Fannie Freddie Phony – Paul Krugman Blog – NYTimes.com.
Klugman takes Arnold Schwarzenegger to task for his false statement about a Fannie/Freddie connection to the subprime mortgage crisie. He comes to the conclusion that the phony account of the crisis is now part of Republican orthodoxy: “part of what you have to believe to be a respectable member of the party.”
Nothing can be solved at the governmental level when politicans believe the lies of their own spinmasters, and the neocons have such a great machine in place that it even fogs reality for those that are in positions of governance.
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