Ernie S.
Diamond Member
- Nov 14, 2010
- 34,710
- 9,211
Wrong again.CRA had nothing to do with Bush's housing crash, and Frank was a POWERLESS minority congressman when the GOP majority blocked all reform bills in committee except one which the GOP controlled Senate refused to bring up for a vote. Bush and the GOP own the housing crash, lock, stock and barrel.The CRA that started the meltdown was Carter's pet project. bill clinton expanded it and Democrats, most notably Barney Franks, dismissed warnings. Yes I blame it on Carter and clinton. THEIR legislation blew up the economy and Democrats were in control of Congress when the defecation was about to hit the whirling blades.More strange is the fact that Bush is not responsible for anything bad that happened while he was president, 9/11, the housing crash, etc., let alone the after effects one day after he left office, but Carter is responsible 25 years after he left office and Clinton 10 years after he left office for everything bad that happened during Bush's fiasco!!!!!!!It's rather strange that you fault Bush when it was Jimmy Carter's CRA, clinton's additions to it, and a Democrat controlled Congress that dismissed GOP warnings that the housing market was about to collapse that caused the recession.
BTW, it was the GOP controlled congress that blocked and dismissed all legislation related to the GOP's "warnings." Once the Dems took control they passed reform legislation.
Nothing strange about it at all except the fact that Democrats continually create catastrophes that they use against the adults across the aisle.
Actually your video proves me right, in spite of FAUX News' attempts to lie by telling just enough truth to deceive and then shutting up.
If you pay attention they quote Frank in 2003 speaking against regulation, and then FOX said "the legislation was blocked." But FOX of course left outv that it was the GOP controlled the House and the committee that reviewed the legislation and blocked it, Frank was a powerless minority member at the time, and FOX's Britt Hume then tried to make it seem like the powerless at the time Frank blocked the bill in 2003 by pointing out that Frank was now, in 2008, the time of the FAUX report, the committee chairman.
Also near the end of your clip Hume also confirms that the ONLY House bill that was not blocked by the GOP majority in committee was blocked by the GOP majority leader in the Senate Bill Frist by not ever bringing it up for a vote, but Hume tried to blame powerless minority senator Obama by saying he made no comment on the bill.
So thank you for posting a video that proves what I highlighted in my post!!!!!
That's some funny shit right there.