"Bush Wrecked The Economy And Obama Can't Fix It"

[Google]

Bush destroyed a generation of Americans by stimulating a dead economy with the housing market.

He didn't just claim the Obama presidency. We are entering a long protracted fiscal emergecny much like Japan's lost decade.

Bush created a look-the-other-way regulatory environment which caused the formation of the greatest housing bubble in American history.

Then his party lied about the cause by claiming that it was done to help the poor. Anybody who looks at Lehman, Goldman, AIG (and the 100's of lesser securitization/derivative players) can see exactly who benefited. The poor were fed to predators. The predators got bailed out, thus making unprecedented profits, while the poor were foreclosed on. This was the greatest wealth transfer in history.

America got rolled by a rogue presidency.

Bush created a look-the-other way regulatory situation?!?!?! You haven't a God damned clue.

 

[Truthmatters]

truths are not excuses.

Pretending the right couse of action is always right down the middle is not how you make wise decisions.

 

[Kuros]

Relax partisan, my OP does not negate that both parties are responsible, however, the BRUNT of it lays squarely at Bush's feet.

So its Bush's fault that Obama has continued many of his failed policies?

TARP

Auto-bailouts

Bush-era tax rates

Rampant defense spending

Increased foreign commitments (Afghanistan in particular)

Obama loyalism is antithetical even to liberal principles.

You might have a point if some of this was within Obamas power to change.

Paulson designed TARP not Obama.

The auto bailouts worked.

We got Osama and everyone knows this had to be done.

As any war scholor will tell you its much less easier to start war than to stop it.

How is the Iraq war right now?


Being in the middle is not always where the facts are.

The auto bailouts were unnecessary.

If the government hadn't stepped in and dictated the terms of the restructuring, the story goes, General Motors and Chrysler would have collapsed, and at least a million jobs would have been lost. The bailouts averted disaster, and they did so at remarkably little cost.

The problem with this happy story is that neither of its parts is accurate. Commandeering the bankruptcy process was not, as apologists for the bailouts claim, the only hope for GM and Chrysler.

It was a handout to the UAW. Detroit is still suffering either way.

Obama has done everything to defend the moral hazard of TARP.

Obama has not prosecuted anyone on Wall Street. Even now, his corrupt administration is putting pressure on the NY District Attorney. I'll admit, it wasn't as harsh as Bush's measures against Eliot Spitzer, but . . .

The rest of your post is just servile apologism.

 

[Truthmatters]

Bush destroyed a generation of Americans by stimulating a dead economy with the housing market.

He didn't just destroy the Obama presidency - he destroyed the country long term. We are entering a long protracted fiscal emergecny much like Japan's lost decade. Consumers lost trillions of dollars. It will be at least a decade before the private debt gets cleaned out and consumers can spend again.

Bush created a look-the-other-way regulatory environment which caused the formation of the greatest housing bubble in American history.

The Administration did NOTHING as the bubble grew to disastrous proportions.

Then his party lied about the cause by claiming that it was done to help the poor. Anybody who looks at Lehman, Goldman, AIG (and the 100's of lesser securitization/derivative players) can see exactly who benefited. The poor were fed to predators. The predators got bailed out, thus making unprecedented profits, while the poor were foreclosed on. This was the greatest wealth transfer in history.

America got rolled by a rogue presidency.



Home Ownership and President Bush - YouTube

Spot on

 

[Kuros]

If the Democratic Party cared for this country, they would primary Obama. But they're enjoying Wall Street contributions as much as the administration.

 

[Google]

Bush destroyed a generation of Americans by stimulating a dead economy with the housing market.

He didn't just destroy the Obama presidency - he destroyed the country long term. We are entering a long protracted fiscal emergecny much like Japan's lost decade. Consumers lost trillions of dollars. It will be at least a decade before the private debt gets cleaned out and consumers can spend again.

Bush created a look-the-other-way regulatory environment which caused the formation of the greatest housing bubble in American history.

The Administration did NOTHING as the bubble grew to disastrous proportions.

Then his party lied about the cause by claiming that it was done to help the poor. Anybody who looks at Lehman, Goldman, AIG (and the 100's of lesser securitization/derivative players) can see exactly who benefited. The poor were fed to predators. The predators got bailed out, thus making unprecedented profits, while the poor were foreclosed on. This was the greatest wealth transfer in history.

America got rolled by a rogue presidency.



Home Ownership and President Bush - YouTube

Spot on

First, is that a Australian Sheppard in your avatar pic?

Second, a rogue presidency!? Are you serious? I'm sure you were bemoaning the constitutionality of the Iraq war and completely silent on a conflict in Libya that this administration thought Congress was irrelevant.

 

[dcbl]

You are a certified lunatic...seriously...go back to kindergarden.

That the best ya got? Really?

Not a big surprise that you've made zero attempt to refute my points...

 

[Truthmatters]

You are a certified lunatic...seriously...go back to kindergarden.

That the best ya got? Really?

Not a big surprise that you've made zero attempt to refute my points...

Why dont you get buzy and prove you point before you get all gloaty

 

[Google]

You are a certified lunatic...seriously...go back to kindergarden.

That the best ya got? Really?

Not a big surprise that you've made zero attempt to refute my points...

Why dont you get buzy and prove you point before you get all gloaty

 

[Truthmatters]

Bush destroyed a generation of Americans by stimulating a dead economy with the housing market.

He didn't just destroy the Obama presidency - he destroyed the country long term. We are entering a long protracted fiscal emergecny much like Japan's lost decade. Consumers lost trillions of dollars. It will be at least a decade before the private debt gets cleaned out and consumers can spend again.

Bush created a look-the-other-way regulatory environment which caused the formation of the greatest housing bubble in American history.

The Administration did NOTHING as the bubble grew to disastrous proportions.

Then his party lied about the cause by claiming that it was done to help the poor. Anybody who looks at Lehman, Goldman, AIG (and the 100's of lesser securitization/derivative players) can see exactly who benefited. The poor were fed to predators. The predators got bailed out, thus making unprecedented profits, while the poor were foreclosed on. This was the greatest wealth transfer in history.

America got rolled by a rogue presidency.



Home Ownership and President Bush - YouTube

Spot on

First, is that a Australian Sheppard in your avatar pic?

Second, a rogue presidency!? Are you serious? I'm sure you were bemoaning the constitutionality of the Iraq war and completely silent on a conflict in Libya that this administration thought Congress was irrelevant.

First, I thought so wehn this picture was taken until he got the size of a small bus.

Hes a 90lb dog and Im pretty damned sure he is border collie and Bernnese mountain dog.

He was a pound puppy adopted at 8 weeks.

Second Bush did go rouge, Yes the Iraq was was pretty clever switcheroo at a very vulnerable time in our history. Congress signed the UN charter and is a member of nato.

Pretty much standard prosecure for presidents for some time now in modern history.

 

[WillowTree]

Bush destroyed a generation of Americans by stimulating a dead economy with the housing market.

He didn't just claim the Obama presidency. We are entering a long protracted fiscal emergecny much like Japan's lost decade.

Bush created a look-the-other-way regulatory environment which caused the formation of the greatest housing bubble in American history.

Then his party lied about the cause by claiming that it was done to help the poor. Anybody who looks at Lehman, Goldman, AIG (and the 100's of lesser securitization/derivative players) can see exactly who benefited. The poor were fed to predators. The predators got bailed out, thus making unprecedented profits, while the poor were foreclosed on. This was the greatest wealth transfer in history.

America got rolled by a rogue presidency.

Bush created a look-the-other way regulatory situation?!?!?! You haven't a God damned clue.

[ame=http://www.youtube.com/watch?v=_MGT_cSi7Rs]Shocking Video Unearthed Democrats in their own words Covering up the Fannie Mae, Freddie Mac Scam that caused our Economic Crisis - YouTube[/ame]

well,, have you considered the source?

 

[Mr. Shaman]

Bush destroyed a generation of Americans by stimulating a dead economy with the housing market.

He didn't just destroy the Obama presidency - he destroyed the country long term. We are entering a long protracted fiscal emergecny much like Japan's lost decade. Consumers lost trillions of dollars. It will be at least a decade before the private debt gets cleaned out and consumers can spend again.

Bush created a look-the-other-way regulatory environment which caused the formation of the greatest housing bubble in American history. He targeted non-credit-worthy borrowers in order to stimulate an artificial economic boom.

(Look at the video. Listen to his plan to expand minority home ownership more than any Liberal ever dreamed. Bush was leading the poor to slaughter. This is exactly what Reagan did in the 80s with 3rd world countries, using the IMF and World Bank to loan them money he knew they couldn't pay back. Once they defaulted, the U.S. gained control over their resources)

The Administration did NOTHING as the bubble grew to disastrous proportions.

Then his party lied about the cause by claiming that it was done to help the poor. Anybody who looks at Lehman, Goldman, AIG (and the 100's of lesser securitization/derivative players) can see exactly who benefited. The poor were fed to predators. The predators got bailed out, thus making unprecedented profits, while the poor were foreclosed on. This was the greatest wealth transfer in history.

America got rolled by a rogue presidency.

.....And, that OTHER Texan!!!!!!!!

(It's always those crazy Texans....)

*

[ame=http://www.youtube.com/watch?v=VcJ4sjgtIR0]American Casino - YouTube[/ame]
*
[ame=http://www.youtube.com/watch?v=oZQVGjlQmhk]Jonathan Kim Reviews American Casino - YouTube[/ame]​

 

[Google]

Spot on

First, is that a Australian Sheppard in your avatar pic?

Second, a rogue presidency!? Are you serious? I'm sure you were bemoaning the constitutionality of the Iraq war and completely silent on a conflict in Libya that this administration thought Congress was irrelevant.

First, I thought so wehn this picture was taken until he got the size of a small bus.

Hes a 90lb dog and Im pretty damned sure he is border collie and Bernnese mountain dog.

He was a pound puppy adopted at 8 weeks.

Second Bush did go rouge, Yes the Iraq was was pretty clever switcheroo at a very vulnerable time in our history. Congress signed the UN charter and is a member of nato.

Pretty much standard prosecure for presidents for some time now in modern history.

Well, at least we share a love for dogs

 

[Londoner]

Bush created a look-the-other way regulatory situation?!?!?! You haven't a God damned clue.

Shocking Video Unearthed Democrats in their own words Covering up the Fannie Mae, Freddie Mac Scam that caused our Economic Crisis - YouTube

OMG. I heard that the Right was creating videos with strategic snippets - never full sessions - but I assumed educated people didn't take them seriously.

Can you supply the dates and full transcripts of every comment, so we can see everything that was said. Please tell me you don't get your information from a political organization that pre-selects razor thin quotes - no dates, no context - and then provides 3rd grade sub-titles in order to ensure the viewer generates the correct opinion. (Wow, just wow) Please give us the full video of each session so we can hear everything that was said.

(Wow. Do people on the right get their information pre-packaged like this? Without dates or full context? Is everything washed and edited before they get it? Please tell me this isn't true)

FYI: There is no context that would let us know exactly what each speaker is referring to. We never get to hear the full exchange, or the questions asked. And it's clear that some dialogue was cut short because it didn't support the opinion of the partisan hack who created this video.

(Help)

The Bush video I used is from May 17 2002. You can get the full transcript if you like.

 

[Lakhota]

"Bush Wrecked The Economy And Obama Can't Fix It"

I agree, but I would phrase it like this:

"Bush Wrecked The Economy And NO ONE Can Fix It - At Least Not Quickly"

 

[Google]

Bush created a look-the-other way regulatory situation?!?!?! You haven't a God damned clue.

Shocking Video Unearthed Democrats in their own words Covering up the Fannie Mae, Freddie Mac Scam that caused our Economic Crisis - YouTube

OMG. I heard that the Right was creating videos with strategic snippets - never full sessions - but I assumed educated people didn't take them seriously.

Can you supply the dates and full transcripts of every comment, so we can see everything that was said. Please tell me you don't get your information from a political organization that pre-selects razor thin quotes - no dates, no context - and then provides 3rd grade sub-titles in order to lead the viewer in to the pre-selected opinion. Please give us the full video of each session so we can hear everything that was said.

(Wow. Do people on the right get their information pre-packaged like this? Without dates or full context? Is everything washed and edited before they get it? Please tell me this isn't true)

FYI: There is no context that would let us know exactly what each speaker is referring to. We never get to hear the full exchange, or the questions asked. And it's clear that some dialogue was cut short because it didn't support the opinion of the partisan hack who created this video.

(Help)

The Bush video I used is from May 17 2002. You can get the full transcript if you like.

So faced with undeniable evidence that the Democratic party resisted regulation over the agencies almost entirely to blame for the housing crisis--THAT IS YOUR RESPONSE?

It was all out of context.

 

[Google]

Bush created a look-the-other way regulatory situation?!?!?! You haven't a God damned clue.

Shocking Video Unearthed Democrats in their own words Covering up the Fannie Mae, Freddie Mac Scam that caused our Economic Crisis - YouTube

OMG. I heard that the Right was creating videos with strategic snippets - never full sessions - but I assumed educated people didn't take them seriously.

Can you supply the dates and full transcripts of every comment, so we can see everything that was said. Please tell me you don't get your information from a political organization that pre-selects razor thin quotes - no dates, no context - and then provides 3rd grade sub-titles in order to lead the viewer in to the pre-selected opinion. Please give us the full video of each session so we can hear everything that was said.

(Wow. Do people on the right get their information pre-packaged like this? Without dates or full context? Is everything washed and edited before they get it? Please tell me this isn't true)

FYI: There is no context that would let us know exactly what each speaker is referring to. We never get to hear the full exchange, or the questions asked. And it's clear that some dialogue was cut short because it didn't support the opinion of the partisan hack who created this video.

(Help)

The Bush video I used is from May 17 2002. You can get the full transcript if you like.

Do you even know why there was a congressional investigation into Freddie Mae and Fannie Mac, IN 2004 WHICH ALL OF THAT VIDEO WAS TAKEN? Blame Fannie Mae and Congress For the Credit Mess - WSJ.com

 

[dcbl]

Everyone wants proof, no one is willing to do any research themselves...

Check the ACTUAL income tax revenues following the years that Bush, Reagan, Kennedy And hell - even Coolidge cut taxes compared to the years before the tax cuts!

It's really that easy folks!

OF COURSE we can't cut taxes to zero & raise collections, but raising taxes in THIS economy would be a disaster.

Have fun guys - Federal State Local Government Revenue in United States 2011 - Charts Tables

 

[Google]

Bush created a look-the-other way regulatory situation?!?!?! You haven't a God damned clue.

Shocking Video Unearthed Democrats in their own words Covering up the Fannie Mae, Freddie Mac Scam that caused our Economic Crisis - YouTube

OMG. I heard that the Right was creating videos with strategic snippets - never full sessions - but I assumed educated people didn't take them seriously.

Can you supply the dates and full transcripts of every comment, so we can see everything that was said. Please tell me you don't get your information from a political organization that pre-selects razor thin quotes - no dates, no context - and then provides 3rd grade sub-titles in order to ensure the viewer generates the correct opinion. (Wow, just wow) Please give us the full video of each session so we can hear everything that was said.

(Wow. Do people on the right get their information pre-packaged like this? Without dates or full context? Is everything washed and edited before they get it? Please tell me this isn't true)

FYI: There is no context that would let us know exactly what each speaker is referring to. We never get to hear the full exchange, or the questions asked. And it's clear that some dialogue was cut short because it didn't support the opinion of the partisan hack who created this video.

(Help)

The Bush video I used is from May 17 2002. You can get the full transcript if you like.

This was written in 2005, I'm sure it's out of context too.

On a sunny Monday in June 2002, President George W. Bush stood in the St. Paul AME Church in a formerly dilapidated neighborhood on the south side of Atlanta. Sitting in prime seats were Franklin Raines, the CEO of Fannie Mae, and Leland Brendsel, the CEO of Freddie Mac. The President was there to unveil an initiative aimed at helping 5.5 million minority families buy homes before the end of the decade--"Part of being a secure America," he said, "is to encourage home-ownership."

Raines and Brendsel were there because, well, encouraging home-ownership was what their congressionally chartered companies existed to do. By purchasing hundreds of billions of dollars' worth of mortgages held by banks, Fannie and its cousin Freddie made it possible for financial institutions to turn around and make more loans to prospective homeowners. Or at least that's the theory.

Raines and Brendsel were there because, well, encouraging home-ownership was what their congressionally chartered companies existed to do. By purchasing hundreds of billions of dollars' worth of mortgages held by banks, Fannie and its cousin Freddie made it possible for financial institutions to turn around and make more loans to prospective homeowners. Or at least that's the theory.

It hasn't even been three years since that sunny day in Atlanta, but oh, how the world has changed. Both Brendsel and Raines have been deposed in the wake of multibillion-dollar accounting scandals. Brendsel fell in 2003, after government regulators accused Freddie Mac of understating billions in profits in an effort to smooth earnings. More recently the Securities and Exchange Commission ruled that Fannie Mae--the larger and more important of the two companies--had violated accounting rules, overstating profits by an estimated $9 billion since 2001, which represents almost 40% of its total earnings during that period. Raines, who was paid more than $90 million during his six years as CEO--much of it linked to meeting profit targets--made a last-ditch effort to save his job, but to no avail. CFO Tim Howard was also forced out. Fannie's accounting firm of 36 years, KPMG, was fired. Once one of the most politically powerful companies in America--with staunch allies in Congress who did its bidding, a notoriously weak regulator, and a willingness to steamroller its critics--Fannie today is more vulnerable, in both a business and political sense, than it has ever been before. However it emerges from this scandal, it will almost surely never again be the unstoppable force it once was. http://money.cnn.com/magazines/fortune/fortune_archive/2005/01/24/8234040/index.htm




BTW Who has warned you that the 'right' was falsely editing videos to exploit their meaning, Ed Shultz!?!?!??!

 

[Google]

Bush created a look-the-other way regulatory situation?!?!?! You haven't a God damned clue.

Shocking Video Unearthed Democrats in their own words Covering up the Fannie Mae, Freddie Mac Scam that caused our Economic Crisis - YouTube

OMG. I heard that the Right was creating videos with strategic snippets - never full sessions - but I assumed educated people didn't take them seriously.

Can you supply the dates and full transcripts of every comment, so we can see everything that was said. Please tell me you don't get your information from a political organization that pre-selects razor thin quotes - no dates, no context - and then provides 3rd grade sub-titles in order to ensure the viewer generates the correct opinion. (Wow, just wow) Please give us the full video of each session so we can hear everything that was said.

(Wow. Do people on the right get their information pre-packaged like this? Without dates or full context? Is everything washed and edited before they get it? Please tell me this isn't true)

FYI: There is no context that would let us know exactly what each speaker is referring to. We never get to hear the full exchange, or the questions asked. And it's clear that some dialogue was cut short because it didn't support the opinion of the partisan hack who created this video.

(Help)

The Bush video I used is from May 17 2002. You can get the full transcript if you like.

This is a desperate response of someone that was just exposed to the truth!!!!!!!!

It just can't be