Posted on 12/14/2015 7:02:38 PM PST by Lorianne
You need to get educated about Bush’s role in fueling the housing bubble by promoting homebuying for people who couldn’t afford it.
From the White House website:
http://georgewbush-whitehouse.archives.gov/news/releases/2003/12/20031216-9.html
President Bush Signs American Dream Downpayment Act of 2003
Remarks by the President at Signing of the American Dream Downpayment Act:
“Many people are able to afford a monthly mortgage payment, but are unable to make the down payment. So this legislation will authorize $200 million per year in down payment assistance to at least 40,000 low-income families. These funds will help American families achieve their goals, and at the same time, strengthen our communities.”
Exactly right.
The demoncraps in the house and senate were the ones who were really pushing this. Both barney frank and maxine waters should be in prison for the role they played in the housing mess.
Saw it yesterday and wanted to bump this thread. It was good and did try to educate people about what happened. Pretty much totally left out Carter and Clinton and Bush’s involvement kicking things off for the greed and abuse to take over. I will say probably most people who watch it and have no clue as to what the housing bubble was about will be confused. If I had not been listening to Mark Levin for all these years, who has thoroughly covered this more than once, I might have been lost myself. At least they are telling most of the story.
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