LOL
Do you still have bush's dick in your mouth?
So your position is that the republican party is the defender of consumers, the defender of regulating the free market, the defender against predatotory lending practices?
My, my, what a change of heart and talking points a second great republican depression has caused.
Fannie Mae didn't cause this. The official government statisitcs have been poster here over and over, even if you pretend you didn't see them. The subprime meltown was overwhelmingly and almost universally caused by private lenders.
Only one of the top 25 lenders were even subject to the government rules you cons cry about. And the subprime lending that was going on was overwhelmingly being conducted by private lenders, without regard to government programs.
Are you really making the argument that republicans were out to regulate the markets and defend consumers?
Private lenders that were berated by the federal government if they had not made risky loans
You were right on a republican causing the first great depression. The interventionist Hoover did not allow the market to correct, plowing crops down, setting price controls, enacted protectionist tarriffs, among other things. Certainly, this was continued by FDR, but Hoover was much to blame for his interference. This is analogous to Bush interventions on the housing market, allowing Alan Greenspan to depress interest rates to way below market value, and encouraging the sale of homes to risky borrowers.
Using your logic though, it's perfectly ok for the Democrats to employ the same tactics as Bush, since you know, a democrat is in the WH now, it must have a magically opposite effect. Your partisan hackery is suffocating me.
And yes, the party that supports less taxing and less spending (therefore, less inflation) is the party that supports the consumers. Think how hard inflation has made it for poor people to survive. Gas was nearing $5 in the summer last year, groceries are high, and the only thing coming down in price are homes. You don't have to be a mathematician or economist to understand that more spending means more printing means more price inflation. I feel really bad, as we're all going to have it rough, when the $trillions that Bush and Obama spent will come home to roost. All just to line the pockets of a few bankers and special interest groups.
Unlike you, I have no reservations in going against the party I usually vote for, and naming Bush one of the worst presidents ever. He was more collectivist and socialist in his policies than anyone since FDR. But unfortunately, you're a complete partisan hack, and can't admit Obama will be the same failure.
