Bush Admin warned US...

Discussion in 'Economy' started by NOBama, Apr 27, 2009.

  1. NOBama
    Offline

    NOBama Senior Member

    Joined:
    Sep 23, 2008
    Messages:
    1,242
    Thanks Received:
    173
    Trophy Points:
    48
    Ratings:
    +173
    ...as early as April '01.

    ..."Senator Obama did not weigh in on that bill", says Bret Baier.

    [youtube]cMnSp4qEXNM&NR[/youtube]

    Just a reminder.
     
  2. Iriemon
    Offline

    Iriemon VIP Member

    Joined:
    Apr 2, 2009
    Messages:
    2,745
    Thanks Received:
    99
    Trophy Points:
    83
    Location:
    Miami
    Ratings:
    +99
    You mean the same Bush administration that, according to its Republican sponsor, shot down the only bill passed in the 6 years the Republicans controlled Congress to regulate Fannie/Freddie?
     
  3. auditor0007
    Offline

    auditor0007 Gold Member

    Joined:
    Oct 19, 2008
    Messages:
    12,566
    Thanks Received:
    2,255
    Trophy Points:
    255
    Location:
    Toledo, OH
    Ratings:
    +3,218
    It does not fit the Dems agenda to take responsibility where it is due. It does, however, fit their agenda to try to blame all of this on Bush and the Republicans. People are so shortsighted, it is truly amazing. When we look at the true cause, and who was responsible, and now look at the fact that we have rewarded these people by placing them in power, we should be very scared.

    It is not that their intentions were bad. It is that they just aren't very bright to begin with.
     
    • Thank You! Thank You! x 1
  4. NOBama
    Offline

    NOBama Senior Member

    Joined:
    Sep 23, 2008
    Messages:
    1,242
    Thanks Received:
    173
    Trophy Points:
    48
    Ratings:
    +173
    I ddin't offer an opinion, but since you asked:

    In my opinion, the only reason the republicans didn’t bring it up was not because they feared it wouldn’t pass, rather they feared for their political asses, because Barney the blowhard and his band of buffoons, combined with the certain unpopularity that would have resulted from the party line vote, had it passed.

    That would have put their (Republicans) careers in jeopardy. You see, in the next election cycle Barney the blowhard and his band of buffoons would have accused the Republicans of bringing down a thriving economy that was allowing people who couldn’t (really) afford mortgage payments to buy houses.

    I suspect the same would have resulted if the President was a democrat and the Senate was majority Democrat.

    None of this usurps the fact that the Bush administration warned of what eventually was to come.

    Rather than pointing the finger and laying blame on an administration that tried to do the right thing, perhaps we the people should be looking at this as a problem with our political system that brought our economy to its knees. If we don’t demand that our elected officials recognize and correct the problem then, most likely, it will happen again. (It happens all the time, Irie).
     
    • Thank You! Thank You! x 1
    Last edited: Apr 27, 2009
  5. NOBama
    Offline

    NOBama Senior Member

    Joined:
    Sep 23, 2008
    Messages:
    1,242
    Thanks Received:
    173
    Trophy Points:
    48
    Ratings:
    +173
    Where'd ya go Irie, did Willow's cat get your tongue or did you think I was a staunch Republican that defends every thing those buffons do like you defend the dimwits?
     
  6. Iriemon
    Offline

    Iriemon VIP Member

    Joined:
    Apr 2, 2009
    Messages:
    2,745
    Thanks Received:
    99
    Trophy Points:
    83
    Location:
    Miami
    Ratings:
    +99
    That would have been surprising, since Frank and some Dems joined House Republicans in passing the bipartisan bill to regulate Fannie/Freddie, that according to its Republican sponsore, was shot down by the Bush administration.

    I'm all for demanding the Govt fix problems. The problem in this case was folks speculating in a hot housing market, brokers more eager to make a buck flipping loans than carefully underwriting the risk, and financial instuttions we have let get too big to fail investing trillions in questionable loans they thought had less risk.

    We let institutions get "too big to fail". That is what we need to recognize and correct.
     
  7. ABikerSailor
    Offline

    ABikerSailor Platinum Member

    Joined:
    Aug 26, 2008
    Messages:
    31,379
    Thanks Received:
    4,804
    Trophy Points:
    1,140
    Location:
    Amarillo TX
    Ratings:
    +8,431
    Well......considering that Bush Jr. lied to us when he told us that Saddam was responsible for 9/11, he allowed OBL to run free during HIS ENTIRE TERM, as well as kept the actual cost of the Iraq war off the books, as well as told us that the savings in oil revenue from saving the wells would pay for the war....

    Well.........what did you expect?

    BO is trying to fix it, but, just like I'd found out when I went to duty stations where the previous supervisor was a bit of a pinhead (like Bush Jr.), it generally took me around 6 months to unfuck what they had fucked up.

    Even though I don't like BO's arrogant demeanor, as well as am curious about some things he's doing, I kinda think he's on the right track.

    BTW.........ever been on a really big ship like a cruise liner or an aircraft carrier? They take a long distance to change direction also.

    This country is sorta like that.
     
  8. Truthmatters
    Offline

    Truthmatters BANNED

    Joined:
    May 10, 2007
    Messages:
    80,182
    Thanks Received:
    2,223
    Trophy Points:
    0
    Ratings:
    +2,233
    Obama was not a senator in 2001
     
  9. NOBama
    Offline

    NOBama Senior Member

    Joined:
    Sep 23, 2008
    Messages:
    1,242
    Thanks Received:
    173
    Trophy Points:
    48
    Ratings:
    +173
    Duplicate. See next post.
     
    Last edited: Apr 28, 2009
  10. NOBama
    Offline

    NOBama Senior Member

    Joined:
    Sep 23, 2008
    Messages:
    1,242
    Thanks Received:
    173
    Trophy Points:
    48
    Ratings:
    +173
    From one of your own:
     
    Last edited: Apr 28, 2009

Share This Page