Faun
Diamond Member
- Nov 14, 2011
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You have no idea how retarded you are to post that.More con tool nonsense.
Meanwhile, Bush took credit for the housing boom until it went bust.
"Thanks to our policies, home ownership in America is at an all-time high." ~ George Bush, 9.2.2004, RNC acceptance speech
The Great Bush Recession is on him (and Republicans).
And it cost is more than 9.11 by multitudes. Yet you idiotically claimed Obama didn't have to deal with anything near like what Bush did. <smh>
Setting the Record Straight: Six Years of Unheeded Warnings for GSE Reform
The Washington Times Fails To Research The Administration's Efforts To Reform Fannie Mae And Freddie Mac
White House News
Setting the Record Straight
In Focus: Economy
Today, the Washington Times incorrectly accused the White House of ignoring warnings of trouble ahead for government-sponsored enterprises (GSEs) and neglecting to "adopt any reform until this summer," when it was too late. "Neither the White House nor Congress heeded the warnings, Fannie and Freddie retained strong bipartisan support during the 1990s and early part of this decade." (Editorial, "Hear, See And Speak No Evil About Fannie And Freddie," The Washington Times, 10/9/08)
Over the past six years, the President and his Administration have not only warned of the systemic consequences of failure to reform GSEs but also put forward thoughtful plans to reduce the risk that either Fannie Mae or Freddie Mac would encounter such difficulties. In fact, it was Congress that flatly rejected President Bush's call more than five years ago to reform the GSEs. Over the years, the President's repeated attempts to reform the supervision of these entities were thwarted by the legislative maneuvering of those who emphatically denied there were problems with the GSEs.
Read more: Setting the Record Straight: Six Years of Unheeded Warnings for GSE Reform
6 years Bush asked for GSE reform. Let's review, shall we?
2003
Republican-led House -- 0 bills passed
Republican-led Senate -- 0 bills passed
Republican-led Congress -- 0 bills to the president
2004
Republican-led House -- 0 bills passed
Republican-led Senate -- 0 bills passed
Republican-led Congress -- 0 bills to the president
2005
Republican-led House -- 1 bill passed
Republican-led Senate -- 0 bills passed
Republican-led Congress -- 0 bills to the president
2006
Republican-led House -- 0 bills passed
Republican-led Senate -- 0 bills passed
Republican-led Congress -- 0 bills to the president
2007
Democrat-led House -- 2 bills passed
Democrat-led Senate -- 0 bills passed
Democrat-led Congress -- 0 bills to the president
2008
Democrat-led House -- 0 bills passed
Democrat-led Senate -- 1 bill passed
Democrat-led Congress -- 1 bill to the president
Do you see that?
6 years Bush said he waited for a GSE reform bill to land on his desk.
4 of those years, when the housing bubble was bursting, when the GOP ran the Congress, they got zero bills to him.
In 1½ years, the Democrat Congress got him a bill. By then, it was too late.
Friggin' rightards blame Democrats. Do ya see why folks think you idiots are insane?