W Bush has the distinct honor of being the only President besides Herbert Hoover who

[JimH52]

W Bush has the distinct honor of being the only President besides Herbert Hoover who actually lost jobs during his term in office. That is pretty sad...

Jobs created during U.S. presidential terms - Wikipedia, the free encyclopedia

And you loons are berating a drop in the unemployment rate.....INCREDIBLE!

 

[blackhawk]

Boooooooooooooooosh.

 

[R.C. Christian]

I'm no fan of the Bush family. I hate every fucking one of them but you gotta admit that the blame Bush bullshit is mostly bullshit.

 

[occupied]

It was not all his fault other than telling the SEC to go take an eight year nap and letting Wall Street run wild.

 

[blackhawk]

You mean by continuing the policies started by Clinton? I also recall people like Barney Frank and Chris Dodd were heading up comities that were charged with overseeing all of that.

 

[boedicca]

The OP can't do math.

 

[Stephanie]

hey why not, they got another thread haten on Reagan going

so let her rip

 

[Moonglow]

You know that you can't blame a repub president for anything that was bad....why they are saints on loan from Heaven...

 

[occupied]

You mean by continuing the policies started by Clinton? I also recall people like Barney Frank and Chris Dodd were heading up comities that were charged with overseeing all of that.

How were Dodd and Frank heading committees when the house and senate were republican? Learn some civics for Christ's sake. By the time the house and senate flipped it was already much, much too late, the seeds of disaster were planted.

 

[Jughead]

W Bush has the distinct honor of being the only President besides Herbert Hoover who actually lost jobs during his term in office.

It looks like the number of Americans working were highest under W Bush ...

 

[AmericanFirst]

You mean by continuing the policies started by Clinton? I also recall people like Barney Frank and Chris Dodd were heading up comities that were charged with overseeing all of that.

How were Dodd and Frank heading committees when the house and senate were republican? Learn some civics for Christ's sake. By the time the house and senate flipped it was already much, much too late, the seeds of disaster were planted.

The seeds of disaster were planted when clinton signed into law that the banks had to lend loans to people even knowing those same people could not afford the payments. Fault lies with clinton, frank, dodd and fannie mae and freddie mac.

 

[whitehall]

Yeah, right lefties keep digging up innocuous statistics while the unemployment during the Obama 2010 administration was almost 10%. Today the feds fiddle with statistics as efficiently as the IRS loses hard drives but it seems that the real unemployment rate is around 10% and among Black people it might be as high as 15 % but that's OK because democrats need an angry unemployed base dependent on federal handouts to get votes.

 

[blackhawk]

You mean by continuing the policies started by Clinton? I also recall people like Barney Frank and Chris Dodd were heading up comities that were charged with overseeing all of that.

How were Dodd and Frank heading committees when the house and senate were republican? Learn some civics for Christ's sake. By the time the house and senate flipped it was already much, much too late, the seeds of disaster were planted.

Frank was head of the House financial services from committee from 2007=2011.
Dodd was Chairman of the Senate Committee on banking from 2007-2011.

They were in charge of those committee's 1 year ten months before the meltdown hit time to stop it maybe not time enough to see something was very wrong and take steps to reduce the damage yes. Learn some history and stop pretending like Democrats don't share the blame for the meltdown they don't own it but their not blameless either.

 

[TheOldSchool]

I almost feel bad for Dubya. His Presidency will be remembered for his idiocy, crony capitalism, and warmongering.

I truly think he had good intentions. But what's that road to hell paved with again?

 

[Dad2three]

I'm no fan of the Bush family. I hate every fucking one of them but you gotta admit that the blame Bush bullshit is mostly bullshit.

WHY?


David Stockman, Ex-Reagan Budget Director: George W. Bush's Policies Bankrupt The Country

“(Reagan’s deficit policies) allowed George W. Bush to dive into the deep end, bankrupting the nation through two misbegotten and unfinanced wars, a giant expansion of Medicare and a tax-cutting spree for the wealthy that turned K Street lobbyists into the de facto office of national tax policy,” Stockman wrote.


David Stockman, Ex-Reagan Budget Director: George W. Bush's Policies Bankrupt The Country




Economists' statement opposing the Bush tax cuts

The Economists' statement opposing the Bush tax cuts was a statement signed by roughly 450 economists, including ten of the twenty-four American Nobel Prize laureates alive at the time, in February 2003 who urged the U.S. President George W. Bush not to enact the 2003 tax cuts; seeking and sought to gather public support for the position.


According to the statement, the 450 plus economists who signed the statement believe that the 2003 Bush tax cuts will increase inequality and the budget deficit, decreasing the ability of the U.S. government to fund essential services, while failing to produce economic growth


In rebuttal, 250 plus economists who supported the tax plan wrote that the new plan would "create more employment, economic growth, and opportunities for all Americans."

WHICH SIDE WAS CORRECT?




Right-wingers Want To Erase How George Bush's "Homeowner Society" Helped Cause The Economic Collapse



Q Why would Bush’s regulators let banks lower their lending standards?

A. Federal regulators at the Office of the Comptroller of the Currency (OCC) and the Office of Thrift Supervision work for Bush and he was pushing his “Ownership Society” programs that was a major and successful part of his re election campaign in 2004. And Bush’s regulators not only let banks do this, they attacked state regulators trying to do their jobs. Bush’s documented policies and statements in timeframe leading up to the start of the Bush Mortgage Bubble include (but not limited to)

Wanting 5.5 million more minority homeowners
Tells congress there is nothing wrong with GSEs
Pledging to use federal policy to increase home ownership
Routinely taking credit for the housing market
Forcing GSEs to buy more low income home loans by raising their Housing Goals
Lowering Invesntment bank’s capital requirements, Net Capital rule
Reversing the Clinton rule that restricted GSEs purchases of subprime loans
Lowering down payment requirements to 0%
Forcing GSEs to spend an additional $440 billion in the secondary markets
Giving away 40,000 free down payments
PREEMPTING ALL STATE LAWS AGAINST PREDATORY LENDING


But the biggest policy was regulators not enforcing lending standards.


http://www.usmessageboard.com/economy/362889-facts-on-dubya-s-great-recession.html

 

[guno]

W Bush has the distinct honor of being the only President besides Herbert Hoover who actually lost jobs during his term in office. That is pretty sad...

Jobs created during U.S. presidential terms - Wikipedia, the free encyclopedia

And you loons are berating a drop in the unemployment rate.....INCREDIBLE!

hey why not, they got another thread haten on Reagan going

so let her rip

Didn't you mean ,, lets roll?

 

[Dad2three]

You mean by continuing the policies started by Clinton? I also recall people like Barney Frank and Chris Dodd were heading up comities that were charged with overseeing all of that.

How were Dodd and Frank heading committees when the house and senate were republican? Learn some civics for Christ's sake. By the time the house and senate flipped it was already much, much too late, the seeds of disaster were planted.

Frank was head of the House financial services from committee from 2007=2011.
Dodd was Chairman of the Senate Committee on banking from 2007-2011.

They were in charge of those committee's 1 year ten months before the meltdown hit time to stop it maybe not time enough to see something was very wrong and take steps to reduce the damage yes. Learn some history and stop pretending like Democrats don't share the blame for the meltdown they don't own it but their not blameless either.

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


http://www.usmessageboard.com/economy/362889-facts-on-dubya-s-great-recession.html

 

[occupied]

You mean by continuing the policies started by Clinton? I also recall people like Barney Frank and Chris Dodd were heading up comities that were charged with overseeing all of that.

How were Dodd and Frank heading committees when the house and senate were republican? Learn some civics for Christ's sake. By the time the house and senate flipped it was already much, much too late, the seeds of disaster were planted.

The seeds of disaster were planted when clinton signed into law that the banks had to lend loans to people even knowing those same people could not afford the payments. Fault lies with clinton, frank, dodd and fannie mae and freddie mac.

None of what you said is accurate, things only got out of hand during the Bush years with his appointees and republican chairmen and none of them would pass a Fanny/Freddie reform package(it was attempted few times but died in committee). It wasn't until 2007 when a reform bill was finally signed by Bush and sponsored by (gasp) Nancy Pelosi. To be fair opposition to the reform bills was bipartisan.

 

[Dad2three]

You mean by continuing the policies started by Clinton? I also recall people like Barney Frank and Chris Dodd were heading up comities that were charged with overseeing all of that.

BUSH WAS EXECUTIVE BRANCH, HUD WAS CABINET LEVEL AND THEY OVERSAW F/F!!!




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


June 17, 2004


Builders to fight Bush's low-income plan


NEW YORK (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.



Home builders fight Bush's low-income housing - Jun. 17, 2004


http://www.usmessageboard.com/economy/362889-facts-on-dubya-s-great-recession.html

 

[Dad2three]

The OP can't do math.

According to the BLS website, there were 111,634,000 Americans employed in the private sector at the start of George W. Bush's first term, in January 2001. Eight years later, in January 2009, there were 110,961,000 Americans employed in the private sector. So the United States lost 673,000 private-sector jobs on Bush's watch.

Nancy Pelosi says more private sector jobs created in 2010 than in eight years under Bush | PolitiFact

CHECK THE NUMBERS HERE BUBBA

Bureau of Labor Statistics Data