Bloomberg is out with another article about the financial collapse. In it they report that former Treasury Secretary Hank Paulson, who was in charge during the collapse, gave insider information to hedge funders. The following alledgedly took place on July 21, 2008

At the Eton Park meeting, he sent a different message, according to a fund manager who attended. Over sandwiches and pasta salad, he delivered that information to a group of men capable of profiting from any disclosure.

Around the conference room table were a dozen or so hedge- fund managers and other Wall Street executives — at least five of them alumni of Goldman Sachs Group Inc. (GS), of which Paulson was chief executive officer and chairman from 1999 to 2006. In addition to Eton Park founder Eric Mindich, they included such boldface names as Lone Pine Capital LLC founder Stephen Mandel, Dinakar Singh of TPG-Axon Capital Management LP and Daniel Och of Och-Ziff Capital Management Group LLC.

After a perfunctory discussion of the market turmoil, the fund manager says, the discussion turned to Fannie Mae and Freddie Mac. Paulson said he had erred by not punishing Bear Stearns shareholders more severely. The secretary, then 62, went on to describe a possible scenario for placing Fannie and Freddie into “conservatorship” — a government seizure designed to allow the firms to continue operations despite heavy losses in the mortgage markets.

Now who was President in 2008? Oh yeah! But again that is fact. Here’s what Andrew Breitbart’s Big Government is pushing this meme from their editor’s new book, Throw Them All Out:

This sort of behavior goes on regularly. Government officials can chose to release sensitive information to who they want. As I point out in my book, this has happened with Pentagon officials talking with investment houses about defense stocks and the defense budget, and Obama Administration discussions with commodity traders over plans to release the Strategic Petroleum Reserve. This is crony capitalism at its worse.

Ummm big problem there. Again – 2008. Again – BUSH WAS PRESIDENT!

The twisting and lying by the right is going beyond the pale. Every time a story comes about trying to lay out what happened in 2007 and 2008 to cause the economic collapse, they instantly blame Obama.

Are they liars or just absolute fucking morons?

And it doesn’t stop there. If you even try to correct them on this historic FACT, they instantly accuse you of “blaming Bush”. Bush was President then. The buck stopped there, though he tried to deny it. Say it’s “blaming Bush” all you want, but Bush was President in 2007 and 2008. No magical fairy dust is going to change that fact.

So here it is. From now on when you use the “blaming Bush” defense, you have already lost the argument. If you can’t acknowledge that fact that Barack Obama did not become President of the United States until January 20th, 2009 at 12:01pm, then you don’t even have a right to try and argue the issue. Instead your nothing but a moronic fucking liar!