February 13, 2009
This week, Time magazine has published "25 People to Blame for the Financial Crisis." In it, they list the 25 people they belive to be most responsible. Not surprisingly among the political players, there are several Republicans and only one Democrat. Bill Clinton is the only Dem mentioned in the piece. While the list isn't any particular order (allegedly,) his name is waaaaaaaaaaay down near the end. Even then, the text accompanying his picture downplays his role. It even ends with:
None of it was an endorsement of permissive lending and risk-taking. But if you believe deregulation is to blame for our troubles, then Clinton earned a share too.
With such powerful statements as that, you can tell this is a fair and balanced piece.
The next closest thing to a Dem on the list was Franklin Raines, but he's just a businessman, isn't he? Where are Franks and Dodd and even our President, Obama? They managed to take fistfuls of money from Fannie Mae and Freddie Mac while claiming that everything was good and blocking attempts at increasing regulation.
Apparently, only R's make any mistakes.
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