rightwinger
Award Winning USMB Paid Messageboard Poster
- Aug 4, 2009
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And?Who controlled both houses when the collapse happened?The greatest economic collapse in 75 years and Bush just let it happen?Bush warned about what was fixing to happen. Frank Dodd told him he didn't know what he was talking about.
Bush "warned"??
Why didn't he do something?
Which legislation caused the Great Bush Recession of 2008?
"Which legislation caused the Great Bush Recession of 2008?"
Glad you asked.
1. Democrat FDR shredded the Constitution....ignoring article I, section 8, the enumerated powers.
He created GSE's Fannie, and his drones followed with Freddie, to do something the Constitution didn't authorize: meddle in housing.
2. Democrat Carter....the CRA, constraining banking policy
3. Democrat Clinton....strengthened the CRA
Under Clinton, HUD threatened banks, again, to give unrequited loans.
Henchmen: Democrats Cisneros and Cuomo.
4. Democrats Frank and Dodd barred any governmental discipline in this area.
That's the CliffNotes version.
When challenged beyond your limited capabilities scream.......
FDR