For decades, the pages of The New York Times have been filled with some of the most irreponsible journalism in the lamestream media. It has gotten particularly vitriolic and biased, however, over the past eight years. The editorials and reportage about President Bush have been blindly and raucously vicious, unfair, and completely corrosive to a Commander-in-Chief in wartime.
Today, The Times ran a front page story headlined, “The Reckoning: White House Philosophy Stoked Mortgage Bonfire.” It argues that President Bush alone is responsible for the housing meltdown, based on his policy to “spread the dream of home ownership…(which) he so ardently championed.”
To be sure, President Bush pushed home ownership to those who couldn’t carry it financially, and he bears some responsibility for the mess. But ALL of the responsibility??
Nowhere in this lengthy piece did the Times writers mention the Community Re-investment Act, signed into law by Jimmy “My Name Is Earl” Carter, which encouraged commercial banks and savings associations to hand out home loans like candy to low and moderate income folks. The Act was updated and expanded under the Clinton administration. No mention of that in the piece either.
No mention of Jesse Jackson and other so-called “civil rights” leaders shaking down banks to make sure they gave loans to people who couldn’t afford them.
No mention of the utter failure of the Chairman of the Senate Banking Committee, Chris Dodd, to do even basic oversight on Fannie Mae and Freddie Mac and other institutions in his purview who were going hog-wild with subprime mortgages.
No mention of the complete negligence of the Chairman of the House Financial Services Committee, Barney Frank, who said just months ago that Fannie and Freddie were doing fine, even as they were clearly the virus setting off the economic contagion.
No mention of how ANY of these Democrats mandated this nightmare through their irresponsible regulation, ridiculous social engineering, failure to do oversight, and remaining at the trough pigging out on campaign contributions from these organizations while the organizations pigged out on greed and corruption.
It’s funny—-a long, long story like this, and no room to mention any of this.
No, The Times, like every other lamestream media outlet, must stay invested in the “Bush is the Devil” storyline. There’s no room in a lengthy story about the history of the policy Bush inherited, or the failures of those charged with overseeing it. Because they’re Democrats, and that doesn’t fit the storyline.
The Times should change its motto to something a bit more truthful: “Hear no evil, see no evil, speak no evil—–unless it’s about President Bush.”
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