On their road to domination of Congress and The White House, the Democrats successfully and loudly accused the Republicans of selfishly engineering the current economic crisis. Today Democrats control the country. Now what?
As dust settles on reality, the evidence of responsibility now points backwards to the Democrats. The following piece of video shows segments that cannot be repudiated. Democrats were the biggest receivers of money from Fannie Mae and Freddie Mac, yet their leaders were at the frontlines of defense for those who were at the heart of the mortgage financing bubble. Democrats not only prevented oversight and restraint, they enthusiastically applauded the abuse.
One can put spin in the retelling of most events, however, the culpability of Democrats for the financial disaster that has been inflicted on their Nation is difficult to deny. For example, the words of the bombastic Barney Frank, the Harvard educated Democratic Attorney from Newton, Massachusetts, cannot be spun, twisted or camouflaged.
Republicans can take some heat for not having been more vocal, however, leadership out of this mess is now squarely in the hands of those who fuelled the fire. Their motives and their capacities to steer the country out of the recession with diligence are in serious doubt.
James Raider writes The Pacific Gate Post