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Finger-Pointing in Financial Crisis Is Directed at Bush
New York Times ^ | September 19, 2008 | MARK LANDLER and SHERYL GAY STOLBERG

Posted on 09/20/2008 4:36:58 PM PDT by BAW

For his entire presidency, George W. Bush has tried to avoid the fate of his father, brought low by a feeble economy. Now, as the financial crisis radiates far beyond Wall Street, Mr. Bush faces an even grimmer prospect: being blamed, at least in part, for an economic breakdown.

“There will be ample opportunity to debate the origins of this problem,” Mr. Bush said in the Rose Garden on Friday. “Now is the time to solve it.”

But in Washington, on Wall Street and on the presidential campaign trail, the debate has already begun.

Senator Barack Obama, the Democratic presidential nominee, denounces what he calls the Bush administration’s “failed philosophy.”

Senator John McCain, the Republican, claimed Friday that “the administration did nothing” to rein in the mortgage giants Fannie Mae and Freddie Mac, even though the White House did push some reforms on Capitol Hill.

And while economists and other experts say there are plenty of culprits — Democrats and Republicans in Congress, the Federal Reserve, an overzealous home-lending industry, banks and also Mr. Bush’s predecessor, Bill Clinton — they do agree that the Bush administration bears part of the blame.

(Excerpt) Read more at nytimes.com ...


TOPICS: Business/Economy; Government; News/Current Events
KEYWORDS: 110th; bastardmccain; bds; blame; financialcrisis; finincialcrisis; govwatch; housingbubble; mccain; pelosi; presidentbush; propagandawingofdnc; reid
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Published yesterday . . the blame game starts. Interesting, especially when contrasted with several NY Times archive articles posted here very recently.
1 posted on 09/20/2008 4:36:58 PM PDT by BAW
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To: BAW
Hate Bush... they'll milk it for all its worth. As if eight years of Bush hatred wasn't enough!

"Show me just what Mohammed brought that was new, and there you will find things only evil and inhuman, such as his command to spread by the sword the faith he preached." - Manuel II Palelologus

2 posted on 09/20/2008 4:38:28 PM PDT by goldstategop (In Memory Of A Dearly Beloved Friend Who Lives In My Heart Forever)
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To: BAW

Make no mistake, this is the beginning of a major push for federal control over huge sectors of the economy.

The world will be very different next year.

Thanks guys!


3 posted on 09/20/2008 4:38:42 PM PDT by HarryCaul (Verify Possums! Pogo's Enemy is Us!)
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To: BAW

OMG this was Bush’s fault, who’d a thunk it?


4 posted on 09/20/2008 4:38:56 PM PDT by rodguy911 (HOME OF THE FREE BECAUSE OF THE BRAVE--GO SARAHCUDA !!)
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To: BAW
And in related news, scientists are reporting that bear poop is directed toward the ground.
5 posted on 09/20/2008 4:40:01 PM PDT by ThePythonicCow (By their false faith in Man as God, the left would destroy us. They call this faith change.)
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To: BAW

Bush and Cheney violated the Geneva/Hague conventions when they tortured DemocRATS into swindling money from Fannie and Freddie.


6 posted on 09/20/2008 4:43:57 PM PDT by FlingWingFlyer (What's good for Enron is good for Fannie and Freddie! I want some convictions! NOW!!!!!)
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To: BAW
First..I voted for Bush both times.

Second..I am the CEO of two companies and the buck stops with me. The same applies to George Bush. He has done a horrendous job at managing the U.S. economy. This is probably due to bad advice from Bernanke and Paulson, but George Bush is ultimately responsible under his watch.

7 posted on 09/20/2008 4:44:00 PM PDT by politicket (Palin-tology: (n) - The science of kicking Barack Obambi's butt!)
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To: BAW

Friday, September 19, 2008 “Corporate Republic and the Aristocracy of Pull Come Together To Save Us All From Free Market Greed.” Dave Lindorff: Hang Onto Your Wallet! The Government is About to Rescue Us

http://theobfuscationreport.blogspot.com/

I know somoene in banking: 2/3 of a certain banks work force is set to lose their jobs in an upcoming merger, come December. Speculation suggests the merger is on a rapid track to sell to one of the top 5 thereafter.


8 posted on 09/20/2008 4:46:41 PM PDT by combat_boots (God, gun and babies. Justices, taxes and sovereignty. Otherwise known as White Trash. Count me in.)
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To: BAW

The NY Slimes has its own economic problems ...known as near bankruptcy! I suppose little Pinch would blame Bush for that as well.

Of course, the media is going to blame Bush..more reason for McCain to get out front and tell again (proved by NY Times articles no less) that he and Bush (he should mention that he and Bush agreed on this one, but he won’t) tried to get Fannie and Freddie reformed.

Everyone knows that the financials were and are the problem...and Fannie and Freddie are Democrat to the core. Of course with David Gregory’s wife a big-wig at Fannie (and losing her job), the media will blame Bush..what else is new.


9 posted on 09/20/2008 4:47:25 PM PDT by t2buckeye
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To: BAW

http://www.kwtx.com/

Between the credit crisis, bankruptcies, billion dollar buyouts and billion dollar buyouts, the economy has emerged as issue No. 1 in the presidential race. Which candidate do you think will do the best job reviving the U.S. economy?
Poll Results:
John McCain (R) - 67.4%

Barack Obama (D) - 20.8%

Bob Barr (L) - 1.0%

None of the Above - 10.8%

Total Responses -
725


10 posted on 09/20/2008 4:50:16 PM PDT by Peelod (“Whatever Sarah tells you, heed her voice” Genesis 21:12)
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To: BAW

1) Bush is not running for anything - and probably running away to texas and retirement ASAP
2) Slimes is “protecting it’s own”


11 posted on 09/20/2008 4:51:04 PM PDT by xcamel (Conservatives start smart, and get rich, liberals start rich, and get stupid.)
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To: BAW
Senator John McCain, the Republican, claimed Friday that “the administration did nothing” to rein in the mortgage giants Fannie Mae and Freddie Mac, even though the White House did push some reforms on Capitol Hill.

Did McCain really say this? If so he's woefully wrong.

12 posted on 09/20/2008 4:51:11 PM PDT by McGruff
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To: BAW

Geeze, thought the mortgage lending crisis started under Clinton’s administration.


13 posted on 09/20/2008 4:53:50 PM PDT by tob2 (No retreat!)
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To: tob2

Clinton-Cuomo


14 posted on 09/20/2008 4:54:22 PM PDT by xcamel (Conservatives start smart, and get rich, liberals start rich, and get stupid.)
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To: BAW
George W. Bush has tried to avoid the fate of his father, brought low by a feeble economy

And his father got royally rolled by the democrats

They pressured him into raising taxes and then used his "Read My Lips" against him in the election

His son learned NOTHING from his father's treatment

He thought he was going to ride into town as a "Compassionate Conservative "and make nice nice with the democrats and everything would be cool
15 posted on 09/20/2008 4:55:15 PM PDT by uncbob
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To: politicket
First..I voted for Bush both times.

Second..I am the CEO of two companies and the buck stops with me. The same applies to George Bush. He has done a horrendous job at managing the U.S. economy. This is probably due to bad advice from Bernanke and Paulson, but George Bush is ultimately responsible under his watch.

If you are a CEO, I pity your stock holders! Prsident Bush has put forth bill after bill to CONTROL spending and the RATS in "Congress" shot him down every time. President Bush doesn't approve the spending, CONGRESS DOES!!

16 posted on 09/20/2008 4:55:34 PM PDT by teletech (Friends don't let friends vote DemocRAT)
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To: BAW
Bush's Attempt To Regulate The Housing Finance Industry 2003

Note the source of the article...
17 posted on 09/20/2008 4:57:31 PM PDT by Kozak (Anti Shahada: There is no god named Allah, and Muhammed is a false prophet)
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To: teletech
President Bush doesn't approve the spending, CONGRESS DOES!!

Only with the signature of the President, or him letting it become law without his signature. How many times has President Bush wielded his veto pen in his 8 year term?

Don't shoot the messenger...

18 posted on 09/20/2008 5:00:03 PM PDT by politicket (Palin-tology: (n) - The science of kicking Barack Obambi's butt!)
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To: BAW

This march to disaster started with Jimmy Carter in 1977 with the CRA ... Followed up with the removal of the 1933 Glass-Steagall atc on 1999 ... Another glittering liberal jewel turned to s*** that the taxpayers get stuck for.


19 posted on 09/20/2008 5:04:14 PM PDT by Tarpon (Three things matter when selecting a President - character, character and character.)
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To: politicket
Bush's worst attribute is refusing to defend himself. The new tone has sucked eggs since day one. It's right up there with McLoser working with ‘Rats. Bipartisan = BOHICA.
20 posted on 09/20/2008 5:06:36 PM PDT by VRWC For Truth (Palin is sugar on a turd ... No mas Juan "Traitor Rat" McAmnesty)
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