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How the Democrats Nearly Destroyed the Economy
Townhall.com ^ | June 24, 2011 | Mona Charen

Posted on 06/24/2011 5:16:26 AM PDT by Kaslin

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To: Kaslin

American liberals began to consider anti-communism a kind of mental disorder.
They still do note actions.


41 posted on 06/24/2011 8:15:00 AM PDT by Vaduz
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To: Kaslin

Good article.
Dimrats follow a similar plan.
Create a crisis, take advantage of that crisis.
The trainwreck of 2008 is just part of their whole cloward piven strategy.


42 posted on 06/24/2011 8:15:34 AM PDT by Texas resident (Hunkered Down)
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To: US Navy Vet
You're right.

Bush hated the military and urged his generals to get them killed at the fastest rate possible.

All the photo ops and speeches he gave almost on a daily basis were fakes; he gagged whenever he found out that Rove was forcing him to go out and do another one.

43 posted on 06/24/2011 8:15:47 AM PDT by Siena Dreaming
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To: sickoflibs
Nice job of inserting the extra words in there which were not uttered by Bush.

Here's another reform Bush proposed back in 2003.

http://www.nytimes.com/2003/09/11/business/new-agency-proposed-to-oversee-freddie-mac-and-fannie-mae.html

44 posted on 06/24/2011 8:19:13 AM PDT by Siena Dreaming
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To: US Navy Vet
RE :”Rino kool-aide taste good today?

LOL, my job is to dump the Koolaid jar. This seems to be re-write Bush history week.
See : #40 and #35

How Bush apologists can deny the obvious is beyond me. It really makes me scared of having another Republican(RINO) in the WH because it's like nothing was learned from it.

45 posted on 06/24/2011 8:21:20 AM PDT by sickoflibs (If you pay zero Federal income taxes, don't say you are paying your 'fair share')
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To: sickoflibs
Looks like you're another one who also thinks Bush didn't stand up for the military.

Ugh.

46 posted on 06/24/2011 8:24:57 AM PDT by Siena Dreaming
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To: Siena Dreaming

“I guess you don’t think Bush stood up for the military?”

Sent them over on a fool’s mission in Iraq, while doing nothing to stop the invasion from the south.


47 posted on 06/24/2011 8:26:46 AM PDT by dagogo redux (A whiff of primitive spirits in the air, harbingers of an impending descent into the feral.)
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To: dagogo redux
Sent them over on a fool’s mission in Iraq

Yes, it was entirely foolish to topple Hussein.

How I wish Saddam was still there shooting at our planes, terrorizing the world with threats of WMD, funding suicide bombers, and killing his people.

Bush was entirely evil for taking him down.

48 posted on 06/24/2011 8:31:49 AM PDT by Siena Dreaming
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To: Liberty Wins
Nothing has changed. They are still making subprime loans. Go to any mortgage broker website and you will see the pigs are still squealing and fighting to get their share of the government slop.

USDA loan, 100% loan and you can ask the seller to pay your 3% of closing costs. $ to buy a home on this program? 0

FHA, 3.5% down but will allow buyer to borrow or accept gifts for that 3.5%. Closing costs are about the same percentage so the seller is normally asked to pay that in addition to the 6% agent commission and lower the sales price. Freddie and Fannie loans are usually these FHA loans. Freddie has now offered to pay the 3.5% closing costs and now is giving a $1200 bonus to selling agents.

VA is now and has always been a 100% loan.

A very small percentage of loans are conventional, 20% down, no mortgage insurance.

30% of home sales right now are cash, now were talking!

49 posted on 06/24/2011 8:33:56 AM PDT by thirst4truth (The left elected a mouth that is unattached to an eye, brain or muscle.)
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To: Siena Dreaming

From his GWB speech in 2002 it looks like his reform of Freddie and Fannie were getting them to give out bad loans to minorities with bad credit to secure their votes in the next election 2004, it didnt work out too well in 2008 after they lost those homes they couldnt afford.


50 posted on 06/24/2011 8:46:06 AM PDT by sickoflibs (If you pay zero Federal income taxes, don't say you are paying your 'fair share')
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To: sickoflibs

The Bush administration introduced 15 bills to regulate Fanne Mae and Freddie Mac. All of them never made it out of committee.


51 posted on 06/24/2011 10:16:04 AM PDT by texmexis best
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To: texmexis best; Liz; ding_dong_daddy_from_dumas; stephenjohnbanker; DoughtyOne; calcowgirl; ...
RE :” The Bush administration introduced 15 bills to regulate Fanne Mae and Freddie Mac. All of them never made it out of committee.

You mean the Republican controlled House?? Really? How could Democrats block anything there? You see Republicans blocking any bills when Pelosi was Speaker? You see Pelosi 'blocking' any House bills now? You understand how House rules work?

Apparently Bush got his 'Fannie and Freddie loans for minorities with bad credit' policy through:

GWB 2002 Speech :”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).

President Bush Mortgage Speech 2002(Helping those w bad credit buy houses)

The RINO leader Bush had to get those illegals into those new homes, jobs, credit historyor not.

52 posted on 06/24/2011 11:36:06 AM PDT by sickoflibs (If you pay zero Federal income taxes, don't say you are paying your 'fair share')
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To: Siena Dreaming
You do realize that you're just waisting your time, right?


Built with SUSE Studio

If you can't appreciate the pure beauty of the violin after hearing this, something's wrong with your ears.

Or you can get raw with these strings. Either way, the violin is sweet yet lethal.

Do it!

53 posted on 06/24/2011 11:40:33 AM PDT by rdb3 (The mouth is the exhaust pipe of the heart.)
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To: Kaslin
Geithner: Taxes on ‘Small Business’ Must Rise So Government Doesn’t ‘Shrink’

Fanniegate: Gamechanger For The GOP?

Debbie Wasserman Schultz: ‘We own the economy’

54 posted on 06/24/2011 12:42:00 PM PDT by neverdem (Xin loi minh oi)
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To: sickoflibs; Grampa Dave; texmexis best; ding_dong_daddy_from_dumas; stephenjohnbanker; ...
Bush had to get those illegals into new homes .........credit history or not.

Illegals got high-end mortgages---with no job proofs, no proof of income like Americans had to pony up. If they could breathe and write an X, the illegal got the money. But the sly illegals would flip the houses at higher and higher prices over and over to family members---duping the banks for huge amounts every time---til the last illegal absconded leaving the banks (we the taxpayers) holding the bag.

===========================================

BUSH: "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."

REFERENCE Franklin Raines Letter to Shareholders ---- 2003 Fannie Mae Annual Report

Excerpt ...Ten years ago the typical conforming mortgage required a down payment of 10-20%, and low-down payment mortgages were considered too risky. But then we helped to standardize the 3-5% down payment loan, brought it to global capital markets, and made it available to lenders and communities nationwide. Now low-down payment loans are commonplace. And we just adopted a new variance in our underwriting standards that will make the $500 down payment loan widely available as well...

In 1994, we pledged to provide $1 trillion in capital to ten million underserved families by the end of 2000. Thanks to our housing and industry partners, we met that goal early.

Then in 2000, we launched our American Dream Commitment, a pledge to provide $2 trillion in capital to 18 million underserved families by the year 2010, including $400 billion targeted specifically for minority families (later raised to $700 billion in response to President Bush’s Minority Homeownership Initiative). After four of the strongest years in housing and mortgage finance history, we’ve already surpassed the top-line goals of this commitment. But our work is far from complete.

So in January 2004, we announced our Expanded American Dream Commitment and pledged significant new resources to tackle America’s toughest housing challenges. Our new commitment has three main goals.

First, we will expand access to homeownership for six million first-time home buyers in the next ten years, including 1.8 million minority first-time home buyers.We also will help raise the national minority homeownership rate from 49 percent to 55 percent, with the ultimate goal of closing it entirely.

Second, we will help new and long-term homeowners stay in their homes through a series of initiatives, and commit $15 billion to preserve affordable rental housing and $1.5 billion to support the revitalization of public housing communities.

Third, we will increase the supply of affordable housing and support community development activities in at least 1,000 neighborhoods across the country through our American Communities Fund, and through targeted investments like Low-Income Housing Tax Credits that help finance affordable rental housing.

It is because of initiatives like our Trillion Dollar Commitment and our American Dream Commitment that we have exceeded our HUD affordable housing goals for ten consecutive years.

55 posted on 06/24/2011 12:42:35 PM PDT by Liz ( A taxpayer voting for Obama is like a chicken voting for Col Sanders.)
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To: KentTrappedInLiberalSeattle; stephenjohnbanker; Condor51; rabscuttle385; sickoflibs

"Hey Al, could you please help Weiner put it back in his pants til he gets home."

56 posted on 06/24/2011 12:51:31 PM PDT by Liz ( A taxpayer voting for Obama is like a chicken voting for Col Sanders.)
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To: Liz
RE :"Hey Al, could you please help Weiner put it back in his pants til he gets home."

Yep, Weiner was a gift to us. Too bad they finally got him to leave. The Democrats, even liberal/progessives were split and couldnt agree on what he should do arguing with one another (which is what we want) about him. But Ma-Ma Pelosi knew what to do, dont lie to Ma-Ma Pelosi (if a Democrat) getting in the way of her agenda or you get the horses head in your bed.

I should have emailed him and told him to stand 'firm'.

57 posted on 06/24/2011 1:17:38 PM PDT by sickoflibs (If you pay zero Federal income taxes, don't say you are paying your 'fair share')
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To: Liz; sickoflibs

” “Hey Al, could you please help Weiner put it back in his pants til he gets home.” “

Sharpton: “ Puts it back? I’ze about ta whips mine out!


58 posted on 06/24/2011 1:53:07 PM PDT by stephenjohnbanker (God, family, country, mom, apple pie, the girl next door and a Ford F250 to pull my boat.)
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To: Pagey

BTTT


59 posted on 06/24/2011 2:09:02 PM PDT by Pagey (B. Hussein Obama has no experience running anything, except his pedestrian mouth.)
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To: sickoflibs

And Bush made no attempt to communicate with voters and get them to put pressure on the dems. Says to me he had little respect for the people who elected him to office.


60 posted on 06/24/2011 3:59:01 PM PDT by dools0007world
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