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description= 5 posts published by Michael in MI during August 2010;
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lating fannie freddie yet despite the fact that their policies caused the housing crisis they turn around and blame president bush and the gop pathetic it also obviously worked for them in 2008 when they swept to huge majorities in both houses of congres and took the white house by blaming president bush and the gop for the failed policies of the last 8 years um those failed policies were not conservative nor capitalist policies but socialist policies that failed so it was not a gop vs democrat policy issue but a conservative vs socialist progressive liberal policy issue the dirty little secret is that there are socialists and liberals within the gop who worked with democrats to either enact socialist policies or give democrats cover for their socialist policies by voting with them to make the bills seem bipartisan but if you look back to the policies which caused our current recession depression see here here here you ll see that it was the democrat party s liberal policies which caused them not conservative policies not tax cuts and not capitalism failing that last one is important to note because the current democrat party and especially barack obama and his cabinet and czars is made up of anti capitalists socialists and marxists so it was key to them to sell the american electorate on the failure of capitalism hide the fact that it was the failure of socialism and then gain power so as to enact their marxist policies which they knew would make things worse but making things better was never their intention as barack obama famously said during the campaign he was not interested in bringing in more tax revenue he was more interested in fairness and spreading the wealth around in other words he was not interested in capitalism but socialism and marxism so since this strategy worked to perfection on an ignorant apathetic and dumbed down american electorate in 2006 and 2008 the democrats and mf ing media are simply sticking to the same game plan until we prove to them that we are not the apathetic dumbed down ignoramuses they believe us to be on that note it is good to see the military commenters at this ain t hell take to task a currently still ignorant commenter i hope conversations like these are happening all across the nation and people are finally getting educated and informed and energized to vote out the socialists and marxists in nov 2010 and nov 2012 the hill reports that democrats have released a video in which they re still blaming gwb for the economic problems we re experiencing almost two years after he left office despite the fact that bush and mccain both tried to rein in fanniemae and freddiemac the triggers for for the housing bubble for years before the economic crisis struck don t get me wrong i think democrats should run against bush but only because it s losing strategy yeah so keep it up democrats it gives us a more frequent opportunity to mention whose policies were really behind current economic conditions joe says august 20th 2010 at 9 49 am so let me get this straight on the one hand you give credit to bush for getting us out of iraq even though he s been out of office for what 19 months but no blame for driving the country into a ditch as the saying goes kind of selective memory you can t turn the uss enterprise on a dime and you can t turn around a totally screwed up economy that quickly either has obama made mistakes you betcha but nothing compared to his predecessor old tanker says august 20th 2010 at 9 53 am but nothing compared to his predecessor so let me get this straight bush told fannie and freddie to lend money to people that couldn t pay it back franklin raines is laughing all the way to the bank joe says august 20th 2010 at 11 49 am where to start bush promoted the ownership society which promoted and enabled the real estate crisis he also promoted deregulation so unscrupulous mortgage brokers could put green pea home owners into mortgages they could neither afford nor understand without fear of getting caught in fact one of his biggest screw ups was creating an environment where honest brokers had to face a devil s choice play by the rules and lose out or bend the rules like your competitors and reap illicit profits cronyism lack of oversight and regulation tax cuts for the wealthy ceo s earning 400 times what their workers earn a growing divide between the haves and have nots opps gotta run later nhsparky says august 20th 2010 at 12 04 pm joe was bush responsible for the cra was he responsible for acorn and other groups suing banks for creating so called redline loans did he sit in front of congress and tell the american people that freddie and fannie are basically sound jonn lilyea says august 20th 2010 at 12 13 pm unscrupulous mortgage brokers couldn t loan to prospective homeowners without fanm fredm backing loans with taxpayer dollars to people with a history of bailing on their obligations deregulation and the ownership society aren t the problem here do you own your house joe why do you get to own your house and others don t i own my house i bought it when i could afford to pay for it that s not a new concept for years i resisted the peer pressure to buy a house in favor of common sense and there were no mortgage brokers or banks involved in my purchase and certainly no fanniemae or freddiemac i don t need the government to help me buy my chunk of america old tanker says august 20th 2010 at 12 41 pm deregulation of mortgage lenders that was cra started by jimmeh carter and expanded by bill clinton franklin raines clinton appointee who headed fannie at the time predicted all of this and advised clinton not to clinton did it anyway and told raines to get in line and shut up raines made over 90 million from fannie how did bush have anyhting to do with that when the federal regulator for fannie testified before congress as john mccain was pushing for legislation to reign fannie and freddie in both coutrywide chris dodd and barney banking queen frank said there s nothing wrong here everything is hunky dory you can throw maxine bailout my husbands bank waters in there as well jacobite says august 20th 2010 at 12 47 pm blaming bush for everything you mentioned in 7 is pure bilge my friend and shows a remarkable lack of education on the history of american economics it also displays a large degree of contempt for your fellow americans what you have so patronizingly laid out is the idea that every common man is capable of being coerced into debilitating debt simple unadulterated crap the public largely has no one to blame but themselves who is responsible for the ownership society how about we start with henry ford in the 1920s and the introduction of credit either way it s not the fed s job to dictate to the people how they will or won t hurt themselves self defense in all things begins with the self good grief what are the colleges teaching today anyway joe says august 20th 2010 at 1 37 pm a lot of naive less affluent people but many of them working stiffs nonetheless bought into the ownership society hoopla some overreached and made mistakes but i blame bush and the conservative mantra for creating the climate and the lack of oversight that made it all possible i can only assume that most of the contributors to this website fall into that top 5 category since i have never heard any of you bemoan the policies that have decimated the middle class the engine that helped create all our prosperity and in this mortgage crisis many of these hardworking middle class people got caught up in the storm in addition the middle class has been nickled and dimed from every side thanks again to policies that favor corporations and the rich over regular people the bush tax cuts are but one example joe says august 20th 2010 at 1 39 pm ps canada has much stricter oversight and regulation of the mortgage industry and they have not suffered nearly as badly as we have pintonag says august 20th 2010 at 2 02 pm joe you say ownership like it s a bad thing why the devil do you think i get up five days a week and go to work i have bills that s true enough but i also like to own things most of which no one has ever offered to give me for free and wouldn t this country is an experiment and was meant to be it is an experiment in self government you take responsibility for your actions or you suffer the consequences by definition if you attempt to protect something you must remove its ability to self govern protection is nothing more than a form of control the government must exercise control to a point to help maintain order in society the argument we have always had are having now and will have in the future is this how far can should and must that control go when does maintaining good order become an exercise in negating self government i submit that it has already gone too far jacobite says august 20th 2010 at 2 16 pm did you just cut and paste that trash it sounds like it was lifted whole cloth from some lib talking points website try again joe i was a 30k a year warehousing stiff for over a decade before shipping to iraq lost my job while i was gone because the owner of the company retired and i started a new 30k a year career as a municipal employee after returning home in 2004 i m still in that category i directly benefited from the bush tax cuts and so did most of the middle class folks i know i am going to be directly hurt not only by their demise but also by all the other crap the current admin is trying to push through try and peddle that clap else ware i notice how you conveniently sidestep the fact that the play now pay later mentality began decades and decades before bush nice for the record i m no fan of a lot of his domestic economic policies but that doesn t remove the responsibility for anyone s situation from their own shoulders and replacing crappy policy with crappier policy as obama is attempting is not the way to solve the nation s ills old tanker says august 20th 2010 at 2 36 pm joe the mortgage industry was not deregulated by bush or anyone else it was forced by the government to make bad loans with a wink and a nod that fannie and freddie would have their backs there was a federal regulator screaming from the rooftops about what was happening back in 06 bush attempted to place more regulation on the mortgage industry and democrats said no and ignored the regulator acorn threatened to sue any lender that wasn t making the required amount of bad loans your willful blindness to history is monumental ritchie the riveter says august 20th 2010 at 3 35 pm first note how government revenues and disposable income were increasing in 2003 2006 and that we were headed back towards a balanced budget there s your bush economy even while a war was going on and with the tech bubble in our rear view mirror btw about that time he was advocating changes to tighten up the mortgage market and was pooh poohed by frank dodd et al who still had the fillibuster on their side then note when employment growth flattens around january 2007 could it be that once the dim congress became reality businesses woke up realized their future was to become cash cows social services surrogates scapegoats for their new re er progressive overlords and acted in preparation for that future by scaling back their activity including hiring and expansion could it be that it is that pullback that started our downward slide a pullback triggered by the mere presence of a re er progressive controlled congress keep in mind that it is congress way more than the white house who can have a profound effect upon our economy so the classic question is after four years of dimocrat control of congress are you better off than you were four years ago that not some half baked with half truth ad will determine the outcome of this election ritchie the riveter says august 20th 2010 at 11 50 pm but i blame bush and the conservative mantra for creating the climate and the lack of oversight that made it all possible mr bush was working to restore some of that oversight whose restoration was needed primarily because progressive efforts to make home ownership universal distorted the market to the point that banks could consider it financially viable to fund the irresponsible let me tell you the mantra that really caused the problem all you need to do is show up for work we have experts who have the answers to your housing needs your health care needs your financial needs no need to plan for your future or actively manage your career since we can do a better job than you can just trust us to solve those problems for you this is the implicit message from our government since fdr i call it the biggest lie of all and it has done far more damage than any mantra coming from mr bush or his administration i can only assume that most of the contributors to this website fall into that top 5 category since i have never heard any of you bemoan the policies that have decimated the middle class the engine that helped create all our prosperity problem is the producers in the middle class who create those jobs are either considered rich or increased success on their part would push them into the rich category and therefore become worthy of being milked as cash cows by our government and in my own case when the taxes of the rich guy who employs me and about 200 other people go up my income goes down for he shares a large portion of his profit with us and the more he s taxed the less profit he has your progressive taxation doesn t differentiate between someone productive like him and a parasite like say enron in their heyday it still treats both as cash cows regardless of the value of what each does to our society and in this mortgage crisis many of these hardworking middle class people got caught up in the storm in addition the middle class has been nickled and dimed from every side thanks again to policies that favor corporations and the rich over regular people the bush tax cuts are but one example perhaps if they weren t being taxed so highly at all levels of government and they hadn t been misled into letting the government provide solutions and guarantees for them they would have weathered the storm you re mired in mindless class envy or is it that you believe you must fling anything you ve got to smear conservatives at them in the hopes that it will stick discredit that worldview and pave the way for you to practice your pet vice without risk of having your mellow harshed you wouldn t be the first re er progressive i ve found with that motive once the rhetorical boilerplate was peeled away defendusa says august 21st 2010 at 8 54 am ritchie spot on about joe class envy we bought our first house with our va benefits we were making 29k in 1992 the mortgage was for 95k we had to make sacrifices in order to make that happen 18 years later and having priced out of what the va benefits gave we own a house that may soon be underwater even though we have never misse...
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