Posted on 05/02/2012 8:13:03 AM PDT by Sen Jack S. Fogbound
The Bear stock market started September 2007 NOT September 2008 a year later.
Yes, it peaked in Sept 08'. Rahbini Dr Doom made his call on CMO's etc the same weekend, I remember the posting here, trying to figure out what the heck he was talking about... Those of us that got out around then or shorty their after ( Thank you Glenn Beck ) faired ok....
Bush bragged about CRA type housing risky loan policies to minorities that he promoted. He gave speeches bragging about it easy to find on the internet.
Yes, and at the same time GWB. McCain, Chris Shay's etc were on a screed to reform Fannie and Freddie numerous times only to get blocked by the likes for Bwanney Fwank and Maxine Waters and the Rest of the Black Caucus.
The crash was a result of bubble that was started back in 2002 and 2003. By 2007 it was little late to reform home loans as prices were at their peak of the bubble.
The Clinton / Gingrich / Lott passing of the last fiancial reform act in 99' changed the home exemptions up to 250k single and 500k married if you lived in for 2 years. I want to know how many in the House and Senate became flippers with that one.. Na this had no effect on the housing market... Ya think? IMHO it was the reason all the over 50 crowd empty nesters starting flipping and probably one of the major reasons for the housing bubble It was tax free money!
IMHO all homes are a capital asset and if ya like the 15% rate, treat them as such and make long term 1 year as well. Then all capital endeavors are on an equal footing, it is your abilities that would determine your gains in a given market / endeavor...
Speaking of looking silly ......
The 110th Congress (and Senate) was elected on November 6, 2006 and effectively took control of the House of Representatives the following day. Every legislative act and the economic meltdown that you reference occurred after this date. W, certainly too gracious in bending to the ignorant American electorate who willingly put liberal democratic socialists in power, only attempted to limit their legislative actions since he had no other course of action. The GOP Senate (see references above at #19 and #39) was feckless and complicit with the liberals. No chance for any veto by W holding up.
And with regard to the critical Banking and Financial Services reform ....
He probably got war weary. Not from the fighting in Iraq but from the politics surrounding Iraq. Cindy Sheehan. The “die-ins” in Times Square. The constant drumbeat of negativity.
A person only has so much fight in them and I think Bush reached his limit during the heights of the Iraq war protests. After that, he had no stomach for the fight.
Ineffective isn’t the word for 0bamaao.
W was overwhelmed by Nazi Pelosi and her never-ending references to “The failed Bush Administration” and the relentless media harping on that theme
And the Media is trying to do it again to help Obama
Sept 11 2003.
New Agency Proposed to Oversee Freddie Mac and Fannie Mae
A nice, civilized guy who likes compassion more than he likes conservatism and the Constitution.
John Derbyshire: Eight Wasted Years...Margaret Thatcher used to talk about the ratchet effect. When the Left gets power, she said, they drive everything Left; when the Right gets power, they slow the Leftward drive, perhaps even halt it for a spell; but nothing ever gets moved to the Right. U.S. politics in the 21st century so far bears out this dismal analysis. What does the Right have to show for eight years of a Republican presidency? I supported George W. Bush in 2000 because I thought he had a conservative bone in his body somewhere. I supported him in 2004 because I thought him the lesser of two evils. At this point, I wouldnt let the fool park his car in my driveway. Bruce Bartlett was right, every damn word...Bill Gertz interview on Hannity and Colmes Gertz: Well he casts himself as a compassionate conservative and I argue that he's neither. That his administration is neither. He's done tremendous damage to the conservative movement... |
The only thing Obama "inherited" was the bin Laden intel.
Thanks for proving lies and misinformation work on the willingly ignorant.
Ah, the List. Proving the dishonest never sleep. The Left produces a turd and you eat it. Well done.
General Petraeus would have maintained a lasting, working peace if he had been allowed to remain. Ask ANYONE with any knowledge of these fights and they'll say the same thing.
Obama has worked hard lose these fights and the Left has worked equally hard to paint them as failures.
Looks like it worked with you.
All the malcontents will fly in from their sewers at the first ring of “Bush” bell. We’ll get the Lists and the BS. It never ends.
She is NOT “pro-abortion”.
She is NOT “pro-abortion”. You’re a liar.
I assume you mean “veto” pen. Another lie. His first veto was to stop embryonic stem cell experiments.
Dems were terrified when they saw that Bush was actually going to be seen as a hero for winning the WOT.
They and MSM co-horts pulled out all the stops and attacked him mercilessly with Alinsky tactics which worked (lie, lie and keep lying). Your cited fact that the deficit was extremely healthy (i.e. economy was being restored) until Dems took over is a solid one.
Watch and see. We will adopt Bush policies again and the US will thrive. Then Bush will have his well-deserved legacy.
They had zero power to block anything in the house from 2001 to 2006 under Republican control. You think the House has a filibuster?
As I already pointed out by 2007 it was too late, Housing prices had reached levels they could never be sustained at. They were going to crash and the big fall started Sept 2007 with a brief suckers rally in mid 2008 when Bush and Bernake assured the country that the economy was sound.
Earlier Bush was too busy taking credit for home loans to minorities with bad credit to propose reforms that would end his own programs.
GWB 2002 Speech :More and more people own their homes in America today. Yet we have a problem here in America because fewer than half the Hispanics and African Americans own their own homes. Thats a home ownership gap; a gap that we got to work together to close. And by the end of this decade well 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 dont 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)
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