Repeat A Lie Enough Times . . .

[rubato]

And Karl Rove will smile. One of the most potent tactics Rove has made part of the Republican toolbox is 'lie constantly and they'll believe it'.


"Republicans are for smaller government"

"Tax cuts increase revenue"

And then this one:

"Fannie, Freddie and the CRA caused the mortgage meltdown."

_______________________________
December 16, 2010
Repeat A Lie Enough Times . . .

Barry Ritholtz:

Repeat A Lie Enough Times . . . | The Big Picture: All last year, I kept getting emails from people asking me: “Why do you keep hammering on these issues? Why do you beat up on the eejits who push the Fannie Freddie CRA meme? Its dead, everyone knows its nonsense.” Except, not so much. That 4 members of the FCIC could push such as discredited meme reflects a broader strategy of Agnotology. Even Gretchen Morgenson, of that liberal media outlet NYTimes, began her column on Sunday with this sentence:

DECIDING what to do with Fannie Mae and Freddie Mac, the taxpayer-owned mortgage giants that helped set the financial crisis in motion, will be a huge job for Congress next year.

That single sentence is a huge victory for the reality challenged.

_______________________________________

All three statements are easily contradicted by facts easily avail. to the average person. All three are part of the RW scripture.

yrs,
rubato

[dgs49]

So......

The federal government telling banks that they would buy all of their eminently questionable mortgage paper, at a profit to the banks, without reading it, had nothing to do with the housing boom that inevitably crashed and threw us into a (deeper) recession.

Okaaaaaaaaay...

Got ya.