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The recalcitrance of facts, or Barney Frank as Doctor Who
PajamasMedia ^ | October 5th, 2008 | Roger Kimball

Posted on 10/06/2008 3:16:10 AM PDT by Daffynition

Those who cannot remember the past are condemned to repeat it.”–George Santayana

What would Santayana (1863-1952) say were he with us today? Although born in Madrid, Santayana lived and taught in the United States for decades, an amused, slightly detached observer of the human panoply and its addiction to folly. Recalling the disater of the Carter years–the economic dégringolade (remember the “misery index“?), the foreign policy disasters (remember the Iran hostage crisis?), recalling above all the hang-dog, defeatist attitude of the Carter years (remember the “malaise” speech?)–Santayana would doubtless have shaken his head as so many Americans (and even more, so many Europeans) are loosing their heads over Barack Obama.

Here, after all, is a man who is a distillation of Jimmy Carter, George McGovern, and Bill “the bomber” Ayres. On taxes. On foreign policy. On free speech. On government entitlements. On all this and more Obama is the most left-wing candidate in the history of the Republic. And yet he is greeted with open arms not only by self-confessed revolutionaries like Bill Ayres but by Mom and Pop Democrat in a taxing district near you.

How do you explain it? Bush Derangement Syndrome (exacerbated by Palin Hysteria Syndrome)? In part. There is also a large quantum of liberal guilt operating, an emotion that Team Obama has been quick to capitalize on.

Ask yourself this: What is the thing a good liberals feel most guilty about? Racism. Yes, they feel guilty being American, especially if they are well to do; the men among them feel guilty about being men, just as the heterosexuals feel guilty about their sexual orientation. But in the great sweepstakes of guilt, race trumps everything. Obama comes wielding all the usual left-wing nostrums about “fairness” (i.e., what’s yours is his, or at least the government’s) and “sharing” and getting along with and talking to our enemies. But what he offers above all is expiation for the imagined taint of racism.

The liberal says: “We have sinned. We are guilty. Please absolve us of our wrong.”

Team Obama says, “Sure, but it’s going to cost you.”

Part of the cost seems to be a simple recognition of historical truth. Thomas Sowell touched on this yesterday when he wondered, not without exasperation, whether facts still mattered in our political life. The current economic crisis seems to have benefitted Obama in the polls. But how could that be? Sowell reminds us of some forgotten facts:

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?

Yes, they matter alright, because without them we might actually believe that, as Sowell puts it, it was “it was the Bush administration ‘right-wing ideology’ of ‘de-regulation’ that set the stage for the financial crisis.”

Ultimately, the question is not whether facts matter but whether we can get people to face up to them before it is too late. Ideology is like a field of snow on a sunny day: it can produce temporary blindness; ideology supplemented by liberal guilt is like a field of snow on a sunny day after a powerful draught of opium: it produces temporary blindness along with soporific insensibility.

Sooner or later, the mists will dissipate, the intoxication will give way to something harder and more unpleasant. And when that happens–let us pray that it is not too late–people will begin asking questions.

Mr. Sowell mentions Congressman Barney Frank. One of the questions that people will likely begin asking concerns Frank’s romantic relationship with Herb Moses, a “Fannie Mae executive at the forefront of the agency’s push to relax lending restrictions.” According to Fox News (h/t to Mark Steyn on The Corner for this story),

Now that Fannie Mae is at the epicenter of a financial meltdown that threatens the U.S. economy, some are raising new questions about Frank’s relationship with Herb Moses, who was Fannie’s assistant director for product initiatives. Moses worked at the government-sponsored enterprise from 1991 to 1998, while Frank was on the House Banking Committee, which had jurisdiction over Fannie Mae.

See, “Impropriety, the appearance of.” And there’s more:

The two lived together in a Washington home until they broke up in 1998, a few months after Moses ended his seven-year tenure at Fannie Mae, where he was the assistant director of product initiatives. According to National Mortgage News, Moses “helped develop many of Fannie Mae’s affordable housing and home improvement lending programs.”

Critics say such programs led to the mortgage meltdown that prompted last month’s government takeover of Fannie Mae and its financial cousin, Freddie Mac. The giant firms are blamed for spreading bad mortgages throughout the private financial sector.

Although Frank now blames Republicans for the failure of Fannie and Freddie, he spent years blocking GOP lawmakers from imposing tougher regulations on the mortgage giants. In 1991, the year Moses was hired by Fannie, the Boston Globe reported that Frank pushed the agency to loosen regulations on mortgages for two- and three-family homes, even though they were defaulting at twice and five times the rate of single homes, respectively.

The last time I checked, there wasn’t a syllable about this in The New York Times. Just imagine if the story featured a different cast of characters: John McCain, for example, and some fictional romantic interest. Just imagine what you’d be reading in our former paper of record, the AP wire, and seeing on the establishment news programs.

Barney Frank, Barney Frank, Barney Frank. Let’s see, wasn’t he the Congressman who was having sex with a chap who ran a gay prostitution ring out of Frank’s Capitol Hill apartment? Er, yes. And wasn’t he the Congressman who just this last spring was was busying supporting legislation to decriminalize marijuana? Right again! I suppose it’s understandable why Congressman Franks would prefer that his public were as stoned as possible: less chance then for them to notice or to care what else he was up to. If you’re a gay Democrat (don’t try it if you’re a Republican), your private life is your own. But there are still one or two busybodies out there who will notice when policies you supported lead to the evaporation of a trillion dollars and the destruction of a large swathe of the American banking industry. Mark Steyn, as usual, has the rapier-like anecdote that brings a smile to one’s lips even as it chills the blood. Citing the revelation of Frank’s relationship with the “Fannie male,” Mark mentions an email he’d had from a reader proposing a new Hollywood adaptation: Broke Bank Mountain. Mark quotes his correspondent thus:

In defense of the BBC (words I never thought I’d type), Doctor Who has been turned into a multi-million dollar cash cow for the government-run Corporation. If the US Government put gays like that in charge of Fannie and Freddie, we might not be in this pickle.

Mark goes on to note, with his customary judiciousness, that “In fairness to Barney and his pal, they did manage to give Lehman Bros, Wachovia et al the amazing powers of Doctor Who’s Tardis. One minute the bank’s standing there, the next it’s vanished. If only we knew where to. But somewhere out there is a distant galaxy that’s suddenly acquired an amazing new ATM network.”

Read bullet | (9) Comments bullet



TOPICS: Constitution/Conservatism; Crime/Corruption; Politics/Elections
KEYWORDS: demron

1 posted on 10/06/2008 3:16:10 AM PDT by Daffynition
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To: Daffynition
To Barney and friends, the only reply to this article is:

OUCH!

Too bad the "paper of record" and others won't print a word of it....

2 posted on 10/06/2008 3:39:01 AM PDT by dirtbiker (My Walmart still has 7 copies of "An Inconvenient Truth" on the shelf)
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To: Daffynition

Didn’t POGO say “We have met the enemy... and he is CONGRESS”?


3 posted on 10/06/2008 3:39:33 AM PDT by CHEE (Stink, Steam and All)
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To: Daffynition
Great column.

The DEMocrats caused this economic DEMbacle.

They must bear the blame for the DEMron scandal.

4 posted on 10/06/2008 4:02:14 AM PDT by syriacus (At the intersection of Congress+ Fannie Mae .... you'll find the DEMron Scandal, a real DEMbacle.)
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To: Daffynition
The liberal says: “We have sinned. We are guilty. Please absolve us of our wrong.”
Team Obama says, “Sure, but it’s going to cost you.”

Part of the cost seems to be a simple recognition of historical truth. Thomas Sowell touched on this yesterday when he wondered, not without exasperation, whether facts still mattered in our political life. The current economic crisis seems to have benefitted Obama in the polls. But how could that be? Sowell reminds us of some forgotten facts:

  1. 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.

  2. 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.

  3. 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.

  4. 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 see the process of the creation of a new word - a neologism - out of whole cloth springing out of the Democratic reaction to the Swift Boat Veterans for Truth campaign of 2004. In that case, the SBVT organization counted among its members the entire chain of command in Vietnam above John Kerry, and all his fellow officers on the other Swift Boats in Kerry's naval unit. If you wanted to ask anyone else but John Kerry and his subordinates on his boat, on the one hand, and the SBVT on the other, you would be embarrassed for want of anyone who could speak of about Kerry's performance on the basis of direct knowledge. You have to either believe one side or the other, and the SBVT group is far more numerous, and was more highly credentialed at the time and place in question, than Lt. John Kerry and his subordinates were. And their story was more consistent over time, and internally, than Kerry's story was - considering how certain Kerry was that he had been sent on a mission into Cambodia by a president who hadn't been inaugurated yet! Nevertheless, AP journalism and the rest of the Democratic smear machine has created, and imposed on the national dialog, the term "swiftboating" defined as the irresponsible and unjustified criticism of a Democrat.

So we have seen the imposition of a story line and a word meaning implemented before our very eyes, in real time. What reason is there to doubt that the same or similar things have been done in the past, when we didn't have the Internet and talk radio to help us keep our sanity when we thought that "objective" journalists were cooking the books! By the accounts of Ann Coulter and M. Stanton Evans, the coining of the word "McCarthyism" was done in exactly the same fashion, and with no more justification than the coining of "swiftboating" was done. And thus I have little doubt that the inversion of the meaning of the word "liberalism" was done the same way, by the same sort of people . . .

According to Safire's New Political Dictionary (p 407),

liberal

currently, one who believes in more government action to meet individual needs; originally, one who resisted government encroachment on individual liberties. In the original sense the word described those of the emerging middle classes in France and Great Britain who wanted to throw off the rules the dominant aristocracy had made to cement its own control.

During the 1920s the meaning of the word changed to describe those who believed a certain amount of governmental action was necessary to protect the people's "real" freedoms as opposed to their purely legal - and not necessarily existent - freedoms.

This philosophical about-face led former New York governor Thomas Dewey to say, after using the original definition, "Two hundred years later, the transmutation of the word, as the alchemist would say, has become one of the wonders of our time."

The Right to Know

5 posted on 10/06/2008 4:25:00 AM PDT by conservatism_IS_compassion (The conceit of journalistic objectivity is profoundly subversive of democratic principle.)
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To: CHEE
Didn’t POGO say “We have met the enemy... and he is CONGRESS”?

If he didn't, he should have.

Except that Pogo's characters called it "Congers". And very eelish it is.

6 posted on 10/06/2008 5:30:02 AM PDT by Ole Okie
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To: Daffynition

I’m not much of an O’Reilly fan as of late,

but I sure liked his spittle-flecked, rage filled vent on Bawney Fwank.


7 posted on 10/06/2008 5:32:43 AM PDT by MrB (0bama supporters: What's the attraction? The Marxism or the Infanticide?)
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To: dirtbiker

The RNC needs to make an endrun around the media and start talking about this NOW .... while they have the media attention. McC needs to get tough.


8 posted on 10/06/2008 6:16:10 AM PDT by Daffynition
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To: CHEE

[snaking head] ...yes. I’m so depressed right now ... no words to express how low we have sunk.


9 posted on 10/06/2008 6:17:42 AM PDT by Daffynition
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To: Daffynition

Please don’t sully the good name of Doctor Who by associating him with Barney Frank.

On the other hand, Torchwood...


10 posted on 10/06/2008 6:19:40 AM PDT by william clark (Ecclesiastes 10:2)
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To: william clark

But is Torchwood ready?


11 posted on 10/06/2008 12:08:15 PM PDT by Daffynition
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To: Daffynition
The RNC needs to make an endrun around the media and start talking about this NOW .... while they have the media attention. McC needs to get tough.

No argument from me on that.

Little O and the MSM need to be "B..ch" slapped daily from now til November, mostly because it's the only language they are hearing and will understand....

McCain had better stop playing "Mr. Nice Guy" with these people, because they sure as heck ain't playing nice....

12 posted on 10/06/2008 1:11:17 PM PDT by dirtbiker (My Walmart still has 7 copies of "An Inconvenient Truth" on the shelf)
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To: MrB
I sure liked his spittle-flecked, rage filled vent on Bawney Fwank.

I did too!

He had Frank sputtering like chainsaw with a fouled plug!

13 posted on 10/06/2008 1:14:12 PM PDT by dirtbiker (My Walmart still has 7 copies of "An Inconvenient Truth" on the shelf)
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To: dirtbiker

Do you get the idea that if Frank had been in-studio, Bill would have “gone over the table” at him?


14 posted on 10/06/2008 1:16:48 PM PDT by MrB (0bama supporters: What's the attraction? The Marxism or the Infanticide?)
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To: MrB
Do you get the idea that if Frank had been in-studio, Bill would have “gone over the table” at him?

Yep, but the one thing you must do with Frank is a frontal attack.

You DON'T want to attack Frank from the rear....;)

15 posted on 10/06/2008 1:25:53 PM PDT by dirtbiker (My Walmart still has 7 copies of "An Inconvenient Truth" on the shelf)
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To: Daffynition

I’ve perused quite a few Big Media outlets since this scandal broke, and I’ve yet to find one that connected the FMs with the Dems. In fact I’ve found nary a mention of the role of the FMs in this thing at all. It’s being buried down a memory hole something Big Media is very good at doing when it involves a Dem. And since the Dems are neck deep in this thing, they want to dig the biggest hole in history to bury it. But if even Alec Baldwin knows about Dem complicity, how long can they keep it covered up?


16 posted on 10/06/2008 3:35:14 PM PDT by driftless2
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To: Daffynition

You mean Doctor Yoo-Hoo, right?


17 posted on 10/06/2008 3:40:32 PM PDT by RichInOC (Frank/Studds. They're Not Just Our Names. They're Our Way Of Life. (Gerry Studds, R.I.P.))
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To: RichInOC

HAHAHA!


18 posted on 10/06/2008 4:23:56 PM PDT by Daffynition
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To: driftless2

After seeing OR attack Frank, and how Frank just kept moving along .... that POS is so entrenched, there’s no hope of getting him out of there.

He’ll get all the votes in Provincetown. Uck!


19 posted on 10/06/2008 4:28:45 PM PDT by Daffynition
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