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Does The White House WANT To Lose?

According to the Washington Post, President Obama has decided to support a continuing government role in the housing market and plans to keep Fannie Mae and Freddie Mac operating with government guarantees into the indefinite future.

The decision is a GOP dream come true and could play a significant role in the campaign.

If you wanted to link ACORN and community organizers with Wall Street profiteers and nationally unpopular liberal icons like Barney Frank, handing the Fannie Mae issue to the GOP in 2012 is the way to do it.  Gretchen Morgenson and Joshua Rosner laid out a GOP roadmap in Reckless Endangerment.  According to their (controversial) account, Fannie Mae was a kind of Democratic Enron as poverty hustlers united with Wall Street profiteers to rape the Treasury while abusing the poor; the net cost to the taxpayers for Fannie and Freddie could well reach $389 billion.

Imagine the ads.

Fannie Mae is a poster child for everything that many voters don’t like about the Obama administration: a corrupt, taxpayer funded behemoth whose well intentioned interventions ended by creating a massive disaster.  Now the administration is handing this juicy issue to Republicans on a silver platter.

Is the White House trying to throw 2012?

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  • Aaron

    Brett Stephens was right. I think they’re just really stupid.

  • ARH

    How much would this issue resonate with voters anyway? Republicans can complain about how under Obama’s watch, baked beans have become too spicy, and the conservative masses would swoon. ACORN, Fannie Mae, and baked beans. It’s all the same to a certain crowd. Question is, will any of these resonate with the middle anymore than 9%+ unemployment?

    Sigh, while I’m bored with Obama’s unimaginative policy prescriptions, and inability to challenge either his own base or the GOP, I am soooooo not looking forward to a Rick Perry Presidency. Perpetual war, here we come.

  • mezzrow

    Perpetual war, here we come.

    And that would differ from the Obama presidency exactly how again? The only difference I can see is that after a day of 70 deaths in a war theatre, you don’t see screaming editorials in the usual media organs now that a progressive “lightworker” holds the reins of power. With “Slick Rick from Paint Creek” (I can hear it now) in the saddle, we would be reading about the new apocalypse today a dozen times over.

    Please. It just doesn’t work any more. The biggest thing in Perry’s favor is that he’s pretty bulletproof in terms of being affected by that kind of effort from the usual suspects, I hear.

    If you’re really serious about getting out of foreign military entanglements, go vote for Ron Paul. He’s the only candidate promising to end it who actually will end it – that’s why some say he’s “crazy.” He says what he means, and means what he says. That doesn’t compute in today’s political culture.

    BTW – I’m not a Paulista myself, but still…

  • nb

    Not a single Republican candidate is going to make an issue of FannieMae etc, I guarantee it. Big Government/Corporatist corruption and bingeing is just as much a Republican as a Democratic game, and that, in turn, because the public itself loves its illusions about easy government sponsored ways to prosperity.

  • nolanimrod

    ARH has a point. I never thought of it in quite that way but it is so.

    If Obama doesn’t get re-elected whoever wins, now that Huntsman and Pawlenty are out, is in for 4 years of ___ lied people died! and ____hitler and Oh! The Homeless! and Stay Out of Our Vaginas! or Stay Out of Our Rear Ends!

    Is all that worth it just to save the country?

  • Corlyss

    Well of course he wants to continue proping up mortages. Who gets them? Minorities. He wants them to show up at the polls, despite the fact that they have higher unemployment, lower graduation scores, and lower incomes. The Democratic party is perpetuating the fantasy that the Dems are the party of the little guy.

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