Home > Cande = Conjecture & Exaggeration, Fande = Fact & Evidence, Original Thought, The Economy > The Propaganda of Fox…FAH-Q Brit Hume & Bret Baier

The Propaganda of Fox…FAH-Q Brit Hume & Bret Baier

FAH-Q =  For All to Hear and Question. ; )

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Fox “News” lies about Barney Frank’s position on the Financial Services Committee:

Fact & Evidence: Democratic Congressman Barney Frank was the ranking Democrat on the Financial Services Committee in 2003. The Democrats were the minority party in 2003 and did not have the political power to challenge the hegemony of the Republican Party of George W. Bush, Dick Cheney, Tom Delay, Trent Lott, and Dennis Hastert.

Conjecture & Exaggeration from Fox:

Minute 1:27: “Then Treasury Secretary Snow was getting a lot of pushback from then ranking member, now Chairman [since January 2007] of the House Financial Services Committee, Democratic Congressman, Barney Frank.”

THE REPUBLICANS CAUSED THE SUBPRIME-MORTGAGE PROBLEM FROM 2004-2007. IN 2003, THERE WAS NO SUBPRIME-MORTGAGE PROBLEM THAT WOULD TAKE DOWN THE WORLD ECONOMY BECAUSE WALL STREET HAD NOT YET RAMPED UP ITS PROBLEM-MAKING BY TURNING BAD HOME LOANS INTO STOCKS SOLD TO BANKS ALL OVER THE WORLD.

Minute 2:18: “The Legislation was blocked.” As if the Democratic-minority Congress in 2003 could have stopped the Republican-majority Congress in 2003…which was by that time rampaging on the Iraq War, cutting taxes for the Superwealthy, passing the Patriot Act, money laundering with Jack Abramoff, and undertaking every other oppressive tactic they could get away with, while America was scared sh*tless.

Minute 3:30: “[In 2006], fearing they didn’t have enough votes to pass it, Republicans didn’t even bring it [a bill to regulate Fannie Mae and Freddie Mac] up on the Senate Floor.” Let me get this straight. The Republican-majority Congress in 2006 did not even try to pass legislation regulating Fannie Mae and Freddie Mac? Wow! If the Republicans in the 2006 Congress couldn’t even be bothered to bring up the issue on the Senate floor, then it doesn’t sound like the Republican-majority Congress in 2006 thought that there was much of a problem with Fannie Mae and Freddie Mac.

I’m labeling this Fox “News” report as “Grade-A Propaganda.” Congratulations, Brit Hume and Bret Baier…you two represent the epitome of Propaganda.

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* As if the Democratic-minority in Congress during 2001-2006 could wield political power over the Republican-majority Congress of 2001-2006, backed up by the empowered Executive Branch of George W. Bush & Dick Cheney, 2001-2009.

** Remember, the heyday of “Subprime” was 2004-2007, during the majority of which time the Republicans held a stranglehold on all 3 branches of the US Government. (We, the People, voted in a Democratic-majority Congress that took office in January 2007, but by then all of the damage from the Republicans had been set in motion…culminating with the Wall Street bailout under CEO of Goldman Sachs/ US Treasury Secretary Hank Paulson in September 2008…about a month before we elected Barack Obama to clean up all the mess.)

*** Remember what George W. Bush talked about most of all when he was re-elected in 2004? Privatizing Social Security…W. organized cross-country speaking engagements packed with his supporters to propagandize his idea to privatize Social Security. Meaning, he wanted to turn our safety net of Social Security for the elderly into stocks traded on Wall Street. Thank God W.’s propagandizing never caught on, otherwise Social Security would have gone down the toilet with the rest of the US stock market, which lost half its value of 14,000 when it dropped below 7,000…thanks to the Economic Mismanagement of the Republican Party not regulating the buying & selling of “Subprime”-Mortgage-backed securities on Wall Street.

**** Remember, when George W. Bush, Dick Cheney, Tom Delay, Trent Lott, Dennis Hastert, Bill Frist, et al. held a stranglehold on our country, they did not market any kind of problems with “Subprime”-mortgages that the general public would become aware of. Remember how the Republicans went on a marketing blitz about “Weapons of Mass Destruction” that everybody in the world was aware of? This proves that the Republicans have no problem getting a message out, if they want to.

Do you remember George W. Bush trying to privatize Social Security? If the Republicans were truly worried about “Subprime” during their reign of power in the US during Bush’s Presidency, then we would have all heard about it. Because there was nothing the Bush White House loved to do more than scare the pants off the American people for their own political and monetary gain.

– Were the Republicans and the Bush White House simply trying to remove or weaken a competitor (Fannie Mae/ Freddie Mac) in the home-mortgage industry? Thereby providing cover for their corporate cohorts and Wall Street friends?

***** Remember, the problem was not Fannie Mae and Freddie Mac trying to provide affordable housing to low-income Americans. It was companies like Countrywide gaming the system. It was lack of regulation when Wall Street banks like Goldman Sachs peddled “Subprime”-mortgage-backed securities to their customers while Goldman shorted those same stocks. The problem was the Bush S.E.C. not doing any regulating of Goldman and AIG, regarding “Subprime.”

****** Republicans are the problem for the Middle Class. The Propaganda of Fox is another problem for the Middle Class.

******* Republicans will lie, cheat and steal.

******** Fox, the Propaganda Channel, will lie, cheat and steal.

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Republicans and Fox are BAD FOR AMERICA…

10 percent unemployment/ 17 percent underemployment

30 % (or more) loss of home values

401ks and stock portfolios lost half their value

Credit markets froze like ice in the freezer

Remember the intention of the $700 billion bailout for Wall Street banks in 2008; the banks were supposed to L-E-N-D that money into the larger economy, but they didn’t. Wall Street double-crossed the taxpayers. Instead of going bankrupt like Lehman Brothers, Bear Stearns, Merrill Lynch, and other failed banks, the banksters that remained paid themselves bigger bonuses than the year before…thanks to money from the US Taxpayers.

No problem: Fox “News,” the Propaganda Channel, is always there to distort the truth, contort the facts, and confuse the American Public…while the Republicans rob the country blind.

Clarification: Lloyd Blankfein, CEO of Goldman Sachs in 2009, got a smaller bonus that year…because he does “God’s work.”

FAH-Q too, Lloyd Blankfein!

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