Saturday, February 14, 2009

The Big Lie: Blaming Bush for recession is wrong

House Speaker Nancy Pelosi repeated a lie Friday after passage of the economic stimulus plan that President "I screwed up" also has cited often in pushing this reckless legislation.

The idea that Bush administration policy of the past eight years brought on economic hard times is ridiculous.

Take time this evening at 6 p.m. CDT to watch CNBC's excellent program, "House of Cards", to learn what caused the recession. And it was the Clinton administration that removed regulatory prohibitions against the kind of shenanigans involving reckless home lending in communities that was sold upstream to Wall Street and investors.

The scapegoating by the Democrats will not sell. Their plan will not produce anything close to the results promised. And Obama's celebrity status will falter, just as it has with Britney Spears.

The American people are not stupid. They will soon place the blame where it belongs, on both political parties -- but more on the one that now refuses to accept responsibility.

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