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<blockquote data-quote="vantexan" data-source="post: 759399" data-attributes="member: 24302"><p>Where to start. The Democrats took over Congress in 2006. That means THEY were in charge of the purse strings, not Bush. Furthermore Christopher Dodd, Barney Frank, and yes, Barrack Obama, all Democrats, pushed Fannie Mae and Freddie Mac to back home loans that should've never been made by banks who were pressured by the same to people who had no business getting such loans. That was the root cause of the whole house of cards. To be fair plenty of Republicans on Wall Street went along, creating derivatives out of mortgage backed securities that were essentially smoke and mirrors. The Bush administration actually tried to get the whole bad loan system stopped but Dodd and Frank pitched a fit. Dodd had a sweetheart deal with Countrywide Home Mortgage. Franklin Raines, the CEO of Fannie Mae, made $90 million in pay before being forced out for incompetance. He's now Obama's financial advisor in the White House! There's plenty of blame to go around, and frankly the whole bunch should be imprisoned IMO. By the way, Obama has already spent more in less than 2 years than Bush spent in 8. And has tripled the budget deficit. With no tangible results. Meanwhile the man gos on vacation more than anyone I can recall in the White House. And what is with Michelle going to Spain? The cost of the flight including her security detail was $179,000! I'm glad Saddam is gone, but I do wish Bush had stayed out of Iraq and concentrated on Afghanistan. Bush certainly made mistakes. But this whole Bush bashing business doesn't hold up under scrutiny. And for certain, come November, the vote won't be a referendum on Bush.</p></blockquote><p></p>
[QUOTE="vantexan, post: 759399, member: 24302"] Where to start. The Democrats took over Congress in 2006. That means THEY were in charge of the purse strings, not Bush. Furthermore Christopher Dodd, Barney Frank, and yes, Barrack Obama, all Democrats, pushed Fannie Mae and Freddie Mac to back home loans that should've never been made by banks who were pressured by the same to people who had no business getting such loans. That was the root cause of the whole house of cards. To be fair plenty of Republicans on Wall Street went along, creating derivatives out of mortgage backed securities that were essentially smoke and mirrors. The Bush administration actually tried to get the whole bad loan system stopped but Dodd and Frank pitched a fit. Dodd had a sweetheart deal with Countrywide Home Mortgage. Franklin Raines, the CEO of Fannie Mae, made $90 million in pay before being forced out for incompetance. He's now Obama's financial advisor in the White House! There's plenty of blame to go around, and frankly the whole bunch should be imprisoned IMO. By the way, Obama has already spent more in less than 2 years than Bush spent in 8. And has tripled the budget deficit. With no tangible results. Meanwhile the man gos on vacation more than anyone I can recall in the White House. And what is with Michelle going to Spain? The cost of the flight including her security detail was $179,000! I'm glad Saddam is gone, but I do wish Bush had stayed out of Iraq and concentrated on Afghanistan. Bush certainly made mistakes. But this whole Bush bashing business doesn't hold up under scrutiny. And for certain, come November, the vote won't be a referendum on Bush. [/QUOTE]
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