I said I wasn't going to watch Hannity anymore after Juan Williams called him myopic and a liar because he's too toxic to my nervous system, but I stumbled upon this dang video clip and it pulled me back in, again. If you ask many Republicans
Struggling to stave off financial catastrophe, the Bush administration on Friday laid out a radical bailout plan with a jawdropping price tag - a takeover of a half-trillion dollars or more in worthless mortgages and other bad debt held by tottering institutions.
A grim-faced President Bush acknowledged risks to taxpayers in what would be the most sweeping government intervention to rescue failing financial institutions since the Great Depression. But he declared, "The risk of not acting would be far higher."
The administration is asking Congress for far-reaching new powers to take over troubled mortgages from banks and other companies, including purchasing sour mortgage-backed securities. Administration officials and congressional leaders are to work out details over the weekend.
Bush said simply, "We must act now." "America's economy is facing unprecedented challenges. We're responding with unprecedented measures," Bush declared, standing in the White House Rose Garden with Paulson, Bernanke and Christopher Cox, chairman of the Securities and Exchange Commission...read on
On Tuesday, Hannity offered a simple -- and spectacularly ignorant -- explanation for the mortgage crisis: Obama's "policies;" Obama's "fault."
It's unfortunate that disinformation like this is happening 24/7 on Fox and AM hate talk radio, but that's the truth of it. I now rescind my previous promise of never checking out Hannity. There's no Beck so I do have to keep track of these propagandists. At least Beck was so over the top crazy for a while with his chalk boards and conspiracy theories that I would occasionally fall down laughing.
Color me not shocked that Karl Rove was back on Fox again, hoping that the country has collective amnesia as to just how destructive his former boss' reign was to our nation's economy and attempting to blame the cliff the economy was falling off of Read more...