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 OBAMA “THE BUCK STOPS AT BUSH”!

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Abracadabra
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PostSubject: OBAMA “THE BUCK STOPS AT BUSH”!   Sun 21 Nov 2010, 5:21 pm

President Barack Obama boldly proclaims, "The buck stops here!" But, whenever his policies are criticized, he acts as if the buck stopped with George W. Bush.

It was Republican policies under George W. Bush that caused this terrible recession, and now they are resisting our efforts to get out of it."

To combat this complete revision of history, let us go to a column by Thomas Sowell to correct this idea that the Republican policies under George W. Bush caused this recession ...

"Another political fable is that the current economic downturn is due to not enough government regulation of the housing and financial markets. But it was precisely the government regulators, under pressure from politicians, who forced banks and other lending institutions to lower their standards for making mortgage loans.

These risky loans, and the defaults that followed, were what set off a chain reaction of massive financial losses that brought down the whole economy.

Was this due to George W. Bush and the Republicans? Only partly. Most of those who pushed the lowering of mortgage lending standards were Democrats-- notably Congressman Barney Frank and Senator Christopher Dodd, though too many Republicans went along.

At the heart of these policies were Fannie Mae and Freddie Mac, who bought huge amounts of risky mortgages, passing the risk on from the banks that lent the money (and made the profits) to the taxpayers who were not even aware that they would end up paying in the end.

When President Bush said in 2004 that Fannie Mae and Freddie Mac should be reined in, 76 members of the House of Representatives issued a statement to the contrary. These included Barney Frank, Nancy Pelosi, Maxine Waters and Charles Rangel.

If we are going to talk about "the policies that created this mess in the first place," let's at least get the facts straight and the names right."

http://www.realclearpolitics.com/articles/2010/09/07/political_fables_107026.html


Hope and change voters....do not forget to after you enjoy a  with obama Kool-Aid....sweetened with NutraHope!

Many people (that I know) are alive only because it’s illegal to shoot them.

Ronald Reagen said it best.......The trouble with our liberal friends is not that they are ignorant, but that they know so much that isn’t so.

"You can ignore reality, but not the consequences of ignoring reality." Ayn Rand

The truly educated never graduate !

When the Going Gets Tough, the Tough Get Going. The Smart Left a Long Time Ago.

I have always said I don't care what you do or with whom you do it, but don't demand that I think that it is normal or that it is OK!!!!

Only two things are infinite, the universe and human stupidity!
how rude

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OBAMA “THE BUCK STOPS AT BUSH”!

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