Posted on 07/07/2012 6:24:10 PM PDT by neverdem
Let’s not forget why Obama got elected - because voters were reacting (in a stupid way) to the failure of Bush. Obama is in office because Bush’s liberal policies (in tandem with Barney Frank’s) brought us a housing bubble that led to the biggest crash since 1929. Bush pushed no-down-payment loans for poor minorities. He also left our borders open so more poor minorities could come in. Result: 20 percent yearly increases in housing prices. The bubble had to burst, and it did in his last year in office. He was a failure, but it’s the rest of us who are punished - by the election of Obama.
“”derecho” is an especially apt description of America in the age of Obama.”
I’m not willing to give Buckwheat and his weakling herd of fascists more power than they’ve earned, and the most power that Buckwheat has is 10 million 30 IQ, fat welfare mommas whose sons, if obuma had sons, can’t hold a Glock straight. Me and my dog can handle that.
Where FDR put in the foundatins of socialism, Obama, with his open disdain for the “negative liberties” in the constitution, has built the foundations for a dictatorship.
And just as we have not seen all that the New Deal dealt, we’ll be seeing Obama’s work for the next 8 decades.
The Clinton administration pushed for the subprime mortgages but George W. had to show how he was a *compassionate conservative* and went along with the Dems. No more! No more psuedo conservatives who don’t know where they stand in relation to liberalism. It is simple George—liberalism bad! Do not try to immitate liberals, there is nothing good in their false compassion. In the end they cause more suffering than existed before their liberal compassion.
Bush tried sixteen (that’s 16) times to get oversight on Fanny and Freddie, both democrat programs, but was denied by congress. And THAT’S why the housing bubble occurred.
Bush had nothing to do with the housing bubble - didn’t you watch Bush admin in ‘04 WARN them of this and not the first time and the ‘rats/Barney, et al vehemently opposed them.
It was clinton who started it, telling banks to give loans and didn’t need anything to show you could pay for it - stop with the lies! Get educated or zip it!
bump
I call you an Obama troll! Your posts smell like BO.
Your boy is a liar and conman - don’t be on this site defending him and putting blame on Bush when it belongs to clinton. And POS obama is hell bent in destroying the US economy - that was the design all along. NOW GET LOST!!
I call you an Obama troll! Your posts smell like BO.
I agree with you statement that Obama “is a liar and conman.” But that doesn’t make Bush a conservative or a successful president. It’s possible to hold two thoughts in you head at the same time — try it! Obama is a disaster — and Bush was a failed president. Those aren’t inconsistent or mutually exclusive thoughts.
Bush tried sixteen (that’s 16) times to get oversight on Fanny and Freddie
He also was pushing low-interest loans for poor minorities, all the way thru his administration. We all paid the price for this liberal agenda.
What could possibly go wrong? /s
Here’s How The Community Reinvestment Act Led To The Housing Bubble’s Lax Lending
George W. Bush was a major proponent of the kind of mortgages that banks had started making under the CRA. He urged low-to-no doc mortgages and the elimination of downpayments, just like the CRA regulators had long done. “We certainly don’t want there to be a fine print preventing people from owning their home,” the President said in a 2002 speech. “We can change the print, and we’ve got to.”
Agreed. But the fact that anyone thinks it will change, or improve, under Romney is stunning.
Putin called Russia and Satin said that will be 1 Million for the call.
Queen Elizabeth called Briton and Satan said that will be 3 Million
Obama called the US and asked Satan how much for the call and Satan said .25 its not long distance for you.
The housing bubble was a bipartisan debacle. Bush never shoud have pushed to expand low income loans in his Affordable Housing initiative, whatever it was called, before he had rat cooperation.
Obama got a bad economy, but then did everything he could to make a very bad situation worse. Obama was told that recessions caused by bad credit can take very long to resolve, just like the Great Depression, and then did all this leftist doctrinaire economic nonsense.
There could be a political silver lining in the Senate. In 2006, the rats ran a bunch of so called moderates to take over the Senate. Well all those fools voted for the very unpopular Obamacare, and they haven't voted for a budget in years! Rats are defending at least 23 seats in the Senate this year, 7 of which will be open seats. All of Obama's crap needs to be repealed.
A bad economy created by the Reid Pelosi Congress. Look at the price of gas, unemployment rate, etc etc etc on the day before they won both majorities. Then look at what those figures were just 2 years later, for Obama to inherit "from Bush". Oddly enough, Bush's first 6 years, with a GOP Congress was stable and strong, even in the face of 9-11.
I only hope he stops the bleeding.
I agree and w/him out - his wild spending SHOULD stop. But Romney won't repeal anything. Anything he initiating was against America. It feels as something will pop soon, we are so overstretched and unemployment high and no signs of any hiring - obamacare is one of the big reasons for that.
I think all of DC politicians are on drugs or under the influence of something.
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