Barney Frank's Race-Baiting

One popular tactic used by the left is to suggest that those who disagree with them are against the poor or, better still, are racists. Representative Barney Frank is an overachiever, and so he accuses his political foes of both. According to Frank, those Republicans who have blamed the current financial crisis at least partially on the foolish mortgage loans made to low-income families are racist.

Thankfully, not all his political bedfellows engage in buck-passing demagoguery. Here's a quote from Arthur Davis, a Representative and member of Congressional Black Caucus:

Like a lot of my Democratic colleagues I was too slow to appreciate the recklessness of Fannie and Freddie. I defended their efforts to encourage affordable homeownership when in retrospect I should have heeded the concerns raised by their regulator in 2004. Frankly, I wish my Democratic colleagues would admit when it comes to Fannie and Freddie, we were wrong."

If only all politicians were so honest!

HT: Wall Street Journal