It is sad to have to rehash all this again. Why this was posted now is beyond me. It wasnt all Bush's fault but he certainly wasnt the hero that a few delusional freepers claim. He was a progressive and a big part of the problem.
Much of these actions created a phony housing bubble that appeared to be economic growth in overdrive. The stock market, tax revenues, home values, all seemed too good to be true and it was. The credit contraction took almost two years to wipe out the expansion that lasted about three or so, leaving a Sea of debt and lots of angry voters. The re-writers wanted to take Bush credit for the bubble expansion, and then pass blame for the crash which was a part of it. It never sold, never could.
See comment #21 also.
Yes.
Thanks for the support, guys. It seems there are still so many that want to laud Bush for pumping air into the bubble.
My fervent hope is that one day Limbaugh would see this thread and stop spouting the line that this thread takes. I would bet that's where all these people who think Bush tried to stop this get their talking points from.