Remember the July 2008 Presidential Press conference?

[Old and In the Way]

From July, 2008-

To help address challenges in the housing and financial markets, we announced temporary steps to help stabilize them and increase confidence in Fannie Mae and Freddie Mac. These two enterprises play a central role in our housing finance system, so Treasury Paulson has worked with the Federal Reserve Chairman Bernanke so that the companies and the government regulators -- put the companies and the government regulators on a plan to strengthen these enterprises. We must ensure they can continue providing access to mortgage credit during this time of financial stress.

President George W. Bush gestures as he speaks with reporters during a news conference Tuesday, July 15, 2008, in the James S. Brady Press Briefing Room of the White House. White House photo by Joyce N. Boghosian I appreciate the positive reaction this plan has received from many members of Congress. I urge members to move quickly to enact the plan in its entirety, along with the good oversight legislation that we have recommended for both Fannie Mae and Freddie Mac. This is a part of a -- should be part of the housing package that is moving its way through the Congress. And I hope they move quickly. The newly proposed authorities will be temporary and used only if needed. And as we work to maintain the health of Fannie Mae and Freddie Mac, we'll work to ensure that they remain shareholder-owned companies"

Read the rest of his bullshit here: http://www.whitehouse.gov/news/releases/2008/07/20080715-1.html

Now remember this from Fratto's comments 2 days ago....(I paraphrase) "we were discussing the emergency months ago.

My question is...was he lying then or was his press secretary lying now? Or were they lying both times. Tough call, I'll go for option 3.

[mckara]

1. Yes, Option #3. They ALWAYS Lie!

:mad: :mad: :mad: :mad: :mad: :mad: :mad: :mad: :mad: