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Massachusetts Liberal

Observations on politics, the media and life in Massachusetts and beyond from the left side of the road.

Friday, December 09, 2011

Pants on fire

Wall Street has made beating Elizabeth Warren Job #1 in 2012. So why should we believe she is actually bankers' best friend?

But that's exactly what Karl "Bush's Brain" Rove wants you to believe with a Crossroads GPS ad that makes the deception behind Mitt Romney's twisting of Barack Obama's words seem like true facts.

The latest piece of fiction aimed at Warren portrays her as Wall Street's best friend on Capitol Hill, directing the TARP bailout.
“Congress had Warren oversee how your tax dollars were spent, bailing out the same banks that helped cause the financial meltdown, bailouts that helped pay big bonuses to bank executives while middle class Americans lost out."
Huh? It was Congress and Rove's very own George W. Bush who approved the bank bailout that rewarded banks that misbehaved.

Warren was on the outside looking in in 2008, getting involved to lead an oversight committee that put the bailout under a microscope, a task that led to the creation of a consumer financial protection agency that the GOP kept Warren from leading (and which they continue to obstruct).

Truth in advertising is among the foundations of consumer protection. But that same basic foundation does not apply to political advertising, allowing for whoppers by candidates and the independent political action committees that have flooded the airwaves.

Political advertising has always been a cesspool and both parties have been guilty of sensationalism. And campaigns have often used the trick of "previewing" the ad for journalists -- insuring free exposure -- without ever paying a dime to air them.

But the level of fraud this early in an election cycle is unprecedented. And there's little we can do except raise our own voices against this corruption of the political system and hope it is heard above the din of the lies.

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