You knew this guy didn’t have a clue what he was talking about with his first post that “defunding” Fannie and Freddie was ever an issue or would have had any effect on anything - that would have had no effect on the existance of the loans and the securities being traded based on them. Now he claims that Obama pushing for passage of TARP and voting for it himself in a coequal branch of government does not make him at all responsible for it, and failing to get behind legislation to create more oversight over Fannie and Freddie so it would have enough votes to get through cloture also makes him have no cupability in the crisis. The Democrats - and only the Democrats - fought the legislation every step of the way - even implying the efforts were racist (a “lynching” of Franklin Raines). The record is clear of all the parties involved, and the evidence is on video in living color. It’s irrefutable.
It’s sad when conservatives fall for and use the Left’s favorite mantra “BUSH’S FAULT!”. Bush was a problem, but nowhere near as bad as most state.
Note too that most conservatives bash Bush and the GOP over “6 years of doing nothing” - and conveniently forget not just the Tom Daschle-led Democrat majority Senate, but that for the other years there was a VERY slim majority in the Senate allowing the Democrats to stall anything they wanted.
I guess the sound reasoning and logic of Buckley, Sowell, and others is now a rare trait among conservatives...
“defunding” Fannie and Freddie was ever an issue or would have had any effect on anything - that would have had no effect on the existance of the loans and the securities being traded based on them.
My goodness. You’ve gone off the edge. We just had two loud fights between Congress and Obama on funding. It’s all about funding. Upon gaining the House, Senate and Presidency in 2003, the Republicans could have passed a law that said “No more funding for Fannie and Freddie so we aren’t covering any more loans.” It would have broken the Housing bubble before it started and we’d be much better off today.
Read the constitution.