To: Tau Food
I give Bush a slice of blame for pushing home ownership for minorities to even more unrealistic levels and not actually doing much or succeeding at anything to rein in the abuses that were built into the system when he took office.
You can’t be the guy in charge for eight years of a federally-caused crisis and not have at least some responsibility for it.
Also, he got completely rolled by Paulson to push massive Goldman Sachs bailout bills.
It wasn't Bush's fault. Bush didn't force any banks to make any loans they didn't want to make. If a president could force banks to make loans, don't you think Obama would be forcing banks to make loans right now?
Bush was president when he world's economies deleveraged. He didn't cause it. He was just in the wrong place at the wrong time.
posted on 12/08/2012 11:47:23 AM PST
by Tau Food
(Never give a sword to a man who can't dance.)
"You cant be the guy in charge for eight years of a federally-caused crisis and not have at least some responsibility for it."
You betcha. His putting China on the permanent favorite trading nation can only be blamed on him. Now about everything you buy is made elsewhere - hence our permanent recession. The Bush tax cuts sure didn't create jobs in this country.
posted on 12/08/2012 12:04:41 PM PST
(without forgiveness there is no Christianity)
Unlike the current communists dictator King Obama, Bush had very little control over the choice to give the uneducated poor Americans a free home. Lest we forget that during Bush's term he warned the Senate and House that the Frank/Dodd would cost billions and hurt the economy. What most of you are spouting off is too bad Bush wasn't the dictator and would have cut these ignorant Americans off. Just doesn't work that way until our current communists dictator.
Exactly right. He may not have started it but Bush did little to nothing to stop it.
posted on 12/08/2012 1:10:17 PM PST
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