Obama lies, blames and plays politics after stock market drop

Completey ignoring and spinning the fact Dems running Hud and GSE’s caused this problem

“We did not arrive at this moment by some accident of history. This was not a normal part of the business cycle. This was not just a few bad apples on Wall Street. This crisis is a direct result of a philosophy that the folks running Washington have been following for decades. It’s a philosophy that says we should give more and more to those with the most and hope that prosperity trickles down to everyone else; a philosophy that says even common-sense regulations are unnecessary and unwise; a philosophy that lets lobbyists shred consumer protections and put the needs of special interests ahead of working people. And what we have seen over the last few weeks is the final verdict on this failed philosophy. It is time to turn the page.”