Obama not responsible after 2 yrs. They blame Bush after 8 mos.

[Procrustes Stretched]

trying to tie in the housing bubble with the others stuff is silly. your recipe is: throw everything in and stir

facts are facts. the Congressional record has the facts. you take things from different years and string them together out of context. Fact is Frank and others tried to fix F&F. The GOP threw monkey wrenches into every effort to fix things. They called it interfering in the free market.

--------------------------------------------------------------

http://mediamatters.org/research/200901080014

In 2005, while the Democrats were still in the minority, Frank contributed to a bipartisan effort to put his objectives -- tighter regulation of Fannie and Freddie and new funds for rental housing -- into law.

At the time, Fannie and Freddie were regulated by a small agency within the Department of Housing and Urban Development; the bill proposed to create an independent agency to monitor their operations.

Frank and Michael Oxley, who was then chairman of the Financial Services Committee, achieved broad bipartisan support for the bill in the committee, and it passed the House.

But the Senate never voted on the measure, in part because President Bush was likely to veto it.

"If it had passed, that would have been one of the ways we could have reined in the bowling ball going downhill called housing," Oxley told me. "Barney, to some extent, is misunderstood -- with this image of him as a fierce partisan. He is an institutionalist. He believes in the House and in the process. He eschews the grandstanding style that so many members use and prefers to work behind the scenes and get something done."

 

[bigrebnc1775]

trying to tie in the housing bubble with the others stuff is silly. your recipe is: throw everything in and stir

facts are facts. the Congressional record has the facts. you take things from different years and string them together out of context. Fact is Frank and others tried to fix F&F. The GOP threw monkey wrenches into every effort to fix things. They called it interfering in the free market.

--------------------------------------------------------------

Limbaugh falsely asserted "Banking Queen" Barney Frank "created" subprime mortgage crisis | Media Matters for America

In 2005, while the Democrats were still in the minority, Frank contributed to a bipartisan effort to put his objectives -- tighter regulation of Fannie and Freddie and new funds for rental housing -- into law. At the time, Fannie and Freddie were regulated by a small agency within the Department of Housing and Urban Development; the bill proposed to create an independent agency to monitor their operations. Frank and Michael Oxley, who was then chairman of the Financial Services Committee, achieved broad bipartisan support for the bill in the committee, and it passed the House. But the Senate never voted on the measure, in part because President Bush was likely to veto it. "If it had passed, that would have been one of the ways we could have reined in the bowling ball going downhill called housing," Oxley told me. "Barney, to some extent, is misunderstood -- with this image of him as a fierce partisan. He is an institutionalist. He believes in the House and in the process. He eschews the grandstanding style that so many members use and prefers to work behind the scenes and get something done."

You are an idiot, your argument was for me to refute what franks said. I ask how can you refute a liar when hes been proven to be a liar?
Did franks say their was nothing wrong in 2004 and 2005 with freddy and Fanny? YES OR NO? And your using Media matter A liberal meade watchdog source?

 

[skookerasbil]

trying to tie in the housing bubble with the others stuff is silly. your recipe is: throw everything in and stir

facts are facts. the Congressional record has the facts. you take things from different years and string them together out of context. Fact is Frank and others tried to fix F&F. The GOP threw monkey wrenches into every effort to fix things. They called it interfering in the free market.

--------------------------------------------------------------

Limbaugh falsely asserted "Banking Queen" Barney Frank "created" subprime mortgage crisis | Media Matters for America

In 2005, while the Democrats were still in the minority, Frank contributed to a bipartisan effort to put his objectives -- tighter regulation of Fannie and Freddie and new funds for rental housing -- into law.

At the time, Fannie and Freddie were regulated by a small agency within the Department of Housing and Urban Development; the bill proposed to create an independent agency to monitor their operations.

Frank and Michael Oxley, who was then chairman of the Financial Services Committee, achieved broad bipartisan support for the bill in the committee, and it passed the House.

But the Senate never voted on the measure, in part because President Bush was likely to veto it.

"If it had passed, that would have been one of the ways we could have reined in the bowling ball going downhill called housing," Oxley told me. "Barney, to some extent, is misunderstood -- with this image of him as a fierce partisan. He is an institutionalist. He believes in the House and in the process. He eschews the grandstanding style that so many members use and prefers to work behind the scenes and get something done."

 

[Procrustes Stretched]

so bigred is channeling radio talk show blowhards?

Limbaugh's attack on Frank echoes false accusations by media conservatives that proponents of the expansion of affordable housing are responsible for the financial crisis. Moreover, his attacks on Fannie Mae and Freddie Mac promote a myth that their activities caused the subprime crisis. In fact, as economist Dean Baker noted: "Fannie and Freddie got into subprime junk and helped fuel the housing bubble, but they were trailing the irrational exuberance of the private sector.

 

[Dr Grump]

[

Stay the fuck out of my country's political system your opinion means nothing.

Funnily enough, neither does yours....

 

[Dr Grump]

so bigred is channeling radio talk show blowhards?

Limbaugh's attack on Frank echoes false accusations by media conservatives that proponents of the expansion of affordable housing are responsible for the financial crisis. Moreover, his attacks on Fannie Mae and Freddie Mac promote a myth that their activities caused the subprime crisis. In fact, as economist Dean Baker noted: "Fannie and Freddie got into subprime junk and helped fuel the housing bubble, but they were trailing the irrational exuberance of the private sector.

Fairy Reb is nothing but a troll....

 

[bigrebnc1775]

so bigred is channeling radio talk show blowhards?

Limbaugh's attack on Frank echoes false accusations by media conservatives that proponents of the expansion of affordable housing are responsible for the financial crisis. Moreover, his attacks on Fannie Mae and Freddie Mac promote a myth that their activities caused the subprime crisis. In fact, as economist Dean Baker noted: "Fannie and Freddie got into subprime junk and helped fuel the housing bubble, but they were trailing the irrational exuberance of the private sector.

Holy shit did franks say that there was nothing wrong with Freddy and Fanny in 2004 and 2005? Bush said they had to be regulated in 2003 so if franks was for regulting both why didn't they do it?

 

[bigrebnc1775]

[

Stay the fuck out of my country's political system your opinion means nothing.

Funnily enough, neither does yours....

I have a vote to support my opinion and what do you have? OH yell that little island shity place called New Zealand.

 

[bigrebnc1775]

so bigred is channeling radio talk show blowhards?

Limbaugh's attack on Frank echoes false accusations by media conservatives that proponents of the expansion of affordable housing are responsible for the financial crisis. Moreover, his attacks on Fannie Mae and Freddie Mac promote a myth that their activities caused the subprime crisis. In fact, as economist Dean Baker noted: "Fannie and Freddie got into subprime junk and helped fuel the housing bubble, but they were trailing the irrational exuberance of the private sector.

Fairy Reb is nothing but a troll....

You are a cock sucking son of a bitch

 

[Dr Grump]

so bigred is channeling radio talk show blowhards?

Limbaugh's attack on Frank echoes false accusations by media conservatives that proponents of the expansion of affordable housing are responsible for the financial crisis. Moreover, his attacks on Fannie Mae and Freddie Mac promote a myth that their activities caused the subprime crisis. In fact, as economist Dean Baker noted: "Fannie and Freddie got into subprime junk and helped fuel the housing bubble, but they were trailing the irrational exuberance of the private sector.

Fairy Reb is nothing but a troll....

You are a cock sucking son of a bitch

At least you put together a coherent sentence with no typos (well almost, no period at the end of the sentence, but I'll give you a pass).

 

[bigrebnc1775]

Fairy Reb is nothing but a troll....

You are a cock sucking son of a bitch

Slirpy do you spit or swallow?

 

[Dr Grump]

OH yell that little island shity place called New Zealand.

Hey, I ain't the one bitching and moaning about my country 24/7 on a messageboard...

 

[mudwhistle]

The simplistic notion that any POTUS can be held responsible for the macro economy is the root (and the mistaken given) of this debate.

We can hold them accountable for the laws they sign and the policies they impose, and that's about it.

Obama no more owns this economic meltdown than Bush II owned it.

I see a double-standard here and I'm not buying it.

If that's the case then Bush can be forgiven for everything from not finding the WMDs to Katrina because it wasn't directly his fault.



Obama completely supports the policies that are causing the massive job losses we're still seeing so he is equally responsible as the Democratic controlled congress is. He is aggressively attacking capitalism in this country on several fronts so it's not very surprising that an economy that is based on capitalism is suffering.

Get real for once.

 

[bigrebnc1775]

OH yell that little island shity place called New Zealand.

Hey, I ain't the one bitching and moaning about my country 24/7 on a messageboard...

I am not moaning and complaining about my country stupid. My country's still the best in the world. Its the fucking trash in the white house that bothers me. But we will be removing the shit real soon.

 

[Mr. Shaman]

Let's face it this President will finish this term and if there is anything accomplished to get this economy going he will be praised by the liberal media no end. Any failures will be blamed on Bush. It was decided early on that the media would push Obama and not Hilary and it will be decided by the media that this President will be held in such high esteem that all other Presidents will be held in lower regard no matter what they accomplish.Chris Mathews who gets all tingly in his lower region whenever this President speaks will make sure the world knows that Obama was the greatest President in our history.

 

[Mr. Shaman]

Indeed. And ironically counter productive.

The more they scream BOOOOSSSSHHHHHH, the more people remember that things were better during BOOOOOSSSHHHHH's two terms overall.

Yeah....I think it was his consistency, that was so reassuring for Americans (in-general).

​

 

[Mr. Shaman]

you got another 4 months before it is 2 years as you state.... Why do you all keep saying it has been 2 years? You've been saying he has been in office for 2 years, a few months now, yet he has almost another 4 months before it is 2 years of Obama in office?

I suppose it serves your purposes?

He did have the office of the President elect so he could have his administration up and running the day he was sworn in.

[ame=http://www.youtube.com/watch?v=Zd8f9Zqap6U]YouTube - 11/15/08: President-Elect Obama's Weekly Address[/ame]

And this jewel were he said he would create two and a half million jobs
[ame=http://www.youtube.com/watch?v=PtuCmxv8znc]YouTube - President-elect Barack Obama's on Office Appointments[/ame]

That was around the same time ol' John Boner gained his video-star status, right??

[ame]http://www.youtube.com/watch?v=RpOUctySD68[/ame]

​

 

[LibocalypseNow]

The corrupt Liberal dominated MSM already proclaimed their Hopey Changey "The Greatest President in History" before he was even sworn in. It's all just one big Hopey Changey scam. Our country is a mess and this President and Democrats are to blame. They have had power for the last four years and this even included a Super Majority in Congress. What do they have to show for? They have actually made things much worse and even I didn't think they could do that. It's time to show them the door in November. "DAT BOOOOOSH!!" & "YOU A RAAACEEEST!!" wont be enough for the Democrats this time. Make 2010 count America.

 

[AmericanFirst]

Obama is still not accepting responsibility. Yet the progressive libs blame Bush for 9/11 after he was in office for 8 months.

Exactly. You gotta take credit for the things that happen on your watch. Period.

Housing Bubble & Wall Street Meltdown

These things happened under Bush and they put America in a financial hole that will swallow more than just the Obama presidency. Bush turned a healthy country into Japan, which has been fighting (and losing to) recessionary pressures for over a decade. [People don't understand what happens when you destroy the housing market and the financial system in one short period. The game is over. History will record the Bush years as a turning point]

Obama needs to take responsibility for his timid stimulus, which was far less than what was needed. He also needs to take responsibility for completing the Bush TARP. Rather than worrying about what the Right would do if big government intervened and put Wall Street crooks in jail, he merely bailed them out.

Obama's failure to take a stand against the corporations who own government is a mistake that can never be corrected.

Does America have amnesia? The Democrats are pathetic, but the GOP are fiscal criminals.

Except the housing collapse was a result of a law clinton (democrat) signed that made it mandatory that banks loan to people they knew could not pay it back. It is the direct fault of the dimwitts.

 

[Big Fitz]

Shall we look at graph with who's really controlling the purse string and are REALLY doing the spending?

1975-1994 = Democrat controlled congress.
1994-2006 = Republican controlled congress.
2008-Present = Democrat controlled congress.

Huh, what a surprise. Every time the dems controlled congress, spending SKYROCKETED!

Wow... think there's some causation in here at all?