It's Bush's fault,how come he became richer while thousands of Americans live in poverty?he promoted war in order to spend money,your money, wake up America!!.War is a business don't you see. It is in the bible, Jesus predicted all this mess. I lost it all, remember what Kennedy said "ask not".God help us all. we have the right to protest, do it peacefully."Land does not make a country, the people makes a country". Are you gonna put your heads down and say it's ok?,or are you gonna stand up?
Obama increased our total debt by 30% in 2 years. His $862 Billion Stimulus + $700 Billion Tarp were part of that contributing 31% to this debt. Don't say it was our current trajectory, because he made choices like Libya, solely on his own. He subscribes to Sun Tzu. You might want to read "The Art of War" sometime.
The debt when George W. Bush took office was $5.727 Trillion when he left it was $10.627 Trillion. The total debt that George W accumulated in eight years of office is $4.84 Trillion The debt right now is $14.23 Trillion. In approximately 788 days in office, Obama has accumulated $4.24 Trillion. Using simple algebra you'll find by Nov 24 2011, Obama will have accumulated more debt in three years than George W. did in 8 years.
@ThunderheadNebula you forget that Obama's first budget started October 1 2009.Bush's budget ended September 30 2009. The policies that created the huge deficits and revenue reduction were implemented between 2001 and 2005.
Almost all of the deficit is caused by Bush policies. Plus you throw in the recession that Republican policies help create. You know "let the free market regulate itself"
Wall St. [fraudulently] packaged –‘Shitty Deals’– paid the rating companies [S & P, Moody’s, etc] to falsely represent them as equal to Triple A securities - to Govt. bonds.
Wall St. firms –‘insured’- their shitty deals, subsequently bankrupting AIG.
“Bringing Down Wall Street as Ratings Let Loose Subprime Scourge” & “Goldman’s Half Billion Settlement: Why?”
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Financial institutions were involved in deceptive and complex predatory practices, for short-term profits according the the FBI.
This was a bi-partisan disaster, which you unfortunately have to read 2 newspapers to realize. But it makes logical sense. In the housing boom years, how many people would want to go on record opposing helping more minorities owning homes? Democrats? No. Even few Repubs want to be called a racist.
This is a multiracial democracy. Each race vies for extra resources, and politicians vie for their votes by giving it to them. Immigration to the US needs to stop, or expect it to get worse.
The New York Times reported on this a few weeks ago: "White House Philosophy Stoked Mortgage Bonfire". Read it online. On page 3 you find: "And he pushed to allow first-time buyers to qualify for federally insured mortgages with no money down. Republican Congressional leaders and some housing advocates balked". Also read the Wall Street Journal: "Housing Push for Hispanics Spawns Wave of Foreclosures" about the congressional hispanic caucus (democrats) pushing for easy lending to minorities.
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It's Bush's fault,how come he became richer while thousands of Americans live in poverty?he promoted war in order to spend money,your money, wake up America!!.War is a business don't you see. It is in the bible, Jesus predicted all this mess. I lost it all, remember what Kennedy said "ask not".God help us all. we have the right to protest, do it peacefully."Land does not make a country, the people makes a country". Are you gonna put your heads down and say it's ok?,or are you gonna stand up?
tigertj1994 1 month ago
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IT was Bush's dream to see those on welfare get off their assess, get a good job and buy a home they could afford.
CaribbeanLatino 6 months ago
@GoldenArroWill
Obama increased our total debt by 30% in 2 years. His $862 Billion Stimulus + $700 Billion Tarp were part of that contributing 31% to this debt. Don't say it was our current trajectory, because he made choices like Libya, solely on his own. He subscribes to Sun Tzu. You might want to read "The Art of War" sometime.
ThunderheadNebula 8 months ago
Barney Frank came into power in 2007, well after the financial crisis caused by Wall Street was started. DUH!
lisabob22 10 months ago
The debt when George W. Bush took office was $5.727 Trillion when he left it was $10.627 Trillion. The total debt that George W accumulated in eight years of office is $4.84 Trillion The debt right now is $14.23 Trillion. In approximately 788 days in office, Obama has accumulated $4.24 Trillion. Using simple algebra you'll find by Nov 24 2011, Obama will have accumulated more debt in three years than George W. did in 8 years.
Allen West 2012
ThunderheadNebula 11 months ago
@ThunderheadNebula you forget that Obama's first budget started October 1 2009.Bush's budget ended September 30 2009. The policies that created the huge deficits and revenue reduction were implemented between 2001 and 2005.
Almost all of the deficit is caused by Bush policies. Plus you throw in the recession that Republican policies help create. You know "let the free market regulate itself"
lisabob22 10 months ago
yeah really, barney frank is a real winner for our country.
tennes2465 1 year ago
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FNM FRE GNM, subprime, Alt-A – [destruction of 10 T$+ by Banks, Wall ST., etc]
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75% of loans -'were fraudulent'- from the Banks and lenders ! 10’s of thousands of lenders have already been litigated ! "FBI+Subprime+fraud"
Told people they could buy homes for the same amount of money they were spending on rent !
Clinton on warning from HUD and blocked –‘predatory loans’- in 2000, Bush reverse it in 2004! “How HUD Mortgage Policy Fed The Crisis”
cont
hackit12 1 year ago 6
…
2002 Bush promoted home ownership – even for people with bad credit … “"Just as nice a home as anybody else …."
Bush 2004 Campaign ”Ownership Society Program’, Repub. Congress funded it [-‘gave’- down-payments and closing costs 700 B$ taxpayer funded] – “American Dream Down payment Assistance Act 2003-2008]; Ignored multiple HUD warnings.
“Fact Sheet: America's Ownership Society: Expanding Opportunities” & “New Agency Proposed to Oversee Freddie Mac and Fannie Mae”
Cont
hackit12 1 year ago 4
Wall St. [fraudulently] packaged –‘Shitty Deals’– paid the rating companies [S & P, Moody’s, etc] to falsely represent them as equal to Triple A securities - to Govt. bonds.
Wall St. firms –‘insured’- their shitty deals, subsequently bankrupting AIG.
“Bringing Down Wall Street as Ratings Let Loose Subprime Scourge” & “Goldman’s Half Billion Settlement: Why?”
-
Financial institutions were involved in deceptive and complex predatory practices, for short-term profits according the the FBI.
hackit12 1 year ago 2
I'm flagging u
bushisawsome 1 year ago
We need more European analysis and advice. They've done a fabulous job. If by fabulous I mean... shitty.
demslibssuck 2 years ago
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This was a bi-partisan disaster, which you unfortunately have to read 2 newspapers to realize. But it makes logical sense. In the housing boom years, how many people would want to go on record opposing helping more minorities owning homes? Democrats? No. Even few Repubs want to be called a racist.
This is a multiracial democracy. Each race vies for extra resources, and politicians vie for their votes by giving it to them. Immigration to the US needs to stop, or expect it to get worse.
CambrianExplosion2 3 years ago
The New York Times reported on this a few weeks ago: "White House Philosophy Stoked Mortgage Bonfire". Read it online. On page 3 you find: "And he pushed to allow first-time buyers to qualify for federally insured mortgages with no money down. Republican Congressional leaders and some housing advocates balked". Also read the Wall Street Journal: "Housing Push for Hispanics Spawns Wave of Foreclosures" about the congressional hispanic caucus (democrats) pushing for easy lending to minorities.
CambrianExplosion2 3 years ago