While the mortgage housing bubble had seeds going back decades, Bush people did nothing, even when any sane person could see the writing on the wall.
Bush took credit for his administration attaining record levels of home ownership, when his advisors knew or should have known it was built on a pending crisis.
~~~
***OUTRIGHT LIES!***
PLEASE .. do your due diligence, and STOP spreading more garbage that’s untrue.
Pres. Bush tried multiple times since 2003 to rein in Fannie Mae/Freddie. He made seventeen attempts alone in 2008. Every time, Dodd, Frank, et all squashed his attempts.
Yes, he wanted sensible home ownership for folks, but saw
the the risks they were taking on several years ago, and strongly recommended stiffer regulation..
The President proposes ... Congress disposes. Remember that?
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Sunday, September 21, 2008
Bush Called For Reform of Fannie Mae & Freddie Mac 17 Times in 2008 Alone... Dems Ignored Warnings
http://gatewaypundit.blogspot.com/2008/09/bush-called-for-reform-of-fannie-mae.html
Want to apologize now or temper your words?
“On Iraq, I think time and perspective will make people realize what Bush accomplished in Iraq in the face of overwhelming domestic backbiting and recrimination. I think the Iraq invasion/reconstruction is one of the finest, most selfless acts in US foreign policy history.”
I’ll have to disagree on Iraq. In the long run, I expect Iraq will devolve to somewhere near the norm of other arab-muslim countries.
The public opinion is to get out, and without a permanent occupation, it will be left to the locals to work matters out like arab-muslims normally do.
But I hope it works out well. Don’t get me wrong on that.
If it works out badly, Bush gets the blame. If it works out well Obama gets the credit.
I recall at the time of Iraq I, it was the Powell doctrine to have a measure (metric) for when your clear objective was accomplished, and to have an exit plan. Bush I followed that doctrine precisely.
Bush II apparently never embraced or practiced it. America as a nation dislikes war, expecially discretionary ones—as we have had to relearn.