For those of us that still remember what it meant to be conservative:
Compared to Obama??? FLAMING conservative. He Loved the USA... Obama doing everything to destroy the USA!
Did HE sue Arizona for attempting to use the Federal laws today ? He kept the borders open and let 12 million illegals poor into the country.
YOU ARE SO WRONG!!....He signed into law the largest unfunded mandate in the Medicaid Prescriptions Act.
First it WASN'T the Medicaid Prescription Act!
It was " Medicare Prescription Drug, Improvement, and Modernization Act[1] (also called the Medicare Modernization Act or MMA"
AND AGAIN so wrong... I know because I'm an expert on Medicare as over 10,000 times a day a business I started helps providers get paid from Medicare!
IDIOT Before the MMA Medicare which again you are so stupid had over 300 different contracts to process claims which again be the idiot you are you are unaware MEDICARE DOESN"T process One of the one billion claims filed!
Bush's "Modernization" streamedline to 20 contractors! In doing so CUT costs dramatically!
And as far as your old fashion, cliched "largest unfunded portion the "Medicare Prescription NOT MEDICAID???
THE BUSH RECORD - FACT SHEET: Empowering Medicare Beneficiaries With Affordable Options
The estimated costs of this program to taxpayers have declined
nearly 38 percent since enactment. Costs to taxpayers are projected to be about $240 billion lower than originally estimated for 2004-2013.
From 2006 to 2013, States are expected to spend about $25 billion less than originally projected.
In addition to the government savings, beneficiaries are also spending less than originally estimated. The average premium that beneficiaries paid for a standard prescription drug benefit in 2008 was roughly $25 per month, nearly 40 percent lower than original estimates.
He took us into a war based on lies, and the cost drained our treasury.
You stupidiy said:" He ignored the housing bubble, and then bailed out the crooks who oversaw the mess."
YOU F...KING LIAR!!!
His administration was LAUGHED AT BY Democrats Frank and Dodd after 17 times trying to get Fannie/Freddie fixed!
"Over the past six years, the President and his Administration have not only warned of the systemic consequences of failure to reform GSEs but also put forward thoughtful plans to reduce the risk that either Fannie Mae or Freddie Mac would encounter such difficulties. President Bush publicly called for GSE reform at least 17 times in 2008 alone before Congress acted. Unfortunately, these warnings went unheeded, as the President's repeated attempts to reform the supervision of these entities were thwarted by the legislative maneuvering of those who emphatically denied there were problems. Many prominent Democrats, including House Finance Chairman Barney Frank, opposed any legislation correcting the risks posed by GSEs.
* House Financial Services Committee Chairman Barney Frank (D-MA) criticized
the President's warning saying:
"these two entities - Fannie Mae and Freddie Mac - are not facing any kind of financial crisis .The more people exaggerate these problems,
the more pressure there is on these companies, the less we will see in terms of affordable housing."..
(Stephen Labaton, "New Agency Proposed To Oversee Freddie Mac And Fannie
Mae," New York Times, 9/11/03)
* Senate Committee on Banking, Housing and Urban Affairs Chairman Christopher Dodd also ignored the President's warnings and
called 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," New York Times, 8/11/07)
Now A recent study released 12/12/12.. shows THE CRA was a major contributor!!!
" We fin
d that adherence to the act led to riskier lending by banks: in the six quarters surrounding the CRA exams lending is elevated on average by about 5 percent every quarter and loans in these quarters default by about 15 percent more often.
These patterns are accentuated in CRA-eligible census tracts and are concentrated among large banks."
New study concludes that the Community Reinvestment Act ‘clearly’ did lead to risky lending | AEIdeas
