Lady McCheney really lives in upside down land. In her world it's "nutty" to imply that deregulation, Wall Street run amok and Goldman Sachs might hav
May 7, 2010

Lady McCheney really lives in upside down land. In her world it's "nutty" to imply that deregulation, Wall Street run amok and Goldman Sachs might have anything to do with Greece's problems. Paul Begala needs to do his homework so we don't get the type of lame responses we got from him here, but whatever could have given him the idea that Goldman Sachs might have something to do with Greece's problems? Maybe he read this...

Wall St. Helped to Mask Debt Fueling Europe’s Crisis

or this...

Goldman Goes Rogue – Special European Audit To Follow.

Mary Matalin of course repeats the Republican talking point du jour, Greece's problems are all due to their being a "welfare state", thus the United States must eliminate all of our social safety nets to avoid going down that same road. Never, ever, ever think about raising taxes on the rich or reigning in our military industrial complex. The least among us must suck it up and be happy to live in squalor. Paid into Social Security your whole life and thought the government made an agreement with you in good faith to honor that contract... too bad. We spent it throwing away billions of dollars for them to play football with and blow things up in Iraq and Afghanistan and to bail out these financial institutions that weren't regulated. Suck it up losers!

She also threw this backwards land nonsense out there.

BEGALA: I know right here in America, Mary's right, the president who I worked for, Bill Clinton, handed off to the president that Mary worked for, a surplus, and a pathway to zero national debt by this year, we should have zero national debt but for Republican economic policies. I know what caused it here. It was cutting taxes for the rich. Deregulating Wall Street. The Russian roulette with the American people's money that the Wall Street guys were playing and that's what caused this crash in America. I suspect that's probably what's behind the thing overseas, but I don't know.

BLITZER: Mary, I'll give you the final word.

MATALIN: That economy that President Clinton enjoyed was the result of Reaganomics and when we get back to Reaganomics, we will get out of the recession that we're in, and when we got -- when we picked up from the Clinton administration we had a recession, so we can keep going back all the way to the beginning of time, but every president has to deal with what he gets and President Clinton was very lucky to have followed Reaganomics.

Good grief. This woman is just as shameless a liar as her old boss. Hey Begala... go read a little so you can call her out the next time they put you on with her, would you? We all know Blitzer's not going to do it. And if you're going to praise your old boss on deficits, that's fine but you also need to own up to his part in deregulating these markets if we're going to have any honest discussion on it. That was a bipartisan screw up of massive proportions and there are still too few willing to really fix the mess now on all sides.

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