that is Fannie Mae and Freddie Mac.”
Right, cause all those I-banks and lending institutions, which are quite cozy with Bush & Co., did not make any money off the housing bubble.
With this congress’ track record, I doubt he’ll get that desperate.
Dear J&J: please pull your heads out of your butts. I know you’ve settled on your talking point for this issue (“Barney Frank! Democrats did it!!”) but you know and we know that this $700 billion is not going to Fannie and Freddie. It will be going to Wall Street investment houses, some of whom are not even financially troubled at the moment, to “shore up the market”. Lehman does not offer mortgages. Morgan Stanley does not offer mortgages. Why do these ultra-rich finance houses need help? Because the genius Wizards of Capitalism whose authority we peons are not permitted to question decided it was time to play lottery and gin up all sorts of bizarro investment products like Collateralized Debt Obligations, packaging various mortgages other people offered with other securities, playing a little three-card-monte, and convincing everyone who would listen that they had a license to print money.
Now we are going to have Pres. 28%, whose party fought tooth and nail against giving working Americans even a dime’s increase in the minimum wage, telling those same Americans that it’s their duty to hand him $700bn or more for him to hand over to his Wall Street Genius friends, and they need to do it NOW NOW NOW and not question it. Oh, and don’t be whiners about it and ask for things like consideration of changing the terms on mortgages you were bilked into taking where the value of the home is now less than what is owed on the paper, because that’s *gasp* breaking a contract! And don’t think about limiting CEO pay even when they’ve driven the country into the greatest fiscal crisis since 1929 because that’s just class warfare and punishing success! The job of the American people is to provide President 28% with cannon fodder and to bend over when asked so that his business school buddies can continue to afford the hookers and blow.
I sooooo look forward to seeing George Bush being burned in effigy in every major American city tomorrow morning!
Durablend, you and others on the left are engaging in a nice distraction trying to accuse people of blaming this mess on “the poor” when the blame is being directed at the politicians who bullied lending institutions into giving mortgages to people that wouldn’t qualify for a mortgage under normal circumstances.
There’s nothing wrong with having to rent.
Jay, that’s just disgusting. You should feel ashamed of yourself.
If you honestly believe this smut you’re peddling, you should at least do something to research published demographics of mortgage defaulters to substantiate it. Otherwise, this is just FUD.
the blame is being directed at the politicians who bullied lending institutions into giving mortgages to people that wouldn’t qualify for a mortgage under normal circumstances.
Link, please. Thanks in advance. Oh, and how ’bout them Yankees. Heh. All that money can’t buy another playoff.
“when the blame is being directed at the politicians who bullied lending institutions into giving mortgages to people that wouldn’t qualify for a mortgage under normal circumstances.”
And yet, these bullying skills seem to disappear now, when politicians urge lenders to renegotiate terms of mortgages. Do these powers of persuasion only work with a full moon?
mdpdb – you’re falling for Jay’s trap. Debating the demographics of who got what mortgages buys into the underlying frame of “it’s just the mortgages that are the problem”. You notice that the J’s haven’t said a single syllable about CDOs? About how investment houses that don’t offer mortgages are now the ones demanding that the suckers, er, American public help them out? Or about how wise old Alan Greenspan (whom we all know is beyond reproach) was telling the suckers (whoops, there I go again) that there is no systemic problem with real estate? Why do you think that is, mayhap?
America has never so needed the services of Maximilien Robespierre.
Rheinhard: True enough. He still should be ashamed though.
Nimrod: as if the Democratic congress has done a god damned thing Bush and the GOP didn’t want them to anyway
So… doesn’t that mean the Dems do share in some of the blame?
Or is “Look what you made me do” an acceptable excuse these days?
Could have sworn I typed that.
Could have sworn I typed that.
Of course they do, but ultimately it’s down to the guys who’ve been in charge since 2001, and that’s the Republicans.
The point of the post, as I understood it, was that the Bush record of lying about absolutely everything has led us to the point that, no matter WHAT he says, he WILL NOT BE BELIEVED. That is indisputable.
No serious person believes anything he says, or trusts his sincerity about any subject. So even when he says he has quit drinking, or is a committed Christian, or loves his wife, or doesn’t kick his dog, you can’t trust him. The whole world mistrusts him.
And McCain is worse.
2-1 Americans have linked the financial meltdown with the Republican party. At the very least, it’s impossible not to link it with a Republican president.
McCain is a long term Washington insider. He knows these people. Hell, he’s _hired them_ to run his campaign for him.
Republicans cannot be trusted with our nation’s economy. Let’s get a Dem back in the White House and we’ll have a much better shot at economic recovery (Remember the 1990′s? That time when you used to get a raise every year?).