Three cheers for the person who put together this You Tube piece on the financial debacle. It thoroughly refutes the Big Lie that Obama and his allies are peddling that the crisis is due to laissez-faire philosophy and deregulation.
There is always a danger when you try to lie your way out of trouble that you’ll get caught in it and then the consequences turn out to be much worse.
I wonder if there were people in Democratic inner circles who said, “Would it be better if we admitted that legislation we pushed and institutions we dominate were at fault and now that we see the bad results we’ll make the necessary changes?” Even if so, people with the “best defense is a good offense” mindset won out.
