Mythmaking: 'The Fannie/Freddie fiasco was all Bush's fault'

Karl Rove buries that particularly obnoxious Libthink piece of slime meme forever.

Noteworthy:

"The housing meltdown is largely a story of greed and irresponsibility made possible by government privilege. If Democrats had granted the Bush administration the regulatory powers it sought, the housing crisis wouldn't be nearly as severe and the economy as a whole would be better off.

That's why some mythmakers are so intent on denying that Mr. Bush worked to rein in the GSEs. But facts are stubborn things, as Ronald Reagan used to say, and in this instance, the facts support Mr. Bush and offer a harsh judgment on key Democrats. Perhaps that explains why so many in the media haven't told the real story."

Of course, THAT particular truth does not fit into the "Hope 'n Change" lovefest currently playing, so it's pretty clear that the lies and distortions to counter-act the reality will contine to flow for quite some time to come.