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Zero-down mortgage initiative by Bush is hit
Boston Globe ^ | October 5, 2004 | Chris Reidy

Posted on 06/10/2012 8:10:22 AM PDT by WilliamIII

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To: woofie
Sorry, but repeating it over and over reminds me of the

The truth?

121 posted on 06/10/2012 1:39:00 PM PDT by dragnet2 (Diversion and evasion are tools of deceit)
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To: raybbr

Wow Its nice when the whole crowd gets together

122 posted on 06/10/2012 1:44:09 PM PDT by woofie (It takes three villages and a forest of woodland creatures to raise a child in Obamaville)
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To: woofie

Ok, I’ll leave you alone. You are too emotional about this to discuss it without tossing insults.


123 posted on 06/10/2012 1:52:14 PM PDT by DManA
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To: woofie; DManA
When has a President been able to “fix” anything when the Congress didnt act? Maybe in your utopian dreams a President can be a dictator but the framers of the constitution didnt like that idea.

When did a president never veto a spending bill that put America into trillions of dollars of debt? Why, GW, of course. Not once in the first six years of his presidency did he veto a bill that spent too much money.

He didn't have to be a dictator - just be responsible and be honest.

124 posted on 06/10/2012 1:56:23 PM PDT by raybbr (People who still support Obama are either a Marxist or a moron.)
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To: DManA

“Can’t trust markets to house people. Must use the power of Government to HELP the people. Markets enrich the rich, government HELPS people.

That is the core belief of all statists.”

I don’t know who is crazier, those who worship the market or those who worship the government.


125 posted on 06/10/2012 2:06:33 PM PDT by Pelham (Marco Rubio, la Raza's trojan horse.)
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To: tcrlaf

The problem was indeed ‘helping people get homes’. Bush doesn’t get all the blame, but he contributed to it and it hit the critical point on his watch.

He occasionally made some noise about the Democrat-run Fannie and Freddie needing ‘reform’, but he didn’t deal with the larger issue and he helped to make it worse.


126 posted on 06/10/2012 2:19:48 PM PDT by 9YearLurker
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To: smoothsailing

Hey! Is that benburch?


127 posted on 06/10/2012 2:35:26 PM PDT by COBOL2Java (FUMR)
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To: smoothsailing; tcrlaf
Excellent work, (banning the thread poster) y'all!!! :o)

Great job!

Bush: By the end of this decade we will increase home ownership by at least 5.5 million minorities...dismantle barriers for home ownership

Bush: You don’t have to have a lousy home for first time home buyers, you can have as nice of home as anyone else!

Bush's speech pushing home ownership for millions of unqualified minorities..

Bush: Dismantle barriers for home ownership http://www.youtube.com/watch?v=MqR15H0gNBU

128 posted on 06/10/2012 2:58:06 PM PDT by dragnet2 (Diversion and evasion are tools of deceit)
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To: WilliamIII

What’s the bills number?


129 posted on 06/10/2012 3:21:15 PM PDT by NoLibZone (I trust Sarah Palin, Dick Cheney, Cain, Perry, Bachman : I trust their judgment on their 2012 pick.)
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To: COBOL2Java

LOL!!!


130 posted on 06/10/2012 3:24:49 PM PDT by smoothsailing
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To: woofie
You guys who want to blame Bush are just sad delusional sick people . . . .

The sad part is, if you look at the actual timeline (instead of posting BS from YouTube), Bush 43 tried to warn us about Fannie and Freddie. So did Greenspan. Heck, so did McCain (imagine that!).

No one wanted to listen. Now, folks simply want to score political points. To prove how "conservative" they are. LOL

131 posted on 06/10/2012 4:03:49 PM PDT by 1rudeboy
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To: Toddsterpatriot; Mase; expat_panama

Check out the hand-wringing on this thread.


132 posted on 06/10/2012 4:10:45 PM PDT by 1rudeboy
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To: woofie

That quote was from LtG Russel Honore.


133 posted on 06/10/2012 4:19:41 PM PDT by VMI70
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To: DManA

Im sorry if I hurt your feelings by saying you sound like a victim of BDS


134 posted on 06/10/2012 4:26:17 PM PDT by woofie (It takes three villages and a forest of woodland creatures to raise a child in Obamaville)
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To: donna; dragnet2; Jeff Chandler; WilliamIII

Welcome back, WmIII! Some of us missed you.


135 posted on 06/10/2012 4:55:35 PM PDT by VMI70
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To: donna

What about it? Home values dropping and equity lost is collateral damage, along with cookie cutter homes made of low standard materials (thanks to the 1994 NHS) instantly losing value that those homes will never see again.

It’s supply and demand; false demand created by gov’t policy which finally caves leaves over supply.


136 posted on 06/10/2012 4:58:38 PM PDT by CommieCutter
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To: VMI70

He is after all the BDS KING


137 posted on 06/10/2012 4:59:07 PM PDT by woofie (It takes three villages and a forest of woodland creatures to raise a child in Obamaville)
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To: DManA

So? I understand that.

The point of my post is I continue to see an evolving theme that Bush is almost exclusively guilty in the housing collapse. This is not the case. I have no qualms with addressing Bush’s “compassionate conservative” role whatsoever— or even lay a small share of the blame to the GOP for becoming the “me-too” party since the New Deal.


138 posted on 06/10/2012 5:07:37 PM PDT by CommieCutter
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To: CommieCutter
What do you mean what about it?

It's all government interference and unintended consequences. Those second mortgages were sold as tax deductible.

139 posted on 06/10/2012 6:14:19 PM PDT by donna (Mitt quote: ...gay couples raising kids. That's the American way...)
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To: Pelham
There’s an economist in SoCal, Chris Thornburg, who I once heard say that the boom in California after 2001 was equal to the amount of home equity withdrawal. And that when it stopped the economy would, too.

I think he was right.

And it was also like an anti-education campaign to the public. Thereafter, people somehow believed it was foolish to NOT spend their equity!

140 posted on 06/10/2012 6:18:23 PM PDT by donna (Mitt quote: ...gay couples raising kids. That's the American way...)
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