Sean Hannity - Blames Economic Crisis On Excessive Regulation

[Median Democrat]

Yesterday, during the AIG hearings, a Republican congressman blamed the crisis on too much government intervention, and Hannity blamed the current crisis on Carter/Clinton/Obama's love of regulation and government intervention.

I would not underestimate the power of the Republicans backed by the full force of the corporate media to convince the American people that up is down, that Obama caused the current economic crisis, and that the solution is to elect Republicans who support additional deregulation. Afterall, according to Hannity, the mortgage meltdown was caused by government encouraging minorities to purchase homes.

I wish Hannity was an isolated voice in the wilderness, but overhead some dittoheads at a coffee shop repeating these same talking points as if they were the god given truth.

There is a large segment of society that is absolutely immune to reality.

[tridim]

1. Noted and ignored Mr. Manatee

[Median Democrat]

2. Mother Jones - The Irony Is That Clinton and Carter Were Also Big Deregulators

In sharp contrast, Bush was the one who was pushing for the ownership society in which folks who could not afford homes should purchase them with crazy mortgages.

http://www.motherjones.com/politics/2008/03/its-deregulation-stupid

/snip

Democrats from Carter to Clinton helped roll back the government's regulatory power, but as the economic crisis deepens, "regulation" is no longer such a dirty word

/snip

[Kalyke]

4. I hate that KO calls him The Manatee.

Manatees are sweet, kind herbivores who get hurt by boats, primarily, because they're curious and inviting and swim to the surface to check out what's really going on.

None of that sounds like Sean Insannity.

[liberal N proud]

3. Huh?

[cwcwmack]

5. lol @ Hannity

the funny thing is...

at least Limbaugh thinks... he's WRONG, but he thinks. Don't get me wrong, he's an asshole.

But Hannity is a tool, a parrot for the neocons.

[Zynx]

6. Ummm.....What? That requires explanation.

Make someone defend how a collapse in the shadow banking system(the unregulated one) which caused this was brought about by excessive regulation. That makes literally no sense.

[FlyByNight]

7. Very Orwellian

That's exactly the opposite of what happened.

Hannitwit can't be this brutally stupid, can he? Actually, I suspect he's not. He knows his fans are unable or unwilling to think for themselves and he has neo-con/Friedmanite "product" to push.

He's nothing but a parrot.

[shotten99]

8. The same guy who foamed at the mouth and beat his head into his desk everytime someone mentioned

a problem with the economy in front of him. He didn't admit there was a problem until what? Two days before the fucking election? No one should be taking his ass seriously.

[jenmito]

9. He also said Obama surrendered to the terrorists by deleting certain words from Bush's old

"war vocabulary."

[benld74]

10. WH needs to go after the other talking idiots on radio and tv, NOT JUST Limbore!

[Birthmark]

11. "a large segment of society that is absolutely immune to reality"

That is the core of the problem. Republicans don't care about reality or facts. Sure, they'll use facts and reality in those few instances where they support Repuddinhead's views. But the Repuddinheads are perfectly comfortable with making things up, denying even obvious reality, creative editing, and any other underhanded trick available to push their one sick, anti-American views.

[Median Democrat]

12. Sadly, A Media Empire Is Built On Misinformation - Look At This NYT Bestseller "Meltdown"

The right wing media has created a parallel universe where conservatism did not fail the people. The people failed conservatism. Case in point is this bestseller explaining how regulation caused the economic collapse:

<>

/snip

From the Inside Flap
Is Capitalism the Culprit?
The media tells us that "deregulation" and "unfettered free markets" have wrecked our economy and will continue to make things worse without a heavy dose of federal regulation. But the real blame lies elsewhere. In Meltdown, bestselling author Thomas E. Woods Jr. unearths the real causes behind the collapse of housing values and the stock market--and it turns out the culprits reside more in Washington than on Wall Street.

And the trillions of dollars in federal bailouts? Our politicians' ham-handed attempts to fix the problems they themselves created will only make things much worse.
Woods, a senior fellow at the Ludwig von Mises Institute and winner of the 2006 Templeton Enterprise Award, busts the media myths and government spin. He explains how government intervention in the economy--from the Democratic hobby horse called Fannie Mae to affirmative action programs like the Community Redevelopment Act--actually caused the housing bubble.

Most important, Woods, author of the New York Times bestseller The Politically Incorrect Guide to American History, traces this most recent boom-and-bust--and all such booms and busts of the past century--back to one of the most revered government institutions of all: the Federal Reserve System, which allows busy-body bureaucrats and ambitious politicians to pull the strings of our financial sector and manipulate the value of the very money we use.

Meltdown also provides a timely history lesson to counter the current clamor for a new New Deal. The Great Depression, Woods demonstrates, was only as deep and as long as it was because of the government interventions by Herbert Hoover (no free-market capitalist, despite what your high school history teacher may have taught you) and Franklin D. Roosevelt (no savior of the American economy, in spite of what the mainstream media says). If you want to understand what caused the financial meltdown--and why none of the big-government solutions being tried today will work--Meltdown explains it all.

/snip

[ejpoeta]

13. that must be exactly what the problem is. i mean, letting the companies regulate themselves

and making it possible for them to not have to have the money to back up their bets.... yes, that must be too much regulation that caused that. thanks for the heads up mr hannity.:sarcasm: