- Nov 10, 2019
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The stock market crash of 2008 occurred on Sept. 29, 2008. The Dow Jones Industrial Average fell 777.68 points in intraday trading.
9 of the Last 10 Recessions, under GOP Pres...
- Thread starter The Banker
- Start date
LOL I had a 13 year old daughter who showed me how to use the computer And I still don;t know lol
pretty big % back then
Lakhota
Diamond Member
What "messes" have Republicans cleaned up after Democrats? Certainly not the national debt.
Lastamender
Diamond Member
- Dec 28, 2011
- 65,087
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What crash? The economy is sound. It will rebound.
Was the House Democrat or Republican. Plus IDC. I am an Independent only a sheep belongs to one party and the parties have changed views multiple times since the times you have mentioned. You think the Republican Party has the same views now as it had in 1953? You’re a very stupid person. You’re not a Bostonian. You’re a liar.
Sure it will ,,,if you have the time
Theowl32
Diamond Member
- Dec 8, 2013
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Hey "banker" tell us all about this.
Tell us "banker" when clinton forced banks under the threat of huge fines to lend to UNQUALIFIED buyers....and his affirmative action loans.
Tell us what that did to start the real estate bubble.
Go ahead "banker." Tell us all about it.
Polishprince
Diamond Member
- Jun 8, 2016
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That's an easy one.
It was part of their strategy to win back the WH in 2008 and it worked
Theowl32
Diamond Member
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Of course.
“Banker” cannot even spell LTV
- Nov 10, 2019
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- #152
I was on a beach for two weeks. Heard about it middle of 2nd week. Got home 401K in shambles. Bush was president. Knew already, it was deregulation, championed by the republicans that led to it.. Knew even before that, I would vote Democrat in November and have never regretted it. GDP growth under Obama was slow and steady after he got it back on it's feet after the republican crash. Republican's cannot be trusted with a fast paced economy, and never could. Hillary would have sucked in 2016, possibly as bad a trump. Voted 3rd party put my affairs in order and retired. Best move I ever made. I will be voting Joe Biden in November. He won't lie and divide like trump, when the chips are down.
TroglocratsRdumb
Diamond Member
- Aug 11, 2017
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That is a great example of Democrat propaganda, because you did not say how the GOP presidents caused those recessions.
For example, the Democrats caused the Great Recession with their mortgage polices and then they tried to blame it on Bush.
mikegriffith1
Mike Griffith
#demagoguery
Your lies are outstanding. Fact that you trust any career politician shows you’re a fool. Obama spent more than all the prior presidents combined and gave rise to BLM and ISIS but yeah he was awesome...idiot.
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Mikeoxenormous
Diamond Member
You're an idiot. once again who has been in charge of Congress when the economy crashes? A fucking worthless liberal. Blame the last 2 on Nancy Pelosi, who has been in charge both times. Why dont you idiots grow up and stop voting for those assholes?
Mikeoxenormous
Diamond Member
Dont forget the 4.5 trillion the FED created so Obama could borrow that money too. That makes about 14 trillion total but hey, idiots like you dont give a shit, you just want your free shit.
Blindboo Is DeafDumbandBlindboo?
Theowl32
Diamond Member
- Dec 8, 2013
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Who signed the Commodity Futures Modernization Act?
Who rewrote the Community Reinvestment Act and do you know what that did?
Who was the president that repealed the bipartisan Glass Steagall Act. What did that do?
Who had control of the House and Senate from 2007 to 2010 and what did the economy do during that time?
2007
- August: President Bush emphatically calls on Congress to pass a reform package for Fannie Mae and Freddie Mac, saying "first things first when it comes to those two institutions. Congress needs to get them reformed, get them streamlined, get them focused, and then I will consider other options." (President George W. Bush, Press Conference, the White House, 8/9/07)
- August: Senate Committee on Banking, Housing and Urban Affairs Chairman Christopher Dodd ignores the President's warnings and calls on him to "immediately reconsider his ill-advised" position. (Eric Dash, "Fannie Mae's Offer To Help Ease Credit Squeeze Is Rejected, As Critics Complain Of Opportunism," The New York Times, 8/11/07)
- December: President Bush again warns Congress of the need to pass legislation reforming GSEs, saying "These institutions provide liquidity in the mortgage market that benefits millions of homeowners, and it is vital they operate safely and operate soundly. So I've called on Congress to pass legislation that strengthens independent regulation of the GSEs – and ensures they focus on their important housing mission. The GSE reform bill passed by the House earlier this year is a good start. But the Senate has not acted. And the United States Senate needs to pass this legislation soon." (President George W. Bush, Discusses Housing, the White House, 12/6/07)
- February: Assistant Treasury Secretary David Nason reiterates the urgency of reforms, saying "A new regulatory structure for the housing GSEs is essential if these entities are to continue to perform their public mission successfully." (David Nason, Testimony On Reforming GSE Regulation, Senate Committee On Banking, Housing And Urban Affairs, 2/7/08)
- March: President Bush calls on Congress to take action and "move forward with reforms on Fannie Mae and Freddie Mac. They need to continue to modernize the FHA, as well as allow State housing agencies to issue tax-free bonds to homeowners to refinance their mortgages." (President George W. Bush, Remarks To The Economic Club Of New York, New York, NY, 3/14/08)
- April: President Bush urges Congress to pass the much needed legislation and "modernize Fannie Mae and Freddie Mac. [There are] constructive things Congress can do that will encourage the housing market to correct quickly by … helping people stay in their homes." (President George W. Bush, Meeting With Cabinet, the White House, 4/14/08)
- May: President Bush issues several pleas to Congress to pass legislation reforming Fannie Mae and Freddie Mac before the situation deteriorates further.
- "Americans are concerned about making their mortgage payments and keeping their homes. Yet Congress has failed to pass legislation I have repeatedly requested to modernize the Federal Housing Administration that will help more families stay in their homes, reform Fannie Mae and Freddie Mac to ensure they focus on their housing mission, and allow state housing agencies to issue tax-free bonds to refinance sub-prime loans." (President George W. Bush, Radio Address, 5/3/08)
- "[T]he government ought to be helping creditworthy people stay in their homes. And one way we can do that – and Congress is making progress on this – is the reform of Fannie Mae and Freddie Mac. That reform will come with a strong, independent regulator." (President George W. Bush, Meeting With The Secretary Of The Treasury, the White House, 5/19/08)
- "Congress needs to pass legislation to modernize the Federal Housing Administration, reform Fannie Mae and Freddie Mac to ensure they focus on their housing mission, and allow State housing agencies to issue tax-free bonds to refinance subprime loans." (President George W. Bush, Radio Address, 5/31/08)
- "Americans are concerned about making their mortgage payments and keeping their homes. Yet Congress has failed to pass legislation I have repeatedly requested to modernize the Federal Housing Administration that will help more families stay in their homes, reform Fannie Mae and Freddie Mac to ensure they focus on their housing mission, and allow state housing agencies to issue tax-free bonds to refinance sub-prime loans." (President George W. Bush, Radio Address, 5/3/08)
- June: As foreclosure rates continued to rise in the first quarter, the President once again asks Congress to take the necessary measures to address this challenge, saying "we need to pass legislation to reform Fannie Mae and Freddie Mac." (President George W. Bush, Remarks At Swearing In Ceremony For Secretary Of Housing And Urban Development, Washington, D.C., 6/6/08)
- July: Congress heeds the President's call for action and passes reform legislation for Fannie Mae and Freddie Mac as it becomes clear that the institutions are failing.
- September: Democrats in Congress forget their previous objections to GSE reforms, as Senator Dodd questions "why weren't we doing more, why did we wait almost a year before there were any significant steps taken to try to deal with this problem? … I have a lot of questions about where was the administration over the last eight years." (Dawn Kopecki, "Fannie Mae, Freddie 'House Of Cards' Prompts Takeover," Bloomberg, 9/9/08)
Why are you ignoring facts and what point did you stop reading this out of embarrassment for yourself?
- Nov 10, 2019
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- #160
I read your gish gallup. I just don't buy it. It was the Bush Crash and Obama got us out of it.
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