Do you know left wingers still blame the 2008 housing bubble on just Booooosh?

[namvet]

 

[Care4all]

Bush isnt responsible for anything. In fact, he wasnt ever president says the rwnj

The thing is though, is that the Republican congress and their lack of oversight and actions, along with some purposeful inactions, are more to blame than Bush, other than Bush just signing off on what ever they wanted to do, no bills were ever vetoed by Bush when Repubs were in full reign, only when the Dems took over at the end of his Presidency did he veto a bill. Bush was not a hands on President, he left everything up to advisors including Cheney and believed his advisors, even when they were clearly wrong...and that hurt us

 

[AntonToo]

Video is BS, those particular warnings were irrelevant as to the causes of the of real estate market crash.

 

[ThoughtCrimes]

Of course we know that. Aren't they pathetic?

Lets play a keep-em-honest experiment:

Mentally switch the name of the person who was in White House 2001-2009 from Bush to Obama.

Ready? Ok who's fault was 2008 Great Recession...GO!

Barney Frank & his ilk

I just don't understand how this can be said, when barney Franks, even in his famous video on Fannie and Freddie, was in the MINORITY, in the House....there was NOTHING at all that Barney could stop Republicans from doing, if they proposed to do it....

So how could Barney Frank and his ilk, in the minority, do any thing at all to affect any thing at all in this mess?

The fault lies with all of the Congress but Frank is leading the charge.
The poster asked a question and I gave my assessment

If all someone had was 2 pennies and your assessment, they would only have the value of 2 cents to their net worth!

 

[AntonToo]

If all someone had was 2 pennies and your assessment, they would only have the value of 2 cents to their net worth!

Your input is weighted in gold though. Thank you so much for your content filled words of wisdom.

 

[edthecynic]

Regulations have consequences

But, but, but repealing Glass-Steagall REDUCED regulation and the Right blames its repeal for the Bush Housing Crash!!!!!
How can it be that reduced regulation caused a bubble???

 

[Toddsterpatriot]

Video is BS, those particular warnings were irrelevant as to the causes of the of real estate market crash.

What were the causes of the crash?

 

[Soggy in NOLA]

Bush isnt responsible for anything. In fact, he wasnt ever president says the rwnj

The thing is though, is that the Republican congress and their lack of oversight and actions, along with some purposeful inactions, are more to blame than Bush, other than Bush just signing off on what ever they wanted to do, no bills were ever vetoed by Bush when Repubs were in full reign, only when the Dems took over at the end of his Presidency did he veto a bill. Bush was not a hands on President, he left everything up to advisors including Cheney and believed his advisors, even when they were clearly wrong...and that hurt us

 

[Toddsterpatriot]

Regulations have consequences

But, but, but repealing Glass-Steagall REDUCED regulation and the Right blames its repeal for the Bush Housing Crash!!!!!
How can it be that reduced regulation caused a bubble???

But, but, but repealing Glass-Steagall REDUCED regulation and the Right blames its repeal for the Bush Housing Crash!!!!!

Elizabeth Warren blames its repeal, is she on the right?
So does Bernie. He a righty?

Do you blame the repeal?

 

[Theowl32]

They see the video, fair housing pushed by clintons (which are facts) and they still parrot the lies.

They are useless morons. Useful idiots as Gruber said, but utterly useless for anything else.

 

[Theowl32]

Nancy Pelosi and the democrats took over the House and Senate in 2007. From 2007 to the end of 2009, democrats had majority power, including a super majority in 2009.

What happened in that time?

Lol, that is what I thought.

 

[BuckToothMoron]

What is interesting to note here, the S&P has doubled since BO took office. Think about that. The president who talks about spreading the wealth and lifting the downtrodden has presided over an economy that has made the rich even richer through a rising stock market, while wages and growth for "his people" have been stagnant. How do we reconcile this? I know - blame it on Bush.

Darn that socialism!!

So CC, we should assume you are happy with an all time high stock market and depressed worker wages? Please explain.

 

[AntonToo]

Video is BS, those particular warnings were irrelevant as to the causes of the of real estate market crash.

What were the causes of the crash?

As I previously stated primary view of economists is that it was general market exuberance combined with poor risk management.

There is of course some disagreement on the causes but we can say with a lot of certianty that what is in that youtube compilation was not it. It takes politico right wingers specifically to claim that the crash stemmed from poor accounting at GSE's.

Note the point in the video where the claim is made in testimony that Real Estate can never lose value and everyone is just nodding along. That should tell you most of what you need to know about the crash of 2008.

 

[ClosedCaption]

Nancy Pelosi and the democrats took over the House and Senate in 2007. From 2007 to the end of 2009, democrats had majority power, including a super majority in 2009.

What happened in that time?

Lol, that is what I thought.

The bubble was created and destroyed in 24 months? LMAO

 

[ClosedCaption]

What is interesting to note here, the S&P has doubled since BO took office. Think about that. The president who talks about spreading the wealth and lifting the downtrodden has presided over an economy that has made the rich even richer through a rising stock market, while wages and growth for "his people" have been stagnant. How do we reconcile this? I know - blame it on Bush.

Darn that socialism!!

So CC, we should assume you are happy with an all time high stock market and depressed worker wages? Please explain.

Explain what? How you threw in a negative with a positive? I cant explain it.

Its like saying "Tell me how much you like apple pie and dead apple trees"

 

[Toddsterpatriot]

Video is BS, those particular warnings were irrelevant as to the causes of the of real estate market crash.

What were the causes of the crash?

As I previously stated primary view of economists is that it was general market exuberance combined with poor risk management.

There is of course some disagreement on the causes but we can say with a lot of certianty that what is in that youtube compilation was not it. It takes politico right wingers specifically to claim that the crash stemmed from poor accounting at GSE's.

As I previously stated primary view of economists is that it was general market exuberance combined with poor risk management.

Not related to the repeal of parts of Glass-Steagall?

It takes politico right wingers specifically to claim that the crash stemmed from poor accounting at GSE's

The poor accounting allowed corrupt Dems at the GSEs to get bonuses they did not deserve.

Did the GSEs add to the bubble by buying a lot of the crappy mortgages?

 

[BuckToothMoron]

What is interesting to note here, the S&P has doubled since BO took office. Think about that. The president who talks about spreading the wealth and lifting the downtrodden has presided over an economy that has made the rich even richer through a rising stock market, while wages and growth for "his people" have been stagnant. How do we reconcile this? I know - blame it on Bush.

Darn that socialism!!

So CC, we should assume you are happy with an all time high stock market and depressed worker wages? Please explain.

Explain what? How you threw in a negative with a positive? I cant explain it.

Its like saying "Tell me how much you like apple pie and dead apple trees"

Sorry it confused you. I'll try to make it simpler. Under BO - The stock market is near an all time high. Are you happy about that, and has it helped the less fortunate? Worker wages are depressed. Are you happy about that? The wealth gap has continued to widen after nearly 8 years of a BO presidency. Are you happy about that?

 

[Theowl32]

What is interesting to note here, the S&P has doubled since BO took office. Think about that. The president who talks about spreading the wealth and lifting the downtrodden has presided over an economy that has made the rich even richer through a rising stock market, while wages and growth for "his people" have been stagnant. How do we reconcile this? I know - blame it on Bush.

Darn that socialism!!

So CC, we should assume you are happy with an all time high stock market and depressed worker wages? Please explain.

He has no clue about ZIRP (Zero Interest Rate Policy) and the artificial inflation of the market. Couple the rise in the market and the less than 3% growth and the ignorant ass still cannot see the sham payoffs to their wall street friends.

Utterly useless. All of them.

 

[francoHFW]

Nancy Pelosi and the democrats took over the House and Senate in 2007. From 2007 to the end of 2009, democrats had majority power, including a super majority in 2009.

What happened in that time?

Lol, that is what I thought.

And Booosh vetoed everything 2007-9, and the Dems spent every minute of the MONTH they had control passing ACA. All irrelevant as the toxic assets were coming due no matter what. Great job! Thanks also for 9/11 thru sheer incompetence, the stupidest wars ever, a corrupt depression, and 7 3/4 years of mindless obstruction of typical solutions. GOP dupes!

 

[AntonToo]

As I previously stated primary view of economists is that it was general market exuberance combined with poor risk management.

Not related to the repeal of parts of Glass-Steagall?

I don't think you understand that government regulation and GSE are part of the general market.

It takes politico right wingers specifically to claim that the crash stemmed from poor accounting at GSE's

The poor accounting allowed corrupt Dems at the GSEs to get bonuses they did not deserve.

Did the GSEs add to the bubble by buying a lot of the crappy mortgages?

Silly, even if what you claim is true, democrat bonuses did not cause the real estate collapse.

And like I said GSEs are part of the general market, but for their part they were late to the sub-prime securities party compared to private institutions. In 2003 Bush admin has even specifically criticized them for it.

If your securitized holdings go from Tripple A to Junk overnight then no amount of proper accounting could have saved you and GSE's were always highly leveraged and will continue to be so, backed by the good faith in US of A.