“If you tell a lie big enough and keep repeating it, people will eventually come to believe it. The lie can be maintained only for such time as the State can shield the people from the political, economic and/or military consequences of the lie. It thus becomes vitally important for the State to use all of its powers to repress dissent, for the truth is the mortal enemy of the lie, and thus by extension, the truth is the greatest enemy of the State.”
There's a Big Lie currently making the rounds, and Obama's reelection depends on it. The lie is that Republican policies are to blame for the state of the economy. "We can't go back", it is said, "to the Bush era policies that got us in this mess to begin with". And what's alarming is the Republicans seem to be unnerved by this ridiculous slander and can't (or won't) offer a rebuttal. Romney must counter this load of bollocks with the truth or he could lose this election. This lie is the keystone of Obama's reelection effort. Attacking it will force Obama to talk directly about the economy, it will make him defend his policies and keep him from changing the subject with this distraction or that. And it's easy enough to do.
Now, what is the truth? How and why did the economy crash? If there is one thing that can be pointed to it is the Community Reinvestment Act of 1977 (Clinton revamped the law in 1997 to close the "mortgage gap" between black and whites). In a nutshell the CRA was a tool used by Democratic politicians and advocacy groups like ACORN to shake down banks. They were required, not encouraged mind you, required to make sub-prime loans based on race, geographic areas etc., doing away with normal underwriting criteria. Often times the advocacy groups themselves were the decision makers on the loans (horrifying but true). Furthermore these very same advocacy groups shook down banks for millions in "grants" with the help of the Federal regulatory gun to their heads of course. A real estate bubble was created, the banks and Wall Street started dumping the loans into questionable investment devices and trading them around, many eventually found their way to Fannie and Freddie. Investment houses and banks went belly up (some bailed out some not) and Fannie and Freddie are still costing us billions. You know the rest.
The point is we are living the policies that "got us into trouble to start with". Very little has changed. It wasn't a "Wall Street" problem. It wasn't "greedy banks". It was a problem of stupid, corrupt, shortsighted politicians (see Chris Dodd and Barney Frank) cow-towing to the far left to shakedown financial institutions. Romney MUST make this argument! And the first place I would look that could really bring this point home is the past leaders of ACORN like Bertha Lewis and the Rathke brothers Wade and Dale. They ripped off millions and are now living high on the hog with money that can be traced back to you and I, the American taxpayer (some commies they are!). Put a face to the scandal, explain how and why the Democrats are lying and for God's sake stop letting the Democrats get away with crying orphan.