Skip to comments.Obama to Mark Five-Year Anniversary of Financial Crisis from Rose Garden
Posted on 09/15/2013 1:01:41 PM PDT by ColdOne
On Monday, President Barack Obama will mark the five-year anniversary of the U.S. financial crisis by reportedly speaking from the White House Rose Garden to "highlight his administration's response to it."
The Hill reports Obama will make his remarks the day after the official anniversary, which began when Lehman Brothers collapsed five years ago. In response to the crisis, "the Bush administration pushed its Wall Street bailout plan through a reluctant Congress in late 2008 and launched a separate effort to prop up the nation's automakers."
(Excerpt) Read more at breitbart.com ...
yes, he took a five week cash flow crisis in a couple of big investment banks....and turned it into a five year (and continuing) nationwide depression with millions of jobs lost
something to “celebrate” if you want to “Transform” the “exceptional” Amerika into a crappy, poor third-world tin-pot dictatorship
THat crybaby bitch Office of the President Elect demanded it.
Now it's "Boosh's fault".
Screw this commie bastard.
He has good reason to celebrate, he’s the one who has perpetuated this crisis.
I hate him
Like Nebuchadnezzar celebrating the breaching of the walls of JerUSAlem.
Wonder if the bastard is going to mention any of his green energy fiascoes, blocking the pipeline, shutting down coal burning power plants, 100 million dollar vacations, 40 hour workweeks being cut across the board, etc, etc?
Not just perpetuated...caused.
In the Fall of '08 investors saw this socialist coming with his promises of socialized medicine, cap and trade, and a pro-Islamist policy.
The Wall Street collapse was caused by Obama gaining power, not by Bush.
If Bush did anything because Obama demanded it—by definition that is Bush’s fault.
Bastard’s probably celebrating the destruction of our economy.
How many Americans are now permanently unemployed? How many families have lost their homes and way of life? How much closer are we to Obama's Marxist ideals? How much is America diminished in world stature? How much do our former close allies now mistrust us to keep our word? How many American patriots have we left on the battlefield to die?
It is doubtful Obama will tell you how bleak the future really looks for America.
What financial crisis? The way all these government agencies spend money, I can’t imagine there’s and problem with money at all!
NSA director modeled top secret war room to look like the bridge of Star Trek’s Enterprise
As head of the Army’s Intelligence and Security Command, Keith Alexander gave orders from the odd room designed with tax dollars
Alexander now heads the embroiled NSA
His narcissism will never allow him to accept responsibility.
The American public has grown tired of him blaming President Bush. Even the liberals are tired of it now. Obama is a weak sister and our enemies know it.
Bush spent half of the bailout money.
He required the money to be paid back.
He required the money to be paid back to taxpayers with interest.
The money has been paid back with interest.
That is fiscally conservative. The Democrats took control of Congress in January 2007 and deregulated Fannie Mae.
Obama added the “emergency” funding as a permanent part of the budget. His spending has no fiscally conservative components to it. No money ever has to be paid back.
It is ridiculous the conservatives and liberals agree to blame Bush.
The bailout was NOT conservative. Bush got rolled by his Secretary of the Treasury and others in the Goldman/NY financial mafia.
And the auto bailout—which Bush IIRC attributed to wanted to please his successor—was still less conservative than that.
But I stand by my original statement, if Bush did anything under pressure from Obama that was Bush’s fault.
And McIdiot halted his campaign to address the “crisis” while Obama continued his media-slobbering tour which continues to this day.
Five years, what could have happened five years ago
to throw our economy into a tail spin. Hmmmmmmmmm?
The Big Lie is that it is a financial crisis. It is and always was a government crisis.
Government bailouts are never conservative. The market rules, let them go under. We’d be better off today. I’ll never forgive Bush for going against his ‘free market’ instincts.
Then there’s the liberty he brought to the ME. Sure, Obama’s worse, but we haven’t had a great POTUS since Reagan. Reagan didn’t get rid of a single department and like a cancer they’ve spread. We now have more than ever.
It’s time for a change.
Five years in, he (and the media) want to make sure we all STILL know that it’s “All Bush’s Fault”.
What needs to be highlighted needs to be the following:
And after watching the above, flashback to the following:
And that as well for good measure.
Makes me sad that so many conservatives play along with this.
Bush made a good conservative market correction to a massive govt driven housing bubble that would have done far more damage.
Giving the dems ALL of the congress in 2007 was part of teaching bush a conservative lesson.
It was all massive leftist statist leverage to tank the economy for the election in 2008. Bush fought it well while retaining conservative fiscal principals.
GSEs messed it up. That’s not free market. Bush wanted more regulation.
Now dems and republicans admit GSEs are bad. Conservatives agree with Obama and other leftists that its bush’s fault. It’s ridiculous.
Ever wonder why Texas didn’t experience the housing bubble like calif and Florida?
Will he talk of malaise? I'm sure he will blame the American people.
I am happy to be corrected if I am wrong. Walk me through this. Can you include links and facts that support your supposition? Thanks in advance.
Marking the five-year anniversary of financial collapse? Huh? It just reminds us that Wall Street is doing just fine while the rest of us are far worse off.
Obama had already declared himself President Elect, a heretofore non-titled OFFICE. It happened on Obama’s watch.
Well long before Fannie Mae went in the tank, Barney Frank got a piece of young male ass as payoff to stifle Bush's efforts at investigations and oversight.
Barney Frank's Fannie and Freddie Muddle(By Sam Dealey September 10, 2008)
...here's a New York Times story from September 2003, clearly showing that the first substantive Fannie and Freddie reform from inside government came from the Bush administration. Spurred by worries that Fannie and Freddie were cooking their books and taking too many risks, Treasury Secretary John Snow proposed placing the companies under Treasury oversight with strict controls over risk and capital reserves. The NYT labeled the proposal "the most significant regulatory overhaul in the housing finance industry since the savings and loan crisis a decade ago" and noted:Mr. Snow said that Congress should eliminate the power of the president to appoint directors to the companies, a sign that the administration is less concerned about the perks of patronage than it is about the potential political problems associated with any new difficulties arising at the companies.
So five years ago, there was one of those rare moments in Washington when the branches and personalities of governmentin this case, the Bush administrationare less interested in protecting or expanding their turf than in fixing a looming catastrophe. What was Frank's response to the proposal?
"These two entitiesFannie Mae and Freddie Macare not facing any kind of financial crisis," said Representative Barney Frank of Massachusetts, the ranking Democrat on the Financial Services Committee. "The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing."
And if W served as the President Elect’s lackey—whose fault was that?
The Rat Media that said BOOSH SUCKS BOOSH IS HOLDING BACK THE FIRST BLACK PRESIDENT ETC.
President Bush DID get backlash over REFUSING to grant the bailouts. They didn’t come immediately. President Elect Pantywaist threw a famous temper tantrum and stormed out of one of the meetings.
The writing was on the wall. Want to go to Hell? Far be it from Bush to stand in the way and take flack for trying to prevent it another 2 weeks when he was already catching flack as it was.
History will not be kind to the ‘One’.
If there is any justice, men and women of integrity will come to power and put Obama and the rest of this shaministration in jail for their deeds involved in denying American citizens their constitutionally guaranteed rights.
No excuse for doing the wrong thing. (And giving Obama an opening for deceptive claims about his slow budget increases over the Bush baseline.)
Blah blah blah. Obama would instead be blaming the lingering problems on Boosh’s failure to act.
Stalinists are going to lie, m’kay?
The economy was doing alright until the 2006 Democrat takeover of the House and Sentate with some "culture of corruption" scandals epitomized by two closeted homosexuals (that was the focus of the presstitute attention in dissuading church goers from supporting the GOP).
They had to tear down the economy to push through radical CHANGE. Socialism. Don't look back! "They drove us in the ditch and now want the wheel again!"
There were horrible acts perpetrated. The Rat Party is NOT about bettering this country. And if they can make bank off of misery, so much the better.
I suppose you’re for Jeb in 2016, too?
Bush meant well, but he was right there with the Dems pushing more no-money-down, government-guaranteed home loans to poor credit risks. And he was a big spender—not really one for conservative financial principles.
Not at all. I did not support Bush in his decision but refuse to clear Obama of his demand FOR that decision.
Just as it burns Obama’s butt that NO republicans voted for Obamacare. Can’t blame a single one for it.
I would start with this along with some other items posted:
That’s a weak link. I am not blaming Bush for everything, just acknowledging that he isn’t a conservative, unless it’s relative to Obama. GM should have done a prepack BK and the same with the TBTF banks. Government could have reassured the marketplace without extending any real credit.
Remember that GW Bush was a two term President, that’s 8 years. He gave us the DHS and the TSA. He could have let a couple of airlines BK or merge after 9/11. They were limping along anyway and that would have shored up the entire industry.
You can’t have it both ways - a free market and a crony capitalist market. We have the latter. I want the former. I am a conservative.
I don’t mind people wanting more conservative politicians. I voted for Cruz and bush. I see and appreciate the difference. Pretending bush wasn’t conservative is false and self destructive.
Deficits were going down until dems took over. Congress can repeal dhs etc. it won’t if dems are elected.
One million less people working today than at this time five years ago, even though US population has increased by 12 million over that span.