Tuesday, October 14, 2008

Playing the Blame Game

Source: http://online.wsj.com/article/SB122359863551021415.html
Author: Peggy Noonan
The author of Stag's Leap makes no claim to the IP contained in this post that is outside of any separate commentary that may be added. This article is posted here on Stag's Leap strictly for discussion and education purposes.

"But these were not the great causes. Neither party has clean hands. Or rather, both parties have dirty hands. Here is the truth, spoken by the increasingly impressive Sen. Tom Coburn: 'The root of the problem is political greed in Congress. Members . . . from both parties wanted short-term political credit for promoting homeownership even though they were putting our entire economy at risk by encouraging people to buy homes they couldn't afford. Then, instead of conducting thorough oversight and correcting obvious problems with unstable entities like Fannie Mae and Freddie Mac, members of Congress chose to . . . distract themselves with unprecedented amounts of pork-barrel spending.' That is the truth."
(end of Peggy Noonan)

Is it me, or is Coburn just about the best Senator and/or Congressman in general that there is? Yeah, that is what I thought!

Nothing more needs to be said my friends. There is plenty of dirt and blame go to all around. Granted, more of it falls on the left side of the aisle rather than on the right. But, if we choose to break it down:
Congress / Agencies / Fannie / Freddie / Washington - you are at fault
Wall Street - you are at fault
Mortgage Brokers - you are at fault
The American People - you are at fault

Oh... the American people are most at fault here. People, sit back, look in the mirror and please, please absorb the blame and point the finger at yourself.....

I shall leave it here for now and finish these thoughts later.

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