That said, I remain a firm supporter of George Bush for the stance he took after we were attacked.

Democrat Barney Frank, the reliably liberal incoming chairman of the House Financial Services Committee, has been meeting with business groups offering a grand bargain. Democrats will lighten up on regulations that business finds burdensome, if business stops beating up on unions and starts supporting measures like broadened health coverage and a higher minimum wage.

Also from The Boston Globe, dated July 13, 2008:

Dan Fuss, vice chairman of Boston-based Loomis Sayles, which oversees more than $100 billion in fixed-income securities, also said he had been buying Fannie and Freddie paper in recent days because it was “outstanding value.”

Freddie and Fannie debt rallied sharply on Friday as investors bet they would get closer government backing and analysts said that this was in fact happening.

“Fannie Mae and Freddie Mac have never been more related to the U.S. government,” said Margaret Kerins, U.S. agency strategist at RBS Greenwich Capital in Chicago.

From US News and World Report, October 6, 2008:

Seventeen. That’s how many times, according to this White House statement (hat tip Gateway Pundit), that the Bush administration has called for tighter regulation of the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac. Congress has cooperated only once. In spring 2007, as House Financial Services Committee Chairman Barney Frank likes to point out, the House did pass a bill in response. The Senate did not act until 2008; Senate Banking Committee Chairman Christopher Dodd spent most of 2007 camped out in Iowa running for president. The legislation passed by Congress in 2008 enabled Treasury Secretary Henry Paulson to put Fannie and Freddie into federal conservatorship this summer when they failed. But it didn’t prevent them from spewing a huge amount of toxic waste, in the form of subprime and Alt-A mortgages, into our financial institutions from 2004 to 2007. As Stephen Spruiell points out in The Corner on National Review Online, Fannie and Freddie spewed out $1 trillion worth (face value) of subprime mortgages between 2005 and 2007. That’s a whole lot of toxic waste…

Dang that Bush!

In fact, President GW Bush tried – in vain – to regulate Fanny & Freddie back in 2006, 2+ years before the housing meltdown. And who thwarted him? Harry Reid, Nancy Pelosi and Barney Franks – all Democrats. Oh yeah and one more – Barack Obama. Who voted in favor of the bailouts too.

If you are going to point fingers, get them going in the right direction.

It’s time to let Mr. Bush go and focus on the here-and-now. It’s time for Democrats to man-up, take responsibility for their own messes and stop foisting blame anywhere but where it belongs.

There will be more states like the delusional North Carolina who will try to rewrite history in favor of their own agenda. I am reminded of my favorite words from the document that many citizens forget gave us the liberties and freedoms they so often take for granted:

Prudence, indeed, will dictate that Governments long established should not be changed for light and transient causes; and accordingly all experience hath shewn that mankind are more disposed to suffer, while evils are sufferable than to right themselves by abolishing the forms to which they are accustomed. But when a long train of abuses and usurpations, pursuing invariably the same Object evinces a design to reduce them under absolute Despotism, it is their right, it is their duty, to throw off such Government, and to provide new Guards for their future security.