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Have you checked the price of gas or food? The lowest labor participation rate in history. The highest number of people on welfare in history. Dow is up because worthless money is being printed.
Yeah good job.
Of course he did! It was the direct result of 8 years of neglecting his responsibility for government oversight.
It was an indictment of free market, anything goes Capitalism run wild. Regulations were eliminated, the SEC was de-clawed - not that Christopher Cox was minding the store anyway.
Spending is what people had to do in a stagflation environment created by Bush. Savers got punished & borrowers got rewarded by the devalued dollars. Lower wages & job losses forced even more to live on borrowed money.Of course he did! It was the direct result of 8 years of neglecting his responsibility for government oversight.
It was an indictment of free market, anything goes Capitalism run wild. Regulations were eliminated, the SEC was de-clawed - not that Christopher Cox was minding the store anyway.
The issue has and still is decisions made by Congress and the President since the the last depression. Our country lived on bubbles and in 2008 they all popped. The issue was over spending and no saving of money, by individuals, family, business and government. We were way over extended and it all started not by one party but by both. No one in government could make the tough decisions, nor did they want to.
When you can borrow 125% of your homes value! when people started consolidating loans on cars and credit cards and so on, they didn't stop buying! they acted as if money was endless. Companies ran with the money and expanded way beyond what they could afford. Government they spent like the money was free. You can't do that without a problem coming up, all the fix would do would extend and worsen the problem.
Spending is what people had to do in a stagflation environment created by Bush. Savers got punished & borrowers got rewarded by the devalued dollars. Lower wages & job losses forced even more to live on borrowed money.
Now with Obama we have rising dollar, jobs, wages, savers & fewer borrowers. Obama crushed Bush's Stagflation.
Stagflation Rate
Of course Obama is much better than that autistic retard Bush!If you're comparing him to an autistic retard, then yes, it's been a job well done.
Maybe you should learn something about Adoph Dubs.geezus calm down.....im just responding to everyone saying how some group that hates us was created while this guy or that guy was President.....maybe you should learn something about how to read a post.....seems like every President is famous for creating someone who doesnt like us....No, carter allowed our ambassador to Afghanistan to be killed with no response leading to the eventual formation of the Taliban as well as the birth of Al Quieda.
Seems? I guess you have a Comprehension Problem, Carter's Ambassador to Afghanistan got kidnapped and murdered. That is far different than simply not being liked, but all is fair in politics, even if it involves the death of men serving our country, at least that is what I see when it comes to Harry Dresden.
Harry Dresden, you are a shameful mouse, callous, yea, everybody should join Harry Dresden and the democrats and shrug off all deaths of Americans serving our Country. Shameful you are.
Now off the top of your head, tell us what Carter's response was?
The last two Ambassadors Murdered while serving the President overseas where murdered under the Democrats, Carter and now Obama.
Adolph Dubs
- Adolph "Spike" Dubs was the United States Ambassador to Afghanistan from May 13, 1978 until his death in 1979. He was killed in an exchange of gunfire after a kidnapping attempt. Wikipedia
He hasnt utterly failed. He still has 2 years to utter failure. Lots can and will go wrong between now and then. He will bomb some ISIS center and the next day reports will be that he bombed a kindergarten instead. Obama will then suspend bombing entirely and turn the matter to the UN, causing general hilarity.Obama s ship is sinking New York Post
obama has utterly failed and everyone knows it. Even the ones who won't admit it.
Obama took over such a massive, flaming pile of shit that we'll never really know what he would have accomplished in more normal circumstances.
The Lefties will bemoan the fact that the pile of shit he inherited stopped him from "fundamentally transforming" America into the authoritarian Euro-social democracy they so crave, the Righties will be thankful for the same thing.
Either way, we'll never know.
.
Incorrect.
The Financial Crisis Facing the Facts - The Atlasphere
So you're saying Obama didn't take over a flaming pile of shit?
.
I'm saying W doesn't deserve the criticisms for making the melt down happen.
Of course, if he had resorted to Obama's patented techniques of extra-legal presidential overstepping of authority maybe Bushy could have just changed the laws himself to reign in Dodd, Frank and Raines and prevent the country from suffering this economic mess!
Hell, after all, Obama isn't the only POTUS with a telephone and a pen!
But one of the things I AM saying is that Obama actually had a hand in CAUSING the economic meltdown even though he was not yet POTUS...or even a Senator!
Another thing I'm saying is that the only thing Obama succeeded in doing is prolonging the crisis.
Just because your cab driver got you lost on the way to your destination, making you 20 minutes late for your appointment.
However, he eventually got you there safely.
And for that you are grateful.
But does the cab driver deserve praise?
No.
He got you lost and made you late for your appointment and on top of all that he wants a tip!
You pay him the meter but no tip!
And after you complain to the cab company they send you a taxi company customer relations ballot to praise your driver or complain about his service.
Just because he eventually got you there (better late than never) does not mean he deserves any special recognition.
Obama's recession lasted longer than any other recession in American history and if he'd done NOTHING AT ALL we'd have fared better, sooner than we did under his (dismal) leadership.
Finally, check out our hero here.
Now, someone please try and tell us how Obama had NOTHING to do with causing the economic crisis!
And if you want some more reasons to doubt the true state of the US economy is as great as some want you to believe, try this:
Obama s Economy
Second, in your video:
"ACORN forced banks to issue risky home loans"
Really? How did they 'force' banks to do that, exactly?
While you're at it, please describe what is wrong or bad about ACORN in the first place? That video makes them sound like al Qaeda.
Bush was more qualified and better than the idiot in office now.Against people saying un-American things regarding Bush? You betcha!Anybody who says they would spit on the President Of The United States is not a real American.That's because you aren't a real American.Bull shit. I'd sooner spit on him than shake his hand. I wouldn't shake his hand for 2million dollars.
Anybody that doesn't agree with you isn't a real American..................LOL
Liberal to the core..........Have your self a bowl full of who gives a rats ass what you think................
Not that it makes a difference, but were you defending Bush just as nobly as you do Obama when during the years 2001-2009 W was being assailed by legions of rabid Progs in blogs??
You can still respect the office even if you don't respect the policies. I think Bush was way under-qualified and way over his head, but I would never think of doing anything except shake his hand if I had the chance to meet him.
But I'm a real American, so . . .
The housing fiasco started under carter with the formation of fanny and freddie, then clinton signed law forcing banks to loan money to unqualified consumers.Hey @Mojo2 :
After the fact:
Bush drive for home ownership fueled housing bubble
It Was Bush Who Pushed Minority Home Buying Not Clinton
http://www.newsweek.com/so-much-bushs-ownership-society-92163
Before the fact:
Bush to push ownership society - Sep. 2 2004
USATODAY.com - Bush ties his economic policies to home ownership
Bush pushes home ownership opportunities for minorities - The Boston Globe
From the first link:
"We can put light where there's darkness, and hope where there's despondency in this country. And part of it is working together as a nation to encourage folks to own their own home."
- President George W. Bush, Oct. 15, 2002
Eight years after arriving in Washington vowing to spread the dream of home ownership, Bush is leaving office, as he himself said recently, "faced with the prospect of a global meltdown" with roots in the housing sector he so ardently championed.
There are plenty of culprits, like lenders who peddled easy credit, consumers who took on mortgages they could not afford and Wall Street chieftains who loaded up on mortgage-backed securities without regard to the risk.
But the story of how the United States got here is partly one of Bush's own making, according to a review of his tenure that included interviews with dozens of current and former administration officials.
From his earliest days in office, Bush paired his belief that Americans do best when they own their own homes with his conviction that markets do best when left alone. Bush pushed hard to expand home ownership, especially among minority groups, an initiative that dovetailed with both his ambition to expand Republican appeal and the business interests of some of his biggest donors. But his housing policies and hands-off approach to regulation encouraged lax lending standards.
Bush did foresee the danger posed by Fannie Mae and Freddie Mac, the government-sponsored mortgage finance giants. The president spent years pushing a recalcitrant Congress to toughen regulation of the companies, but was unwilling to compromise when his former Treasury secretary wanted to cut a deal. And the regulator Bush chose to oversee them - an old school buddy - pronounced the companies sound even as they headed toward insolvency.
As early as 2006, top advisers to Bush dismissed warnings from people inside and outside the White House that housing prices were inflated and that a foreclosure crisis was looming. And when the economy deteriorated, Bush and his team misdiagnosed the reasons and scope of the downturn. As recently as February, for example, Bush was still calling it a "rough patch."
The result was a series of piecemeal policy prescriptions that lagged behind the escalating crisis.
"There is no question we did not recognize the severity of the problems," said Al Hubbard, Bush's former chief economic adviser, who left the White House in December 2007. "Had we, we would have attacked them."
Hey @Mojo2 :
After the fact:
Bush drive for home ownership fueled housing bubble
It Was Bush Who Pushed Minority Home Buying Not Clinton
http://www.newsweek.com/so-much-bushs-ownership-society-92163
Before the fact:
Bush to push ownership society - Sep. 2 2004
USATODAY.com - Bush ties his economic policies to home ownership
Bush pushes home ownership opportunities for minorities - The Boston Globe
From the first link:
"We can put light where there's darkness, and hope where there's despondency in this country. And part of it is working together as a nation to encourage folks to own their own home."
- President George W. Bush, Oct. 15, 2002
Eight years after arriving in Washington vowing to spread the dream of home ownership, Bush is leaving office, as he himself said recently, "faced with the prospect of a global meltdown" with roots in the housing sector he so ardently championed.
There are plenty of culprits, like lenders who peddled easy credit, consumers who took on mortgages they could not afford and Wall Street chieftains who loaded up on mortgage-backed securities without regard to the risk.
But the story of how the United States got here is partly one of Bush's own making, according to a review of his tenure that included interviews with dozens of current and former administration officials.
From his earliest days in office, Bush paired his belief that Americans do best when they own their own homes with his conviction that markets do best when left alone. Bush pushed hard to expand home ownership, especially among minority groups, an initiative that dovetailed with both his ambition to expand Republican appeal and the business interests of some of his biggest donors. But his housing policies and hands-off approach to regulation encouraged lax lending standards.
Bush did foresee the danger posed by Fannie Mae and Freddie Mac, the government-sponsored mortgage finance giants. The president spent years pushing a recalcitrant Congress to toughen regulation of the companies, but was unwilling to compromise when his former Treasury secretary wanted to cut a deal. And the regulator Bush chose to oversee them - an old school buddy - pronounced the companies sound even as they headed toward insolvency.
As early as 2006, top advisers to Bush dismissed warnings from people inside and outside the White House that housing prices were inflated and that a foreclosure crisis was looming. And when the economy deteriorated, Bush and his team misdiagnosed the reasons and scope of the downturn. As recently as February, for example, Bush was still calling it a "rough patch."
The result was a series of piecemeal policy prescriptions that lagged behind the escalating crisis.
"There is no question we did not recognize the severity of the problems," said Al Hubbard, Bush's former chief economic adviser, who left the White House in December 2007. "Had we, we would have attacked them."
Second, in your video:
"ACORN forced banks to issue risky home loans"
Really? How did they 'force' banks to do that, exactly?
While you're at it, please describe what is wrong or bad about ACORN in the first place? That video makes them sound like al Qaeda.
ACORN sued banks in court, to lower lending standards. There are lawsuit documents online, that show this, and have B. Obama listed for the prosecution.
Worst attack ever on American soil, plus the worst financial crash since the Great Depression.Bush was more qualified and better than the idiot in office now.
The housing fiasco started under carter with the formation of fanny and freddie, then clinton signed law forcing banks to loan money to unqualified consumers.
Looking in the mirror when you thought that one up?The housing fiasco started under carter with the formation of fanny and freddie, then clinton signed law forcing banks to loan money to unqualified consumers.
You're an ignorant fucking idiot.
