Adding a point to the post below — imagine if Barack Obama had given a speech at NASDAQ in September 2007 where he said, “Subprime lending started off as a good idea — helping Americans buy homes who previously couldn’t afford to.”
It was a good intention, perhaps, but not a good idea.
Or if, in the same speech, Obama had said, “Repeated calls for better disclosure and stronger oversight were met with millions in mortgage industry lobbying,” it would be worth noting just how much money Obama received from Fannie Mae and Freddie Mac employees and PACs, no? $126,349, more than anyone except Chris Dodd?
Don’t you think a comment like this — well into the subprime crisis — is worth bringing up during all of this? Shouldn’t those comments – say, if you could get the audio on YouTube or something — belong in an RNC ad?