The fact checker at the Washington Post has picked up yet another of those Obama untruths. They must have discovered that lies told to Democrats makes no difference to their voting patterns since the Post now seems so willing to point them out. So, did the Bush tax cuts cause the GFC as Obama has continually said. Over to you, Mr Fact Checker at the Washington Post:

The financial crisis of 2008 stemmed from a variety of complex factors, in particular the bubble in housing prices and the rise of exotic financial instruments. Deregulation was certainly an important factor, but as the government commission concluded, the blame for that lies across administrations, not just in the last Republican one.

In any case, the Bush tax cuts belong at the bottom of the list — if at all. Moreover, it is rather strange for the campaign to cite as its source an article that, according to the author, does not support this assertion.

We nearly made this Four Pinocchios but ultimately decided that citing deregulation in conjunction with tax cuts kept this line out of the ‘whopper’ category. Still, in his effort to portray Romney as an echo of Bush, the president really stretches the limits here.

Only a level 3 lie, not the gale force Pinocchio 4. But since it doesn’t get in the way of distribution of Obama phones, what possible difference could any of this make?