from Perish the Thought:
James Lewis has it right: To win this election, John McCain must let Sarah Palin unfurl the flag of REFORM in her debate vs Joe Biden on Friday night.
Mr. Lewis is correct:
This crisis is not financial — it is political. It’s not a market failure. It’s a decades-long robbery by the Left, finally exposed for what it is.The Democrats deserve the wrath of the voters this time.
The taxpayers are now on the hook for a trillion dollars, if you add the failed 300 billion dollar rescue package from two weeks ago to the 700 billion dollar Paulson package. This is a trillion dollar scam, and all the politicians in Congress, the ACORN mafia, the people who played the market on unsecured mortgages, and the scam artists who were hired by Freddie and Fannie — they all knew it. In case you haven’t been watching, that includes all of Barack Obama’s “home mortgage advisors” — Franklin Raines, Jim Johnson and Jamie Gorelick. It includes Senate Banking Committee members like Chris Dodd. It includes House members like Barney Frank. Watch this video and you can see them strutting their stuff when the US watchdog agency criticized Fannie and Freddie in 2003.
They knew exactly what was going on.