Posted on 07/07/2012 6:24:10 PM PDT by neverdem
You aren’t fooling me - you are definitely an obamabot! You posts reeks of it even though you are doing your damn best to hide it.
I suspect that the ‘rats planned to hurt the economy to help get Obunghole in. I seem to remember that the whole crash started with Scmucky Schumer publishing his concerns that the IndyMAC bank was insolvent and starting a run on it. I don’t think it is a coincidence that the crash occurred shortly before the election. I believe that is exactly when the ‘rats wanted it and they did what they could to get it to happen then. It mat have been worse then they planned but I believe they did orchestrate it As other posters have noted, Bush tried to warn the nation about Fannie Mae and Freddy Mac but was shouted down by excoriated for it by the usual ‘Rat suspects. I believe the whole housing bubble and crash, starting with Clinton’s CRA enforcement in the 1990s and ending with the crash is a mostly democRAT operation.
I suspect that the ‘rats planned to hurt the economy to help get Obunghole in.
Right, Bush had no responsibility for what went on while he was president. Even the no-down-payment loans that he promoted - he’s not responsible!
Sorry, but I believe in accountability. In fact, I believe that’s one of the things that distinguish conservatives from liberals, a belief that people (including presidents) are accountable for what they do.
Bush’s first 6 years, with a GOP Congress was stable and strong,
Those were the years the housing bubble was inflating. Prices up 15-20 percent per year. Good times only if you believe in fool’s gold.
I thought it was 12, but it doesn't matter. Bush's biggest legacy is going to be the fact that he failed to stand up to these fascists. He folded like a lawn chair every chance he got; and then never responded when his critics made the most astoundingly ridiculous claims. He's as much at fault as anyone for simply refusing to stand up to them.
I believe in accountability and I think the economic mess we find ourselves in is mostly because of the ‘Rats actions. There were some republicans involved in events leading to the housing bubble and crash but it was mostly the ‘rats that caused it. The CRA was a Carter/Clinton initiative and Fannie and Freddy were run by the ‘Rats for the ‘Rats benefit. Jim Johnson, Franklin Raines, Rahm Emmanuel and Jamie Gorelick among other prominent ‘rats all made millions from Fannie and Freddy and used the organizations to help finance mostly ‘Rat political campaigns. Barney Frank, Maxine Waters, Nancy Pelosi and many other ‘rats opposed anybody, including Bush, who tried to reign in Fannie Mae and Freddy Mac. Bush and others did speak out about it before the crash happened. Documents such as the congressional letter to President George W. Bush, dated June 28, 2004, on which Congressmen Frank and Nancy Pelosi were the principal signatories, make it very clear in the ‘Rats own words that President Bush did oppose what Fannie and Freddy were doing and that the leading ‘Rats in Congress supported it. The fact is the ‘Rats were mostly responsible for this mess. I do not like or agree with a lot of things Bush did but I have a news flash for you, not everything was Bush’s fault and both parties are not always equally responsible for all disasters. Maybe it is just me, but I get a ‘Rat apologist vibe from you.
“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.”
You are correct, but somehow this fact seems to be completely overlooked today.
Thanks neverdem.
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