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.
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!
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 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.