Posted on 05/01/2009 8:51:06 PM PDT by sickoflibs
GWB 2002 Speech :”More and more people own their homes in America today. Yet we have a problem here in America because fewer than half the Hispanics and African Americans own their own homes. That’s a home ownership gap; a gap that we got to work together to close. And by the end of this decade we’ll increase the number of minority homeowners (future Obama voters ) by 5.5 million families. “
“One of the major obstacles to minority home-ownership is financing. Fannie Mae and Freddy Mac (who I will bail out in 2008) have committed to provide more money for lenders, they committed to meet the shortage of capital available for minority home-buyers. Freddie Mac just began 25 initiatives around the country to dismantle barriers (like income requirements) and create better opportunities for home-ownership. One of the programs is designed to help families with bad credit histories to qualify for home ownership loans (by faking their income) . You don’t have to have a lousy home for first time home-buyers. You put your mind to it the first time low income home buyer can have just as nice a house as anyone else (till those adjustable rates go up). “
video at : economic crisis president bush mortgage speech
And you have concluded that everything Bush did that backfired, he was forced to do to win elections because democrats would call him uncompassionate??? Are they not doing that ANYWAY??? 2006+2008 elections show this was a short term strategy.
Plus you leave out a most key political fact prior to the housing bubble-economy crash, Iraq. As his popularity dropped on Iraq he upped the compassion where compassion=$$$$, as where did all that compassion=$$$$ come from???
It seems that you and sickoflibs should have exposed Bush prior to the 2004 election— ran against him in 2004 and won handily.
None of your arguments are answering the claims in the 17 distinct efforts to implement remedies to your concerns.
Each of those 17 items have speeches and Congressional testimony which dwarfs the speech and various sentiments contained in it.
You can continue to hyperbolize your favorite parts of the speech or you can just walk away and realize— yup, politics does not provide us with ideal results.
Bush is far far far from the most blameworthy target regarding the current crisis. Any of the posters here including me would be more blameworthy than someone who advocated and worked for solutions.
As governor of Texas, Bush did not strip away mortage protections that prevented this crisis here. Its just silly— take a pill for you BDS.
compassionate conservatism resulted in this financial mess - everybody felt good giving away someone else’s money and selling the debt “down the river” (to borrow a slavery term).
I have always thought the Bush family politicians were Democrat moles sent to destroy the Republican Party from within. Looks like they did a pretty good job.
Let me introduce you to some facts....
Read this and weep.
My post above was in response to dozens of articles like yours here on FR with the theme that “Democrats were solely at fault and Bush tried endlessly to fight off their attempts to loosen lending standards but lost”. Many of these Bush defense themes were BEFORE the election that didnt sell for good reason. So you have shown me nothing new, obviously dems wanted easy standards. they had NOTHING to lose. BUT BUSH DID!
The point was not that Bush was the sole cause of the problem as you claim. My point was clearly proved by my post and many replies that Bush promoted loans to minorities with bad credit and bragged about it as an major accomplishment..
Check out this 2007 Mark Levin fictional prediction of Bush bragging after leaving office. Levin clearly thought that this would be a plus in 2007 when Bush was bragging about it.
“Let’s start local. You’ve been sold a bill of goods by politicians and the news media. Polls show that the majority of you think the economy is in the tank. And that’s despite record numbers of homeowners including record numbers of MINORITY homeowners. And while we’re mentioning minorities, I’ll point out that minority business ownership is at an all-time high. Our unemployment rate is as low as it ever was during the Clinton Administration. I’ve mentioned all those things before, but it doesn’t seem to have sunk in. “Mark Levin 2007 Flashback ("Tired of you people not doing your homework"
My weeping was over when Bush left office. About 3-4 years.
No, it doesnt because the Barney Frank/CRA repeated video posts on this site are way over represented compared to the Bush ones I posted, like 100 to 1. So I figured 1 to 100 provided some very SMALL balance showing why those outside of FR did not buy the bogus (crap) ‘Bush saves us theme” that those postings were promoting.
BTW :I have no robotic loyalty to the R party or to Bush , only loyalty to the truth.
You can post what you like, but posting JUST a Bush video is playing into the hands of the”Blame Bush” crowd.
Tell me, where are the Congressional trials of Fannie Mea and Freddie Mac as compared to the Enron/WorldCom/Tyco debacles? Where are the Congressional investigations of Fannie and Fredie? Why are there no Congressional investigations of Barney Frank, Rahm Emanuel, etc.? Why didn’t SOX apply to Freddie and Fannie?
There is ample proof of Barney’s complicity in both Freddie and Fannie:
Frank was and remains a stalwart defender of Fannie Mae, which is now under FBI investigation along with its sister organization Freddie Mac, American International Group Inc. (NYSE:AIG) and Lehman Brothers (NYSE:LEH) – all recently participants in government bailouts. But Frank has derailed efforts to regulate the institution, as well as denying it posed any financial risk. Frank’s office has been unresponsive to efforts by the Business & Media Institute to comment on these potential conflicts of interest.
While the relationship reportedly ended 10 years ago, Frank was serving on the House Banking Committee the entire 10 years they were together. The committee is the primary House body which along with the Office of Federal Housing Enterprise Oversight (OFHEO) has jurisdiction over the government-sponsored enterprises.
He has served on the committee since becoming a congressman in 1981 and became the ranking Democrat on the committee in 2003. He became chairman of the committee, now called the House Financial Services Committee, in 2007.
Moses was the assistant director for product initiatives at Fannie Mae and had been at the forefront of relaxing lending restrictions at the company for rural customers, according to the Feb. 23, 1998, issue of National Mortgage News (NMN).
“Herb Moses, who helped develop many of Fannie Mae’s affordable housing and home improvement lending programs, has left the mortgage industry,” Darryl Hicks wrote for NMN. “Mr. Moses - whose last day was Feb. 13 - spent the past seven years at Fannie Mae, most recently as director of housing initiatives. Over the course of time, he played an instrumental role in developing the company’s Title One and 203(k) home improvement lending program”
http://www.businessandmedia.org/printer/2008/20080924145932.aspx
And just for fun let me add this: “Massachusetts Democratic Rep. Barney Frank admitted a lengthy relationship with a male hooker who ran a bisexual prostitution service out of Frank’s apartment.”
http://www.washingtonpost.com/wp-srv/politics/special/clinton/frenzy/frank.htm
I am one of the blame Bush crowd. Besides, the phony “Bush tried to save us” defenses lost two elections. Time to give it up. The future is about what BoB is doing now, defending Bush is political disaster.
Everytime Frank is asked about socialization of banking and auto-industry, Frank replies “That was Bush that did that not us”. same answer with ACORN, he says “Ask Bush why he funded ACORN”
Well those Frank lines are Bush’s gift to democrats, not mine.
what was that phrase ?....stuck on stupid?
How did you get to this old post tonight? Suddenly I am getting new pings here.
Bush is what you get when you elect an empty suit to the White House and he’s legacy is Obama. Without Bush there would be no Obama.
looks like this guy started it rolling again....
145 posted on Wednesday, July 08, 2009 7:30:09 PM by Chgogal
I know that but suddenly I am getting pings from others too. Does this move it to the top of some list that makes it visible again?
BUMP
Yep
You did NOT answer any of my questions. Again disgusting. You post Bush videos and refrain from posting things about Rahm Emanuel, Ari Emanuel (producer of F911), Barney Frank, Franklyn Raines (caught embezzling from Fannie Mae while earning $90 million and was Obama’s economic adviser), Robert Rubens and Citi (another Obama adviser), ACORN and Obama’s connection, etc. I won't go into Obama's national defense posture and his offering to give away missile defense...and all you can do is Blame Bush. Disgusting!!!!!
You are nothing but a useful idiot to Barney, Obama, DUers, KOS, MSM and the Dems. Again you and your ilk make me ill.
http://www.freerepublic.com/focus/f-news/2151324/posts
http://www.youtube.com/watch?v=ivmL-lXNy64&NR=1
http://www.youtube.com/watch?v=AtwRcZXrz0k
Because of your Blame Bush pathology, you allow Pelosie, Obama, Rahm, Reid, Barney to get away with passing of Stimulus package(s), Cap and Trade, Healthcare and all kinds of other monstrosities.
The dems focus on Bush and ignore their crimes and YOU allow them to get away with that. THAT IS WHY YOU PISS ME OFF. GOT IT?
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