2aguy
Diamond Member
- Jul 19, 2014
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The republicans had control of the House and Senate from 1995 to 2006. Take a look at what the economy did during that time. That included when liberal heroes destroyed America and the financial district of the world in NY on 911. Yes, they cheered as ALL of those "little Eichmans" were killed, didn't they? Yeah, they sure did.
Anyway, the unemployment rate had dropped to 4.6 percent, and the economy was finally really recovering following that devastating attack that the liberals cheered over.
However, the main stream beloved media convinced America things were horrible. Things were actually going quite well. The Dow Jones had climbed to over 14,000 (highest it had ever been.) As a result of main stream propaganda, Pelosi and democrats took over the HOUSE AND SENATE in 2007.
What did the economy do while the democrats controlled the purse strings and it rather obvious that the democrats would win the White House in 2008? What did the economy do from 2007 to 2010?
WHAT!?!?!?!!?!
If you think the democrat congress would not gladly sabotage the ECONOMY and this COUNTRY in order to ensure Trump is a faliure, then you are nuts. Why is it you suppose the democrats ignored ALL 18 warnings in 2008 about the bubble?
2007
July: Two Bear Stearns hedge funds invested in mortgage securities collapse.
August: President Bush emphatically calls on Congress to pass a reform package for Fannie Mae and Freddie Mac, saying "first things first when it comes to those two institutions. Congress needs to get them reformed, get them streamlined, get them focused, and then I will consider other options." (President George W. Bush, Press Conference, The White House, 8/9/07)
September: RealtyTrac announces foreclosure filings up 243,000 in August – up 115 percent from the year before.
September: Single-family existing home sales decreases 7.5 percent from the previous month – the lowest level in nine years. Median sale price of existing homes fell six percent from the year before.
December: President Bush again warns Congress of the need to pass legislation reforming GSEs, saying "These institutions provide liquidity in the mortgage market that benefits millions of homeowners, and it is vital they operate safely and operate soundly. So I've called on Congress to pass legislation that strengthens independent regulation of the GSEs – and ensures they focus on their important housing mission. The GSE reform bill passed by the House earlier this year is a good start. But the Senate has not acted. And the United States Senate needs to pass this legislation soon." (President George W. Bush, Discusses Housing, The White House, 12/6/07)
2008
January: Bank of America announces it will buy Countrywide.
January: Citigroup announces mortgage portfolio lost $18.1 billion in value.
February: Assistant Secretary David Nason reiterates the urgency of reforms, says "A new regulatory structure for the housing GSEs is essential if these entities are to continue to perform their public mission successfully." (David Nason, Testimony On Reforming GSE Regulation, Senate Committee On Banking, Housing And Urban Affairs, 2/7/08)
March: Bear Stearns announces it will sell itself to JPMorgan Chase.
March: President Bush calls on Congress to take action and "move forward with reforms on Fannie Mae and Freddie Mac. They need to continue to modernize the FHA, as well as allow State housing agencies to issue tax-free bonds to homeowners to refinance their mortgages." (President George W. Bush, Remarks To The Economic Club Of New York, New York, NY, 3/14/08)
April: President Bush urges Congress to pass the much needed legislation and "modernize Fannie Mae and Freddie Mac. [There are] constructive things Congress can do that will encourage the housing market to correct quickly by … helping people stay in their homes." (President George W. Bush, Meeting With Cabinet, the White House, 4/14/08)
May: President Bush issues several pleas to Congress to pass legislation reforming Fannie Mae and Freddie Mac before the situation deteriorates further.
June: As foreclosure rates continued to rise in the first quarter, the President once again asks Congress to take the necessary measures to address this challenge, saying "we need to pass legislation to reform Fannie Mae and Freddie Mac." (President George W. Bush, Remarks At Swearing In Ceremony For Secretary Of Housing And Urban Development, Washington, D.C., 6/6/08)
- "Americans are concerned about making their mortgage payments and keeping their homes. Yet Congress has failed to pass legislation I have repeatedly requested to modernize the Federal Housing Administration that will help more families stay in their homes, reform Fannie Mae and Freddie Mac to ensure they focus on their housing mission, and allow State housing agencies to issue tax-free bonds to refinance sub-prime loans." (President George W. Bush, Radio Address, 5/3/08)
- "[T]he government ought to be helping creditworthy people stay in their homes. And one way we can do that – and Congress is making progress on this – is the reform of Fannie Mae and Freddie Mac. That reform will come with a strong, independent regulator." (President George W. Bush, Meeting With The Secretary Of The Treasury, the White House, 5/19/08)
- "Congress needs to pass legislation to modernize the Federal Housing Administration, reform Fannie Mae and Freddie Mac to ensure they focus on their housing mission, and allow State housing agencies to issue tax-free bonds to refinance subprime loans." (President George W. Bush, Radio Address, 5/31/08)
July: Congress heeds the President's call for action and passes reform of Fannie Mae and Freddie Mac as it becomes clear that the institutions are failing.
Just the Facts: The Administration's Unheeded Warnings About the Systemic Risk Posed by the GSEs
This midterm is so important to the world globalists. Trust this. If the democrats (american hating losers) win, the economy will tank.
As it is, to this day the world believes the housing bubble and recession of 2008 was the fault of republican policies. Yet, it they never acknowledge who signed the Commodity Futures Modernization Act which exempted default swaps from regulation.
They also do not know or care who rewrote the Community Reinvestment Act which put real pressure on our banks to lend to low income housing in low income neighborhoods. Nor, do they care who headed up Fannie and Freddie.
All they know, with the help of our beloved media is Bush was president. They were aiming at a SUPER MAJORITY.
WHAT HAPPENED TO THE ECONOMY FROM 2007 TO 2010?
2-3 Supreme Court Justices and all the replacement judges on the lower courts of appeals....those positions are at stake.......
Remember in November, any vote for a democrat is a vote to end the 2nd Amendment...
Remember in November, any vote for a democrat is a vote to end the 2nd Amendment...
No it's not , quit the hyper bowl..
Their is still some fine JFK democrats around
Sorry, you are wrong. If you have the democrats in control of the Senate, even if they pretend to be pro 2nd Amendment, they will block Trump's nominees, and when we have a democrat President, they will vote to appoint anti gunners.....again, even if they pretend to be pro 2nd Amendment....