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To: StAnDeliver; NFHale; stephenjohnbanker; DoughtyOne; rabscuttle385; mkjessup; Impy; Gilbo_3; ...
RE :”That ignores the fact that the whole casino was: Built on Clinton's fraudPerpetuated in the Senate by FannieMae grifters like Frank, Dodd, Fumer, and guess who — BoboWho in turn directly stymied — guess who — McCain's serious effort at reform in ‘05-'06

That is the standard talk radio Bush-apologist narrative that leaves out a few small details of what GWB was doing:

All you have to do is search and all these references to Bush taking credit for promoting home-ownership to those minorities that couldnt afford it or even read the contracts (probably many illegals too.) . Then when it crashed these poor bad credit minorities blamed Republicans. Compassionate conservativism was a disaster.

President Bush Mortgage Speech 2002(Helping those w bad credit buy houses)

President Bush Reiterates Goal on Homeownership, Remarks by the President on Homeownership, Department of Housing and Urban Development Washington, D.C. (2002)

Early in George W. Bush’s first administration, a home ownership initiative was introduced, sometimes referred to as the Blueprint for the American Dream, to close the homeownership gap by 5.5 million minority families. Along with this homeownership initiative, there were other policies implemented to dismantle barriers to homeownership in minority communities.” from :
The Great American Mortgage Scam & The Latino Community

George W. Bush, The White House.gov: Homeownership Continues to Increase in 2002 , HUD Statement on Record Homeownership Rates in 2002

George W. Bush, The White House.gov: National Homeownership Month, 2003, By the President of the United States of America A Proclamation

717 posted on 05/03/2011 6:38:23 PM PDT by sickoflibs ("It's not the taxes, the redistribution is the federal spending=tax delayed")
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To: sickoflibs

Bush made a feeble attempt to stop the NINJA loans. Then backed off....probably from advice by Rove to milk it with the hispanics.


724 posted on 05/03/2011 6:56:06 PM PDT by stephenjohnbanker (God, family, country, mom, apple pie, the girl next door and Ford trucks)
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