Politics of Blame

The quasi-government-run Fannie Mae and Freddie Mac mortgage agencies — staffed with ex-Clinton administration cronies — were at Ground Zero of the financial meltdown. Liberals in Congress such as Sen. Chris Dodd and Rep. Barney Frank were among the largest recipients of Wall Street money. In the 2008 presidential campaign, most of the big investor money went to Democratic candidate Obama.

Billionaire investors such as Warren Buffet and George Soros proved to be among Obama’s staunchest supporters. Cabinet-nominee Tom Daschle had to bow out because he skipped paying income taxes on free corporate limousine service. Democrats are clearly no longer the party of dirt farmers in bib overalls and sweaty dockworkers.

via Politics of Blame by Victor Davis Hanson on National Review Online.


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