Pelosi Blames Bush for $9T Debt Added Under Obama

[Redfish]

Uh, I blame barney fat idiot frank and his fellow democraptic cohorts for pushing mortgages/home ownership onto minorities who had no business getting them.

Barney Frank was a POWERLESS minority congressman, and it was Bush's ADDI that gave mortgages to buyers with bad credit for more than the property was worth, part of his push to get 5.5 million new minority homeowners.

Record of Achievement - Expanding Home Ownership

• The President set a goal to increase the number of minority homeowners by 5.5 million families by the end of the decade. Through his homeownership challenge, the President called on the private sector to help in this effort. More than two dozen companies and organizations have made commitments to increase minority homeownership - including pledges to provide more than $1.1 trillion in mortgage purchases for minority homebuyers this decade.
• President Bush signed the $200 million-per-year American Dream Downpayment Act which will help approximately 40,000 families each year with their downpayment and closing costs.
• The Administration proposed the Zero-Downpayment Initiative to allow the Federal Housing Administration to insure mortgages for first-time homebuyers without a downpayment. Projections indicate this could generate over 150,000 new homeowners in the first year alone.

Dufus thinks Barney Frank held no power.

He didn't! He was a MINORITY congressman, where there is no filibuster so MAJORITY rules and the minority is powerless.

Dodd/Frank is the name of the bill, doofus. those two dems authored it.

Dodd/Frank was passed in 2010 AFTER the 2007 Bush housing crash, so you can't blame the Bush housing crash on Dodd/Frank because time does not run backwards except fro Trumpists.

the stupid idea that everyone deserves a mortgage even if they have no way to make the payments is why we had the 08 mortgage crash. It was stupid liberal policy put in place by idiots in both parties.

the kind of stupidity stops this Friday.

 

[edthecynic]

Dodd/Frank was passed in 2010 AFTER the 2007 Bush housing crash, so you can't blame the Bush housing crash on Dodd/Frank because time does not run backwards except fro Trumpists.

Dodd/Frank was one of those liberal programs that, once they go t!ts up and result in disaster, liberals demand to be judge based on 'intent' rather than 'result'.

Hogwash!

 

[edthecynic]

Barney Frank was a POWERLESS minority congressman, and it was Bush's ADDI that gave mortgages to buyers with bad credit for more than the property was worth, part of his push to get 5.5 million new minority homeowners.

Record of Achievement - Expanding Home Ownership

• The President set a goal to increase the number of minority homeowners by 5.5 million families by the end of the decade. Through his homeownership challenge, the President called on the private sector to help in this effort. More than two dozen companies and organizations have made commitments to increase minority homeownership - including pledges to provide more than $1.1 trillion in mortgage purchases for minority homebuyers this decade.
• President Bush signed the $200 million-per-year American Dream Downpayment Act which will help approximately 40,000 families each year with their downpayment and closing costs.
• The Administration proposed the Zero-Downpayment Initiative to allow the Federal Housing Administration to insure mortgages for first-time homebuyers without a downpayment. Projections indicate this could generate over 150,000 new homeowners in the first year alone.

Dufus thinks Barney Frank held no power.

He didn't! He was a MINORITY congressman, where there is no filibuster so MAJORITY rules and the minority is powerless.

Dodd/Frank is the name of the bill, doofus. those two dems authored it.

Dodd/Frank was passed in 2010 AFTER the 2007 Bush housing crash, so you can't blame the Bush housing crash on Dodd/Frank because time does not run backwards except fro Trumpists.

the stupid idea that everyone deserves a mortgage even if they have no way to make the payments is why we had the 08 mortgage crash. It was stupid liberal policy put in place by idiots in both parties.
the kind of stupidity stops this Friday.

Read this again, Bush owns that policy 100% and Friday stupidity goes into high gear.

Record of Achievement - Expanding Home Ownership

• The President set a goal to increase the number of minority homeowners by 5.5 million families by the end of the decade. Through his homeownership challenge, the President called on the private sector to help in this effort. More than two dozen companies and organizations have made commitments to increase minority homeownership - including pledges to provide more than $1.1 trillion in mortgage purchases for minority homebuyers this decade.
• President Bush signed the $200 million-per-year American Dream Downpayment Act which will help approximately 40,000 families each year with their downpayment and closing costs.
• The Administration proposed the Zero-Downpayment Initiative to allow the Federal Housing Administration to insure mortgages for first-time homebuyers without a downpayment. Projections indicate this could generate over 150,000 new homeowners in the first year alone.

 

[SmokeALib]

Dodd/Frank was passed in 2010 AFTER the 2007 Bush housing crash, so you can't blame the Bush housing crash on Dodd/Frank because time does not run backwards except fro Trumpists.

Dodd/Frank was one of those liberal programs that, once they go t!ts up and result in disaster, liberals demand to be judge based on 'intent' rather than 'result'.

Hogwash!

Hillary in the shower?

 

[easyt65]

Like I said, ed, your philosophy regarding anything negative is:

"What is Bush's is Bush's...and what is Obama's / Liberals' is Bush's!"

 

[Redfish]

Dufus thinks Barney Frank held no power.

He didn't! He was a MINORITY congressman, where there is no filibuster so MAJORITY rules and the minority is powerless.

Dodd/Frank is the name of the bill, doofus. those two dems authored it.

Dodd/Frank was passed in 2010 AFTER the 2007 Bush housing crash, so you can't blame the Bush housing crash on Dodd/Frank because time does not run backwards except fro Trumpists.

the stupid idea that everyone deserves a mortgage even if they have no way to make the payments is why we had the 08 mortgage crash. It was stupid liberal policy put in place by idiots in both parties.
the kind of stupidity stops this Friday.

Read this again, Bush owns that policy 100% and Friday stupidity goes into high gear.

Record of Achievement - Expanding Home Ownership

• The President set a goal to increase the number of minority homeowners by 5.5 million families by the end of the decade. Through his homeownership challenge, the President called on the private sector to help in this effort. More than two dozen companies and organizations have made commitments to increase minority homeownership - including pledges to provide more than $1.1 trillion in mortgage purchases for minority homebuyers this decade.
• President Bush signed the $200 million-per-year American Dream Downpayment Act which will help approximately 40,000 families each year with their downpayment and closing costs.
• The Administration proposed the Zero-Downpayment Initiative to allow the Federal Housing Administration to insure mortgages for first-time homebuyers without a downpayment. Projections indicate this could generate over 150,000 new homeowners in the first year alone.

did congress pass the bill? Presidents do not pass bills, congress does. Both parties supported that stupid policy, Bush signed it. They all are to blame.

why the fuck cant you understand that they are all liable? your partisanship is all that matters to you, said another way, you are a fuckin moron.

 

[rhodescholar]

Barney Frank was a POWERLESS minority congressman,

STOP. RIGHT. THERE.

Frank was the Financial Services Committee CHAIRMAN:

Hey, Barney Frank: The Government Did Cause the Housing Crisis

"For most of his career, Barney Frank was the principal advocate in Congress for using the government's authority to force lower underwriting standards in the business of housing finance. Although he claims to have tried to reverse course as early as 2003, that was the year he made the oft-quoted remark, "I want to roll the dice a little bit more in this situation toward subsidized housing." Rather than reversing course, he was pressing on when others were beginning to have doubts."

And the Atlantic is not known for its conservative views, niether is the Boston Globe:

Frank's fingerprints are all over the financial fiasco - The Boston Globe

Barney Frank’s Corruption Scandals Caught Up To Him - Judicial Watch

Frank and the dems are responsible for the mortgage bubble, period.[/QUOTE]

 

[hazlnut]

THE MOST POWERFUL MAN IN AMERICAN HISTORY, MAYBE THE WORLD:

Pelosi blames Bush for $9 trillion in debt added under Obama.

Is there anything he can’t do?

She's overstating it, but when you add up lost revenue because of his unfunded Tax cuts (Bush Tax Cuts).

And when you add up the interest on money spent and borrowed to pay for the unfunded wars and failed rebuilding of Iraq…

And of course there's the unfunded medicare part D…

Obama lowered spending and yearly deficits -- that's the FACT.

But the interest on debt is 6% of the federal budget…

You can't blame Obama because GOPs won't raise taxes and nobody will touch entitlements.

 

[edthecynic]

Barney Frank was a POWERLESS minority congressman,

STOP. RIGHT. THERE.

Frank was the Financial Services Committee CHAIRMAN:

Hey, Barney Frank: The Government Did Cause the Housing Crisis

"For most of his career, Barney Frank was the principal advocate in Congress for using the government's authority to force lower underwriting standards in the business of housing finance. Although he claims to have tried to reverse course as early as 2003, that was the year he made the oft-quoted remark, "I want to roll the dice a little bit more in this situation toward subsidized housing." Rather than reversing course, he was pressing on when others were beginning to have doubts."

And the Atlantic is not known for its conservative views, niether is the Boston Globe:

Frank's fingerprints are all over the financial fiasco - The Boston Globe

Barney Frank’s Corruption Scandals Caught Up To Him - Judicial Watch

Frank and the dems are responsible for the mortgage bubble, period.

Not so fast there Slick!
Jim Leach (R) was chairman from 1995 to 2001, followed by Mike Oxley (R) 2001 to 2007.
Bush and the GOP own the Bush Housing Crash.