We were accosted at the nursery today. Surrounded by a staff amply armed with garden tools, we were told that Bush is the cause of all our problems, especially our economic problems and that if we did not sign a statement to that effect, we’d seen our last sunrise.
After a harrowing escape we return to the keyboard.
Where to start? Why not at the beginning - ground zero, our heart of darkness. As we have explained at least two dozen times, the Democrats protected the mortgage twins in an effort to buy black votes. They falsely claim it was Bush’s fault the twins were not reformed. Bush tried. When he said in 2004 that Fanny and Freddy should be reformed or we’d have big trouble, the House blocked any attempt, led by Barney Frank, Pelosi, Waters, Rangel. Surprise. Surprise.
“Well, maybe,” say our nursery pals but how about Wall St? Bush refused to reform this bunch and that’s key to our problem, they pant. (We’ll admit that Wall St types are predators. So what? It’s legal.) Dem’s controlled both houses before BO became president. It was this majority who encouraged financial institutions to package bad loans - Frank and Obama (when senator) and the rest were gung ho because Wall St took the twins out of the garbage they originated.
“OK, maybe so,” say our little chattering buddies, but how about the earlier stuff? What about the deficit BO inherited? From the economist Thomas Sowell, “No president of the United States can create either a budget deficit or a budget surplus. All spending bills originate in the House of Representatives and all taxes are voted into law by Congress. The deficit Obama inherited was created by the congressional Democrats, including Sen. Barack Obama, who did absolutely nothing to oppose the runaway spending. He was one of the biggest of the big spenders.”
Oh, that. Facts and names are such an inconvenience.
Sowell continues, “The only direct power that any president has that can affect deficits and surpluses is the power to veto spending bills. President Bush did not veto enough spending bills, but Senator Obama and his fellow Democrats in control of Congress were the ones who passed the spending bills.”
At this point we can just see our lefty friends - eyes averted, shoulders slumped, sorry sights to be sure. They screwed up big time.
Robert Craven
Tuesday, September 7, 2010
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