Posted on 02/12/2009 11:33:43 PM PST by Steelfish
From Times Online February 13, 2009
George W Bush tastes life in the slow lane at Coffee Station diner
(Jason Reed/Reuters/Corbis)
George Bush visits his local diner as President in 2004; last week he returned as just another Crawford resident James Bone in Crawford, Texas.
George Bush still likes to wake before the sun rises. No longer, however, does he have an early morning national security briefing to keep him busy.
Instead, he turned up last week at a 6.30am meeting of the local chapter of the Lions Club at a diner near his ranch in Crawford, Texas (population 705).
(Excerpt) Read more at timesonline.co.uk ...
He’s a much better person than I am if he has his middle fingers under control while he watches TV.
Bush warned America about the coming danger of fannie mae and mac, I believe the credit for that goes to barney frank and chris dodd! Of course msm doesn’t tell us that.
It’s my understanding that he offered up the warning, 23 times. No response.
*sigh*
With a $500 billion cash run on the banks... he probably saved my company from going under.
LOL!!! And how did Bush crash our economy, little Kos?
Sure hope he’s enjoying his free time, though I believe he still is worried about this nation.
He had his flaws (spending, illegal immigration), however, I slept far better when he was in the White House than I do now.
God bless you, Mr. Bush.
New Agency Proposed to Oversee Freddie Mac and Fannie Mae
New York Times
By STEPHEN LABATON
Published: September 11, 2003
The Bush administration today recommended the most significant regulatory overhaul in the housing finance industry since the savings and loan crisis a decade ago.
Under the plan, disclosed at a Congressional hearing today, a new agency would be created within the Treasury Department to assume supervision of Fannie Mae and Freddie Mac, the government-sponsored companies that are the two largest players in the mortgage lending industry.
...
...
Among the groups denouncing the proposal today were the National Association of Home Builders and Congressional Democrats who fear that tighter regulation of the companies could sharply reduce their commitment to financing low-income and affordable housing.
‘’These two entities — Fannie Mae and Freddie Mac — are not facing any kind of financial crisis,’’ said Representative Barney Frank of Massachusetts, the ranking Democrat on the Financial Services Committee. ‘’The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing.’’
Representative Melvin L. Watt, Democrat of North Carolina, agreed.
http://query.nytimes.com/gst/fullpage.html?res=9E06E3D6123BF932A2575AC0A9659C8B63
The Republicans from 2003 to 2006 continued to push a bill through both Houses of Congress to regulate Fannie Mae and Freddie Mac and the Democrats stalled them in all possible ways. In 2007 the bills were basically killed in full by the now Democratic controlled Congress.
Can you hear me now?; Dd you miss me now? I sure do Mr. President
Gee, how does Home Ownership/Easy Credit For All sound?
Yes, More Government was the solution!!
Sorry, but George Bush’s “Compassionate Conservatism” dictated lending to all, regardless of ability or capacity to pay back.
Easy Credit baby!!!
Bush is a decent man and, like any of us, did good and bad. I met him a long time ago, before his g’norship, and liked him a lot.
But I think he played the center too much. Our nation needed some strong measures; he only dealt those to the terrorists.
I’m sorry to hear that your business required the nationalization of banks in order to survive.
If your business falters again, why don’t you just as me to write a check directly to you as opposed to using the federal goverenment as the middle man?
Quit being a frikin' drama queen! I didn't say that you asshat! Go screw with someone elses words clown!
Do you or do you not advocate the nationalization of banks?
No I do not advocate the nationalization of banks. I advocate the TARP money being used to for what it was supposed to be used for: open the lines of credit for businesses so that they can operate, expand, and hire people. We have a $150 million dollar line of credit in our seismic company and it is still in question. Without it, we wither and begin to lay people off.
Yes, I understand the need for credit markets to flow. However, if the money does not exist in a free market, it is not the responsibility of the government to make the markets work.
Otherwise, it is no longer a free market.
I miss W
Whatever the case, a division of my company has laid off 100 people and the larger company that I use to work for is in its second round of layoffs. This is the energy industry. The TARP money should have be the end of this stimulus crap. It did psychologically hold off some layoffs but the Democrats have squandered even addressing the credit issue in their frenzy of a shopping spree with this new pork bill. It ain’t gonna end purdy.
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