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and obama was in congress since 2005. what is your point? are you implying that neither one has been effective? if so, i agree with you.
Obama wasn't President since 2005 was he? Tell me what Bush did to stop the low mortgage rates? What did Bush to to stop or fix the problems of deregulation? His administration actually encouraged Fannie Mae to buy up those poor risk mortgages. His administration did nothing about the shady lending practices of the private sector. Agreed?
He is down to 58% ---- woooooww, big deal. I think that still counts for a majority....Can the haters out there not do math these days??? Sheesh.
As vulnerable as the POTUS may be right now, the republicans cannot even take advantage of it...The party of no stands headless, just the way I like it. Obama chopped that thang off in Nov 08..Need I remind you??!!!
Obama wasn't President since 2005 was he? Tell me what Bush did to stop the low mortgage rates? What did Bush to to stop or fix the problems of deregulation? His administration actually encouraged Fannie Mae to buy up those poor risk mortgages. His administration did nothing about the shady lending practices of the private sector. Agreed?
Look into Barney Frank who killed the bill to stop the bad loans.
Clinton started this mess to begin with.
Get your facts correct.
Obama was an insider at Fannie, Freddie and an attorney for ACORN that caused this mortgage mess.
Barney Frank was the major thorn in the 2005 problems that Bush tried to get him and others to fix the problem that Clinton started.
We don't have a passive Government. We haven't had a passive Government for decades.
How can the Government be $ 12 Trillion in debt and be running deficits of hundreds of Billions (and now Trillions) if it sits back and does nothing? If the Government were passive, how would it be in control of the Auto industry, much of the Banking industry, AIG, almost 50% of Healthcare and other areas where it is not constitutionally authorized to act?
Bush created DHS, passed Medicare part D and added $ 3 Trillion to the public debt over 8 years. He also passed FISA, NCLB and many other measures that were not necessary. Bush was not a conservative or passive President. Obama is a more active President, which is a BAD thing! Had the Fed not lowered interest rates and the Government not pushed bad loans through CRA, Fannie and Freddie, this credit crisis would NOT have happened. Why do the areas with a major Government presence (Healthcare, Education, etc) see large price increases year over year, while areas with little Government involvement (Tech, Electronics, Apparel, etc) often see decreasing prices? Central Government planning has failed everywhere it has been tried and will fail in this country as well. Hopefully, you'll wake up before it's too late!
Your wasting your time with these people. They do not understand at all what you are saying.
What was it that Bush did to 'try to get him and others to fix the problem that Clinton starte? Who were the others? Was Bush the only President without veto power? Why didn't he use it when 'trying to fix the problem'? In the 8 years he was in office what did Bush do to try to fix the problem? Eight years!!! Bush poured fuel on housing fire: NYT : The Swamp
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The president spent years pushing a recalcitrant Congress to toughen regulation of the companies, but was unwilling to compromise when his former Treasury secretary wanted to cut a deal. And the regulator Mr. Bush chose to oversee them -- an old prep school buddy -- pronounced the companies sound even as they headed toward insolvency.
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As early as 2006, top advisers to Mr. Bush dismissed warnings from people inside and outside the White House that housing prices were inflated and that a foreclosure crisis was looming. And when the economy deteriorated, Mr. Bush and his team misdiagnosed the reasons and scope of the downturn; as recently as February, for example, Mr. Bush was still calling it a "rough patch."
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But Mr. Hennessey did say he regretted that the administration did not pay more heed to the dangers of easy lending practices.
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...what we forgot in the process was that it has to be done in the context of people being able to afford their house.
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Then there's Jason Thomas, a young White House statistical wonk who saw a gaping spread between rental and housing costs, with houses heading to the stratosphere in an unsustainable way that suggested a crash. It was another ignored warning.
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But instead of accepting compromise legislation in 2005 that would have improved the oversight of the government-sponsored entities, Bush insisted on the whole loaf. And so the legislation died.
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...when it became apparent even to President Bush and Treasury Secretary Henry Paulson Jr. that there was a housing bust, they had a failure of imagination. They saw the problem as limited to the subprime sector.
State something of worth and perhaps people will listen.
I would but you people are so blinded by the party that you worship that you don't see right from wrong. When I was younger I was the same way. Now I just try to be honest with myself.
Well, there's always Newt, who can't keep a wife, and Mitt, who can't lose the fact that "The Base" ("Al Quaeda" in Arabic) considers him a heathen.
There's always Mark Sanford, who has worked with all his resources to destroy the state of South Carolina and may succeed since he has 18 more months in office. S.C has one of the highest unemployment rates in the country and one of the lowest educational ratings. The republicans have been in charge here for years, even when a Democratic governor got elected. Coincidence? Doubtful.
You realize the South Carolina governors don't have nearly as much power as many other governors right? So when something doesn't get done do the people even know it may be something the governor has no control over?
Doesnt matter if his approval rating is 100% or 50% he will be in the white house till 2016.
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Pres. Obama is the man!!
