A reminder of what caused the economic crisis we've been in for four years: Democrat policies (generation, extremist)

[jeffersondavis]

Originally Posted by TempesT68

Right wing fiscal policies have never done anything but cause massive debt and insane spending.

Clinton's wildly success progressive fiscal plans gave us a soaring economy and the biggest surplus in US history.

The GOP hasn't balanced a budget since the Nixon admin, and that really tells you somthing about how horrific GOP policies are to the nation,..

The only reason the Clinton era saw a surplus were because of his predecessors policies (Bush Sr and Reagan).

[BruSan]

So Clinton makes a speach saying in detail and with great passion, how Obama inherited a worse economy than any president before him and we can take that to the bank because Clinton took a very major role in creating that terrible economy.

Have I got that right?

No wonder he's called "Slick Willy". That's some hutzpah!

[jojajn]

Originally Posted by pghquest

Because Barney Frank blocked the NUMEROUS reform bill proposals from leaving the Committees.

So Bush promotes more lending and refinancing through Fannie and Freddie instead? Bush doubled down on these risky practices!

[jojajn]

Originally Posted by jt800

THAT is a BLATANT LIE!

Don't you even BOTHER following LINKS?:

Obama: Giving loans to people that cant afford them A good Idea!


Obamas own word about how giving loans out to people that cant afford it is a good idea..
Case Name
Buycks-Roberson v. Citibank Fed. Sav. Bank Fair Housing/Lending/Insurance
Docket / Court 94 C 4094 ( N.D. Ill. ) FH-IL-0011
State/Territory IllinoisCase Summary
Plaintiffs filed their class action lawsuit on July 6, 1994, alleging that Citibank had engaged in redlining practices in the Chicago metropolitan area in violation of the Equal Credit Opportunity Act (ECOA), 15 U.S.C. 1691; the Fair Housing Act, 42 U.S.C. 3601-3619; the Thirteenth Amendment to the U.S. Constitution; and 42 U.S.C. 1981, 1982. Plaintiffs alleged that the Defendant-bank rejected loan applications of minority applicants while approving loan applications filed by white applicants with similar financial characteristics and credit histories. Plaintiffs sought injunctive relief, actual damages, and punitive damages.U.S. District Court Judge Ruben Castillo certified the Plaintiffs’ suit as a class action on June 30, 1995. Buycks-Roberson v. Citibank Fed. Sav. Bank, 162 F.R.D. 322 (N.D. Ill. 1995). Also on June 30, Judge Castillo granted Plaintiffs’ motion to compel discovery of a sample of Defendant-bank’s loan application files. Buycks-Roberson v. Citibank Fed. Sav. Bank, 162 F.R.D. 338 (N.D. Ill. 1995).
The parties voluntarily dismissed the case on May 12, 1998, pursuant to a settlement agreement.
Plaintiff’s Lawyers Alexis, Hilary I. (Illinois)
FH-IL-0011-7500 FH-IL-0011-7501 FH-IL-0011-9000
Childers, Michael Allen (Illinois)
FH-IL-0011-7500 FH-IL-0011-7501 FH-IL-0011-9000
Clayton, Fay (Illinois)
FH-IL-0011-7500 FH-IL-0011-7501 FH-IL-0011-9000
Cummings, Jeffrey Irvine (Illinois)
FH-IL-0011-7500 FH-IL-0011-7501 FH-IL-0011-9000
Love, Sara Norris (Virginia)
FH-IL-0011-9000
Miner, Judson Hirsch (Illinois)
FH-IL-0011-7500 FH-IL-0011-9000
Obama, Barack H. (Illinois)
FH-IL-0011-7500 FH-IL-0011-7501 FH-IL-0011-9000
Wickert, John Henry (Illinois)
FH-IL-0011-9000Obama Sued Citibank Under CRA to Force it to Make Bad Loans – UPDATED « The IUSB Vision Weblog




He TRIED....but you obviously don't understand how things work in Congress.

Barney Frank was the Minority Leader on the housing sub-committee whereas he had the power to stop things from getting out from the Committee level and brought before Congress as a whole.

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. Quit finding extreme excuses to duck out of responsibility!

[jojajn]

Originally Posted by jt800

Even Bill Clinton admits the Democrats were at fault:

Your links are from Fox News and a campaign commercial for John McCain! Give us some facts.

[jojajn]

This video is Bush talking in 2007. At time point of 8:00, Bush encourages struggling home owners to go to Fannie and Freddie!


President Bush Discusses Homeownership Financing - YouTube

[jt800]

Originally Posted by jojajn

Your links are from Fox News and a campaign commercial for John McCain! Give us some facts.

So seeing with your own eyes, those Democrats saying that on video tape isn't proof for you?

In the McCain commercial, Bill Clinton says Democrats were to blame.

Are you accusing the video of being doctored?

Does he SAY that or NOT?

[jt800]

Originally Posted by jojajn

This video is Bush talking in 2007. At time point of 8:00, Bush encourages struggling home owners to go to Fannie and Freddie!

Why are you repeating yourself?

[markymarq81]

The stooges in the media and the demagogues in the Democrat party love to point fingers at Bush, its more Clinton than Bush.

[jt800]

Originally Posted by jojajn

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. Quit finding extreme excuses to duck out of responsibility!

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.