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But home prices began escalating well before Bush even got into office. In fact, one of the reasons I bought a home when I did (in '97) was because the rent on my apartment was going up and so were home prices. I was tired of the yearly rent hike and I wanted to buy a house before prices rose much further.
Bill "I could have prevented this" Clinton was President in '97, not Bush.
Neither party or president had a monopoly on the creation of the crisis.
Liberals can't go there. It is too enlightening and scary. Pretty funny how they can blame Republicans when Clinton himself stated that the Democrats need to take much of the blame.
Speaking of the zero down-payment initiative. It seems it was a bipartisan piece of legislation. In fact you should look into it thoroughly.
Good morning, Chairman Ney, Vice Chairman Green, Ranking Member Waters, and distinguished Members of the Subcommittee. Thank you for the opportunity to testify today regarding the Administration's Zero Down Payment Initiative. This major new mortgage insurance product was included in the FY2005 Budget, and is specifically designed to help first-time homebuyers purchase a home. I would like to take this opportunity to thank Congressman Patrick Tiberi for introducing H.R. 3755, the Zero Downpayment Act of 2004. I would also like to thank the 30 Members of Congress --- both Democrats and Republicans --- who have agreed to co-sponsor this important bipartisan legislation.
Some reactors may want to actually read the posts and identify which ones are disclaiming blame by one party or the other and one president or the other and those which are refuting the claims of innocence.
Never said it wasn't. I was just refuting the claims of innocence for George Bush in the creation of.
Just trying to keep thing real. Both parties and their leaders are to be blamed. Thank God for the Internet and all the YouTube videos that prove that no one is innocent.
Just trying to keep thing real. Both parties and their leaders are to be blamed. Thank God for the Internet and all the YouTube videos that prove that no one is innocent.
When things were going great there was not enough credit to go around and now when things have tanked there is enough blame for all but very few takers.
Just trying to keep thing real. Both parties and their leaders are to be blamed. Thank God for the Internet and all the YouTube videos that prove that no one is innocent.
When I can find it I will send you a link PM that really does a great job explaining part of what really happened. Hope I can find it again.
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