By BJ Bjornson
Ryan Chittum has a post up that documents a pretty decent push back of the mainstream press on Mitt Romney�s repeat of the Big Lie of the financial crisis, that is was somehow the government�s, and in particular Fannie Mae and Freddie Mac�s, fault and not that of the unregulated private sector.
Of course, that was Thursday. Today, glancing at memeorandum, I see one of the top stories is titled, �Facts show Fannie, Freddie led mortgage market to the collapse�. Sure, its from the Washington Examiner, but it helps to show why �the government did it� remains the conventional wisdom of the right and GOP candidates.
It doesn�t matter how many times the myth gets debunked and the facts are trotted out to show that it was the private sector and their speculation in toxic mortgages that were the cause of the financial crisis, you have an entire party ideologically opposed to the idea that the government can do anything good (unless it involves the torture or death of brown people, beating up peaceful protestors, or procuring expensive means to better carry out the same), while also being continuously brain washed into the belief that the private sector, left to its own devices, is the greatest and most efficient distributor of wealth that can ever be, with wondrous (and so far illusionary) self-correction mechanisms that would never allow these paragons of fiscal discipline to do something as terrible as cause a world-wide financial crisis with their poor judgement and often illegal dealings.
Combine those two points and the government just must be at fault. Anything else causes too great of a cognitive dissonance amongst the true believers, and as with every other faith-based movement, the vast majority of folks are just going to ignore the information they can�t process without changing their worldview, so the Big Lie that Fannie and Freddie are responsible for the financial crisis will live a long and happy undead life, impervious to the multiple stakings of fact-based commentary.
Farewell. The Flying Pig Has Left The Building.
Steve Hynd, August 16, 2012
After four years on the Typepad site, eight years total blogging, Newshoggers is closing it's doors today. We've been coasting the last year or so, with many of us moving on to bigger projects (Hey, Eric!) or simply running out of blogging enthusiasm, and it's time to give the old flying pig a rest.
We've done okay over those eight years, although never being quite PC enough to gain wider acceptance from the partisan "party right or wrong" crowds. We like to think we moved political conversations a little, on the ever-present wish to rush to war with Iran, on the need for a real Left that isn't licking corporatist Dem boots every cycle, on America's foreign misadventures in Afghanistan and Iraq. We like to think we made a small difference while writing under that flying pig banner. We did pretty good for a bunch with no ties to big-party apparatuses or think tanks.
Those eight years of blogging will still exist. Because we're ending this typepad account, we've been archiving the typepad blog here. And the original blogger archive is still here. There will still be new content from the old 'hoggers crew too. Ron writes for The Moderate Voice, I post at The Agonist and Eric Martin's lucid foreign policy thoughts can be read at Democracy Arsenal.
I'd like to thank all our regular commenters, readers and the other bloggers who regularly linked to our posts over the years to agree or disagree. You all made writing for 'hoggers an amazingly fun and stimulating experience.
Thank you very much.
Note: This is an archive copy of Newshoggers. Most of the pictures are gone but the words are all here. There may be some occasional new content, John may do some posts and Ron will cross post some of his contributions to The Moderate Voice so check back.
Saturday, November 12, 2011
The Undead Big Lie
By BJ Bjornson