Just think if he'd gotten that legislation in place. There might still have been some problems with the mortgages that were made BEFORE that time, but a large number of them were made in the 2003-2005 time frame. When the real estate market went through one of it's regular down cycles, many of those folks were caught with upside-down mortgages, and walked away from them, thus putting the pressure on the financial system.
I guess you're not aware that Pres. Bush DID recognize the problem, and pushed for legislation to rachet back BOTH Fannie Mae and Freddie Mac in 2003 AND 2005.
Nobody (The General Population of Sheep) knows that fact. I know this fact, you know this fact, and most informed people (not that many) know this fact. And this gets exactly to the point, Bush has low approval ratings for the way he has handled himself and his image and his policies. Absolutely horribly.
If Bush had been LOUD, VOCAL AND CONTINUED TO FIGHT, he would have a lot higher public opinion. Whenever he did speak, it was painful to watch. (This could be because of the horrible advice he was given by his advisers). George Bush and a majority of the Republicans do NOT seem to be willing to stand up to the liberal press and establishment, and the same thing occurs each time, more loss of support. When one is bullied and does nothing, the result is more of the same if not worst . The left is great at character and policy assassinations, this makes the policies and personalities of Republicans look undesirable to the sheep, thus causing LOW APPROVAL RATINGS.
The internet is very powerful, but this election should tell you something, some people are still in the stone age. Everyone is still not online, and people still listen like sheep to the MSM. The MSM is indeed one of the most powerful forces in the country, as they in fact won the election for Osama Obama.
This election was just another win for the media. They won in 92 and 96. We held them off in 2000 when they presented us with a strong challenge. We got by in 2004 again, BUT it enraged the media. The media got back to doing what it does best, trash the GOP/conservatives and other non-liberal ideas.
OFF TOPIC ZONE.
Sorry for my long ranting posts these days. I'm bummed out over Obama winning this election by such a large margin. I have to many thoughts racing in my head at any given time involving politics these days.
SuziQ said:
He was beaten back by the Democrats in the Senate, in collusion with RINOS.
McCain proposed changes in 2005 as well, and he is labeled a RINO by most. It was not the RINO's, it was the MSM. The ultra liberal democrats complained regulations would be racist and prevent blacks from getting houses, and the MSM shoved that message down everyone's throats.
PS. I'm a moderate. I'M NOT THE CAUSE OF ANY OF OUR CURRENT POLITICAL PROBLEMS. Blame the people who deserve the blame. The Ultra-liberal MSM. I've supported Bush non-stop and I have supported McCain nonstop. A lot of my friends (younger generation) are moderates. We do not support ultra liberal agendas. That means we do not support the Democratic Party. We are not peace activists. We do not want more government knows best rules. We do not want the UN. We want smaller government. We want less taxes. We want a super strong military. We do not want affirmative action. We do NOT want universal style health care, We all know that Canada and Europe are jokes. We do not care what the rest of the world thinks, we broke away from the rest of the world to create a better country.
It seems the younger people that have not formed much of an opinion on political issues are the ones who start falling for the MSM ultra-liberal garbage. Who can blame them, for two reasons. Public School criteria is almost entirely liberal, and when the press starts their usual garbage spewing, Republicans sit back and watch the MSM hate fest and do not stand up for themselves.