If It Falls Like a Patty and Smells Like a Patty...

"I believe the government is to blame for the recession
 and I'd like your vote"

Propaganda is bullshit someone wants you to believe in order to advance their agenda. The point of propaganda is to obfuscate the truth. If people believe the truth, then the snakes hawking the propaganda don’t stand a chance so propaganda is always hopefully something that people prefer to believe over the truth.

When it comes to propaganda about the Great Recession of ’08 no one does it better than the good old Grand Old Party. The “Party of the Establishment” would not be doing its job if they let greedy tycoons take the blame for turning our economy into a cesspool  so they have been doing what comes natural to them; they blame the people with less money.

It is not even worth the effort of embedding this video so I will just place the link here of deadbeat dad/Tea Party conservative Joe Walsh (R) Illinois meeting with constituents and tirading over the fact (propaganda) that the recession was caused by the government which FORCED banks to make loans to people who could not afford them.

I term Walsh’s bullshit as propaganda because it is just cover for the well-heeled people that were actually responsible for the subprime mess that was the root of the economic collapse. Walsh himself may not even be able to lay out the complete Republican line if asked, but I can and here it is. The Republican strategy is to scapegoat the Community Reinvestment Act (CRA) for causing the recession. The point of the CRA which was passed in 1977 was to encourage inner city banks to make loans in inner city areas where they take deposits. Foreclosures, on the other hand are a crisis of the suburbs and not the inner city. Furthermore, the CRA had no authority to FORCE banks to do anything.

Much of this information can be retrieved here by the CRA. It may be biased, but it is the most concise layout of information on the topic I have seen. I have yet to hear of a single banker claiming on the record to have been FORCED into making bad loans. The House of Representatives with its Republican majority has not held a single hearing on how banks were FORCED to make shitty loans to people who were not worthy. I am inviting them to do so right now, but it’s not going to happen. Whatever crappy loans that were made were not at the will of the CRA, or the government, but at the will of the banks themselves. If I am wrong, please correct me with actual facts. Anyone.