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Thread: Do Facts Matter?

  1. #1

    Do Facts Matter?

    Abraham Lincoln said, "You can fool all the people some of the time and some of the people all the time, but you can't fool all the people all the time."

    Unfortunately, the future of this country, as well as the fate of the Western world, depends on how many people can be fooled on election day, just a few weeks from now.

    Right now, the polls indicate that a whole lot of the people are being fooled a whole lot of the time.

    The current financial bailout crisis has propelled Barack Obama back into a substantial lead over John McCain-- which is astonishing in view of which man and which party has had the most to do with bringing on this crisis.

    It raises the question: Do facts matter? Or is Obama's rhetoric and the media's spin enough to make facts irrelevant?

    Fact Number One: It was liberal Democrats, led by Senator Christopher Dodd and Congressman Barney Frank, who for years-- including the present year-- denied that Fannie Mae and Freddie Mac were taking big risks that could lead to a financial crisis.

    It was Senator Dodd, Congressman Frank and other liberal Democrats who for years refused requests from the Bush administration to set up an agency to regulate Fannie Mae and Freddie Mac.

    It was liberal Democrats, again led by Dodd and Frank, who for years pushed for Fannie Mae and Freddie Mac to go even further in promoting subprime mortgage loans, which are at the heart of today's financial crisis.

    Alan Greenspan warned them four years ago. So did the Chairman of the Council of Economic Advisers to the President. So did Bush's Secretary of the Treasury, five years ago.

    Yet, today, what are we hearing? That it was the Bush administration "right-wing ideology" of "de-regulation" that set the stage for the financial crisis. Do facts matter?

    We also hear that it is the free market that is to blame. But the facts show that it was the government that pressured financial institutions in general to lend to subprime borrowers, with such things as the Community Reinvestment Act and, later, threats of legal action by then Attorney General Janet Reno if the feds did not like the statistics on who was getting loans and who wasn't.

    Is that the free market? Or do facts not matter?

    Then there is the question of being against the "greed" of CEOs and for "the people." Franklin Raines made $90 million while he was head of Fannie Mae and mismanaging that institution into crisis.

    Who in Congress defended Franklin Raines? Liberal Democrats, including Maxine Waters and the Congressional Black Caucus, at least one of whom referred to the "lynching" of Raines, as if it was racist to hold him to the same standard as white CEOs.

    Even after he was deposed as head of Fannie Mae, Franklin Raines was consulted this year by the Obama campaign for his advice on housing!

    The Washington Post criticized the McCain campaign for calling Raines an adviser to Obama, even though that fact was reported in the Washington Post itself on July 16th. The technicality and the spin here is that Raines is not officially listed as an adviser. But someone who advises is an adviser, whether or not his name appears on a letterhead.

    The tie between Barack Obama and Franklin Raines is not all one-way. Obama has been the second-largest recipient of Fannie Mae's financial contributions, right after Senator Christopher Dodd.

    But ties between Obama and Raines? Not if you read the mainstream media.

    Facts don't matter much politically if they are not reported.

    The media alone are not alone in keeping the facts from the public. Republicans, for reasons unknown, don't seem to know what it is to counter-attack. They deserve to lose.

    But the country does not deserve to be put in the hands of a glib and cocky know-it-all, who has accomplished absolutely nothing beyond the advancement of his own career with rhetoric, and who has for years allied himself with a succession of people who have openly expressed their hatred of America.

    One night a man had a dream. He dreamed he was walking along the beach with the Lord. Across the sky flashed scenes from his life. For each scene, he noticed two sets of footprints in the sand: one belonging to him, the other to the Lord.

    Looking back at the footprints in the sand, he noticed that many times along the path of his life there was only one set of footprints. He also noticed that it happened at the very lowest and saddest times in his life. This really bothered him and he questioned the Lord about it.

    The Lord replied, "My son, My precious child, I love you and would never leave you. During your times of trial and suffering, when you see only one set of footprints, it was then that I carried you."

  2. #2
    Banned or Dead

    This is .kingy.'s Country Flag

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    Jul 2006

    facts are relative.

  3. #3
    Chuck Norris
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    Dec 2006

    good read.

    A man.

    A human being should be able to change a diaper, plan an invasion, butcher a hog, conn a ship, design a building, write a sonnet, balance accounts, build a wall, set a bone, comfort the dying, take orders, give orders, cooperate, act alone, solve equations, analyze a new problem, pitch manure, program a computer, cook a tasty meal, fight efficiently, and die gallantly. Specialization is for insects.

    Robert Heinlein

  4. #4

    My Gift To You, including a lot

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  5. #5
    Certified Gangsta
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    Aug 2006
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    none of this is true and is right wing bullshit if im not mistaken it was dodd and greenspan who wanted to set up the regulatory comitee but was then blocked by cheney
    i'm not a businessman,
    i'm a business, man

    The one who doesn’t fall doesn’t stand up

  6. #6

    This is CHE's Country Flag

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    Jun 2006

    in short, no. facts dont matter, what the media wants you to believe and what is pout in oyur face constantly is unfortunately what matters. look at most of the media with a love affair with obama, he can do no wrong for them.

    i personally will not vote and i dont care cuz both sides are corrupt and only in it for themselves

  7. #7
    I seriously wish that the US economy to get well soon. It's affecting the whole world economy. Will this election fix it?
    efriends banned: Evil,
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