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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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Tags: crisis, error, politics

This entry was posted on Sunday, November 16th, 2008 at 8:32 pm and is filed under In Extremis. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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