This Week - 081005 - George Will Lies...Yet Again

[wronggone]

He didn't say democrats, he said government.

[djohnsonracing]

It is absolutely true, and the key Democrats involved were Dodd and Franks, who pushed their liberal ideas that all people "deserve" to own a home, not work for, and earn it. The sad truth is, that the country club republicans signed on to it as well, because it made their buds at the bank rich, at least for a while. Proof that most repubs, arent really conservatives, and that liberalism is a mental disorder. The constitution does not guarantee success, it merely provides the opportunity.

[michaelpc64]

I didn't hear him say ANYTHING about democrats in this bit...but the truth is that banks were forced to give loans that everyone (even the borrowers) knew could not be repaid. As usual, when liberals present their case, facts are very hostile witnesses.

[midfi101]

That statement is NOT a lie! That is one of the most true statements that I have heard from ABC in, in, in, hmmmm... Ever!

[beardedbrother]

The majority of the banks involved were not affected by the Community Reinvestment Act. Just more GOP obfuscation.

[Epic878787]

Sounded like he blamed government intervention. If so, he is right, starting with the Federal Reserve Act of 1913.

George Will is awesome!!!

[bradvg]

Actually - George is right. It started with the Community Reinvestment Act in 1977. Clinton reinforced it in January 1995 - it required banks to loosen their loan standards, so people who normally wouldn't get a loan now get them, even though they couldn't afford the monthly payments.You can't get something for nothing - but don't ask Obama that - you won't get an honest answer.

[Gerkinstock]

@bradvg... Actually, a better example of a "lie" would be Paul Krugman's assertation that Newt Gingrich is racist because he supposedly spoke out against the Civil Rights Act (see PK's 21 March 2010 NY Times column "Fear Strikes Out").  Krugman used a quote from Newt Gingrich critical of The Great Society and falsely claimed it as a sentiment typical of racist Tea Partiers. Though an editor's note acknowledged the erroneousness of his claim, Krugman has not been man enough to do so himself.