From the always-worth-reading Dr. Victor Davis Hanson: Welcome to Fantasy Island. Excerpt:
Listen to the president and one would think that he was in office during the financial crisis that began on September 15, 2008. For the nth time, Obama reminded the nation on 60 Minutes of the financial meltdown he inherited. That is his usual way of suggesting to the American people that they could hardly hope for normal times after six years of his own governance. In truth, Obama entered office on January 20, 2009 — over four months after the collapse of Fannie Mae and Freddie Mac that precipitated a general financial meltdown.
One would not expect Obama to fault past liberal congressional intervention in the financial sector that in large part forced the issuance of subprime risky mortgages, much less the earlier deregulation of the financial industry under Bill Clinton that helped fueled the rampant speculation. The videos of the sad congressional banter about supposedly insensitive questioning of the duplicitous and corrupt Fannie head Franklin Raines, or the self-important bluster of former Rep. Barney Frank, make a good 10-minute tutorial on the meltdown — namely how Wall Street sharks, hand-in-glove with liberal congressional operatives and Clinton appointees, offered federally “guaranteed” mortgages to those who had no ability to pay them back, fueling a phony real estate boom and overvalued stock market.
Obama has a bad habit of claiming credit for good things that he opposed, and for blaming others for the bad things for which he was responsible.
Once again the esteemed Dr. Hanson nails it.
President Harry Truman was said to have kept a sign on the Presidential desk stating “The Buck Stops Here.” Were President Obama to have such a sign, it would likely read “What buck?”
By way of an example: Does anyone with any sense really believe the President’s claims not to have known about the rise of ISIL in Mesopotamia? Does anyone not see through his attempt to blame the nation’s intelligence agencies for the fact that he attended less than half of the briefings those agencies held to apprise of these very facts?
Blaming the previous President and a recalcitrant House, the majority of whose members were sent to the Imperial City precisely to oppose the President’s policies, may have gotten the President through his first term. But today is a different story. The various bucks the President have passed have landed in the laps of other members of his party, and it’s looking more and more like they will be severely taken to task for that, in just a tad over four more weeks.