Category Archives: Political Commentary

The Story That Doesn’t Fit The Narrative

The media doesn’t want to talk about Fannie and Freddie:

Do you know how much we’ve committed to backstopping Fannie and its partner-in-crime Freddie Mac (FRE)? $400 BILLION! Back in February that was doubled from the original $200 billion.

But the news of the quarterly loss is getting hardly any attention. Nothing here at the NYT business section, for example. Nothing at the blogs that were going nuts when AIG was revealed to have paid out bonuses back in March.

The problem is that the Fannie and Freddie disasters don’t fit into any conventional media narrative. At AIG you had Joe Cassano, lurking in the shadows, turning AIGFP into his own personal casino, while taking home gargantuan pay.

Fannie Mae? They help nice families get into homes. Their motto is something about helping the people who help house America. Who could be against that? Plus, the Fannie and Freddy story doesn’t help explain the idea that laissez-faire deregulation is what allowed Wall Street to go crazy. Fannie and Freddy had their own freakin’ regulator, OFHEO. Two companies with one regulator to look into both of them.

And then you have all the Democrats on the inside (Rahm Emanuel, for example) on the outside (Barney Frank), who have ties to the company’s worst years.

Yes, inconvenient, that.

Another Topless Photo Appears

What is it with these gay marriage opponents?

And yes, let’s destroy Carrie Prejean for agreeing with the president.

I wonder if she agrees with the president that this officer should have been fired for being gay?

[Saturday-morning update]

Who is the rube?

why aren’t leftists upset at Obama for holding the same beliefs on gay marriage as Carrie Prejean? [h/t Instapundit]

Easy, they assume that he is lying. They think his Christianity based justification for opposing actual marriage for gays is simply a lie to fool the rubes on a hot-button issue. They know he might have lost critical support from left-of-center religious conservatives if he had really stated his true beliefs on the matter, so he just lied about his real beliefs to bamboozle the rubes.

Their comfort with this assumption that Obama is lying reveals a lot about contemporary leftists’ mores and their systematic contempt for their fellow citizens. They’re so full of themselves that they believe that the important thing is for them to have power, and that it really doesn’t matter how they get it. If Obama has to lie about his real beliefs about gay marriage then that’s acceptable in the cause of the greater good.

Have to break eggs to make the omelette.

St. Elizabeth

I’ve never been as impressed by Elizabeth Edwards as the media has wanted me to be (of course, the gulf between my perception of John Edwards and the media’s desires has been even wider). Kaus says that the media continues to be too soft on her:

You’re understandably focused on your own family. You won’t say Hunter’s name. She’s “irrelevant to your life.” You don’t know if Hunter’s child–which you call “it”–is John’s. You just know “It doesn’t look like my children.” You say Hunter had no right to disrupt your marriage. “Women need to have respect for other women.” But during the campaign an aide and friend of John Edwards, Andrew Young, stepped up and claimed paternity of Hunter’s child. Andrew Young has a wife. How do you think she feels about this? How do her children feel about it, and what other kids say about it, when they go to school? Do you really not care if she’s going through whatever she’s going through because she’s playing her part in a lie constructed in service to your husband’s, and your, unstoppable ambition?. How are you respecting her and her marriage?

Both of these people are complete hypocrites, and made for each other. Fortunately, though, they weren’t made for the White House.