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Look. Your huge copy and paste job is from 1994! If this was a recognized problem by the GOP back then, they sure did nothing about it while they had the majority of both houses and president.
Don't you get tired of being so consistently wrong and obtuse?
Quote:
Originally Posted by Linked in the OP
On April 7, 2005, Treasury Secretary John Snow warned again: "These large portfolios, unchecked in their growth over the last decade or so, pose a real problem." The Senate Banking Committee adopted strong regulation that would have prevented Fannie and Freddie from acquiring these bad mortgages. All of the Republicans on the committee voted for it, and all the Democrats voted against it, and it passed out of the committee on a straight party-line vote. But Democrats then filibustered the bill on the Senate floor, preventing it from being brought to a vote.
Unsurprisingly, we get nothing from the fanatic liberal losers except more vague accusations, smears, and the usual namecalling, with nothing but feeble attempts at backup which blow up in their faces every time.
Back to the subject:
The next time you hear the usual Democrat extremists on TV insisting that "We don't want to go back to the Republican policies that got us here", remember that THEY don't have anything except similar smears and namecalling, but distressingly few facts.
Because, in fact, it was DEMOCRAT policies that cause the present financial crisis. Policies that began a generation ago, and kept building and building more risky debt like a ticking time bomb that finally exploded in 2008, as documented in the OP here and its links.
If there's anything we don't want to go back to this coming election, it's those Democrat policies that caused the recession that we still haven't recovered from.
People who are honest and have done any research AT ALL on this topic, know that this began under Carter, was strengthened under Clinton, and then Democrats rejected every attempt a Republican made to do anything about it.
The WORST offender in my viewpoint was Barney Frank when he scoffed about there not being a housing bubble and that Fanny and Freddie were on solid ground.
reagan was the ultimate fan of deficits and deficit spending.. that is how he "turned the economy around" in his day.. now republicans scream bloody murder about deficits when their administrations and congresses have incurred THE MOST deficit spending since.. lets not make it any harder or spin it any more than necessary, because that's just it and it's factual
reagan was the ultimate fan of deficits and deficit spending.. that is how he "turned the economy around" in his day..
Looks like this thread is collecting fanatic liberal lies like honey collects flies.
Reagan turned the economy around (from the disaterous Carter years, the ones that laid the seeds for our present economic mess) by cutting tax rates. He believed that cutting tax rates wold cause so much economic activity, that not only would people become more prosperous, but revenues to the government would INCREASE as a result of there being more activity to tax.
And he was proved right, almost immediately. In every year of his Presidency after the first, government revenues went UP even though tax rates were lower.
Interest rates also came down, inflation came down, and unemployment came down, all as a direct result of his policies... and stayed that way, until the next President was forced to raise tax rates by his Democrat Congress, after swearing "Read my lips. No new taxes".
The Democrats in Reagan's Congress drew up budgets with huge amounts of deficit spending, running up the debt like crazy, and threatened to cancel Reagan's buildup of the military unless he signed them, He caved and signed, and the deficit exploded.
It's hilarious, even today, to hear Democrats try to tell us that the deficit spending by Congressional Democrats in those days, "turned the economy around" and was the reason prosperity returned. If that was true, we'd be ten times as prosperous now, after four consecutive TRILLION DOLLAR DEFICITS by Barack Obama and the Congressional Democrats of today!
You LIED and said that Obama was ony protesting against predatory lending practices.
Since you CANNOT FOLLOW A LINK, I was forced to copy and paste what the link was.
It CLEARLY shows that Obama sued a bank in 1994 to FORCE them to lend money to people who couldn't pay it back.
This just shows how far back Obama's involvement in the financial crisis really is.
And when he got to Congress, in his FIRST YEAR he was #4 on the campaign donations list from Fannie and Freddie behind Chris Dodds, Barney Frank, and John Kerry.
Look. Anyone who bought a house in 1994 probably had it pretty well paid off by 2008.
Unsurprisingly, we get nothing from the fanatic liberal losers except more vague accusations, smears, and the usual namecalling, with nothing but feeble attempts at backup which blow up in their faces every time.
Back to the subject:
The next time you hear the usual Democrat extremists on TV insisting that "We don't want to go back to the Republican policies that got us here", remember that THEY don't have anything except similar smears and namecalling, but distressingly few facts.
Because, in fact, it was DEMOCRAT policies that cause the present financial crisis. Policies that began a generation ago, and kept building and building more risky debt like a ticking time bomb that finally exploded in 2008, as documented in the OP here and its links.
If there's anything we don't want to go back to this coming election, it's those Democrat policies that caused the recession that we still haven't recovered from.
LOL! Your republican president was pushing Freddie and Fannie to the public as late as 2007!
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, before 2005.
