Forget having a serious debate with that mental midget. You post figures and facts and get "George Bush lied us into war and crashed the economy!"
Not possible.
So Bush didn't crash the economy by ignoring regulator warnings, fighting all 50 states on predatory lending and allowing the Bankster to flood the market with cheap money with his SEC rule change in 2004?
The "turmoil in financial markets clearly was triggered by a dramatic weakening of underwriting standards for U.S. subprime mortgages, beginning in late 2004 and extending into 2007," the President's Working Group on Financial Markets OCT 2008
Yeah actually none of that is true.
You are a mental midget, unable to think beyond catch phrases and bumper stickers. Other posters will figure it out too.
Q When did the Bush Mortgage Bubble start?
A The general timeframe is it started late 2004.
From BushÂ’s PresidentÂ’s Working Group on Financial Markets October 2008
“The Presidents Working Group’s March policy statement acknowledged that turmoil in financial markets clearly was triggered by a dramatic weakening of underwriting standards for U.S. subprime mortgages, beginning in late 2004 and extending into 2007.”
Right-wingers Want To Erase How George Bush's "Homeowner Society" Helped Cause The Economic Collapse
2004 Republican Convention:
Another priority for a new term is to build an ownership society, because ownership brings security and dignity and independence.
...
Thanks to our policies, home ownership in America is at an all- time high.
(APPLAUSE)
Tonight we set a new goal: 7 million more affordable homes in the next 10 years, so more American families will be able to open the door and say, "Welcome to my home."
One president controlled the regulators that not only let banks stop checking income but cheered them on. And as president Bush could enact the very policies that caused the Bush Mortgage Bubble and he did. And his party controlled congress.
June 17, 2004
(CNN/Money) - Home builders, realtors and others are preparing to fight a Bush administration plan that would require Fannie Mae and Freddie Mac to increase financing of homes for low-income people, a home builder group said Thursday
Bush forced Freddie and Fannie to purchase more low income home loans, $440 billion in MBSs and then reversed the Clinton rule that actually reigned in Freddie and Fannie
"(In 2000, CLINTON) HUD restricted Freddie and Fannie, saying it would not credit them for loans they purchased that had abusively high costs or that were granted without regard to the borrower's ability to repay."
How HUD Mortgage Policy Fed The Crisis
"In 2004 (BUSH), the 2000 rules were dropped and high‐risk loans were again counted toward affordable housing goals."
http://www.prmia.org/sites/default/files/references/Fannie_Mae_and_Freddie_Mac_090911_v2.pdf
DUBYA FOUGHT ALL 50 STATE AG'S IN 2003, INVOKING A CIVIL WAR ERA RULE SAYING FEDS RULE ON "PREDATORY" LENDERS!
Eliot Spitzer - Predatory Lenders' Partner in Crime
Dubya was warned by the FBI of an "epidemic" of mortgage fraud in 2004. He gave them less resources
FBI saw threat of loan crisis
A top official warned of widening mortgage fraud in 2004, but the agency focused its resources elsewhere.
"It has the potential to be an epidemic,"
FBI saw threat of loan crisis - Los Angeles Times
Later in 2004 Dubya allowed the leverage rules to go from 12-1 to 33-1 which flooded the market with cheap money!
The SEC Rule That Broke Wall Street