Welcome to Fantasy Island (VDH)

Listen to the president and one would think that he was in office during the financial crisis that began on September 15, 2008. For the nth time, Obama reminded the nation on 60 Minutes of the financial meltdown he inherited. That is his usual way of suggesting to the American people that they could hardly hope for normal times after six years of his own governance. In truth, Obama entered office on January 20, 2009 — over four months after the collapse of Fannie Mae and Freddie Mac that precipitated a general financial meltdown.

One would not expect Obama to fault past liberal congressional intervention in the financial sector that in large part forced the issuance of subprime risky mortgages, much less the earlier deregulation of the financial industry under Bill Clinton that helped fueled the rampant speculation. .......

In the make-believe world of Barack Obama, the American financial system melted down hours before he took office due to the crimes of others. He then quickly saved it, and devised an economic plan that has made Americans far better off than when he entered office. Obama next went on to revolutionize the energy sector to lower gas and electricity prices, brought stability to Iraq only to see it destroyed by others, and crafted a unique outreach to the Islamic world that has lessened the threat of violence and cooled passions in the Middle East. The net result, as the president reminds us, is a more secure, quieter world than anytime in history and unprecedented good economic times at home.

Obama has a bad habit of claiming credit for good things that he opposed, and for blaming others for the bad things for which he was responsible.

It was the best of times. It was the worst of times.

Depending on his audience.

Listen instead to both Obama and Vice President Joe Biden who at variously times bragged about Iraq’s “security” and “stability” that made it potentially one of the administration’s “greatest achievements.” In other words, one might have thought that Obama ordered the successful surge that brought such stability, rather than opposed it vehemently, and declared it a failure when it had succeeded.

Obonics.

To translate Obonics to English, you take whatever he says and turn it around 180 degrees.

As America dies from Obola's latest October Surprise,
THINK BACK to his first:

PART 1: - Endless Loans to Illegal Aliens, and then the Gambling Bankers without Accountability

PART 2: October Surprise to THROW Election2008, driven by Paulson/Geithner/Dodd/Obama and the so-willing MSM.

Rep. Kanjorski: $550 Billion Disappeared in "Electronic Run On the Banks"
"On Thursday Sept 15, 2008 at roughly 11 AM The Federal Reserve
noticed a tremendous draw down of money market accounts in the USA
to the tune of $550 Billion dollars in a matter of an hour or two.
Money was being removed electronically. The treasury tried to help with $150 Billion.
But could not stem the tide. It was an electronic run on the banks
The treasury intervened but had they not closed down the accounts they estimated that by 2 PM that afternoon.
Within 3 hours. $5.5 Trillion would have been withdrawled
and collapsed and within 24 hours the world economy."

FLASHBACK: from 9/15/08:

“U.S. President George W. Bush said Monday he is confident
that the markets are resilient and can deal with the latest financial blows.
“We are working to reduce disruptions and minimize the impact
these financial market developments on the broader economy.” ...

U.S. Democratic presidential candidate Barack Obama
said eight years of Bush “brought us the most serious financial crisis
since the Great Depression.”

His Republican rival said John McCain said he was happy the
federal government decided not to use taxpayer dollars to bail out Lehman Brothers.”

How did Obama know THEN
that we would experience the ‘most serious financial crisis since the Great Depression’
when those who did not plan the takeover would not know for three more months?

Obama might at least admit that when he entered office the panic had largely passed. The tools needed to deal with it that he embraced had months earlier been implemented by someone else.

If only there was a Republican who had the balls to point this out.

I hope Barney Frank and Chris Dodd burn in hell.

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