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Posted at 12:00 AM on Wednesday, July 08, 2009 by David Horowitz
Darrell Issa and the Republicans File a False Report on the Origins of the Economic Meltdown

Republican legislator Darrell Issa and the Republican staff of the Government Oversight Committee have put out a report on the cause of the economic meltdown that appears to be based on false premises and therefore draws false conclusions. The report claims that the economic crisis can be traced to government pressure on lenders to give loans to poor people and minorities whose credit would not warrant such loans. The statistical evidence shows however that this is false. The primary culprits in the mortgage crisis were no down payment loans or low loans to value as pointed out in a previous blog. You can check the facts in this article . The position taken by Issa and many Republicans is not only factually wrong-headed, it has ugly racial overtones, intended or not. Republicans should back off from these charges unless they have answers to the evidence that shows otherwise.


David Horowitz is the founder of The David Horowitz Freedom Center and author of the new book, One Party Classroom.


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