“The speech has no negative content”
Oh yeah, the part praising Fannie Mae’s Franklin Raines for ladling out taxpayer money was especially good. As was the entire premise of the American Dream Downpayment Initiative, where taxpayers were put on the hook to provide ‘free’ down payments for Dubya’s favorite minorities.
How could any of us be so blind to Bush’s genius? Without those ‘free’ down payments we would have been deprived of tens of thousands of additional sub-prime candidates to further balloon the housing bubble. Yes, the ADDI was pure genius.
Not being prone to hero-worshipping politicians I’m always amazed at the ability of some to rationalize away the behavior of their heroes.
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.