I've been debating far-right wingnuts on Facebook in a feeble attempt to try to influence the election. The wingnuts are hopeless, but lots of other people read the postings.
I'm stumped tonight by a new accusation I hadn't heard -- a right-wing meme that the financial meltdown was caused by Democrats who FORCED banks to finance mortgages for low-income people with poor credit histories.
Here is what the lady posted to me tonight which has me stumped. I've tried a Google search on the subject but only get right-wing confirmation of her statement:
"You blame republicans for the HUGE crash.That HUGE crash came because demcratic politicians with the help of Acorn forced banks to make loans to people so they could buy houses that they couldn't afford.And yes the people who made those loans have to take some responsibility also.You don't spend money that you don't have. In what universe does that make sense? Talk about living in a fantasy world. The financial investment company( Frannie Mae and Freddie Mac) that needed regulating and created this mess to begin with was not being regulated and had NO oversight .The democrats, Barney Frank, Maxine Waters and many more, would not let that happen.They recieved 100's of millions of bailout money and THEY still are not included in the Bill that was passed for oversight of Financial institutions.After all that money given to them they are STILL in trouble.How does that make sense."
If anyone can explain this so I can respond to her, I would appreciate it.