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 ...
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:
http://www.youtube.com/watch?v=ebWJ892h5dA
http://www.youtube.com/watch?v=JZkhCP2PhgE
And after watching the above, flashback to the following:
http://www.youtube.com/watch?v=NJiQRe8Mqao
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.
Well?
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 government—in this case, the Bush administration—are less interested in protecting or expanding their turf than in fixing a looming catastrophe. What was Frank's response to the proposal?
"These two entities—Fannie Mae and Freddie Mac—are 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."
Ha!
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.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.