Webloggin » Today’s Financial Crisis is Katrina All Over Again, But It Doesn’t Have to Be

Conventional wisdom, i.e. that of politicians that spend too much time listening to the mainstream media, is that the McCain campaign is conceding Democrat complicity in the Freddie Mac and Fannie Mae crisis because they are afraid of being called racists.

Perhaps they were correct that the media would try that one on for size. A perfect example is that the AP just launched a laughingly Daily Kosian type attack against Sarah Palin claiming that her “words carry racial tinge” because she had the balls to say that Barack Obama is “palling around with terrorists” in reference to William Ayers and Bernardine Dohrn. True to form, the AP did not mention the terrorists that Palin was referring to. They are so corrupt and rotten from that they can’t even bear to mention the names of the people that helped Barack Obama launch his political career.

Forget the fact that Palin’s word are absolutely true. From the warped pages of a syndicated propaganda outlet called the Associated Press these attacks are published across the world with lightening speed and all the McCain campaign can do is run away from it; as if confronting them head on would sink a campaign that is do its very best to sink itself.

Apart from being one of the stupidest and short sighted campaign blunders in recent history it is an affront to those that refuse to cast aside their values for the sake of appearing populist and safe.

Perhaps the biggest indication that the idiotic McCain campaign strategy on the financial meltdown is harmful to the Republican party is that the financial crisis caused by Democrats is turning out to be a positive for Barack Obama much as Katrina resulted in a majority Congress for Democrats in 2006.

But not everyone is taking this lying down. The Republican National Campaign Committee launched a new ad showing how Democrats blocked reform when Republicans sounded the alarm. This video comes on the heels of many other YouTube videos that also shows Democrats defending the failed financial giants Freddie Mac and Fannie Mae while simultaneously attacking Republicans for sounding the alarm in repeated instances.

Showing that this strategy may be working is the recent spate of Hollywood types defying the media narrative and laying the blame at the feet of Democrats.

The first breakthrough comes from Saturday Night Live, making fun of Pelosi and Frank for blaming the Bush administration.

The second breakthrough happened on HBO’s Bill Maher, of all places, by Alec Baldwin, of all people. Blaming Barney Frank from the confines of Maher’s show is a bit of uncharted territory.

The point is that the McCain campaign can lose while letting the media turn the latest financial crisis into another Katrina or they can do what should be done, stand up for themselves and put the blame of this fiscal catastrophe at the fett of the Democrats, exactly where it belongs.