Maxine Waters, a key Democrat congresswoman that has been implicated in blocking government oversight that could have prevented the current financial crisis, was caught lying Friday evening about her connection to failed lenders Fannie Mae and Freddie Mac.

During the panel discussion of HBO's "Real Time," Waters was challenged by the Wall Street Journal's Stephen Moore about the campaign contributions she's received from these government sponsored enterprises.

Despite what public records clearly show, Waters denied she had ever taken any money from these two companies (video embedded right courtesy our dear friend MsUnderestimated):

In a subscription-only editorial yesterday, Wall Street Journal Editorial Board member Stephen Moore notes that many countries in the rest of the world, including a few you'd never expect, are adopting the tax-cutting policies of Ronald Reagan, to their benefit:

Earlier this year the cover of Time Magazine depicted Ronald Reagan with a tear running down his cheek -- the message being that the political class has abandoned the Reagan legacy.....

Ironically, the Reagan economic philosophy of lower taxes, less regulation and free trade has never been more in vogue abroad -- so much so that it has become the global economic operating system.

Let's call this phenomenon Reaganomics 2.0.