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You seem to have forgotten that it was the Democrat controlled House and Senate that almost doubled the National Debt from 2007 through 2010 with their irrational and irresponsible spending, which ultimately caused the recession that we are still trying to dig our way out.
Bush warned the DEMOCRATICALLY controlled Congress about the housing market problems and pending collapse and they laughed in his face and said nothing was wrong....Barney Franks spit all over the podium in his desperate attempt to pretend all was fine and dandy.
yep.
not to reminding the leftards that it were dems who pushed and pushed and pushed the banks to lend the money for the mortgages to those who NEVER should be lended to - in order to "diversify and encourage the minority housing ownership"
Clearly we should have elected Caribou Barbie or the Marquis de Mittens. Either of them would have led us to glory by this point.
McCain would have been a disaster. Romney would have been a significant improvement over Obama.
Obama is our nation's worst President, it does not take much to be an improvement.
His record economically, domestically, and foreign policy wise stinks. His only accomplishments have been winning two elections with help of the biased leftwing corporate media.
The die was long cast by 2007. As for a warning from Bush, I'm gonna ask for a citation on that. He very rarely knew his left from his right hand, let alone predicting the real estate collapse.
except that it is YOU who know nothing about the issue:
New Agency Proposed to Oversee Freddie Mac and Fannie Mae
By STEPHEN LABATON Published: September 11, 2003
The Bush administration today recommended the most significant regulatory overhaul in the housing finance industry since the savings and loan crisis a decade ago.
Under the plan, disclosed at a Congressional hearing today, a new agency would be created within the Treasury Department to assume supervision of Fannie Mae and Freddie Mac, the government-sponsored companies that are the two largest players in the mortgage lending industry.
The new agency would have the authority, which now rests with Congress, to set one of the two capital-reserve requirements for the companies. It would exercise authority over any new lines of business. And it would determine whether the two are adequately managing the risks of their ballooning portfolios.
The plan is an acknowledgment by the administration that oversight of Fannie Mae and Freddie Mac -- which together have issued more than $1.5 trillion in outstanding debt -- is broken. A report by outside investigators in July concluded that Freddie Mac manipulated its accounting to mislead investors, and critics have said Fannie Mae does not adequately hedge against rising interest rates.
n 2003, when we sent our first members of the Cabinet up to talk about this on Capitol Hill, Barney Frank had a hearing in which they basically beat up everybody we sent up there in pretty vociferous language. This is the famous hearing where one of the Democratic members literally says that he is ‘pissed off’ that the administration is even raising this issue,” Rove said.
Rep. Gregory Meeks, a New York Democrat, said at that Sept. 25, 2003 House Financial Services Committee hearing that he was “pissed off at OFHEO (Office of Federal Housing Enterprise Oversight),” because of the agency’s suggestion that Fannie Mae and Freddie Mac should be regulated more closely. A number of other Democrats agreed there was no need for reform. - See more at: Bush Administration Tried to Reform Freddie and Fannie Five Years Ago | CNS News
Rove responded, “Well, there was concern about it, particularly in the housing area, we were briefed as far back as 2001 about the problems with Fannie and Freddie; in fact, we moved aggressively in 2004 to regulate Fannie and Freddie, actually got a bill through the Senate Banking and Finance Committee only to have it filibustered by [Sen.] Chris Dodd.”
Rove said Fannie Mae and Freddie Mac “accelerated their imprudent behavior after we attempted to regulate them. They bought almost as much mortgage debt from 2005 through 2008” as they bought in their first 30 years of their existence. - See more at: http://www.cnsnews.com/news/article/....PX5WpoOc.dpuf
Seems that Dubya has taken to painting these days and is singing its praises. That's just dandy, but maybe he should have considered the benefits of the arts when he cut these programs to pay for two wars and tax cuts for the wealthy.
Bush 2006-07 Budget Cuts $4.3 Billion from Education Kills or Greatly Slashes Funding for 46 Education Programs
In his fiscal budget for the federal 2006-2007 year that commences on October 1, 2006, President Bush proposes to end 42 US Department of Education programs and significantly reduce spending for four other Education programs, for total budget cuts of $4.279 billion.
This article is a complete listing of those 46 programs, along with program descriptions per the US Department of Education website.
Cut...Arts in education, $35 million - development of programs designed to improve or expand arts education (music, art, theater, dance) in elementary or middle school curricula.
Seems that Dubya has taken to painting these days and is singing its praises. That's just dandy, but maybe he should have considered the benefits of the arts when he cut these programs to pay for two wars and tax cuts for the wealthy.
Bush 2006-07 Budget Cuts $4.3 Billion from Education
Kills or Greatly Slashes Funding for 46 Education Programs
In his fiscal budget for the federal 2006-2007 year that commences on October 1, 2006, President Bush proposes to end 42 US Department of Education programs and significantly reduce spending for four other Education programs, for total budget cuts of $4.279 billion.
This article is a complete listing of those 46 programs, along with program descriptions per the US Department of Education website.
Cut...Arts in education, $35 million - development of programs designed to improve or expand arts education (music, art, theater, dance) in elementary or middle school curricula.
Seems that Dubya has taken to painting these days and is singing its praises. That's just dandy, but maybe he should have considered the benefits of the arts when he cut these programs to pay for two wars and tax cuts for the wealthy.
Bush 2006-07 Budget Cuts $4.3 Billion from Education
Kills or Greatly Slashes Funding for 46 Education Programs
In his fiscal budget for the federal 2006-2007 year that commences on October 1, 2006, President Bush proposes to end 42 US Department of Education programs and significantly reduce spending for four other Education programs, for total budget cuts of $4.279 billion.
This article is a complete listing of those 46 programs, along with program descriptions per the US Department of Education website.
Cut...Arts in education, $35 million - development of programs designed to improve or expand arts education (music, art, theater, dance) in elementary or middle school curricula.
Seems that Dubya has taken to painting these days and is singing its praises. That's just dandy, but maybe he should have considered the benefits of the arts when he cut these programs to pay for two wars and tax cuts for the wealthy.
IMO you need to get a life and maybe a mind.
I am a ZERO fan of that President, but for the last five years we've had a far worse Zero named Obama in the office.
I could care less about the color of his skin, maybe I care more for the lack of thickness of his skin.
Zero (Obama) has already created more debt for this country than all the other Presidents before him COMBINED. His answer to everything is to grow government, grow taxation and to keep fund raising like he's running for office instead of ever leading.
Zero (Obama) never is wrong and always blames everyone else (even the whole world regarding Syria).
Bush is gone, has been gone for a while. Carter left a far bigger mess than Obama got to Reagan. Reagan after 4 years turned it around, meanwhile the Zero (Obama) administration keeps turning the country off.
We have only 45% of America working in any way under Democrats and Obama.
We are approaching a hundred million on food stamps and poverty assistance after 5 years of Democrats and Obama.
The answer to all this IMO is to have better people replace all the beltway politicians in BOTH the Republican and Democrat parties with grown ups who want to balance budgets and wean the people off of hand outs.
The Democrat party are destructive and the Republican party does nothing to be an opposition party against what the Democrat party does because they have no backbone or fear the press and government employee donations backing Democrats.
If we keep this up the hand outs will have to be no more, then you get the riots because the people used to getting the hand outs will still cry for more. That is when you get whether you like it or not austerity which is basically (LIVING WITHIN YOUR BUDGET).
We need to have all unions, government employees, wavered people and politicians on Obama-care now like the rest of the poor folks. Everyone should suffer in mass so all want a solution to that mess as well.
This country needs to grow exceptional individuals that do something, not whiners with hands out.
If you grow the economy the taxes come in and get paid and you have money for more stuff.
This picking on the wealthy (of which I am not among) is childish and sinful. Thou shall NOT COVET thy neighbor's goods (for those thinking they are Christian out there wanting other people's stuff.
You can confiscate all the wealth of the wealthy out there today and you won't pay even half a years USA budget and you will never have the wealth again to attach.
It is a retarded argument for people to keep blaming rich people for their problems. Grow up. Do something smarter than being envious like trying to imitate their industrious and altruistic behavior.
You really just started a Bush thread about a cut that he made while president?
Can't take the heat coming down on obama anymore, huh?
Things that Obama`s involved in? Like saving the auto industry, killing Bin Laden, doubling the value of the stock market, saving seniors $3.4 billion on prescriptions ? Oh the horrors!
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