Stanley Kurtz (NRO) presents a nice synopsis of the origins of the financial meltdown, spotlighting the key roles played by Fannie Mae, ACORN and, yes, President Obama. This is a grossly under-reported story and had the press done its job in 2008, we would have probably been spared the ongoing disaster of this presidency.
As America teeters on the brink of a second financial crisis, I think back to 2008, and the irony of a suprime mortgage fiasco propelling to the presidency a man who’d spent a career abetting the folks who’d caused the crisis to begin with.
Read the whole thing.
Well, we can't undo that first mistake but there's still hope we can prevent a second. I saw Marco Rubio speak for the first time recently and I agree with Bill Kristol that he would make a very impressive national candidate. And I also agree with Kristol when he suggests that (Paul) Ryan-Rubio (or its reverse) is as good a ticket as the GOP (and thus the nation) could come up with. Both are smart, knowledgeable, young and attractive and Rubio has the further benefit of neutralizing, if not reversing, the Dems advantage among Hispanics. Both Ryan (Wisconsin) and Rubio (Florida) are from swing states - another plus. But most important, unlike many Republicans and all Democrats, they have innovative ideas that address our most serious issues - economic growth (and all the good things that go with it - job creation, higher revenues, less poverty), entitlement reform, and tax reform. Crucially, Ryan and Rubio are convincing and forceful advocates. They won't get squishy when challenged.
It seems like every presidential election is declared to be an existential contest, but 2012 certainly appears to be that. So why not go with the best we have. And if, somehow, the electorate still chooses the same radical dunce for its leader, then it deserves the resulting catastrophe.
[Mark Steyn, always the optimist, gives us until mid-decade to turn things around and prevent armageddon - see column link below. And if you think that's an exaggeration, check out these photos of Detroit, (link below) a city that hasn't had a Republican mayor or city council member since the sixties. Not one. (Republican Louis Miriani's mayoral term ended January, 1962 and he may have been the last GOP council member, exiting in 1966. For this he deserves a statue)].