The thing is that the economy collapsed in September 2008.
The fiscal budget for year 2009 started on October 1.
There was a budget for the fiscal year 2008 in place when the bush boy collapsed the economy.
That's quite irrelevant. The presidential budget didn't crash the economy anyway.
Dana started off pretending to be some kind of respectable photographer or something. Now she just posts parroted bumper sticker crap talking points that dont really make sense.
Bush crashed the economy? Seriously? The GOP warned about the coming mortgage crisis. The WSJ wrote many editorials on Freddie Mac, warning their policies would lead to disaster. They were right. Barney Frank and the Dems in Congress wanted to "roll the dice" on them. They turned up snake eyes and of course everyone wanted to blame Bush.
Barney? Minority member of the GOP majority House 1995-Jan 2007 where simple majority rules? PLEASE tell me his super powers?? lol
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."
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
Predatory Lenders' Partner in Crime
Predatory lending was widely understood to present a looming national crisis.
What did the Bush administration do in response? Did it reverse course and decide to take action to halt this burgeoning scourge?
Not only did the Bush administration do nothing to protect consumers, it embarked on an aggressive and unprecedented campaign to prevent states from protecting their residents from the very problems to which the federal government was turning a blind eye
In 2003, during the height of the predatory lending crisis, the OCC invoked a clause from the 1863 National Bank Act to issue formal opinions preempting all state predatory lending laws, thereby rendering them inoperative
Eliot Spitzer - Predatory Lenders' Partner in Crime
Q When did the Bush Mortgage Bubble start?
A The general timeframe is it started late 2004.
From Bushs Presidents Working Group on Financial Markets October 2008
The Presidents Working Groups 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.
Bush's documented policies and statements in time frame 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 (2004)
Lowering Investment banks capital requirements, Net Capital rule (2004)
Reversing the Clinton rule that restricted GSEs purchases of subprime loans (2004)
Lowering down payment requirements to 0% (2004)
Forcing GSEs to spend an additional $440 billion in the secondary markets (2004)
Giving away 40,000 free down payments PER YEAR (2004)
PREEMPTING ALL STATE LAWS AGAINST PREDATORY LENDING (2003)
But the biggest policy was regulators not enforcing lending standards.
FACTS on Dubya's great recession
FACTS on Dubya s great recession US Message Board - Political Discussion Forum