Posted on 07/24/2015 12:44:27 PM PDT by Jim W N
If you’ve been paying attention the news the last few weeks, you’ve no doubt seen the meteoric rise of GOP presidential candidate Donald Trump, as the hype train for the real estate mogul shot into light speed after some brutally honest remarks about illegal immigration.
Well, who he just pointed the finger at for the 2008 financial crisis might just hit the emergency brakes and bring this whole thing to a screeching halt.
I’m pretty sure this isn’t going to sit well with a huge portion of his followers, and this may have been the gaffe that shoots down his presidential aspirations.
Then again, maybe it won’t, and folks will just chalk it up to the fact the guy basically has no filter and just says what he thinks.
Do you think this hurts Trump’s chances at nabbing the 2016 nomination?
Certainly didn’t while he was looking for favors and not wanting to be shaken down by other local Dem pols.
He seems like a typical aging NY businessman: socially liberal but increasingly conservatively inclined on other issues.
Trump is going to win the Reagan democrats.
I TOTALLY agree with Trump on this!!!!!!!!
George Bush ushered in/helped the financial fall & opened the door wide to Obama.
I don’t care if I get slammed here......
All the Bank of America housing loans to help the illegals.....
He snookered us and betrayed us.
I’m also convinced if 9-11 hadn’t happened he would have done it his first year of the presidency.
I don’t care who slams me or disagrees
Because I was a huge Geoege Bush fan.....I loved the guy!!!!
I honestly can’t stomach him now.
President Calls for Expanding Opportunities to Home Ownership:
And it starts with setting a goal. And so by the year 2010, we must increase minority home owners by at least 5.5 million. In order to close the homeownership gap, we've got to set a big goal for America, and focus our attention and resources on that goal. (Applause.)
...
I appreciate as well Johnny Isakson and John Linder, members of the Georgia congressional delegation for coming today. Thank you all for being here. (Applause.) I want to thank Franklin Raines, of Fannie Mae and Leland Brendsel of Freddie Mac. Thank you all for coming. (Applause.)
...
And what we've got to do is to figure out how to make sure these stories are repeated over and over and over again in America. Three-quarters of white America owns their homes. Less than 50 percent of African Americans are part of the homeownership in America. And less than 50 percent of the Hispanics who live here in this country own their home. And that has got to change for the good of the country. It just does. (Applause.)
And so here are some of the ways to address the issue. First, the single greatest barrier to first time homeownership is a high downpayment. It is really hard for many, many, low income families to make the high downpayment. And so that's why I propose and urge Congress to fully fund the American Dream Downpayment Fund. This will use money, taxpayers' money to help a qualified, low income buyer make a downpayment. And that's important.
One of the barriers to homeownership is the inability to make a downpayment. And if one of the goals is to increase homeownership, it makes sense to help people pay that downpayment. We believe that the amount of money in our budget, fully approved by Congress, will help 40,000 families every year realize the dream of owning a home. (Applause.) Part of the success of Park Place is that the city of Atlanta already does this. And we want to make the plan more robust. We want to make it more full all across America.
Secondly, there is a lack of affordable housing in certain neighborhoods. Too many neighborhoods, especially in inner city America, lack affordable housing units. How can you promote homeownership if people can't afford a home?
And so what I've done is propose what we call a Single Family Affordable Housing Tax Credit, to encourage the development of affordable housing in neighborhoods where housing is scarce. (Applause.) Over five years, the initiative amounts to $2.4 billion in tax credits. And that will help. It will help a lot to build homes where people can -- where when fully implemented, people will be able to say, I own my home.
...
And let me talk about some of the progress which we have made to date, as an example for others to follow. First of all, government sponsored corporations that help create our mortgage system -- I introduced two of the leaders here today -- they call those people Fannie May and Freddie Mac, as well as the federal home loan banks, will increase their commitment to minority markets by more than $440 billion. (Applause.) I want to thank Leland and Franklin for that commitment. It's a commitment that conforms to their charters, as well, and also conforms to their hearts.
This means they will purchase more loans made by banks after Americans, Hispanics and other minorities, which will encourage homeownership. Freddie Mac will launch 25 initiatives to eliminate homeownership barriers. ([New Alliance Task Force]) Under one of these, consumers with poor credit will be able to get a mortgage with an interest rate that automatically goes down after a period of consistent payments. (Applause.)
Fannie Mae will establish 100 partnerships with faith-based organizations that will provide home buyer education and help increase homeownership for their congregations. I love the partnership. (Applause.)
The 108th Congress (2003-2005) responded with the American Dream Downpayment Act: "Amends the Cranston-Gonzalez National Affordable Housing Act to: (1) authorize the Secretary of Housing and Urban Development to make grants to State and local participating jurisdictions for downpayment assistance and related home repair to low-income, first-time home buyers; and (2) limit family assistance to the greater of six percent of the purchase price or $10,000. Requires a participating jurisdiction to include intended grant uses in its fiscal year comprehensive housing affordability strategy under such Act."
"Sets forth State and local jurisdiction allocation formulas. Permits fund reallocation."
"Requires the Comptroller General to report respecting the impact of such grants on a State-by-State basis."
"Terminates grant authority after December 31, 2007. Authorizes specified FY 2004 through 2007 appropriations."
"Makes the Uniform Relocation Assistance and Real Property Acquisition Policies Act of 1970 inapplicable to such assistance."
The act was authorized to appropriate up to $200 million per year of US taxpayer funds between FY2004 through FY2007 to go to Bush's 'minorities'.
The sponsor and co-sponsors of this $800 million giveaway:
Sponsor: Sen. Wayne Allard [R-CO]
Co-sponsors:
Sen. Samuel Brownback [R-KS]
Sen. Conrad Burns [R-MT]
Sen. Ben Campbell [R-CO]
Sen. Michael Crapo [R-ID]
Sen. Michael Enzi [R-WY]
Sen. Charles Hagel [R-NE]
Sen. Lisa Murkowski [R-AK]
Sen. Richard Santorum [R-PA]
Sen. Jefferson Sessions [R-AL]
B. Now to be sure, the mortgage loans that were bundled & traded in the process, which had little or no actual value, had resulted from a Leftist Democratic push to provide home-ownership to committed Democratic voters. So the Democrats were hardly blameless.
But neither of my statements, above, is really what is going on here. Trump is merely demonstrating that he is not a knee jerk Republican. He is seeking his own version of the "Reagan Democrats"--looking ahead to a general election in 2016.
Most Americans, whether Democrat or Republican, are not really ideological. Trump is intelligent enough to understand that, and his comment is politically savvy. There is plenty of blame to go around and the class of Republicans--the analytically light, who have been pushing Jeb Bush--are the ones most likely to be offended by Trump's outreach; and they are not likely to support Trump, anyway.
The Dems always have enlisted their type to push their crap. If a dem can move an issue through any means at all, they will do so.
trump knows the political elite and ruling class inside out. that’s his class he’s talking about. as for his reasons he’s turning traitor to his own right now, is a matter of opinion. i guess it’s possible that he’s “seen the light.”
What Trump wants to do economically will be good for America and that class will benefit as well.
Trump’s an opponent of same sex marriage.
Am I the only one who is thoroughly enjoying the ride? Who's Trump going to "fire" next?
Yes they did. Republicans love big govt as much as the Dems.
Not $200 million, but $200 million per year between FY2004 through FY2007.
This is a total of $800 million.
But, this is a drop in the bucket compared to the $440 billion (of US taxpayer dollars) he threw the way of Mexican illegal aliens via Fannie Mae and Freddie Mac.
The proof that Bush was completely complicit was that the US banks (read: Wall Street) set up kiosks in Mexican Consulates all over to explain to Mexican illegal aliens how they could participate in the US banking system once they (illegally) crossed the border.
How do we know Bush was complicit? Because he ordered the Border Patrol to stand down on interior enforcement.
Worksite arrests of illegal aliens fell some 97 percent, from 2,859 in 1999 to 159 in 2004. Investigations targeting employers of illegal immigrants fell more than 70 percent, from 7,637 in 1997 to 2,194 in 2003. Arrests on job sites fell—precipitously, from 17,554 in 1997 to 445 in 2003. Fines levied for immigration-law violations fell from 778 in 1997 to 124 in 2003. Notices of intent to fine employers fell from 865 in 1997 to just 3 in 2004.
Why anyone continues to defend Duh-bya is beyond me. The only possible explanation is they went to sleep after pulling the voting lever in both 2000 and 2004.
Thanks, Dan. Been a while. Good to see you're still around with the truth.
It goes farther back to the Carter years but really ramped up during Clinton. Remember Janet Reno threatening banks over “red lining”?
He should do a TV show as President of him grilling incompetent bureaucrats and firing them.
An open-borders, NWO guy who chose to die on the political hill of amnesty.
I knew he was about to do something along those lines when he said he’d earned political capital and was going to spend some of it.
And spend it he did. Like a drunken sailor.
No offense to drunken sailors.
http://www.ontheissues.org/donald_trump.htm#Gun_Control
I am against gun control. (Feb 2011)
Dems and Reps are both wrong on guns. (Jul 2000)
For assault weapon ban, waiting period, & background check. (Jul 2000)
http://www.ontheissues.org/donald_trump.htm#Health_Care
Kill ObamaCare before it becomes a trillion-ton weight. (Dec 2011)
Increase insurance competition across state lines. (Dec 2011)
We must have universal health care. (Jul 2000)
http://www.ontheissues.org/donald_trump.htm#Tax_Reform
Previously supported wealth tax; now supports Bush tax cuts. (Apr 2011)
Repeal the inheritance tax to offset one-time wealth tax. (Jul 2000)
Simplify tax code; end marriage penalty & other hidden taxes. (Jul 2000)
Opposes flat tax; benefits wealthy too much. (Jul 2000)
Personally avoids sales tax, but knows many people like it. (Dec 1999)
One-time 14.25% tax on wealth, to erase national debt. (Nov 1999)
Tax assets over $10 million, paid over 10 years. (Nov 1999)
Well, Trump has said that the economy does better under Democrats. So yeah...I'd agree that he doesn't get it.
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