Friday, October 17, 2008

Fight the Smears

The Obama campaign has a website debunking all those stupid rumors the right-wing nutjobs are spreading about him.

Especially disgusting is the recent trend of the GOP to blame the economic crisis on the poor who borrowed subprime loans, and organizations that they think helped them do it (like ACORN).
"...attacks against ACORN and community organizers continue a vile Republican pattern of mockery and viciousness against this noble profession. Community organizers are the very individuals Republicans should be celebrating for helping people to help themselves rather than depending on the government."

Just like illegal immigrants, attacking the poor is easy because as a group they do not have the same (if any) means to respond. Did people borrow more than they should have to buy a home or to buy consumer goods? Of course. But the banks that lined up to give them credit, no questions asked, now have a bailout on top of the millions they made off of the scheme. They will be just fine, while the borrower is on the brink of disaster.

The GOP is trying to steer attention away from the fact that the crisis was caused by greed, by the shameless practice of issuing credit default swaps, and the natural effects of deregulation.

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