Compassionate Conservatism, my friends.
This Administration, along with LBJ’s, proves that “Guns & Butter” don’t go together after all.
The speech was in ‘02...whatever good intentions were meant by that speech, Bush did propose changes to Freddie/Fannie—I think in 2003.
These changes presumably would’ve made the restrictions a bit tighter, or at least not allowed those entities to screw up like they did. Democrats resisted, and look where we are now.
Bush’s culpability seems to be less as an overt player and more of not pushing hard enough for the changes he (or his surrogates) knew were needed.
Also good intentions with long term consequences.