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To: raybbr; Kaslin; palmer; dennisw; hedgetrimmer
LOL That's the exact opposite of the consensus of Bush worshipers here on FR. They all say Bush "tried to warn Congress" about the financial sector and here Bush admits he didn't have a clue.

Ain't that the truth?

The "Bush tried to warn Congress" yarn was spun by Karl Rove near the end of Bush's second term as an attempt to deflect responsibility for Bush's actions that lead directly to the meltdown that occurred in late 2008.

IMO, this meltdown was supposed to have occurred under Oh!Brother's watch so he could take the blame leaving Bush smelling like a rose.

But, the law of unintended consequences was triggered by Bush's Wall Street banker buddies' greed and the real estate bubble inflated too fast and the system reached the bursting point about 6-months to a year too soon.

So, instead of being able to blame Oh!Brother, Bush's team had to go to work inventing another, alternate story line, featuring Bush as the hero, valiantly trying to warn Congress.

Thankfully, we still have all of the "real" historical data points that show exactly what Bush did and when he did it.

The "provides data points for future historians" line means Bush's book is pure propaganda, which also means that Bush's own Josef Goebbels, Karl Rove, probably had a hand in writing it and this shows he's still trying to rehabilitate Bush's reputation.

He should have addressed the immigration issues rather than the Social Security issue when he had political capital from his 2004 re-election victory.

It's funny that he should mention Social Security and 2004. On June 29, 2004, Bush's appointed SS Director signed the Social Security Totalization Agreement with Mexico. Had that aggreement been approved by Congress, it would have allowed Mexican illegal aliens to collect US Social Security benefits for the time they worked illegally in the US.

Bush never sent the agreement to Congress. He was hoping to sneak it in after his "Comprehensive Immigration Reform" was put into place. Once the illegals were put onto the road to citizenship, Bush would be able to fight for them to get US SS benefits because, "Family values don't stop at the Rio Grande." Apparently, neither do US taxpayer dollars.

His Millennial Challenge foreign aid reform encouraging free market development is a clear advance over failed aid policies. And his PEPFAR program combating AIDS in Africa and the Caribbean has saved hundreds of thousands of lives.

Hmmm... That's strange. No mention of his Partnership for Prosperity Agreement (with Mexico) nor the New Alliance Task Force. I guess he doesn't want to take credit for sending billions of US taxpayer dollars to Mexico or for helping get tens of millions of Mexican illegal aliens into the US banking system and destroying the US economy in the process.

19 posted on 11/15/2010 1:38:26 PM PST by Ol' Dan Tucker (People should not be afraid of the government. Governement should be afraid of the people)
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To: Ol' Dan Tucker
GW Bush and administration did try to rein in Fanny/Freddy but gave up because it was a jealously guarded Democrat protectorate. Barney Frank and Chris Dodd being the snarling guard dogs. It was an impenetrable Democrat swamp with just too much political and media downside to any draining it. Of course the Democrats used Fanny/Freddy to get po' people and minorities into their own houses even though they were unqualified. This was a big Democrat vote getter, eventually bailed out with your tax dollars

As far as GW and Wall Street, I saw him on the tube two days ago (Bill O'Reilly) and he still doesn't get that he and Chris Cox via their libertarian style zero regulation régime allowed Banksters/Wall Street to run wild and take home billions in compensation while decimating the US financial system. By run wild I mean making, selling, shorting (their own) mortgage backed securities they cooked while coked up late at night/////// Derivatives too which are still an unspoken overhang in the hundreds of trillions that will eventually be the reason gold really takes off acc James Sinclair. When all this paper drek collapses under its own weight only tangible goods are left as a store of value --  oil gold commodities maybe silver and copper

All in all Banksters/Wall Street are 70% responsible for the real estate disaster
Democrats like Barney Frank --- 10%
Senile ol libertarian hippie Alan Greenspan and his Federal Reserve  --- 20%

22 posted on 11/15/2010 2:08:18 PM PST by dennisw (- - - -He who does not economize will have to agonize - - - - - Confucius)
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