Every time I get tired of blogging about Barney Frank, he rears his ugly head and says something which if a Republican in his position had said it would invite ridicule and raise questions of competence.
The latest story goes beyond the Massachusetts Democrat’s consistent refusal to acknowledge how actions he took and reforms he blocked helped trigger the financial meltdown. Now, he, in the words of Sister Toldjah who (via Michelle Malkin‘s Buzzworthy) alerted me to the story, “is trying to re-write history with respect to the role he played in helping enable the collapse of Freddie Mac and Fannie Mae.” In the past, he could get away with it because the media watchdogs, even eager to pounce at the slightest Republican indiscretion, gave Democrats a pass whenever they misrepresented their own record.
But, now the unhappy Democrat has to contend with conservative bloggers, eager to dig into politicians’ records. And after catching Barney deliver a whopper on the Tavis Smiley Show, blogger Morgen at Verum Serum did some digging.
First, here’s Barney claiming that he never pushed home ownership on low income people because, well, they can’t afford ’em:
Then, rooting around for “the most suitable example” of Barney “extolling the virtues of Fannie Mae and Freddie Mac in facilitating home ownership for those that would not otherwise qualify,” he “stumbled across” a 2005 speech Barney made on the House floor doing just that–and also dismissing notions of a coming housing bubble. This tenacious blogger makes the video available for the first time on the web:
Reviewing the tape, Ed Morrissey quips that “Only a politician could lie with such a lack of conscience, but with a surfeit of sanctimony.” Barney gives sanctimony a whole new meaning:
Frank scolds the people behind the dot-com bubble for not having realistic business plans while Frank protected Fannie Mae and Freddie Mac from regulators who warned that the two GSEs had the same exact problem. And Frank was right that the housing collapse wouldn’t be as bad as the dot-com pop â€” but in fact it was much, much worse, thanks to Congressional action that mandated the creation of mortgage-backed securities that spread the poison of bad loans throughout the global financial system. The dot-com bubble burst resulted in a mild recession, but Frank’s supposedly-impossible housing bubble collapse sent the entire world economy crashing into a heap.
It seems that Barney is living in a pre-YouTube world where a Democrat could get away with rewriting his record, knowing the MSM would be little likely to dig around into his past statements to corroborate or contradict his present claims.
But, now with conservative bloggers on the case, Democrats just can’t get away with it any more. Thanks to the blogosphere, there ain’t no way for Barney to hide his lyin’ words.
Kudos to the folks at Verum Serum for doing for Barney what Buckhead did for Dan Rather. May his career have a similar trajectory.