Wed, Oct 1, 2008 6:39pm ET

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Time's Carney falsely suggested Clinton "pin[ned] the blame for the mortgage crisis on Democrats"

Summary: In a blog post, Jay Carney claimed that Sen. John McCain's "campaign has released a 60-second ad that uses Bill Clinton's words to pin the blame for the mortgage crisis on Democrats" without noting that in the interview clipped in the ad, Clinton actually said that "the biggest mistake" was the SEC's repealing of a regulation on short selling, when President Bush was in office.
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Posted by SueEld

Right, still Clintons fault. Got it.

Posted by pointofview in reply to SueEld

No, what Clinton said was that the dems SHARE some of the blame for this.  Many posters here, the COL included, claim that the dems share almost no blame.  He is of course wrong as he usually is.  Clinton is correct, the Dems did fail to control FM and FM, and they share some of the blame.  Just as he said. 

Posted by snoopy in reply to pointofview

No, many posters here say republicans and greedy mortgage lenders share most of the blame. That no doc loans had a lot of causality while the CDL loans the republicans point to had little causality. Vs. many of our right wing conservative posters here (see POV) who blame minorities and illegal aliens and solely democrats for this mess.

Posted by pointofview in reply to snoopy

You are truly an idiot.  i have never blamed minorities and illegal aliens for anything on any posts here.  Ever.  You are so used to playing the race card against conservatives, you will do it at any chance.  Facts or not. 

Posted by snoopy in reply to pointofview

Ever? No, you are so used to claiming you aren't a racist you have knee jerk reactions to the "race card" you like to claim I toss around like loaded dice. It doesn't take a rocket scientist to see how this entire campaign has been reduced to racism by republicans, but then again only a republican begins every criticism with "I ain't a racist, but..."

Posted by pointofview in reply to snoopy

Ok, so let me understand your twisted logic.  First, you say I went after minorities and illegial immigrants.  I tell you I never did...never.  You then respond by challenging that, but you can provide no evidence at all.  You then say a National campaign for president has been reduced to racism, which then somehow proves that I as an individual am guilty.  Finally, and this is my favorite, because you accuse me of being racist, and I say I am not....I must be, because other people say they are not racist when they are. 

That is by far the worst thing I have ever seen you post here.  You make no sense, provide no logic, and no facts.  You have reduced an entire party to being nothing more than racists, and all because a Democrat, Bill Clinton, said the dems share some blame in this current crisis.  I never truly understood how partisan, petty, and dumb you really can be until now.   

Posted by snoopy in reply to pointofview

Actually, if you want to get facts straight, your first "point" was that many posters here, the Col. included, claim that dems share almost no blame. then you took my response to your partisan claim and boiled it down to a "direct" attack against you (even though you started it by attacking posters here and then elevated it by calling me an idiot). Then you accused me of playing the "race" card whenever I get the chance because anything I post that you would consider "the race card" are articles of republicans saying some of the most racist things you can imagine (as if pointing out the obvious about republicans is somehow a crime) and then get all huffy indignant because in the end, I treated you from the beginning with the exact same contempt you treated posters here in general, and then me, with the same contempt that you brought to the table in the first place. What a whiney little baby you are, just like all those poor little elected officials who got so angry because mean ol nancy pelosi hurt their feelings.

If you want to keep dishing it out, learn how to take it.

Posted by pointofview in reply to snoopy

So in other words, when confronted with the total crap you post, you back none of it up and resort to finger pointing.  You are a joke. 

Posted by snoopy in reply to pointofview

now, point that at yourself and you'll be right for once. Let me know when you can move beyond baseless accusations, K?

Posted by pointofview in reply to snoopy

As always, I still wait for you to directly challenge any of the points I make.  The wait goes on.

Posted by snoopy in reply to pointofview

What points? You mean those sweeping generalizations you made with no supporting information to back it up? Still waiting...

Posted by Col. Harlan Sanders in reply to pointofview

Hey, Pointy, did you just look for somebody who wasn't posting today and try to sneak in some BS?

Hey, Oscar, I know there's enough blame to go around, I was venting a little over the "little picture" view I've been seeing in the media...(Me)Tuesday September 30, 2008 1:52:51 AM EDT /

There,I've pointed out another lie by you. It's OK. tomorrow you'll have some fresh lies, and as long as one or two squeak by, you'll thing you're credible. 

Posted by tommy

Carney is absolutely right on. No misinformation, only the facts, as stated by Bill Clinton.

"The McCain campaign has released a 60-second ad that uses Bill Clinton's words to pin the blame for the mortgage crisis on Democrats. The link to Obama is tenuous -- and nowhere does the ad acknowledge the fact that Fannie and Freddie were not the primary causes of the broader crisis -- but it could undercut Democratic arguments that Bush and the Republicans are primarily responsible. One imagines this is not the kind of help the Obama campaign was hoping to get from the former president"

Sorry MMFA, swing and a miss on this one. 

Posted by Marker

MM hits a grandslam on the misinformation. This whole mess is the fault of the repuglicans going back to Raygun. Repugs are poor when it comes to finances.

Posted by pointofview in reply to Marker

So MM is right and Clinton is wrong?  What a Jokeeee.  So now, even when a Dem ex President says the dems have blame, that to is conservative miss-info?Lol....you guys are amazing.

Posted by peebs755 in reply to pointofview

No, the point of this thread is that the McCain campaign took what Clinton said out of context by clipping the ad. You righties seem not to be able to grasp that simple fact.

Posted by snoopy

I'm sure y'all are well aware now that this bailout is gonna require a cutback in any candidates plans for the next 4 years. There will also be tax increases, but most importantly we'll face some very difficult budget cuts. I just got advanced word on McCain's budget cuts should he win:

Obama Pictures and McCain Pictures

Posted by eweston8542983 in reply to snoopy

Look out for your ears Bob.

Posted by worrierking in reply to snoopy

Hey Bob. While you're down there...

Posted by pointofview

Col

Not at all.  Was refering to that poot attempt at humor you created when you gave all of about 9 % of the blame to the Dems. 

Posted by worrierking in reply to pointofview

The Colonel said that the Democratic party shared some of the blame for this crisis.

You don't seem to have a problem with the statement, only with the actuarial figures. 

How would you apportion the blame. Please break it down for us.

Posted by pointofview in reply to worrierking

Fair enough.

In my view, it is very easy to say that this is a problem where blame can be divided right down the middle.  The heart of the current problem is nothing new, and has been repeated historically many times.  Some of the circumstances have changed of course, but the fundamental problems are the same.

The current problems began under Clinton and manifest themselves under Bush.  While the Dems always  cry for more regulation and the conservatives less, both have been in leadership roles, both in Congress and the White House, and both sides failed to act.  All you have to do is look at the massive contributions made to leaders in both parties to see that no one….no one was truly looking out for the average American.  Looking at the credit industry, insurance, banking, and the home lending agencies, the goal has always been to inflate profits and provide a false boost to the economy. 

The dems fought to change the ways banks look at credit and equity, and forced institutions to make loans that were high risk at best.  The conservatives let it happen because it boosted the numbers of home owners and they could take credit for that.  Everyone knew the housing bubble could not last.  It was insane to believe that 10, 20, 30 percent annual increases in home prices could be maintained, but they all let it go on.  No one with any common sense would allow themselves to believe that low income home owners could afford ARM loans when the time came due.  The only way that has any chance of working in the short term is through artificial increases in home values that then allow the loan to be re-written, using the artificially high value of the home as a basis.  It was a vicious circle everyone knew would end at some point.

There was no champion here among the dems.  They are equally guilty, along with the conservatives, of allowing this to happen.  On a societal perspective, individuals are equally responsible.  This idea of predatory loans is a joke.  How some one making $40,000 a year can convince themselves they can afford a $500,000 home and an $50,000 car is beyond belief.  The same greed and reckless behavior showed by Both political parties was accepted and  encouraged by a public lacking the self control to say no to easy credit and risky financial moves that risked their entire future for a short term gain.  

Posted by shaggles

It's easy to parse what you want to hear out of what Clinton said. It's funny that when Clinton appears to say something the right likes he's an unquestionable authority but for the past 16+ years they've painted him as the biggest liar in the world. Doesn't seem like this ad is going to help much.

Posted by pointofview in reply to shaggles

I am not commenting on the new add.  I have not seen it.  I am only commenting directly on what Clinton SAID.  There is no doubt about his actual words.  The other side of the coin you are talking about is the fact the those on left defend anything and everything Clinton, until he says something they dont like.  Then the perspective changes. 

Posted by shaggles in reply to pointofview

My comment was not directed at you or any other poster.