By Liz PeekPublished November 02, 2012 FoxNews.com–
The Greeks, the Incas, the Hittites – all created myths to explain life’s mysteries. They have nothing on the Obama campaign.
Remember how the Supreme Court decision allowing corporate political spending was going to undermine Democrats, uh, that is, democracy? How Republican super PACs would give Governor Romney an insurmountable spending advantage? As it turns out, the Obama campaign has raised more money than the GOP candidate – almost $1 billion dollars – even while as recently as August Obama was e-mailing supporters, warning that he was going to be outspent. Obama has run 160,000 campaign ads so far, compared to 140,000 for Romney.
Another myth central to Obama’s campaign is that Mitt Romney wants to go back to the “policies that got us into trouble in the first place.”
What are those injurious Republican policies?
Presumably the president refers to the deregulation of financial institutions that liberals blame for the recession. But, it was Bill Clinton who repealed Glass-Steagall. The Gramm-Leach-Bliley bill, which undid that long-standing law, passed the Senate 90-8, with Vice President Biden among the many Democrats supporting the measure. By contrast, George Bush was a regulation nut. It was during his administration that the country adopted the oppressive Sarbanes-Oxley legislation.