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What is President Bush Responsible for?
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<blockquote data-quote="The Other Side" data-source="post: 870155" data-attributes="member: 17969"><p>Island, I speak to political victims all day on my route. I hear the same baloney that you, moreluck, brett, trip and the others sell on this board everyday. In each case, I have been able to have a reasonable conversation (minus a couple of rush victims) and demonstrate the same facts as I post on this board, yet on you all, you are so dug in on baloney, we cant have an understanding.</p><p></p><p>First of all, I dont have to look in the mirror, All you have to do is listen to BUSH himself, from his own mouth, from his own policies, from his own party. You throw in 60 years of political interference as if this is an excuse that wipes the responsibility away from BUSH. You are so determined to give BUSH a pass on the worst economic record in a 100 years but the rest of the country isnt in that same boat.</p><p></p><p>Was it Kennedy who said "downpayments are barrier to home ownership" Was it Johnson who said "the goverment should give 40K to low income minority first time buyers?" Was it Carter who said "income verification is a barrier to low income newly arrived immigrants?", Was it Clinton who said "im instructing the mortgage industry to create new financial instruments to help first time buyers", Was it Clinton that ordered the building of 6.5 million new homes between 2002 and 2010?" Was it Carter who said "he wanted 1 million low income black homeowners by the end of 2010?" Was it Carter who said "he wanted 1 million low income hispanic homeowners by the end of 2010?"</p><p></p><p>The answer to these questions are NO. BUSH and only BUSH made all of these statements in july 2002 when he introduced the home ownership society, and the downpayment assistance act. Both of these were BUSH'S programs and with the help of the republican controlled congress allowed the mortage industry, the realty industry and the banks to create time bombs that eventually blew up in americas face.</p><p></p><p>You say BUSH's only failure was to stop a runaway train? Well my friend, he was at the wheel of the train. There was no stopping that eventual trainwreck. You want to blame the democrats for being in office when the home bubble burst as if they were responsible ?</p><p></p><p>Get serious. The homes that are foreclosing are not homes sold in the 60's, 70's , 80's or 90's. These were all homes sold after 2002 and mortaged for 5,10 or 15 years interest only. In addition, the BUSH administration ENCOURAGED people to buy multiple homes or take out credit lines against their homes indebting them for amounts they eventually would never be able to repay.</p><p></p><p>For a while, everyone was living high on the hog, mortaging their futures away. For those with older homes, the values falsely increased and those took out loans against them and now that the property values have returned to the original values back in the 70's, they are losing those too.</p><p></p><p>BUSH takes all the blame for this crisis, and no level of political rhetoric can take away that responsibility.</p><p></p><p>If you want anyone to look in a mirror, I suggest you take a short walk down the hall to your restroom and ask yourself how foolish are you to believe what you posted.</p><p></p><p>I started this thread to see if anyone would assign any blame to BUSH for anything, and none of you cant. Brett attempted too, but fell short with his ridiculous claims.</p><p></p><p>Most of the BUSH , right wing, republican supporters wont have the cajones to ever admit that bush was a failure, but all you have to do to acknowledge he was a failure is by listening to the current GOP candidates for NOT ONE of them will invoke BUSH, his leadership, his policies, his handling of events, his starting of 2 wars or his handling of the loss of jobs. 8 years of BUSH and not ONE will mention his name.</p><p></p><p>They all know what you all fail to accept, BUSH SUCKED.</p><p></p><p>Peace.</p></blockquote><p></p>
[QUOTE="The Other Side, post: 870155, member: 17969"] Island, I speak to political victims all day on my route. I hear the same baloney that you, moreluck, brett, trip and the others sell on this board everyday. In each case, I have been able to have a reasonable conversation (minus a couple of rush victims) and demonstrate the same facts as I post on this board, yet on you all, you are so dug in on baloney, we cant have an understanding. First of all, I dont have to look in the mirror, All you have to do is listen to BUSH himself, from his own mouth, from his own policies, from his own party. You throw in 60 years of political interference as if this is an excuse that wipes the responsibility away from BUSH. You are so determined to give BUSH a pass on the worst economic record in a 100 years but the rest of the country isnt in that same boat. Was it Kennedy who said "downpayments are barrier to home ownership" Was it Johnson who said "the goverment should give 40K to low income minority first time buyers?" Was it Carter who said "income verification is a barrier to low income newly arrived immigrants?", Was it Clinton who said "im instructing the mortgage industry to create new financial instruments to help first time buyers", Was it Clinton that ordered the building of 6.5 million new homes between 2002 and 2010?" Was it Carter who said "he wanted 1 million low income black homeowners by the end of 2010?" Was it Carter who said "he wanted 1 million low income hispanic homeowners by the end of 2010?" The answer to these questions are NO. BUSH and only BUSH made all of these statements in july 2002 when he introduced the home ownership society, and the downpayment assistance act. Both of these were BUSH'S programs and with the help of the republican controlled congress allowed the mortage industry, the realty industry and the banks to create time bombs that eventually blew up in americas face. You say BUSH's only failure was to stop a runaway train? Well my friend, he was at the wheel of the train. There was no stopping that eventual trainwreck. You want to blame the democrats for being in office when the home bubble burst as if they were responsible ? Get serious. The homes that are foreclosing are not homes sold in the 60's, 70's , 80's or 90's. These were all homes sold after 2002 and mortaged for 5,10 or 15 years interest only. In addition, the BUSH administration ENCOURAGED people to buy multiple homes or take out credit lines against their homes indebting them for amounts they eventually would never be able to repay. For a while, everyone was living high on the hog, mortaging their futures away. For those with older homes, the values falsely increased and those took out loans against them and now that the property values have returned to the original values back in the 70's, they are losing those too. BUSH takes all the blame for this crisis, and no level of political rhetoric can take away that responsibility. If you want anyone to look in a mirror, I suggest you take a short walk down the hall to your restroom and ask yourself how foolish are you to believe what you posted. I started this thread to see if anyone would assign any blame to BUSH for anything, and none of you cant. Brett attempted too, but fell short with his ridiculous claims. Most of the BUSH , right wing, republican supporters wont have the cajones to ever admit that bush was a failure, but all you have to do to acknowledge he was a failure is by listening to the current GOP candidates for NOT ONE of them will invoke BUSH, his leadership, his policies, his handling of events, his starting of 2 wars or his handling of the loss of jobs. 8 years of BUSH and not ONE will mention his name. They all know what you all fail to accept, BUSH SUCKED. Peace. [/QUOTE]
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