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Sorry, but if the most innovative solution to what appears to be a real serious problem in Alaska is a 100 watt easy bake oven, then Alaskans aren't very bright. Someone should have invented a proper heating solution for heat boxes just like they did for car engines.
What's the difference? Both are going to use energy. Why is it better to install an expensive heat source as opposed to a 50 cent lightbulb?
He wasn't a liberal either - but in 2007, the Congress was fully controlled by liberal Democrats.
They are the ones who passed the bill.
They are also the ones who caused the Great Democratic Recession of 2008.
Bush signed the bill but that's less important compared to the much larger erroneous statement. The recession in 2008 was due to deregulation on banks. Reagan laid the groundwork. Clinton made a few bipartisan decisions that helped. But it was George Bush policy that caused the great recession. To make things worse, Obama did nothing to resolve the terror Bush brought on to the economy.
I can't imagine how you have been so severely misguided. But I hope this education helps.
Bush signed the bill but that's less important compared to the much larger erroneous statement. The recession in 2008 was due to deregulation on banks. Reagan laid the groundwork. Clinton made a few bipartisan decisions that helped. But it was George Bush policy that caused the great recession. To make things worse, Obama did nothing to resolve the terror Bush brought on to the economy.
I can't imagine how you have been so severely misguided. But I hope this education helps.
You have completely bought the left wing propaganda concerning the recession.
It is astonishing how little stock you liberals place in actual facts.
The recession had its roots in the housing market - specifically the Community Reinvestment Act signed by President Carter.
The CRA wasn't enforced much until President Clinton began an aggressive campaign to get people into homes which they could not afford.
President Bush inherited the mess, saw the coming train wreck from mortgages that should have never been undersigned that were going to default, and warned Congress multiple times that their current policies, including propping up the failing Fannie Mae and Freddie Mac was going to cause an economic collapse.
The Democrats(who fully controlled Congress from 2007-2011) did nothing, and in their inaction caused the 2008 recession, which was exacerbated by the Obama "stimulus", which then made it the Obama Recession.
Those are the facts - not your bank bogeyman nonsense.
You have completely bought the left wing propaganda concerning the recession.
It is astonishing how little stock you liberals place in actual facts.
The recession had its roots in the housing market - specifically the Community Reinvestment Act signed by President Carter.
The CRA wasn't enforced much until President Clinton began an aggressive campaign to get people into homes which they could not afford.
President Bush inherited the mess, saw the coming train wreck, and warned Congress multiple times that their current policies, including propping up the failing Fannie Mae and Freddie Mac was going to cause an economic collapse.
The Democrats did nothing, and in their inaction caused the 2008 recession, which was exacerbated by the Obama "stimulus", which then made it the Obama Recession.
Those are the facts - not your bank bogeyman nonsense.
Deal with them.
Nonsense. Unmitigated nonsense. There were very few bad loans in CRA areas. The bad paper was sold by WAMU and Countrywide and others in middle class and upward suburbs. It was not the inner city that got hit. It was the nice shiny new suburbs...$300,000 and up here. and they virtually got wiped out whereas the hit in the inner city was small and well spread.
This CRA nonsense is simply RWN mysticism so as to avoid the fact that the unregulated securities industry cratered. Even poor old Greenspan...
From the NY Times...
But on Thursday, almost three years after stepping down as chairman of the Federal Reserve, a humbled Mr. Greenspan admitted that he had put too much faith in the self-correcting power of free markets and had failed to anticipate the self-destructive power of wanton mortgage lending.
“Those of us who have looked to the self-interest of lending institutions to protect shareholders’ equity, myself included, are in a state of shocked disbelief,” he told the House Committee on Oversight and Government Reform.
You have completely bought the left wing propaganda concerning the recession.
It is astonishing how little stock you liberals place in actual facts.
The recession had its roots in the housing market - specifically the Community Reinvestment Act signed by President Carter.
The CRA wasn't enforced much until President Clinton began an aggressive campaign to get people into homes which they could not afford.
President Bush inherited the mess, saw the coming train wreck from mortgages that should have never been undersigned that were going to default, and warned Congress multiple times that their current policies, including propping up the failing Fannie Mae and Freddie Mac was going to cause an economic collapse.
The Democrats(who fully controlled Congress from 2007-2011) did nothing, and in their inaction caused the 2008 recession, which was exacerbated by the Obama "stimulus", which then made it the Obama Recession.
Those are the facts - not your bank bogeyman nonsense.
You have completely bought the left wing propaganda concerning the recession.
It is astonishing how little stock you liberals place in actual facts.
The recession had its roots in the housing market - specifically the Community Reinvestment Act signed by President Carter.
The CRA wasn't enforced much until President Clinton began an aggressive campaign to get people into homes which they could not afford.
President Bush inherited the mess, saw the coming train wreck from mortgages that should have never been undersigned that were going to default, and warned Congress multiple times that their current policies, including propping up the failing Fannie Mae and Freddie Mac was going to cause an economic collapse.
The Democrats(who fully controlled Congress from 2007-2011) did nothing, and in their inaction caused the 2008 recession, which was exacerbated by the Obama "stimulus", which then made it the Obama Recession.
Those are the facts - not your bank bogeyman nonsense.
Deal with them.
Lol, I wonder who's feeding you this nonsense and why you believe them. Perhaps you liberals just like to blame everyone without actually doing proper analysis of what happened. Even in this case when it's clearly my republican party at fault you liberals can't get your facts straight. You're a lost cause.
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