NYT’s History Re-Write On Housing problem or
Posted by hanson807 on December 21, 2008
as most people call it, lying. Jo Becker, Sheryl Gay Stolberg and Stephen Labaton should tell us their sources or just own up to not having any and making it up. It doesn’t take much investigating to find just a few holes in their story. There is this gem of a statement: “As early as 2006, top advisers to Bush dismissed warnings from people inside and outside the White House that housing prices were inflated and that a foreclosure crisis was looming.” The problem is, persons from the Bush administration were at congressional hearings where, in 2004 Barney Frank and other senators were defending the actions of these bad lenders. We aren’t talking about hear say, we are talking about live video of the democrats supporting the lending habits of Fannie and Freddie and Franklin Raines. Each of the republicans and regulators speaking foretold of the problems we were going to face. And the democrats even said it was a 1992 housing act that was the start of this housing issue. So with irrefutable video evidence that Bill Clinton attempted to fix the problem as well but failed.
So maybe that just isn’t enough proof. But Blue Collar Muse did a little investigation too. There are actual sources that can be checked. The Sarbanes-Oxley Act of 2002 was signed into law by Bush and it was supposed to stop the kind of book keeping that Frank Raines was doing. Enron was another democrat government sponsered scheme where people lost millions. Pass laws then put your friends in control of the market. Notice that if the and only if the government gets involved, can you steal really big sums of money. Then of course we have Senator Schummer(D-New York) who actually saw these accounting practices hurting the US and suggested we ditch them and go to wise ways of foreign governments. Unfortunately, Sarbanes-Oxley_Act had begun to do its damage as it revealed that there were many companies who weren’t on the up and up. Frank Raines, Barney Frank and Chuck Schummer knew of one in particular. Barney apparently had a romance with one of the executives while he voted against legislation to regulate them. Our three reporters from the NYT failed to uncover any of that. Heck, that would require them to actually research with some cumbersome tool like google. All they attribute the failure to is Bush, so no actual fact checking is required apparently.
It takes but a short review of the articles written by all three to see their ideology. They are fairly hard left, play extremely fast and loose with facts and do a fairly poor job of reporting anything that is outside their belief system. In short, they are democrat hacks posing as journalists using the medium of the NYT to display how they fail. Of course, that passes for journalism anymore. Let’s disect a short piece on Bush and war where Sheryl Gay Stolberg tells this whooping lie: “But Mr. Bush, most experts agree, has taken the American freedom agenda to an entirely new level, by trying to foster democracy in nations that have not known it before, like Iraq and Afghanistan.” I know peoples memories are short but just to clear a few things up, Japan was not a democracy before WW II. The Nicarguan Contras were helped by the US and the first thing they did was restore the freedom of the press and have an election. So apparently, only looking at two occasions in the past, I easily found two examples of helping countries without a history of democracy establish a democracy. Of course it took like 3 minutes, why would she take three minutes to find out she is lying when she can print something that makes Bush look bad? Because having a journalism degree is like saying, “I couldn’t pass any difficult classes so I had to do something”. The fact is, they don’t want to admit their party, the democrat party, gained the most financially from the housing market debacle. They democrat party was trying to pass laws to get people who shouldn’t have house loans, loans. They protested and intimidated firms that didn’t lend money to incredibly high risk people. Currently Wells Fargo is one of only a few who can claim they didn’t get caught up in the sub-prime market. Let’s not forget Chris Dodd who got a sweet heart deal from Countrywide. It’s CEO way back in 2003 knew about the government’s hand in mortgages which stretched well before Bush was even a govenor.
In the leap to critize Bush, they have dropped all pretense in going after those who are truly responsible for the housing problem. Of course, that is because the answer is them.