You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an alternative browser.
You should upgrade or use an alternative browser.
WSJ: You won't believe what's in that stimulus bill.
- Thread starter JBfinancial
- Start date
Quote from ers811:
As has been stated (here..in this very thread) before, Bush actually did try to tighten credit and undo some of the very problems that are still festering. Rather early in his presidency actually. The dems blocked it all, and he stopped trying.
So, Little Bush really was an intelligent man and a great President, and me and the majority of the country, and the world are just too ignorant to understand? Wow, I feel really stupid.
Attention people: IT'S ALL CLINTON'S FAULT!
Quote from ers811:
As has been stated (here..in this very thread) before, Bush actually did try to tighten credit and undo some of the very problems that are still festering. Rather early in his presidency actually. The dems blocked it all, and he stopped trying.
Your absolutely right, but the Demo"crap" lovers don't want to read the actual truth about anything. They just want to be brainwashed, and believe whatever there told, instead of finding out the actual facts. lol
Quote from skylr33:
Your absolutely right, but the Demo"crap" lovers don't want to read the actual truth about anything. They just want to be brainwashed, and believe whatever there told, instead of finding out the actual facts. lol
Your / You're
There / They're
See any difference?
I think Little George Bush is posting on ET. Now I understand. Thanks, "Sky", for helping me.
Posted 1/20/2004 1:31 AMQuote from skylr33:
Apparently none of the Democrat loving douche bags remember o'l Bubba giving that speech in which he says "I want every American to be a homeowner, and the policies we are drafting will allow this to occur." O'l "Clit"on felt that home ownership was a right, and not a privilege. Another Demo"crap" brainstorm that ruined our economy!!!
Bush seeks to increase minority homeownership
By Thomas A. Fogarty, USA TODAY
In a bid to boost minority homeownership, President Bush will ask Congress for authority to eliminate the down-payment requirement for Federal Housing Administration loans.
In announcing the plan Monday at a home builders show in Las Vegas, Federal Housing Commissioner John Weicher called the proposal the "most significant FHA initiative in more than a decade." It would lead to 150,000 first-time owners annually, he said.
Nothing-down options are available on the private mortgage market, but, in general, they require the borrower to have pristine credit. Bush's proposed change would extend the nothing-down option to borrowers with blemished credit.
Quote from ers811:
Nice talking points. He is guilty.... of letting decades old democrats' policies FESTER while sitting on his hands and getting blamed for it. Carter and Clinton began the policies that led to decades of irresponsible government meddling in demand (i.e. trying to play God with the forces of a free market). By removing all risk to banks and forcing un-natural demand in the market, they can screw everything up then POINT the finger at the very markets that would work without them. Hey, the scam worked.
Amazing. So one sided. There is more than enough blame to go around. Let's start here, a republican senator from Texas, Phil Graham: http://en.wikipedia.org/wiki/Phil_Gramm
"Gramm and the 2007 mortgage and 2008 economic crises
Some economists state that the 1999 legislation spearheaded by Gramm and signed into law by President Clinton â the Gramm-Leach-Bliley Act â was partly to blame for the 2007 subprime mortgage crisis and 2008 global economic crisis. The Act is most well known for repealing portions of the Glass-Steagall Act, which had regulated the financial services industry. Gramm responded to such criticism by stating that he saw "no evidence whatsoever" that the subprime mortgage crisis was caused in any way "by allowing banks and securities companies and insurance companies to compete against each other."
The Washington Post in 2008 named Gramm one of seven "key players" responsible for winning a 1998-1999 fight against regulation of derivatives trading. Gramm was later critical to passage of the Commodity Futures Modernization Act of 2000, which kept derivatives transactions, including those involving credit default swaps, free of government regulation. The Act, it should be noted, passed the House by an overwhelming majority and passed by unanimous consent in the Senate, though it was introduced on the last day before Christmas holiday and never debated by either congressional body.
2008 Nobel Laureate in Economics Paul Krugman, a supporter of Barack Obama, described Gramm during the 2008 presidential race as "the high priest of deregulation," and has listed him as the number two person responsible for the economic crisis of 2008 behind only Alan Greenspan. On October 14, 2008, CNN ranked Gramm number seven in its list of the 10 individuals most responsible for the current economic crisis. In January 2009, The Guardian's City editor Julia Finch identified him as one of twenty five people who were at the heart of the financial meltdown."
Quote from vhehn:
Posted 1/20/2004 1:31 AM
Bush seeks to increase minority homeownership
By Thomas A. Fogarty, USA TODAY
In a bid to boost minority homeownership, President Bush will ask Congress for authority to eliminate the down-payment requirement for Federal Housing Administration loans.
It's useless posting facts. Republicons do not let the facts come in the way of a good story..... especially if they can blame Clinton.
Phil sounds like one helluva guy.
"Gramm was one of five co-sponsors of the Commodity Futures Modernization Act of 2000. One provision of the bill was referred to as the "Enron loophole" because the House Agriculture Committee drafted it and it was later applied to Enron. Some critics blame the provision for permitting the Enron scandal to occur. Gramm's wife, Wendy Lee Gramm, was on the board of directors of Enron when it collapsed, giving the legislation its moniker, and she was named in many of the subsequently settled lawsuits."
"Gramm is a vice-chairman of UBS Investment Bank, a financial services company, and massive benefactor from Gramm's financial positions while he was in the Senate, based in Switzerland."
"Gramm was one of five co-sponsors of the Commodity Futures Modernization Act of 2000. One provision of the bill was referred to as the "Enron loophole" because the House Agriculture Committee drafted it and it was later applied to Enron. Some critics blame the provision for permitting the Enron scandal to occur. Gramm's wife, Wendy Lee Gramm, was on the board of directors of Enron when it collapsed, giving the legislation its moniker, and she was named in many of the subsequently settled lawsuits."
"Gramm is a vice-chairman of UBS Investment Bank, a financial services company, and massive benefactor from Gramm's financial positions while he was in the Senate, based in Switzerland."
Quote from 4444CJones4444:
Phil sounds like one helluva guy.
"Gramm was one of five co-sponsors of the Commodity Futures Modernization Act of 2000. One provision of the bill was referred to as the "Enron loophole" because the House Agriculture Committee drafted it and it was later applied to Enron. Some critics blame the provision for permitting the Enron scandal to occur. Gramm's wife, Wendy Lee Gramm, was on the board of directors of Enron when it collapsed, giving the legislation its moniker, and she was named in many of the subsequently settled lawsuits."
"Gramm is a vice-chairman of UBS Investment Bank, a financial services company, and massive benefactor from Gramm's financial positions while he was in the Senate, based in Switzerland."
And that guy was going to be McCain's main economic advisor, besides his VP.