Notice how these professional liars always go back to Bush's failures to tar Obama.
From 2007 to Jan 2009 Bush LOST 5 million American worker's jobs.
Since Obama started we have gained back those 5 million American worker's jobs.
So the real reason immigrant workers account for all employment growth since 2007 is BOOOOOOOSH pissing away 5 million American worker's jobs!
So explain how Bush did that exactly. If I remember correctly, the jobs lost were because of the housing market bubble and burst which has many a Democrat fingerprint on it.
Bush held the pin that burst the Bush housing bubble without any help from anyone else.
Fannie Mae Eases Credit To Aid Mortgage Lending
By STEVEN A. HOLMES
Published: September 30, 1999
Fannie Mae Eases Credit To Aid Mortgage Lending
Minorities' Home Ownership Booms Under Clinton but Still Lags Whites'
May 31, 1999|RONALD BROWNSTEIN |
Minorities' Home Ownership Booms Under Clinton but Still Lags Whites'
Bill Clinton's drive to increase homeownership went way too far
Posted by: Peter Coy on February 27, 2008
Bill Clinton's drive to increase homeownership went way too far - BusinessWeek
And now for the truth!
Bush Minority Homeownership Plan Rests Heavily on Fannie and Freddie
BUSH MINORITY HOMEOWNERSHIP PLAN RESTS HEAVILY ON FANNIE AND FREDDIE
Written by Kenneth R. Harney on Sunday, 23 June 2002 7:00 pm
When President Bush announced his Minority Homeownership plans last week in Atlanta, his top priorities were new federal programs: a $2.4 billion tax credit to facilitate home purchases by lower-income first-time buyers, and a $200 million national downpayment grant fund.
But none of the new federal programs--if passed by Congress--will come even close to achieving the 5.5 million-household increase in minority homeownership the President set as his target.
Instead, most of the heavy lifting was assigned to two mortgage market players that have sometimes come under fire from Bush administration officials and Congressional Republicans:
Fannie Mae and
Freddie Mac .
Fannie's and Freddie's commitments are the bedrock core of the President's ambitious plans--but didn't get the headlines. Fannie Mae agreed to increase its already substantial lending efforts to minority families by targeting another $260 billion of mortgage purchases to them during the next nine years. Freddie Mac agreed to buy an additional $180 billion in minority-household home loans during the same period.
Both corporations also announced specific plans to increase home purchases by African-Americans, Hispanics and immigrants. Fannie Mae, for example, pledged to create an entirely new mortgage product “designed to meet the unique needs of New Americans.” The new loan concept would include underwriting changes that remove some of the common barriers immigrants encounter here--denial of credit because of inadequate or short credit histories, reliance on communal funds for downpayment money, and language and cultural issues. Fannie also promised to establish 100 “outreach partnerships” with predominantly-minority churches, mosques and “other faith-based institutions” to fund mortgages for their congregations.